(MENAFN- GetNews) Power generation end-user industry to grow at highest CAGR during 20202025
The NVH testing market for the power generation industry is expected to register the highest CAGR during the forecast period. The implementation of stringent legislative obligations placing high pressure on OEMs to design and manufacture equipment with low noise levels is one of the major factors leading to the growth of the NVH testing market for the power generation end-user industry.
Other applications to dominate NVH testing market in 2020
The other applications segment is expected to hold the largest market share in 2020. Other applications include torsional vibration testing, modal analysis, ground vibration testing, impact hammer testing, powertrain NVH testing, transient acoustic holography, and psychoacoustic testing. These applications are collectively expected to drive the growth of the NVH testing market. NVH testing solutions are adopted for these applications in different industries, including power generation, consumer electronics, and industrial equipment.
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North America to hold largest share of NVH testing market in 2019
In terms of value, North America is expected to dominate the NVH testing market in 2020. It is the most technologically advanced region wherein major automotive and aerospace & defense companies have their manufacturing plants and offices; this factor has resulted in the increased demand for NVH testing solutions in this region. North America is witnessing an increasing demand for premium cars with advanced infotainment systems. A significant portion of semiconductor content is consumed by these luxury cars for enhanced safety, comfort, and connectivity features within vehicles.
National Instruments (US), BRÜEL & KJÆR (Denmark), Siemens PLM Software (US), Head Acoustics (Germany), imc Test & Measurement (Germany), Dewesoft (Slovenia), (US), GRAS Sound & Vibration (Denmark), Prosig (UK), m+p international (Germany), Signal.X (US), Honeywell (US), ESI Group (France), Thermotron (US), Erbessed Reliability (US), Kistler Group (Switzerland), IMV Corporation (Japan), Econ Technologies (China), Polytec (Germany), and Benstone Instruments (US) are the major companies dominating the NVH testing market.
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