[300 Pages Report] The global noise monitoring devices market is expected to be valued at USD 735 Million in 2022. The increased need for noise monitoring devices in mining, wind farms, the petroleum sector, and ports is expected to propel the noise monitoring devices market forward. The overall demand for noise monitoring devices is projected to grow at a CAGR of 5% between 2022 to 2032, totaling around USD 1,198 Million by 2032.
Data Points | Key Statistics |
---|---|
Noise Monitoring Devices Market Value 2022 | USD 735 Million |
Noise Monitoring Devices Market Projected Value (2032) | USD 1198 Million |
Noise Monitoring Devices Market CAGR (2022 to 2032) | 5% |
Noise monitoring devices are devices that measure the amount of noise in various applications such as industry, hospitals, and others. These gadgets aid in the reduction of noise-related health concerns in the workplace.
The burgeoning occupational hearing impairment in industries, stringent government policies, demand for reducing noise pollution in urban areas, need for noise monitoring devices at airports to optimize profit and capacity, rising installation of all-in-one environmental monitoring solutions, and requirement of noise monitoring infrastructures in mining, wind plants, petrochemical industry, and harbor.
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The global demand for noise monitoring devices is projected to increase at a CAGR of 3.7% during the forecast period between 2022 and 2032, reaching a total of USD 2.63 Million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 1.6%.
The high prevalence of occupational hearing loss is propelling the growth of the noise monitoring devices Market. Hearing loss is ranked as the world's fourth most severe handicap. This element contributes to a growing global awareness of the growing need for accessible hearing care.
According to the estimates, there are presently over 466 million individuals worldwide who suffer from hearing loss. Rising worker safety concerns in industries such as oil and gas, mining, chemical, healthcare, transportation, and other industrial sectors are driving noise monitoring devices trends. The rising occurrence of industrial injuries is one of the world's significant issues today.
Upgrading Of All the Major Enterprises to Accelerate the Market Growth
The global market for noise monitoring devices is expanding rapidly. The noise monitoring devices market offers several advantages for measuring and managing noise levels. The upgrading of all the major enterprises is what drives the market. Furthermore, in the industry, there are continual momentum games that influence the market with innovative technology.
The global market for noise monitoring devices is rapidly expanding. The videos of Portuguese data existing in the noise monitoring devices market have the greatest CAGR, which is predicted to expand further in South Asia in the next years. The use of ethernet and cellular communication removal data storage devices weather sensors interface AC battery or solar power, and other technologies are growing. All of this implies an increase in demand for the noise monitoring devices market.
A Lack of Enforcement of Effective Legislation Implementation in Emerging Nations to Restrain the Market Growth
The primary factors inhibiting the growth of the noise monitoring device market are workplace carelessness and a lack of enforcement of effective legislation implementation in emerging nations.
Increasing Workplace Hearing Impairment Incidences to Fuel the Market Growth
The noise monitoring devices market in North America is expected to accumulate the highest market share of 28.9% in 2022. North America will dominate the noise monitoring device market from 2022 to 2032.
Increasing workplace hearing impairment incidences in industrial areas, imposition of stringent government rules and norms related to noise pollution, demand for reducing noise pollution in private property areas, and need for customized noise monitoring devices & software for retail users are the major factors driving the market's growth in the North American region.
Rising Noise Pollution in the Region to Fuel Market Growth
The noise monitoring devices market in Asia-Pacific is expected to accumulate a significant market share of 13% in 2022 and is expected to continue to maintain the trend over the forecast period as well.
During the forecast period, the Asia Pacific region is predicted to be the fastest-expanding sector in the noise monitoring devices market. Rising noise pollution and increased government pressure to regulate noise pollution are the primary drivers driving the APAC region's growth.
Presence of Major Key Players in the Region to Widen Prospects
The noise monitoring devices market in Europe is expected to accumulate a market share value of 21.7% in 2022. Over the projected period, Europe's noise monitoring device market is predicted to dominate the industry.
