Sound Level Meter Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Sound Level Meter Market Trends and Forecast

The future of the global sound level meter market looks promising with opportunities in the factory and enterprise, environment protection, transportation, and research and development (R&D) applications. The global sound level meter market is expected to reach an estimated $1.73 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are continual improvement of smart cities and increasing need for sound level monitoring to prevent noise pollution caused by problems with acoustic pressure.

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Sound Level Meter Market by Segment

The study includes trends and forecast for the global sound level meter market by product type, application, and region, as follows:

Sound Level Meter Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:

• Ordinary Sound Level Meters
• Precision Sound Level Meters

Sound Level Meter Market by Application [Shipment Analysis by Value from 2017 to 2028]:

• Factories & Enterprises
• Environment Protection
• Transportation
• R&D
• Others

Sound Level Meter Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sound Level Meter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, sound level meter companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sound level meter companies profiled in this report include:

• 3M
• Cirrus Research
• Brel & Kjr
• Norsonic
• RION
• Svantek
• Testo SE & Co. KGaA

Sound Level Meter Market Insights

• Lucintel forecasts that ordinary sound meter segment is expected to witness a higher growth over the forecast period due to the widespread application of these meters in residential and commercial spaces.
• Enterprise is expected to witness the highest growth over the forecast period due to the stringent regulation by Occupational Safety and Health Administration (OSHA) for continuous acoustic pressure monitoring in manufacturing units.
• North America will remain the largest region due to the existence of huge industrial units and increasing demand for these meters across a range of end use industries, including aerospace and defense and power generating of the region.

Features of the Sound Level Meter Market

• Market Size Estimates: Sound level meter market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Sound level meter market size by various segments, such as by product type, application, and region
• Regional Analysis: Sound level meter market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different product types, applications, and regions for the sound level meter market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the sound level meter market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the sound level meter market size?
• Answer: The global sound level meter market is expected to reach an estimated $1.73 billion by 2028.
• Q2. What is the growth forecast for sound level meter market?
• Answer: The global sound level meter market is expected to grow with a CAGR of 4.5% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of the sound level meter market?
• Answer: The major drivers for this market are continual improvement of smart cities and increasing need for sound level monitoring to prevent noise pollution caused by problems with acoustic pressure.
• Q4. What are the major segments for sound level meter market?
• Answer: The future of the sound level meter market looks promising with opportunities in the factory and enterprise, environment protection, transportation, and research and development (R&D) applications.
• Q5. Who are the key sound level meter companies?
• Answer: Some of the key sound level meter companies are as follows:
  • 3M
  • Cirrus Research
  • Brel & Kjr
  • Norsonic
  • RION
  • Svantek
  • Testo SE & Co. KGaA
• Q6. Which sound level meter segment will be the largest in future?
• Answer:Lucintel forecasts that ordinary sound meter segment is expected to witness a higher growth over the forecast period due to the widespread application of these meters in residential and commercial spaces.
• Q7. In sound level meter market, which region is expected to be the largest in next 5 years?
• Answer: North America will remain the largest region due to the existence of huge industrial units and increasing demand for these meters across a range of end use industries, including aerospace and defense and power generating of the region.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the sound level meter market by product type (ordinary sound level meters and precision sound level meters), application (factories & enterprises, environment protection, transportation, R&D, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?