HVAC and Construction
Remodeling market to witness massive gains from the residential sector over 2018-2024, E-commerce platforms to dramatically alter the industry trends
One of the most recent precedents indicative of the vast expanse of remodeling market is that of a renovation project of Seattle’s iconic Space Needle. The reopening of the world’s famous construction landmark has made it to the headlines lately as it now boasts the first ever rotating glass floor across the globe. Incidentally, the completion of USD 100 million remodeling project has paved way for more impressive panoramic views of the city from the observation tower.
North America Remodeling Market, By End-Use, 2013-2024, (USD Billion)
The project’s efforts to augment the overall diner’s experience with a 360-degree vista of the city skyline and Puget Sound have been forecast to have quite a profitable impact on the regional remodeling market share. The incidence is also demonstrative of the fact that such advanced construction & real-estate projects with innovative designs and sustainable materials are expected to strongly support the growth of remodeling industry in the ensuing years. In fact, the progressive roadmap traversed by the global remodeling market is vividly depicted from a recent report compiled by Global Market Insights, Inc., that claims the business space to have already surpassed a remarkable USD 3 trillion mark in 2017.
Turns out that small-scale renovations are also slowly becoming just as popular as large scale projects, as is witnessed with bathroom & kitchen remodeling projects becoming more commonplace in the residential sector. The growing popularity of modular kitchens, designer walls, stylist bathrooms, and floor trends have significantly soared the undertaking of interior and residential construction projects. With the accelerating pace of these industry trends, the LIRA (Leading Indicator of Remodeling Activity) report further claims that the year 2018 will observe a substantial rise in the residential repairs and remodeling activities.
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Soaring land & construction prices have furthermore resulted into exponentially higher real estate costs, which has in turn impacted remodeling market demand. On the grounds of these changing industry trends, reports claim that the global remodeling market from the residential sector was pegged at USD 2 trillion in 2017 and is estimated to continue its robust growth in the years ahead. Besides the residential sector, remodeling market size from the commercial sector is also likely to be benefited from the corporate and industrial space renovations and is estimated to surpass USD 2.2 trillion by 2024.
E-commerce to emerge as a lucrative distribution channel for remodeling industry players
The growing trend of providing remodeling services through online platforms has appreciably brought the construction and remodeling industry into e-commerce. Right from designing and drawing up construction plans to providing 3rd party remodeling labors, online platforms are emerging as the new lucrative investment grounds where companies are massively advertising and distributing remodeling materials as well as related services to consumers. The benefits of cost, products, contractors, and services have significantly added to the growing popularity of this platform in the global remodeling industry.
To name a few, Amazon home service, Pro.com, and Zillow are some of the prominent platforms that are redefining the commercialization matrix of remodeling market. Thanks to the internet, e-commerce is taking on physical shops and is robustly emerging as a retail channel of choice for people across the globe. The convenience of these platforms is undeniable, on the grounds of which industry analysts predict this business sphere to be a lucrative investment hotspot for potential stakeholders who are trying to expand their reach across the global remodeling market.
Capitalizing on the potential of digitalization, the e-commerce platforms are expected to offer unique opportunities while allowing the remodeling market companies to stay competitive. Amazon.com for example, joined a home-services & remodeling platform in 2015 and has expanded it to more than 15 U.S. cities. The instance goes on to validate that surely there is great deal of focus on online platforms within the remodeling market. All in all, driven by the increasing focus to enhance the overall consumer experience, remodeling market is expected to take a deeper dive in terms of revenue, surpassing USD 5 trillion by 2024.
