The global sound level measurement meter market is expected to be worth US$ 1120 million by 2032, with sales increasing at a 5.1% CAGR from 2022 to 2032. The target market is expected to be worth US$ 682 Million in 2022, up from US$ 650 Million in 2021. Throughout the forecast period, the sound level measurement meter market is likely to rise due to increased demand for remodelling projects and advancements in the residential and commercial construction fields.
The sound level measuring metre, which is typically used for the measurement of acoustics (sound that travels through the air), is fast gaining popularity in the current worldwide market. The metre is a very little device that includes a microphone. The microphone’s diaphragm responds to variations in air pressure caused by sound waves. The rising number of cases of ear obstructions, combined with increased noise pollution, are driving increasing demand for this gadget.
Similarly, due to an increase in the number of automotive owners and users, an increase in the number of jet flights, and an increase in the use of high-power woofers and speakers, there has been a noticeable increase in problems such as stress, hearing, and cardiovascular diseases.
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This amplifies the demand for a sound level measurement meter. In addition to this, the growing number of investments by governments worldwide in order to maintain eco-friendliness is expected to bolster the demand for sound-level measurement meters.
Moreover, an upsurge in the number of noise pollution studies for the quantification of different types of noise, particularly from industries, aircraft, and mining, will likely have a positive impact on the demand for sound level measurement meters.
Additionally, improving standards regarding noise pollution and its control will further drive the demand for sound level measurement meters during the forecast period.
“Rising cases of ear impediments as well as heightened demand for noise pollution control will likely propel the global growth of the sound level measurement meter market over the forecast period,“ says an FMI analyst.
Key Takeaways:
- High costs of the product will likely stunt the market growth.
- The growing demand for noise pollution control will facilitate market prospects.
- The sound level measurement meter market in the Asia Pacific region will register a growth rate of 5.1%.
- Accounting for 35% market share, North America’s sound level measurement meter market will grow at 5% during the forecast period.
Competitive Landscape
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., among others are some of the major players in the sound level measurement meter market profiled in the full version of the report.
Leading market players are focusing on product development and launching new products. These businesses are keen on adopting various organic and inorganic strategies like product upgradation and development as well as product innovation to expand their consumer base.
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More Insights into Sound Level Measurement Meter Market Report
In its latest report, FMI offers an unbiased analysis of the global sound level measurement meter market, providing historical data from 2015 to 2021 and forecast statistics for 2022 to 2032.
To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (ordinary sound level measurement meters, precision sound level measurement meters), application (sound level measurement meters for factories and enterprises, sound level measurement meters for environment protection, sound level measurement meters for transportation, sound level measurement meters for R&D, sound level measurement meters for other applications), and region.
According to the latest FMI reports, based on region, the sound level measurement meter market in the Asia Pacific region will present notable growth due to the availability of several lucrative opportunities. The target market in this region will register a Y-o-Y growth rate of 5.1%.
This growth can be attributed to the extensive usage of the target product in industrial and environmental settings. The presence of key market participants as well as initiatives undertaken by countries like India and China will further propel the growth of the sound level measurement meter market in the Asia Pacific region during the projected period.
North America’s sound level measurement meter market will also demonstrate considerable growth. While the regional target market accounted for a share of 35% in 2021, it is expected that the market will record a growth rate of 5% during 2022-2032.
Factors such as increasing technological advancements in sound level measurement meters and growing industrial, power generation, and aerospace activities in the U.S. will aid the growth of the target market in North America during the forecast period.
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Key Segments Profiled in the Sound Level Measurement Meter Industry Survey
Sound Level Measurement Meter Market by Type:
- Ordinary Sound Level Measurement Meters
- Precision Sound Level Measurement Meters
Sound Level Measurement Meter Market by Application:
- Sound Level Measurement Meters for Factories and Enterprises
- Sound Level Measurement Meters for Environment Protection
- Sound Level Measurement Meters for Transportation
- Sound Level Measurement Meters for R&D
- Sound Level Measurement Meters for Other Applications
Sound Level Measurement Meter Market by Region:
- North America Sound Level Measurement Meter Market
- Latin America Sound Level Measurement Meter Market
- Europe Sound Level Measurement Meter Market
- Asia-Pacific Sound Level Measurement Meter Market
- Middle East and Africa Sound Level Measurement Meter Market
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