“Noise Monitoring Market by Sampling Method (Short-term, Long-term, & Permanent Monitoring), precision Type (Class 1 & Class 2), Connectivity (Wi-Fi, Cellular, Ethernet, & USB), Solution (Hardware, Software, & Service), Application, and Geography – Global Forecast to 2023″, this market is expected to be valued at USD 806.5 Million by 2023, at a CAGR of 4.1% between 2017 and 2023
The long-term noise monitoring market is expected to grow at the highest rate between 2017 and 2023. The growth of this segment in the noise monitoring market can be attributed to the increasing adoption of noise monitoring in sectors such as road traffic, industrial, railways, hospital, and construction sites.
The class 1 noise monitoring device is expected to hold the largest share of the global noise monitoring market during the forecast period. The high accuracy level and adoption of the device in critical industries, such as airport, manufacturing, mining, and others are the major reasons for the market growth.
The noise monitoring service market is expected to grow at the highest rate between 2017 and 2023. The major reason for the growth of service market in noise monitoring is the trend of rental services in different sectors such as industrial, residential, construction site, hospital, recreational area, and acoustic management.
The noise monitoring market for industrial application is expected to grow at the highest rate during the forecast period. The reason for this highest growth is the increasing adoption of noise monitoring policies by companies worldwide. The rising pressure from the government for public health and safety has enforced the industries to regulate the noise generated in factories and provide appropriate noise-reducing devices to employees working in high-noise zones. This has also expanded the noise monitoring service market where service providers offer noise-monitored data at regular intervals in specific areas.
The noise monitoring market in Europe is expected to grow at the highest rate during the forecast period. The main reason behind this trend is its increasing adoption rate in countries such as the UK, France, Germany, Denmark, Sweden, and Spain. The governments in Europe are very stringent regarding adherence to noise policies. The companies in the region need to regularly monitor the noise level to avoid heavy penalties.
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