The presence of key industry players characterizes the expansion of the sector. The European government is quite strict on noise policies. To avoid significant penalties, businesses in this region must maintain and monitor noise levels on a regular basis.
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The Industries Vertical Application Segment to Drive the Noise Monitoring Devices Market
The noise monitoring devices market is segmented by vertical application in railways applications, airports applications, recreational areas applications, industries applications, hospitals applications, residential areas applications, construction sites applications, road traffic applications, commercial applications, and other applications.
From 2022 to 2032, the noise monitoring devices market for industrial applications is predicted to develop at the fastest rate. The cause for this rapid expansion is the rising adoption of noise monitoring regulations by businesses all over the world.
The government's increasing emphasis on public health and safety has compelled enterprises to control factory noise and offer adequate noise-reducing equipment to personnel working in high-noise zones. This has also broadened the market for noise monitoring devices.
With growing noise pollution and government restriction, it has become really important to keep tabs on the noise levels around us. Hence, demand for noise monitoring devices is increasing and to meet the demand the market has ample new start-ups, some of which are mentioned below:
Prominent players in the noise monitoring devices market are Honeywell International Inc., Casella Inc., FLIR Systems, RION Co. Ltd., CESVA INSTRUMENTS SLU, ACOEM Group, Pulsar Instruments, SKF Group, PCE Instruments, Brüel & Kjaer, Cirrus Research Plc, NTi Audio, Larson Davis, Svantek, and KIMO are among others.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5% from 2022 to 2032 |
Market Value in 2022 | USD 735 Million |
Market Value in 2032 | USD 1,198 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Vertical Application, Component, Connectivity, Type of Noise, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, GCC Countries, South Africa, Israel |
Key Companies Profiled | 3M Communications; SINUS Messtechnik GmbH; Honeywell International Inc.; Casella Inc.; Forward Looking InfraRed (FLIR) Systems; RION Co. Ltd.; CESVA INSTRUMENTS SLU; ACOEM Group; Pulsar Instruments; SKF Group (Svenska Kullagerfabriken); PCE Instruments; Brüel & Kjaer; Cirrus Research Plc.; NTi Audio (New Technologies in Audio); Larson Davis; Savntek; Kommunernes International Miljoorganisation (KIMO) |
By 2022-end, sales of noise monitoring devices closed at a value of USD 735 Million
From 2016 to 2021, noise monitoring devices demand expanded at a CAGR of 4.2%
From 2022 to 2032, noise monitoring devices sales are expected to flourish at a CAGR of 5%
By 2032, the market value of noise monitoring devices is expected to reach USD 1,198 Million
1. Executive Summary | Noise Monitoring Devices Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Vertical Application 5.1. Railways 5.2. Airports 5.3. Recreational Areas 5.4. Industries 5.5. Hospitals 5.6. Residential Areas 5.7. Construction Sites 5.8. Road Traffic 5.9. Commercial 5.10. Others 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Component 6.1. Hardware 6.2. Software 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Connectivity 7.1. ETHERNET 7.2. WI-FI 7.3. USB CABLE 7.4. CELLULAR 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Type of Noise 8.1. Class 1 Standard Devices 8.2. Class 2 Standard Devices 9. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. MEA Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. 3M Communications 17.2. SINUS Messtechnik GmbH 17.3. Honeywell International Inc. 17.4. Casella Inc. 17.5. FLIR Systems 17.6. RION Co. Ltd. 17.7. CESVA INSTRUMENTS SLU 17.8. ACOEM Group 17.9. Pulsar Instruments 17.10. SKF Group 17.11. PCE Instruments 17.12. Brüel & Kjaer 17.13. Cirrus Research Plc 17.14. NTi Audio 17.15. Larson Davis 17.16. Svantek 17.17. KIMO 18. Assumptions & Acronyms Used 19. Research Methodology
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