Industrial Application to Remain Dominant in the Global Noise Control System Market

VALLEY COTTAGE, New York, August 18, 2017 /PRNewswire/ --

Noise pollution has historically received much less public attention than other more visible forms such as air pollution, water pollution, and land pollution. However, times have well and truly changed and the effective tackling of noise pollution has become the need of the hour as it is directly linked to many severe health issues. Noise control systems are expected to become increasingly important in the days ahead; which is why Future Market Insights has drafted a new report 'Noise Control System Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027' that studies the global noise control system market in detail. The global noise control system market is on track to record a robust CAGR of 5.8% and be worth more than US$ 53 Bn by 2027 end.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Forecast by Material Type: Fibreglass and Foam to Remain Dominant  

Fibreglass and Foam have a combined market share of nearly 3/5^th of the noise control system market and are anticipated to retain this share to a significant degree till the end of the forecast period. Fibreglass represents a market opportunity of just under US$ 20 Bn while Foam is predicted to have a value of nearly US$ 13 Bn by end 2027.

Request a Sample Report with Table of Contents and Figures: http://www.futuremarketinsights.com/reports/sample/rep-gb-4629

Forecast by Product Type: Tiles, Panels and Doors to Hold Larger Market Share 

The Tiles, Panels, and Doors segments are likely to remain at the top in the global noise control system market by product type as these three segments are the only ones poised to cross a value of US$ 10 Bn by the end of the decadal study. Of these three, the Tiles segment is slated to reach a market valuation of almost US$ 13.4 Bn by the end of 2027.

Forecast by Application: Industrial Application Projected to Dominate the Global Market 

The Industrial application alone has a market share of more than 50% in the global noise control system market and it is estimated to gain 47 BPS during the course of the study. The Industrial application segment is greater than that of the Commercial and Residential segments combined with an anticipated value exceeding US$ 28 Bn by end 2027.