Outdoor Sound Barriers Market revenue is increased to USD 876 Million. Such a significant growth is likely to take place at a 4.7% CAGR during the forecast period 2020 to 2025
Key Player leading in the market are artUsA Industries, Inc., VentacCo.Ltd, Noise Barriers, LLc, IAc Acoustics, Paragon Noise Barriers, Inc., Kinetics Noise control, Inc., Rebloc Sound Barrier Fence Factory.
The Stephens Group Announced on Kinetics Noise Control
The Stephens Group announced Jan 2020 that it finalized its acquisition of Kinetics Noise Control, Inc. and in conjunction with the transaction, formed a new company, Catalyst Acoustics Group, which will serve as a platform for an elite group of acoustic, vibration and noise control companies that together offer the broadest portfolio of noise control solutions in the market. Catalyst Acoustics will house The Stephens Group’s growing family of noise control solutions providers, which in addition to Kinetics includes Sound Seal, IAC Acoustics etc.
Hyundai Motor Company and HARMAN International launch the World’s first road noise cancellation system into production. Harman International focused on connected technologies for automotive, consumer and enterprise market has launched the world’s first active road noise cancellation system which reduces the in-cabin noise level by cancelling out unwanted sound originating from the tires and road surfaces while driving. The Genesis GV80 SUV, that celebrated its global reveal on January 15 in Korea, is the first production car to feature the technology, which is based on HARMAN’S Halosonic management technologies.
Some Segmentation of market On the basis of Product in Noise control system, Internal Industrial, External Industrial Noise control System. On the basis of Application, the Outdoor Noise/Sound market can be segmented into Residential, Commercial, Industrial, Institutional, Utilities, Rooftop Equipment, Transportation and Oil & Gas. On the basis of region it contains North America, Asia-Pacific, Europe and Middle East & Africa. In these, the region of North America occupied the largest market share in the global outdoor sound barrier market in 2018. Analysis showed this leadership will continue in forecast 2025.Due to the major player including Coastal Precast Systems, Armtec Infrastructure, Amco Block & Precast, and Cretex Companies who are tremendously driving the growth of the highway noise barriers market in North America. Besides, the Asia-Pacific region is also anticipated to observe the fastest growth rate during the forecast period.
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