Author Name : Ojaswita Kutepatil
Escalators and moving walkways market to witness remarkable growth from the airport sector from 2018-2025, product innovations to underline the competitive landscape
Growing expenditure on infrastructure development has propagated the escalators and moving walkways market, in conjunction with the rapid urbanization of cities and changing demographics. Elevated income levels of the working class population in several regions has stimulated investments in constructing structures that have advanced and comfort-raising amenities. Lately, people moving equipment have become obligatory features in modern public buildings such as hotels, shopping malls and airports, triggering evolution of the escalators and moving walkways industry. While escalators allow for easy movement of people between floors of a building, moving sidewalks are essential in transporting people over short to medium distances, either along a level ground or at an inclined distance.
U.S. Escalators & Moving Walkways Market Size, By Application, 2014 – 2025 (USD Million)
Ability to help in safe movement of people and their bags or luggage in communal settings has mainly driven the global escalators and moving walkways market, which is credited with accruing more than USD 15 billion remuneration in 2017. Due to the expansion of the transportation industry, bus and railway stations are developing and going beyond a single floor to accommodate operations or provide public resting areas. An emerging revenue source for the escalators and moving walkways industry is the installation of escalators in indoor and outdoor footbridges for encouraging commuters to utilize a safer way of crossing roads in busy areas. Budding tourism industry and expansion of international trade has instigated the development of bigger airports and along with it, established a key source of income for the escalators and moving walkways market.
To elaborate, Dubai International Airport’s Terminal 3, opened in 2008, is the world’s largest airport terminal and consists of two sections, Concourse A having 11 floors and Concourse B having 10 floors. The extensive facility has 97 escalators and 82 moving walkways to handle the entire terminal’s capacity of handling 43 million people. With every airport around the world requiring passenger movement equipment and many more airports in the pipeline to be constructed, earnings for the escalators and moving walkways market from the airport segment is anticipated to grow at a 4% CAGR over 2018-2025.
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The underground railway system in London, also termed as the Tube, is a vast network of interconnected subway system, with stations having multiple floors and the deepest station being about 58.5 meters below ground. As such, the Tube is another example pointing out the importance of the escalators and moving walkways industry in realizing safe commuting of millions of passengers that use public transport.
With efforts being undertaken worldwide to build taller and wider structures which incorporate commercial and retail businesses, the escalators and moving walkways market has achieved extraordinary progress not only in terms of revenue but also technological advancement. Office plazas, multistorey malls, industrial buildings and large residential complexes are presenting the need for energy-efficient infrastructure to reduce the overall cost of occupancy. The recently launched Link escalators from Otis, a leading manufacturer of people moving products, demonstrates the potential of energy optimization in escalators.
Speaking further, the Link escalator has upgraded safety, quality and reliability, while its innovative ReGen drivers deliver up to 60% less energy consumption in comparison with those without regenerative drives. Designed for easy maintenance and longest uptime, the Link escalators comprise of an extremely efficient lubrication system which use 98% less oil than manual lubricant system. A significant characteristic of the Link escalators is that 90% of the materials used in their manufacturing are recyclable at end of life. With the additional feature of being easily diagnosed for assessing escalator performance or sensing equipment deterioration using Otis’ diagnostic tool, the Link escalators represent shifting trends in development of the escalators and the moving walkways industry.
The highly competitive dynamics of the escalators and moving walkways market has enforced major players such as KONE Corporation, Otis Elevator Company, Schindler, Fujitec, Thyssenkrupp AG, Hitachi Ltd and many others to come up with critical product features for promoting their services. A notable innovation in the escalators and moving walkways industry has been effected by KONE, which has displayed the opportunities created by connecting its products with the internet of things (IoT). For instance, in March 2018, KONE launched a cloud-connected escalator which, using the company’s 24/7 connected services, provides vast quantity of data from sensors and allows for remote monitoring, analysis of real-time information.
However, the most interesting feature of the KONE’s product is that it is the first ever Twitter-connected escalator and enables people to witness how it operates by sending timely tweets, while a 360-degree and virtual reality video is also available. The KONE escalator is invariably transforming the product landscape of escalators market. With a slew of such advanced products & innovations in pipeline, the escalators and moving walkways market is estimated to register a 4% CAGR from 2018 to 2025.
