An Incisive, In-depth Analysis on the Noise Control System Market
This study offers a comprehensive, 360 degree analysis on the Noise Control System market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Noise Control System market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Consumer preference moving towards less noisy products
It is hardly surprising that buyers across the world prefer less noisy products over their noisier counterparts. Quieter equipment is more expensive because of the built-in soundproofing mechanisms but this hasn’t deterred consumers in the slightest. Quieter equipment is more beneficial and economical over a period of time and a number of companies such as YAMAHA Corp., Warner Howard, Mitsubishi Electronic Corp., Whirlpool, and Sharp Electronics Corp. have focussed their attention on making ever-quieter products. Industrial equipment, household appliances, and the transportation industry stand to benefit the most from this, thereby boosting the noise control system market.
Healthcare industry to drive the noise control system market
The hospital environment plays a critical role in a patient’s well-being and the road to recovery. High noise levels in the hospital or its vicinity can affect the health of the patients considerably. A quiet hospital environment allows a speedy recovery by lowering the patient’s blood pressure and stress levels, improving sleep quality, and reducing intake of pain medication, thereby culminating in high staff productivity and a healthy overall atmosphere. Noise control systems in hospitals enhance patient recovery and decrease stress and pressure levels.
Noise cancelling technology being implemented in automobiles
Excessive noise created while driving can affect the processing power of a driver leading to avoidable stress and distractions. Noise control systems installed in vehicles play a vital role in allowing both drivers and passengers to enjoy a peaceful, comfortable, and safe journey. The iconic American giant, Ford Motor Company has recently unveiled a car enabled with a noise control system. The Ford Mondeo Vignale has high-tech noise cancellation features that go a long way in reducing the impact of road, tyre, and wind noise, thereby improving the driver’s experience. There is currently a race underway with several leading automakers such as Toyota and Honda seeking to improve their sound deadening technology, boosting the overall noise control system market.
Regulatory guidelines favour demand in the noise control system market
The World Health Organization and the Organization for Economic Co-operation and Development are the two primary regulatory authorities that study and assess the impact of environmental noise. Several laws have been introduced across the world to curb the menace of sound pollution and reduce its associated health issues. For e.g., in Saudi Arabia, traffic noise is a major problem on account of the rapid growth of urban agglomerations coupled with a high population growth. Therefore, the best way to control this scourge is by the imposition of heavy fines that should reduce noise levels in the region.
Power consumption a major restraint in the noise control system market
Ventilation systems, industrial machinery and equipment motor fans create substantial noise pollution. DC fans use a new form of ECM that is ultra-efficient and ultra-quiet at the same time. DC fans are perfect in diverse applications such as telecom switches, medical appliances, and car entertainment systems, where noise is often a hindrance. Quieter equipment is typically more power-intensive but it has greater benefits in the long run, spurring its adoption.
North America and APEJ key regions in the global noise control system market
North America and APEJ account for more than half the noise control system market and they are expected to retain their commanding position throughout the course of the forecast period. APEJ is on track to grow by 46 basis points in 2027 over 2017 but this will still not be enough to dislodge North America from its pole position in the noise control system market. North America should record a robust CAGR of 5.8% enabling the regional market to grow to more than US$ 15 Bn in 2027 from about US$ 8.5 Bn by 2017 end. APEJ will record a CAGR of 6.0% during the forecast period to reach a market valuation in excess of US$ 12 Bn by the end of 2027.
Noise pollution can cause severe health issues but was historically considered a lower priority than the other forms of pollution. Rising awareness has made it receive a greater share of the limelight, which is why noise control systems have become increasingly important. Future Market Insights in an upcoming report titled ‘Noise Control System Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ has conducted an in-depth study of the global noise control system market for the period from 2017 to 2027.
Best-in-class Research Methodology
Future Market Insights has devised a research methodology that can be considered a leader in the industry. Our team of highly diverse, knowledgeable analysts begin their research with exhaustive primary and secondary research to understand the nuances of the noise control system market. A market player list comprising all nodes of the value chain is developed and a questionnaire allowing the extraction of important data is prepared. After the facts have been gathered, they are rigorously scrutinised using the triangulation method that combines primary and secondary research with Future Market Insights analysts’ key insights. Lastly, the report is thoroughly validated using proprietary company tools to deliver all the data needed by our clients pertaining to the noise control system market.
An important section of the noise control system market report is the chapter that touches upon the forecast of the global noise control system market for the study period. This is where we have predicted the future growth trajectory of the noise control system market on the basis of certain vital metrics such as absolute and incremental dollar opportunity, CAGR, and Y-o-Y growth rate.
The noise control system market report begins with the executive summary that is a concise and comprehensive first look at the noise control system market. This chapter includes an overview as well as an initial analysis of the noise control system market. Our expert analysts have assessed the noise control system market and made their recommendations for your perusal. These are in the form of the specific region to target, application to focus on, product and material type to build, and an appropriate differentiation strategy to be successful in the noise control system market. The executive summary is complemented by the introduction that is apt for readers who seek a grassroots level glance at the global noise control system market. The noise control system market has been defined in terms of industrial, commercial and residential applications in this chapter.
Noise Control System Market: Taxonomy
In a market as competitive as the noise control system market, it is imperative to know what your immediate competition is planning so that you can decide your long-term business strategies accordingly. The competition dashboard profiles the most prominent companies active in the noise control system market where we have a brief company and product portfolio overview, key financials and a SWOT analysis. Important recent developments such as any M&A activity or recognition received from authoritative bodies conclude this portion of the noise control system market report.
The global noise control system market has been divided into seven geographic regions for the purpose of the study. Each region has a dedicated chapter that highlights the regional drivers, restraints, opportunities and threats that impact the regional noise control system markets. Every regional section highlights the largest countries in the respective region and compares and contrasts their historical size with their expected growth till the end of 2027. The PESTLE analysis coupled with Porter’s Five Forces analysis can be extremely beneficial to our readers and these have been mentioned here.