Global sound level measurement meter demand is projected to be valued at USD 682 Million in 2022, forecast to grow at a CAGR of 5.1% to be valued at USD 1,120 Million from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 650 Million |
| Expected Market Value (2022) | USD 682 Million |
| Anticipated Forecast Value (2032) | USD 1,120 Million |
| Projected Growth Rate (2022 to 2032) | 5.1% CAGR |
A sound level measurement meter is used for the measurement of acoustics (sound that travels through the air). It is a very small device with a microphone. The diaphragm of the microphone reacts to changes in the air pressure that are produced by sound waves.
Owing to the growing number of automobile users, increase in the number of jet planes and rise in the usage of woofers & speakers with high power, there has been a significant increase in problems such as stress, hearing, and cardiovascular diseases
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An increase in the number of investments by governments to maintain eco-friendliness is boosting the demand for sound level measurement meter. In addition, an increase in the number of noise pollution studies for the quantification of different types of noise, especially from the industries, aircraft, and mining, is likely to boost the demand for sound level measurement meter.
Moreover, increasing standards related to noise pollution are expected to spur the demand for sound level measurement meter.
Despite several benefits, sound level measurement meter pose several challenges such as the high cost incurred in the development of sound level meter. This is one of the critical factors hampering the growth of the sound level meter market. Efforts are being taken by several corporations to enhance their research and development activities to present innovations in this field.
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The Asia Pacific is likely to be the fastest-growing market throughout the projection period owing to widespread usage in the industrial and environmental fields. Generally, the Sound Level Meter industry market is low pondered as the manufacturing technology of Sound Level Meter is comparatively immature.
Furthermore, some key players, like Bruel and Kjaer, Cirrus Research, TSI-Quest, etc. are well-recognized for the ideal performance of their Sound Level Meter. Likewise, China bagged a 29% sales market share in 2018, which is outstanding in the global Sound Level Meter industry owing to the lowest cost of raw materials and labor.
Based on a recent analysis, the APAC Sound Level Measurement Meter market evaluated nearly USD 390 Million in 2021 and is projected to expand to nearly USD 680 Million by the end of the forecast period. During this period, the Y-O-Y growth rate is likely to stay close to 5.1%.
Based on geographical contribution, the North American region captured nearly 35% market share in 2021 and is likely to maintain its dominance in the forecast period. This market growth is driven by the recent advancements in the sound level measurement meter available in the North American region, especially the USA, which are estimated to witness significant market growth over the forecast period.
This can be attributed to the fact that the USA region is the largest market for industrial phase, power generation, and aerospace & defines activities, the sound levels of which need to be continuously monitored. The aforesaid market is projected to project a growth rate of 5% during the conjecture period.
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Some of the key participants present in the global demand of the Sound Level Measurement Meter market include 3M Company, Norsonic AS, Svantek, Inc., Testo SE & Co. Kgaa, CIRRUS Research Plc., Tes Electrical Electronic Corp., Nti Audio, Casella, Inc., Bruel & KJR, Rion Co., Ltd., and others and other sound level measurement meter manufacturers, among others.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2022 to 2032 |
| Market Value (2022) | USD 682 Million |
| Market Value (2032) | USD 1,120 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; The Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Poland, Russia, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | 3M Company; Norsonic AS; Svantek, Inc.; Testo SE & Co. Kgaa; CIRRUS Research Plc.; Tes Electrical Electronic Corp.; Nti Audio; Casella, Inc.; Bruel & KJR; Rion Co., Ltd. |
| Customization | Available Upon Request |
FMI projects the global demand of the sound level measurement meter market to expand at a 5% value CAGR by 2032
North America is expected to be the most opportunistic Sound Level Measurement Meter market, expanding at a 5% CAGR
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Ordinary Sound Level Measurement Meters 5.2. Precision Sound Level Measurement Meters 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Factories & Enterprises Sound Level Measurement Meters 6.2. Environment Protection Sound Level Measurement Meters 6.3. Transportation Sound Level Measurement Meters 6.4. R&D Sound Level Measurement Meters 6.5. Others Sound Level Measurement Meters 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. MEA 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. 3M Company 16.2. Norsonic AS 16.3. Svantek, Inc. 16.4. Testo SE & Co. Kgaa 16.5. CIRRUS Research Plc. 16.6. Tes Electrical Electronic Corp. 16.7. Nti Audio 16.8. Casella, Inc. 16.9. Bruel & KJR 16.10. Rion Co., Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
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Sound Level Measurement Meter Market