Author Name : Pankaj Singh
Pocket door market valuation to exceed 10 billion-dollar mark by 2024, rising renovation activities in the construction sector to drive industry progression
One of the most prominent beneficiaries of the newly emerging trends in the HVAC and construction industry, the pocket door market has witnessed a steady growth in its remuneration scale over the recent years. The demand for pocket doors has been essentially driven by its aesthetic appeal as these are widely used in home offices, laundry or utility rooms, bathrooms, and closets. Moreover, there has been a considerable shift in the consumer preference, of late, with a growing number of home-buyers opting for smaller living spaces particularly in the newly constructed residential buildings. In this context, major stakeholders in the pocket door industry have been attempting to establish a commendable presence in the emerging and developed nations alike.
U.S. Pocket Door Market, By Product, 2017 & 2024, (USD Million)
Additionally, there has been a surge in the revamp of heritage residential buildings and monuments which has propelled the pocket door market share in the recent times. For instance, the redevelopment project of Homerton Baptist Church in East London included the deployment of pocket door systems of Eclisse, a dominant firm partaking in the global pocket door industry. The renovation of this 1960s establishment has been undertaken to set up suitable halls and rooms to accommodate the growth of church and meet the needs of the local community. With the adoption of such novel construction design and the architectural benefits provided by these products, the commercialization potential of the overall pocket door industry can be termed as highly-promising.
The increasing requirement for space optimization has invariably resulted in the necessity to free up the floor space – a factor that can be termed as being instrumental in strengthening the demand for pocket doors in the construction sector. Various favorable standardized procedures being put in place by international associations such as Windows & Doors Manufacturers Association (WDMA) and American Architectural Manufacturers Association (AAMA) have emerged as the preeminent factors to have driven the pocket door market share in the recent years.
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In this context, the standard practices prescribed by AAMA for installing windows and doors in commercial buildings have been rather helpful in reducing the total costs of manufacturing of sliding doors. These practices aim at maximizing product performance, lowering the instances of callbacks, promoting installation of energy-efficient products, and decreasing the deficiencies in the installation of windows and doors specifically across commercial establishments.
Even though the commercialization scale of the overall pocket door industry seems to have been witnessing a decent uptick in the recent years, it would be prudent to take note of a few limitations of these doors that may hinder the prospective growth of this vertical. Apparently, sliding pocket doors cannot be installed as firmly as conventional doors which results in lack of easy accessibility for anyone suffering from bone disorders that limit the usage of hands. These doors often fall off their tracks, are generally problematic to lock, and require more dexterity to open and shut as compared to user-friendly and well-designed conventional doors. In addition to this, pocket doors are quite ineffective in preventing noise traveling from one room to the next.
With an aim to ward off the adverse impact of the aforementioned restraints on product penetration, prominent firms operating in pocket door market have been making concerted efforts to bring about major changes in the way doors are currently being designed. With the rapid adoption of enhanced security features such as smart access controls and the advent of high-grade automation tools would further aid industry players in overcoming several limitations of pocket doors. Powered by rising investments in commercial and residential construction projects across emerging nations coupled with a drastic shift in consumer preference toward aesthetically superior and premium sliding doors, the remuneration portfolio of the global pocket door industry is anticipated to exceed USD 10 billion by 2024.
Author Name : Saif Ali Bepari
Separation Machinery Market to witness massive progressions from waste water treatment applications, global share to surpass the coveted 100-billion-dollar benchmark by 2024
Separation machinery market has gained an unprecedented advantage within the chemical, material and other industry verticals where separating constituents of a mixture forms an integral part of the entire process. The accelerated industrial development concurrent with the rising population will lead to a tremendous surge in the consumption of utilities like power, water, transportation and communication. Subsequently, the oil & gas segment will be propelled further along with the realization of large scale water treatment. These sectors present a vast opportunity for the separation machinery industry owing to the need for filtering away unnecessary elements or contaminants. The food and healthcare sectors will also be impacted due to the increased population and the separation equipment market will benefit from adoption by companies ranging from consumer product manufacturers to the providers of medical solutions.
