Report : Asia Pacific Active Noise and Vibration Control System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Vibration and Noise); System (Sensors, Actuators, Controllers, and Dampers); Application (Aerospace (Fixed Wing and Rotary Wing (Helicopters)), Defense (Ground Vehicles and Naval Vessels), Railway, General Industries (Manufacturing and Energy & Power (Wind Turbines)) and Country
Vibration Segment to Dominate APAC Active Noise and Vibration Control System Market during 2019–2027
According to a new market research study on “APAC Active Noise and Vibration Control System Market to 2027 – Regional Analysis and Forecast by Type, Systems, and Application,” is expected to reach US$ 1,473.5 Mn by 2027 from US$ 798.5 Mn in 2019. The market is estimated to grow at a CAGR of 8.6% from 2020 to 2027. The report provides trends prevailing in the APAC active noise and vibration control system market along with the drivers and restraints pertaining to the market growth. The significant reason behind the substantial demand for active noise and vibration control system in these countries is the steep rise in the government investment for the development of the aerospace & defense sector in APAC and is projected to have exceptional growth in the coming years. Currently, several nations in APAC have been undertaking complete reassessment of their defense strategies and resources owing to the rising geopolitical tensions. The aerospace sector in the region is categorized by enormous investments for the manufacturing of commercial aerospace.
Further, mounting investments in the renewable sector for electricity generation have been the primary drivers of the growth of the APAC active noise and vibration control system market. For instance, the Chinese government is aiming to spend US$ 360 billion on renewable energy by 2020 for power generation, resulting in increased demand for active noise and vibration control system in the country. Other ongoing energy and power projects in the region requiring noise and vibration control systems are floating wind farm in Japan, and India's THDC is likely to co-develop 2GW renewable plant and 1.2GW hydro project in Indonesia. Therefore, several electrical equipment, such as motors, generators, and transformers, will be installed to generate electricity from these projects and will require active noise and vibration control systems to efficiently control the noise and vibration produced.
APAC is anticipated to grow at the highest CAGR during the forecast period. The key active noise and vibration control system market players profiled in this research study are Fabreeka International, Inc., FAURECIA CREO AB, Honeywell International Inc., Hutchinson, Moog Inc., Parker Hannifin Corporation, Supashock Advanced Technologies, Terma A/S, and Trelleborg AB.
APACActive Noise and Vibration Control System Market, By Country, 2019 and 2027 (%)
The report segments the APAC Active Noise and Vibration Control System Market as follows:
Active Noise and Vibration Control System Market– By Type
- Vibration
- Noise
Active Noise and Vibration Control System Market – By System
- Sensors
- Actuators
- Controllers
- Dampers
Active Noise and Vibration Control System Market– By Application
- Aerospace
- Fixed Wing
- Rotary Wing (Helicopters)
- Defense
- Ground Vehicles
- Naval Vessels
- Railway
- General Industries
- Manufacturing
- Energy & Power (Wind Turbines)
Active Noise and Vibration Control System Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC