Noise Monitoring Systems Market Expected To Reach $ 986.50 Million
New York, United States, January 11, 2022 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), “Noise Monitoring Systems Market information by surveillance system, by surveillance method, by application and by region – forecast to 2027”To reach $ 986.50 million, with a compound annual growth rate of 4.32% by 2027.
The market for noise monitoring systems is strongly driven by occupational hearing loss which is mainly found in occupations such as those related to manufacturing and aviation. Government regulations regarding noise levels in these industries have stimulated the need for such systems. Controlling noise pollution levels with regular monitoring has become the cornerstone for ensuring employee satisfaction and safety, thus adding positive opportunities for the market during the forecast period.
The Major Key Players in the Covered Noise Monitoring Systems Market are:
- Pulsar Instruments (United Kingdom)
- RION Co. Ltd. (Japan)
- Bruel & Kjaer (Denmark)
- 3M Company (United States)
- Cirrus Research Plc (United Kingdom)
- SKF Group (Sweden)
- Extech Instruments (United States)
- Castle Group Ltd. (UK)
- Casella Inc. (United States)
- Kimo Instrument (Japan)
- B&K Precision Corporation (United States)
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USP market exclusively encompassed:
Growing demand at the airport to drive market growth
The growing need for noise monitoring systems in the transportation industry, especially at airports, will drive the market growth. It is used at the airport to reduce noise from flight operations in the surrounding community. These systems are used to evaluate noise reduction programs and to develop aircraft departure and arrival procedures that minimize the impact of aircraft noise depending on the time of day, flight path and altitude.
High investment to act as a market constraint
The high investments required for a large number of implementations, coupled with the lenient approach of local authorities to noise monitoring in developing countries, may constitute market constraints during the forecast period.
Concerns for data security to act as a market challenge
Concerns over cloud data security, distance of the noise monitoring device from the source, and expensive implementation may be market challenges during the forecast period.
Browse the in-depth market research report (100 pages) on the Noise Monitoring Systems Market:
Market segmentation covered by research:
The global noise monitoring systems market is segmented on the basis of monitoring system, by monitoring method, component and component.
By monitoring system, the global noise monitoring systems market is segmented into portable noise monitoring system, semi-permanent noise monitoring system, and permanent noise monitoring system.
Through the monitoring method, the long-term monitoring segment will dominate the market during the forecast period for the increasing adoption of noise monitoring in industries such as construction sites, hospitals, roadways. iron, industrial and road traffic.
By component, the global noise monitoring systems market is segmented into software services, hardware services, and others.
By application, the industrial segment will dominate the market during the forecast period at a high CAGR. The increasing adoption of noise control and monitoring policies by industries across the world is adding to the growth of the segment.
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Europe becomes the spearhead of the noise monitoring systems market
Europe will spearhead this market during the forecast period. The presence of major industry participants, strict government rules regarding compliance with noise policies, businesses in the region requiring little maintenance and monitoring noise levels to avoid heavy penalties, governments in the region focusing on the level of noise generated by manufacturing plants and industries, which enables better monitoring devices, and companies constantly upgrade and monitor their products and model them with advanced technology add to market growth global noise monitoring systems in the region.
North America to See Noticeable Growth in Noise Monitoring Market
North America will experience notable market growth during the forecast period. The government of the region, which strictly focuses on the level of noise generated by industries and manufacturing plants, is helping in the growth of the global market for noise monitoring systems in the region.
Impact of COVID-19 on the Global Noise Monitoring Systems Market
The COVID-19 pandemic has had a negative effect on the noise monitoring systems market. The government-imposed lockdown has prevented people from leaving their homes. This has resulted in the closure of stores, businesses and industries and lower demand in the market for noise monitoring systems. At that time, only the essential was privileged. Trade across different countries and imports and exports have also been banned. All of this had a direct impact on the growth of the market. The vaccination has started and this should normalize the situation. In addition, all of these companies provide an additional advantage to the noise monitoring systems market which provides additional functionality to the industrial safety and hygiene equipment markets. Such measures are designed to enhance the growth of the noise monitoring systems market.
The global noise monitoring systems market is fragmented and also competitive for the presence of various international and domestic key players. These players have integrated innovative strategies to stay ahead of the curve and also respond to growing customer demand, including collaborations, contracts, partnerships, joint ventures, geographic expansions and new product launches, etc.
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