Global sound level measurement meter demand is projected to be valued at US$ 682 Million in 2022, forecast to grow at a CAGR of 5.1% to be valued at US$ 1,120 Million from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
Acoustics are measured using a sound level measurement device (sound that travels through the air). It has a microphone and is a very small device. Sound waves cause changes in air pressure, which the microphone’s diaphragm responds to.
There has been a marked rise in issues like stress, hearing loss, and cardiovascular diseases due to the rising number of car owners, the rise in the use of jet planes, and the use of woofers and speakers with high power.
Due to its widespread application in the industrial and environmental sectors, the Asia Pacific region is predicted to have the fastest growth rate during the projection period. Since Sound Level Meter manufacturing technology is still relatively young, the market for this industry is generally under-researched.
In addition, a few important players—Bruel and Kjaer, Cirrus Research, TSI-Quest, etc.—are well known for the flawless operation of their sound level meters. Due to its low cost of labor and raw materials, China also secured a 29% sales market share in 2018, which is exceptional in the global Sound Level Meter market.
Based on a recent analysis, the APAC Sound Level Measurement Meter market evaluated nearly US$ 390 Mn in 2021 and is projected to expand to nearly US$ 680 Mn by the end of the forecast period. During this period, the Y-O-Y growth rate is likely to stay close to 5.1%.
Based on geographical contribution, the North American region captured nearly 35% market share in 2021 and is likely to maintain its dominance in the forecast period. The U.S. in particular, which is predicted to experience significant market growth over the forecast period, has recently made improvements to the sound level measurement meter that are driving this market growth.
This is explained by the fact that the United States is the largest market for activities requiring continuous sound level monitoring, such as industrial phase, power generation, and aerospace & definitions. A 5% growth rate is anticipated for the aforementioned market during the conjecture period.
Key Players:
- 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.