U.S. separation machinery market size, by application, 2013 – 2024 (USD Billion)
It is estimated that approx. 80 percent of the waste water globally is released in to the water bodies without treatment, mostly in the emerging economies that lack proper infrastructure, technical capabilities and finance. Essentially, provision of better sanitary services guarantees the lowering of health risks and additional health improvements, which can be achieved thought effective wastewater management. Products offered by the separation machinery market have the potential to help resolve the functional challenges involved in separation of oils, toxic chemicals, bacteria and other impurities during the wastewater treatment procedures.
To promote the processing of waste, government mandates all over the world have laid out the maximum permissible levels of contaminants below which the treated water is deemed suitable for consumption or discharge in the water bodies. Adherence to these regulations by treatment facilities and processing industries will promulgate the separation machinery market worldwide, which garnered a revenue in excess of USD 84.9 billion in 2017.
Expounding the potential of the separation equipment market in wastewater treatment, recently the Kuwait Fund for Arab Economic Development (KFAED) agreed to loan an amount of USD 170 million to the Egyptian government for constructing a water treatment facility. The project is aimed at processing sewage water from habitants in the northeast region to cater to the augmented demand of irrigation water and ensuring the environmental security of the adjacent Lake Manzala. The facility will have a capacity of treating around 5 million cubic meters of water on completion in 2022, where sewage from three towns will be diverted. The KFAED-Egyptian project is an instance that indicates a certain increase in water demand all over the globe and the probability of similar facilities being built in response by countries to supply clean water, which will in turn boost the separation machinery industry.
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The utility of separation apparatus in water treatment and desalination facilities has instigated several innovative designs in the separation machinery market. For example, a group of researchers at the Iran’s Amirkabir University of Technology have developed a desalination machine for purifying water using water membranes. The equipment could come in handy to desalinate large quantities of water to Iranian citizens, as the nation is expected to face a water crisis in the coming years. The team also claims to have designed a desalination machine that can separate heavy metal contaminants from industrial waste water. Such a device is beneficial in eliminating water pollution due to industrial discharge and maintain the ecological balance in the surrounding areas.
Owing to the extensive requirement of separation equipment in supply or expulsion of clean water, the separation machinery market earned the highest remuneration from the water and wastewater segment, which held 20 percent of the overall share in 2017. The segment is expected to deliver additional propulsion to the separation machinery industry in the future, where manufacturing plants, sustainable cities and large establishments may install closed-cycle waters systems for the recycling of waste water.
The separation equipment market has proved to be of vital importance in the healthcare sector, where technological advancements have permitted the incursion of separation systems in most of the medical tests and drug manufacturing processes. Medical centrifuges are essential in the separation of blood cell layers from blood samples, in DNA separation for diagnostic purposes and in many other applications due to their high reliability and cost-effective operations. The practicality of separation equipment in studies pertaining to different branches of life sciences will give a great impetus to the separation equipment market.
With the mounting pressure put on the developed as well as emerging countries by UN to follow waste water treatment and recycling processes, the need for effective separation of pollutants and impurities will drive the separation machinery market growth. Anticipated to witness a 4 percent CAGR over 2018-2024, the market comprises of key players such as SWECO, Alfa Laval Corporate AB, Russel Finex, ACS manufacturing, Ferrum AG among others.
