According to a new report, published by KBV research, The Global Noise Mitigation System Market size is expected to reach $46.8 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Acoustic Surface segment is showcasing a CAGR of 6.5% during (2022 - 2028). Large, softly furnished acoustic panels that can be strategically positioned within rooms to enhance overall sound quality are called acoustic panels. They are often constructed using a simple fabric and foam mixture to cut into various shapes and sizes. Hospitals, schools, and other industrial and commercial buildings frequently have acoustic tiles placed as a form of insulation solution. Buildings can greatly benefit from noise reduction by installing acoustic tiles. They can block sound from reverberating in adjacent spaces, absorbing and lessening echoes.
The Industrial segment is leading the Global Noise Mitigation System Market by Application in 2021 thereby, achieving a market value of $22 billion by 2028. Systems for reducing noise pollution are frequently employed in fields like construction and manufacturing to deal with loud noise levels on job sites. Power tools, heavy machinery, and human voice are just a few of the types of noise that can be heard at construction sites in high volumes. Using acoustic barriers and other noise mitigation techniques reduces noise transmission from the building site to the neighborhood, resulting in a more tranquil atmosphere for neighboring residents and workers.
The North America market dominated the Global Noise Mitigation System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16.1 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 5.5% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 4.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/noise-mitigation-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Armstrong World Industries, Inc., Yamaha Corporation (Menchey Music Service, Inc.), Catalyst Acoustics Group (The Stephens Group), SysTech Design, Inc., Acoustical Surfaces, Inc., McGill AirSilence LLC, Knauf Gips KG (Gebr. Knauf KG), Metal Form Manufacturing LLC (United Enertech Corporation) and Quietstone UK Ltd.
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