The Business Research Company’s Noise Mitigation SystemGlobal Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Noise Mitigation SystemGlobal Market Report 2023evaluates noise mitigation system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global noise mitigation system market is expected to grow from $34.81 billion in 2022 to $37.29 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The noise mitigation system market is expected to reach $47.1 billion in 2027, at a CAGR of 6%.
Growing demand from the construction sector is expected to propel the growth of the noise mitigation system market going forward. Construction refers to putting together buildings, infrastructure, or other structures. Noise mitigation systems play a significant role in the construction sector, as they are extensively used to reduce the impact of noise on the surrounding environment. A comprehensive noise mitigation plan includes sound-dampening solutions and improved work practices to minimize the construction noise impact. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the growing demand from the construction sector is driving the growth of the noise mitigation system market.
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The noise mitigation system market segments in the report are:
1) By Product Type: Acoustic Tiles, Acoustic Surface, Sound Barrier Walls, Baffles, Others Product Types
2) By Material: Fiberglass, Wood, Plastic sheets, Concrete, Other Materials
3) By Application: Residential, Industrial, Commercial
Top Major Payers:
Compagnie de Saint-Gobain SA
Honeywell International Inc
Harman International Industries Inc
North America was the largest region in the noise mitigation system market in 2022.
The table of contents in TBRC’s noise mitigation system market report includes:
1. Executive Summary
2. Noise Mitigation System Market Characteristics
3. Noise Mitigation System Market Trends And Strategies
4. Noise Mitigation System Market – Macro Economic Scenario
5. Global Noise Mitigation System Market Size and Growth
32. Global Noise Mitigation System Market Competitive Benchmarking
33. Global Noise Mitigation System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Noise Mitigation System Market
35. Noise Mitigation System Market Future Outlook and Potential Analysis
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