Author Name : Pankaj Singh
Regenerative blowers market to accrue remarkable proceeds from wastewater treatment applications, APAC to witness the fastest growth rate over 2018-2025
With the world treading in the direction of rapid urbanization, the regenerative blowers market is determined to grow with a complementary pace as industries are continuously finding effective applications for blowers that can provide large volumes of air. Essentially, the lifetime cost of owning a regenerative blower can virtually be the same as the cost of buying one. To simplify, the exceptional design of regenerative blowers renders them oil-free and devoid of contacting parts, eliminating the need for part replacements and making them practically a maintenance-free equipment. The guaranteed long-life of these blowers owing to such a unique design has driven the regenerative blowers market, which garnered a revenue of USD 750 million in 2017.
China Regenerative Blowers Market Size, By End-user, 2014 – 2025 (USD Million)
The industrial sector contributes a major chunk to regenerative blowers industry on the account of widespread utilization in segments such as chemical, oil and gas, petrochemicals, cutting and stamping, among others where separation and removal of excessive materials is required. Chemical industry, for instance, applies regenerative blowers for extraction of fumes and emissions formed during various processing and filtering operations. The chemical sector in Europe has elevated to astonishing heights, with the total capital expenditure in the segment increasing from USD 18 billion in 2006 to USD 30 billion in 2016. With the region likely to follow this impressive growth pattern, the regenerative blowers market is expected to be dominated by Europe, accumulating up to 30% of the global share by 2025.
In terms of environmental applications, the regenerative blowers market is gradually being tapped into by engineering and energy companies for activities like wastewater treatment, groundwater sparging, landfill gas recovery, air pollution and air & gas sampling or circulation. Worldwide, the escalating population has coerced governments to implement laws and support products for ensuring a greener future. Massive infrastructure projects as part of the industrialization trend in India and China also support the rising population and generate a need for utility supplies. In accordance, the limited availability of resources like water has pushed countries into establishing large-scale facilities that can recycle or treat waste, including wastewater. The regenerative blowers market in Asia-Pacific is an eminent recipient of prolific earnings from wastewater treatment.
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To elaborate, a report mentions that 400 out of 600 Chinese cities experience water shortages owing to the domestic, industrial and agricultural use by a huge magnitude of inhabitants living in every city. To counter this issue, the Chinese governments had developed plans for implementing sewage treatment facilities in 95% of the cities by 2017 and the progress is ongoing. According to a three-year plan for improving rural environment recently revealed by the government, installing sewage and wastewater treatment plants is of prime importance.
One such plant has been set up in Datangyan Village in the Jiangsu Province, where a sewage treatment network having two treatment devices has been installed. Besides helping the villagers in disposing off sewage and waste water, the plant has been extremely impactful in the aeration of water in Lake Tai, which is one of the biggest freshwater bodies in China. Numerous projects of a similar nature in other Asia-Pacific countries can be envisioned, where regenerative blowers can be employed in wastewater treatment for aeration of sewage, lakes, rivers and other water bodies. Not surprisingly, the Asia-Pacific regenerative blowers market is anticipated to witness the highest growth, with a CAGR of over 5% from 2018 to 2025.
Gasho, Inc. is a company that has been providing engineering solutions for environmental improvements for many years and uses regenerative blowers to develop enhanced systems, for aiding gasoline vapor recovery, soil vapor extraction, wastewater treatment and many other activities. The vast potential for the regenerative blowers market can be further understood by citing other segments that successfully incorporate their efficient technology. Pentair AES is a company that offers regenerative blowers for aquaculture industry. The ability to perform well under water without the risk of damage make these blowers ideal for aquaculture and fish-pond aeration. Innumerable application areas combined with features like low maintenance, reliability, energy efficiency and oil-free operations will fortify the global regenerative blowers market, projected to record a CAGR in excess of 4.5% between 2018-2025.
Overall, the regenerative blowers industry has been a beneficiary of a simple but ground-breaking technique, with more advancements being made by companies to offer even more competent products and capture a sizable market share. The intense competition has led to the introduction of lighter, less noisy and more compact blowers which generate greater capacities using lower power. Becker Pump Corporation, Hitachi Limited, The Spencer Turbine Company, Ametek Inc., Busch LLC, Gardner Denver, Atlantic blowers, Gast Manufacturing, KNB Corporation, Chuan Fan Electric Co. are some of the key contenders in the regenerative blowers market.
