Noise Mitigation System Market Expected to Reach $57.7 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Noise Mitigation System Market," The noise mitigation system market was valued at $36.85 million in 2021, and is estimated to reach $57.7 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

Noise mitigation is an important part of occupational health and safety. Undue exposure to noise can cause hearing loss, which is one of the most common negative health effects among workers. A noisy environment can also impede safety-critical communication, increase worker stress or create distractions that increase the worker's cognitive load and thus impair the ability to work safely.  

Most occupational health and safety jurisdictions have established legal limits for acceptable workplace noise exposure because of the various negative effects of noise exposure. This makes the use of noise mitigation systems mandatory in many workplaces and implies that employers must be able to measure occupational noise levels to ensure that their noise mitigation systems are adequate to meet all relevant regulations.  

The acquisition of Arktura, LLC by Armstrong World Industries, Inc. in December 2020 can potentially have an impact on the noise mitigation system market trends, as Arktura specializes in the design and manufacture of architectural solutions for ceilings, walls, partitions, and facades. By adding Arktura's capabilities to its portfolio, Armstrong World Industries can potentially expand its offerings in the noise mitigation system market.  

The World Health Organization and the Organization for Economic Co-operation and Development are the two main regulatory bodies that research and assess the effects of environmental noise. Several laws have been enacted around the world to reduce the threat of noise pollution and the associated health problems. For example, in Saudi Arabia, traffic noise is a major problem due to the rapid growth of urban agglomerations and high population growth. Therefore, the best way to control this issue is to impose heavy fines. This should reduce noise levels in the area. 

Radon gas is a naturally occurring radioactive gas that can seep into buildings through cracks and other openings in the foundation. Radon mitigation systems are designed to reduce the levels of radon in a building and typically use a fan to vent the gas outside. However, these fans used in radon mitigation system making loud noise, which can be bothersome for people living or working in the building. As awareness of radon gas increases, the market for radon fans in noise mitigation systems is growing. To reduce radon fan noise levels, manufacturers and suppliers offer fans that are quieter and more energy-efficient, as well as other components like mufflers or insulated ducts. These can help to further reduce the noise generated by the fan and make the system more tolerable for building occupants.   

According to the Lead Analyst, Semiconductor and Electronics, at Allied Market Research, “The noise mitigation system market is expected to grow due to increasing demand from various industries such as construction, transportation, and manufacturing. The market growth opportunities can be attributed to the rising focus on environmental regulations, the need for noise reduction in urban areas, and the increasing awareness about the harmful effects of noise pollution. Additionally, technological advancements in noise mitigation systems and the development of new and innovative products are also expected to drive the growth of the market.” 

According to the noise mitigation system market analysis, the market is segmented on the basis of product type, application, and region. By product type, the market is divided into acoustic tiles, acoustic surfaces, sound barrier walls, baffles, and others. By application, the market is categorized into residential, industrial, and commercial. Region-wise, the noise mitigation system market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).   

Country-wise, the U.S. region holds a significant share in the global noise mitigation system market size, owing to the presence of prime players. Major organizations and government institutions in this country are intensely putting resources into this global noise mitigation system. These prime sectors have strengthened the noise mitigation system market growth in the region.  

KEY FINDINGS OF THE STUDY 

• In 2021, by product type, the acoustic tiles segment generated the largest share and is expected to follow the same trend during the forecast period.   

• By application, the industrial segment was the highest revenue contributor to the noise mitigation system market share, with $17.83 million in 2021. 

• The acoustic tiles and acoustic surface segments are expected to witness considerable CAGRs of 6.18% and 5.57%, respectively, during the forecast period. 

• Region-wise, the North America region was the highest revenue contributor, accounting for $12.47 million in 2021, and is estimated to reach $19.76 million by 2031, with a CAGR of 4.81%. 

The noise mitigation system market key players profiled in the report include Yamaha Corporation, Kinetics Noise Control, Inc., Knauf Gips KG, Armstrong World Industries Inc., SysTech Design Inc., Noise Barriers, Acoustical Surfaces, Inc., Quietstone UK Ltd., USG Corporation, and McGill AirSilence LLC.   The market players have adopted various strategies, such as product launches, collaborations & partnerships, joint ventures, and acquisitions to expand their foothold in the noise mitigation system industry.