The global demand for noise monitoring devices market is

NEWARK, Del: , Oct. 31, 2022 (GLOBE NEWSWIRE) — The global noise monitoring device market is expected to reach a valuation of US$1,198 million in 2032, with sales growing at a moderate CAGR of 5% from 2022 to 2032 Forecasted to reach approximately US$735 million by the end of 2022, the target market is propelled by the rising incidence of occupational hearing impaired across various industries. Rising demand for noise pollution abatement and favorable government policies are further contributing to the growth of the noise monitoring devices market over the forecast period.

Devices that measure noise level in a myriad of applications such as industry, hospitals, and many more fall under the category of noise monitoring devices. These tools help reduce noise-related health problems in the workplace and in other areas as well.

Rising number of cases of occupational hearing loss in industries has boosted the demand for noise monitoring devices. The increase in noise pollution and other noise-related issues has resulted in the implementation of strict government policies which in turn boost the sales of the target market.

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Again, the growing demand for reducing noise pollution in urban areas, the need for noise monitoring instruments at airports, the increasing installation of all-in-one environmental monitoring solutions, and the need for noise monitoring infrastructure in mining, wind turbines, petrochemical industry, port and others are contributing to the growth of the target market in 2022-2032.

Since noise monitoring devices offer several advantages to measure and manage noise levels, their market is expected to grow rapidly over the next few years. Upgrading of all major companies is a major driver of market growth. Also, in the target industry, there are constant momentum games with innovative technology which are likely to impact the global market. All these considerations including several others contribute to the growth of the target market over the forecast period.

“Rising cases of occupational hearing loss along with upgrading of large enterprises are likely to spearhead the global noise monitoring devices market growth during the forecast period,” says an analyst from the IMF.

Key points to remember:

  • Lack of proper legislation and its implementation will hamper the overall market growth.
  • The noise monitoring devices market in North America will hold around 28.9% of the overall market share in 2022.
  • Europe will hold around 21.7% of the noise monitoring devices market share in 2022.
  • The noise monitoring devices market in Asia-Pacific will hold 13% of the global market share by the end of 2022.
  • By vertical application, the industrial segment will register the fastest growth.

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Competitive landscape

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 among others are some of the key players of Noise Monitoring Devices market profiled in the comprehensive version of the report.

The major players in the market are focusing on product development and new product launches. These companies use tactics such as mergers, acquisitions, and collaborations to strengthen their position in the market.

More information about the Noise Monitoring Devices market report

In its latest report, FMI offers an unbiased analysis of the Global Noise Monitoring Devices Market, providing historic data from 2016 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market , the market is segmented on the basis of vertical application (railways, airports, recreation areas, industrial applications, hospitals, residential areas, construction sites, road traffic, commercial applications and other applications), component (material of noise monitoring, noise monitoring software), connectivity (ethernet- Wi-Fi based, USB cable-based, cellular-based), type of noise (Class 1 noise monitors 51, class 2 noise monitoring 52) and region.

According to the latest IMF reports, based on segmentation, the industrial vertical applications segment is expected to dominate the market in 2022-2032. The industrial application segment will register the fastest growth rates owing to the rapid implementation of noise monitoring regulations by various companies across the globe.

Based on the region, the noise monitoring devices market in North America is expected to exhibit significant growth over the assessment period. The target market in this region is expected to acquire the highest share of 28.9% by the end of 2022. Rising incidence of hearing impairments in the workplace, implementation of strict government mandates on noise pollution and demand for custom noise monitoring devices and software are driving growth. of the target market in this region. In addition to North America, Asia-Pacific and Europe will also witness notable growth in the noise monitoring devices market over the forecast period.

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Key segments covered in the Noise Monitoring Devices industry analysis

Noise Monitoring Devices Market by Vertical Application:

  • Noise monitoring devices for railways
  • Noise monitoring devices for airports
  • Noise monitoring devices for recreation areas
  • Noise monitoring devices for industries
  • Noise Monitoring Devices for Hospitals

Noise Monitoring Devices Market by Component:

  • Noise monitoring equipment
  • Noise monitoring software

Noise Monitoring Devices Market by Connectivity:

  • Ethernet-based noise monitoring devices
  • Noise monitoring devices based on Wi-Fi 55
  • USB Cable Based Noise Monitoring Devices
  • Cell-Based Noise Monitoring Devices

Noise Monitoring Devices Market by Noise Type:

  • Class 1 Standard Noise Monitoring Devices 51
  • Standard Class 2 Noise Monitors 52

Noise Monitoring Devices Market by Region:

  • North America Noise Monitoring Devices Market
  • Latin America Noise Monitoring Devices Market
  • Europe noise monitoring devices market
  • Asia-Pacific Noise Monitoring Devices Market
  • Middle East & Africa Noise Monitoring Devices Market

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.2. Scenario forecast

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s analysis

The table of contents continues..!

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