Author Name : Pankaj Singh
Hoist Controller Market to witness phenomenal proceeds in APAC, with region anticipated to rule the global landscape over 2018-2025
Hoist controller market is claimed to be a considerably paramount business space, given the agonizing attempts by the researchers toward unlocking the potential of the technology across various off-beat spheres. By 2025, the global hoist market is projected to surpass a valuation of USD 3 billion with a CAGR of 5% over the coming seven years. Overtly, the expansion would leave a synonymous impact on the worldwide hoist controller industry outlook. Electric hoists, in this regard, are slated to contribute immensely to the overall commercialization potential of this vertical. In the year 2017, the electric hoists procured a mammoth 90% of the product landscape and are anticipated to witness an industry share of more than USD 100 million by 2025.
U.S. Hoist Controller Market Size, By Type, 2014 – 2025 (USD Million)
It is prudent to mention that the emerging economies are gaining commendable traction in context of the demand contribution of these controllers. The chief attributing factor is the rapid industrialization in these belts. Endorsed by the rising economic portfolio, APAC stands as one of the strongest avenues for hoist controller market expansion, with an anticipated market share of USD 32 million by 2025. China, India, and Japan are touted to be the chief revenue pockets for the APAC belt, with the expanding construction sector bagging the growth credit.
As per reliable estimates, China construction industry size in 2017 stood at more than 25 trillion yuan, which indeed resulted in an extensive demand for hoist controllers from the cement sector. In fact, the cement sector procured a massive chunk of the overall end-use landscape of this fraternity in 2017. By 2025, the overall handheld hoist controller market size from cement applications is projected to surpass USD 19 million by 2025.
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In addition to the cement sector, another major end-use vertical gaining significant momentum in the market is military. In a recent turn of events, Bluedrop, an acclaimed name in the hoist controller industry made it to the headlines with its launch of virtual reality hoist stimulator. The USD 1.1 million stimulator setting a groundbreaking example of technology interventions in hoist controller market, is deemed to enable training in an affordable, safer, and eco-friendly manner. Reported to be delivered to 12 Wing Shearwater next month, this environmentally viable rescue training simulator is likely to mark its footprint in the military applications of hoist controller industry.
It is prudent to mention that hoist controller market growth is highly ancillary to the increased demand for cranes and hoists across manufacturing domains for material handling purposes. An anticipated trend to watch for remains the rivalry between North America and Asia Pacific in terms of regional contendership. For the record, North America held the second largest share in the global landscape in 2017. The region is forecast to register a revenue of USD 24 million by 2025. A presence of large manufacturing base in tandem with the rising demand for automated hoist controllers will mainly characterize the North America hoist controller market trends.
All in all, persistently channelized by dynamic technological breakthroughs in lifting ecosystem, hoist controller market is set to trigger a consequential transformation over the coming timeframe. In terms of commercialization, the overall business space is slated to cross USD 104 million by 2025.
Author Name : Satarupa De
An overview of Soundproof Curtains Market in terms of the application spectrum: rising product demand from the commercial sector to fuel the industry growth over 2018-2024
Soundproof curtains market has been registering a commendable growth rate in the last few years, owing to the product’s increasing popularity from offices to kids’ rooms and restaurants to home theaters. Fueled by changing lifestyles and the increasing need for soundproof surroundings, the demand for these curtains has been escalating lately. The ongoing infrastructural developments across commercial as well as residential sectors will also have a favorable influence on soundproof curtains industry share.
