Summary
A New Market Study, titled “Noise Monitoring System Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
Market Analysis
The global noise monitoring system market is predicted to touch USD 844 million at a 4% CAGR between 2017- 2023 states the recent Market Research Future (MRFR) analysis. Noise monitoring devices, simply put, are gadgets that are dedicated to measuring the noise level in different applications like hospitals, industries, and others. Such devices help to reduce noise-related health risks at workplaces. Industrial noise, outdoor noise, rail noise, mining noise, traffic noise, construction noise, and others are its different applications.
Various factors are propelling the global noise monitoring system market share. As per the current MRFR report, such factors include the growing significance to maintain noise level in the workplace, strict government regulation to limit noise exposure, need to reduce noise pollution in urban areas, burgeoning demand for noise monitoring systems at transportation industry especially the airport, need for noise monitoring infrastructures in harbor, petrochemical industry, wind plant, and mining, increasing installation of all-in-one environmental monitoring solutions, and need for occupational hearing impairment in industries.
On the contrary, lack of enforcement of proper law implementation, workplace negligence, and COVID-19 impact are factors that may limit the global noise monitoring system market growth over the forecast period.
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global noise monitoring system market based on applications, monitoring method, component, and monitoring system.
By monitoring system, the global noise monitoring system market is segmented into permanent noise monitoring system, semi-permanent noise monitoring, portable noise monitoring system, and others.
By monitoring methods, the global noise monitoring system market is segmented into long-term monitoring, short-term monitoring, and others. Of these, long-term monitoring will lead the market over the forecast period.
By component, the global noise monitoring system market is segmented into services, hardware, software, and others.
By applications, the global noise monitoring system market is segmented into industrial noise, outdoor noise, rail noise, mining noise, traffic noise, construction noise, and others. Of these, industrial noise will have a major share in the market over the forecast period.
Regional Analysis
Based on region, the global noise monitoring system market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The government in this region is strictly concentrating on the noise level that is generated by manufacturing plants and industries that are boosting the need for better monitoring devices that are adding to the global noise monitoring system market growth in the region.
The global noise monitoring system market in Europe is predicted to hold the second-largest share over the forecast period. Businesses constantly monitoring and upgrading their products and modelling the same with advanced technology coupled with strict government rules regarding noise policy adherence are adding to the noise monitoring system market growth in the region.
The global noise monitoring system market in the APAC region is predicted to grow at a fast pace during the forecast period. Increasing use in mining operations, motorsport complexes, wind farms, airports, industrial facilities, and others coupled with the presence of manufacturing plants and industries is adding to the global noise monitoring system market growth in the region.
The global noise monitoring system market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Leading players profiled in the global noise monitoring system market report include B&K Precision Corporation (U.S.), Kimo Instrument (Japan), SKF Group (Sweden), Casella Inc. (US), Castle Group Ltd. (U.K), Cirrus Research Plc (U.K), Bruel & Kjaer (Denmark), RION Co. Ltd. (Japan), 3M Company (U.S.), Pulsar Instruments (U.K), and Extech Instruments (U.S.).
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