Industrial Noise Control Market is Witnessing a Value CAGR of 4.4% between 2018-2028

Over 152 million units of industrial noise control systems were sold in 2018, totalling a market value worth US$ 4.8 billion. A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at 3.7% y-o-y in 2019. Key factors influencing the growth of industrial noise control market include,

• Growing awareness of harmful levels of industrial noise
• Increasing emphasis on the protection of workers and employees from noise pollution
• Stringent environment regulation related to industrial noise control
• Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2018

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.

Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.   

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3515

Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold in 2018 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2018 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2019.

Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2018

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2018 were for internal application and the demand will continue to grow in the future.

Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2019.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2018. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2018.

Need More Information about Report Methodology @ https://www.futuremarketinsights.com/askus/rep-gb-3515

While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

Hydrogen Electrolyzer Market is Expected to Reach US$ 426.3 Mn by 2028

Future Market Insights’ newly published report “Hydrogen Electrolyzer Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” examines the Hydrogen Electrolyzer market and offers valuable key insights for the next ten years. On the basis of key findings reported in the study, the Hydrogen Electrolyzer Market is anticipated to witness significant demand from end-use applications, such as energy, ammonia, power to gas, electronics, glass industry, etc. Growing end-use applications will give a boost to the Hydrogen Electrolyzer’s market during the forecast period.

While growing with a value CAGR of 7.2%, the Hydrogen Electrolyzer market is expected to reach US$ 426.3 Mn in 2028, from a value of US$ 213.1 Mn in 2018. The incremental $ opportunity created by the Hydrogen Electrolyzer market is pegged to be at US$ 213.2 Mn between 2018 and 2028.

Hydrogen Electrolyzer Market Dynamics   

Hydrogen electrolyzer is a system for various end-use industries. Industries, such as electronics, food & beverages, metal production and fabrication, and pharmaceuticals, utilize hydrogen for different applications. Macroeconomic growth of these industries as well as increasing demand for hydrogen electrolyzer from these industries is expected to drive the growth of the market over the next few years.

The global Hydrogen Electrolyzer industry has a diverse business environment, characterized by continuous developments and introduction of new technologies. These advancements range from increasing efficiency of hydrogen production to increasing efficiency of fuel cells and various components existing in between. These advancements are making investors positive about investing more at one or multiple points in the hydrogen production supply chain, thereby facilitating market growth.

Request Sample Report @ 

https://www.futuremarketinsights.com/reports/sample/rep-gb-1946

Hydrogen Electrolyzer Market Forecast

The global Hydrogen Electrolyzer market is estimated to grow and become 2.0X during the forecast period owing to growth in end-use industries, such as power to gas, energy, lubricant, ammonia, methanol, electronics, glass industry, food & beverages, etc. From a geographical perspective, Western Europe, followed by Asia Pacific excluding Japan (APEJ), is expected to dominate the global Hydrogen Electrolyzer market over the forecast period. On the basis of incremental $ opportunity, Western Europe is estimated to account for US$ 50.2 Mn in 2018 and is expected to reach US$ 101.2 Mn by the end of 2028 in the global Hydrogen Electrolyzer market during the forecast period.

By product type, the alkaline Hydrogen Electrolyzer segment is expected to dominate the market with a value of US$ 124.3 Mn in 2018. The segment is anticipated to account for more than half of the market value share in the Hydrogen Electrolyzer market during the forecast period. On the basis of growth, the PEM Hydrogen Electrolyzer segment is anticipated to grow at a sluggish growth rate when compared to solid oxide Hydrogen Electrolyzer segment in the global Hydrogen Electrolyzer market during the second half of the forecast period.

Among all capacity segments, the low capacity segment is projected to dominate the global Hydrogen Electrolyzer market during the forecast period. In terms of volume, the medium capacity segment is expected to hold approximately one-third of the market share in 2018 and will remain dominant throughout the forecast period in the global Hydrogen Electrolyzer market. The incremental $ opportunity created by the high capacity segment is pegged to be two-third of the incremental $ opportunity created by the medium capacity segment.

On the basis of hydrogen outlet pressure segment, the low capacity hydrogen outlet pressure segment is estimated to hold more than two third of market value share and is expected to dominate the market throughout the forecast period. This segment will be closely followed by the medium capacity hydrogen outlet pressure segment. In terms of incremental $ opportunity, the high capacity hydrogen outlet pressure segment is expected to create incremental $ opportunity worth US$ 35.21 Mn in between 2018 and 2028 in the global Hydrogen Electrolyzer market.

Need More Information about Report Methodology @ 

https://www.futuremarketinsights.com/askus/rep-gb-1946

Hydrogen Electrolyzer Market Competitive Landscape

Siemens AG, Nel Hydrogen, McPhy Energy S.A, ITM Power Plc, Tianjin Mainland Hydrogen Equipment Co. Ltd, Hydrogenics, Areva H2Gen, ELB Elektrolysetechnik GmbH, GreenHydrogen.dk ApS, Giner Inc, iGas Energy GmbH, Beijing CEI Technology Co., Ltd, Next Hydrogen and Accagen SA are some of the key participants covered in this study.