U.S. Soundproof Curtains Market, By Application, 2017 & 2024, (USD Million)
It is essential to mention that in addition to residential applications, the rapid industrialization across the globe has also been etching a favorable impact on the requirement for these curtains, particularly in huge corporates for reducing workplace stress due to high noise levels. Indeed, this has emerged as one of the popular drivers for soundproof curtains market lately. Owing to the adverse effect of workplace noise generation on health, many employees have been found to raise complaints, despite the provision of sound cutting headphones and earbuds. This led to a major requirement of a wall-like separation for curbing the noise, post which sound absorbing curtain designs gained traction. The increasing popularity of sound absorbing designs for enhancing office productivity is slated to stimulate soundproof curtains market size over the years ahead.
Currently, soundproof curtains are deployed heavily across the residential, commercial, and industrial sectors, and may majorly contribute toward generating growth opportunities for soundproof industry players, a gist of which is elaborated below:
Soundproof curtains market trends across the residential sector:
In an era characterized by enormously changing lifestyles, the masses seem to be giving preference for privacy and discretion. This has naturally led to a spike in the demand for soundproof curtains, especially in home theaters where there is quite some chance for noises to escape into other rooms. Instead of considering the installation of soundproof walls, it has been observed that an effective way to reduce echoes and reverberation, as well as interference from outside noise is to block the sound by installing soundproof acoustical curtains.
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In the U.S., most of the populace, especially in cities, stay closer to an atmosphere surrounded by noise. In accordance, people are just looking forward to deploying soundproofing facilities at their homes, to escape from the jarring, noisy environment. As more of the mainstream population continues to remodel their homes with modern design trends to increase comfort, soundproof curtains market in the U.S. is likely to attain appreciable returns by 2024.
Speaking along the same line, the need for comfort is not restricted solely for adults but also for infants, enabling giants in soundproof curtains market to tap into the lucrative opportunities offered by this vertical. More precisely, newborns are known to be disturbed continuously owing to external noises such as car horns, barking dogs, and door slamming. In this regard, homes, nurseries, and even daycare centers have been working to sound-block kids’ rooms, thereby helping soundproof curtains market carve out a rather profitable growth path over 2018-2024 from sound-blocking curtains. As per estimates, sound-blocking soundproof curtains market size is expected to cross 300 million square meters by the end of 2024.
Soundproof curtains market trends across the commercial sector:
Driven by the interest of many investors in commercial projects in the improvement of design infrastructure, soundproof curtains market is witnessing commendable product demand from the commercial arena. In many restaurants and hospitals, in order to eliminate the generation of harsh echoes and noise from various machinery and equipment, soundproof curtains have been installed on a large scale. The deployment of such curtains seems to help guests who suffer from communication mishaps, thereby propelling soundproof curtains industry share. Further benefits such as customization and easy installation of sound paths to block or reduce the echo and reverberation in a room are also poised to stimulate the market from commercial applications.
Soundproof curtains market trends across the industrial sector:
Working environments in most of the industrial workplaces comprise a high noise level, leading to a negative impact on the health of workers. Taking into consideration the severity of industrial noises from the equipment such as concrete cutters, jack hammers, and other metal working machinery, regulatory organizations are enforcing norms mandating companies to deploy soundproofing facilities. In order to comply with the regulatory framework, on most of the construction sites, temporary noise barriers such as sonic curtains, sound barriers, noise curtains, and noise reduction curtains are extensively being deployed.
This escalating deployment of noise barriers at several constructions cites to reduce the operational noise level is poised to push soundproof curtains market trends. For the record, aided by the growing constructional activities across the globe, soundproof curtains market size from the industrial sector is predicted to register an annual growth rate of more than 6.5% over 2018-2024.
Endowed with a widespread application scope across the residential, industrial, and commercial sectors, the players in soundproof curtains market plan to establish a strong product portfolio to acquire profitable returns. As the global population steers toward increased privacy and solitude, industry giants are getting more lucrative opportunities to install soundproof facilities on large scale. For the record, by the end of 2024, soundproof curtains market will generate revenue of over USD 2.5 billion.
Author Name : Sunil Hebbalkar