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Noise Detection and Monitoring Market to Grow by USD 7.19 Billion (2024-2028) as New Product Launches Drive Revenue; AI-Powered Market Evolution Report – Technavio

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NEW YORK, Oct. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global noise detection and monitoring market size is estimated to grow by USD 7.19 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.85% during the forecast period. Increased number of new product launches is driving market growth, with a trend towards integration of wireless connectivity in noise detection and monitoring devices. However, data privacy and security concerns poses a challenge. Key market players include 3M Co., ACOEM Group, Acoustics Noise and Vibration Ltd, Amphenol Corp., B and K Precision Corp., Bruel and Kjaer, Castle Group Ltd., CESVA INSTRUMENTS SLU, Cisco Systems Inc., EXAIR LLC, Honeywell International Inc., HT Italia SrL, Instrumex, NTi Audio AG, PCE Holding GmbH, Pulsar Instruments Plc, Sauermann Group, SINUS Messtechnik GmbH, SVANTEK, and Testo SE and Co. KGaA.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Industrial and Commercial), Component (Hardware and Software), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

3M Co., ACOEM Group, Acoustics Noise and Vibration Ltd, Amphenol Corp., B and K Precision Corp., Bruel and Kjaer, Castle Group Ltd., CESVA INSTRUMENTS SLU, Cisco Systems Inc., EXAIR LLC, Honeywell International Inc., HT Italia SrL, Instrumex, NTi Audio AG, PCE Holding GmbH, Pulsar Instruments Plc, Sauermann Group, SINUS Messtechnik GmbH, SVANTEK, and Testo SE and Co. KGaA

Key Market Trends Fueling Growth

Wireless and portable noise detection and monitoring solutions provide businesses with greater flexibility in deploying devices at various locations, including remote or temporary sites, without the need for extensive wiring or infrastructure. These solutions require minimal infrastructure investments, reducing installation costs, and offer scalability to expand monitoring networks as needed. Real-time monitoring enables prompt action in critical situations, such as occupational safety or regulatory compliance. Portable devices are user-friendly and accessible, catering to businesses seeking easy-to-use, on-the-go solutions. The rising demand for wireless and portable noise detection and monitoring devices is significantly driving the growth of the global market. 

The Noise Detection and Monitoring market is experiencing significant growth due to rising sound pollution levels in both commercial and residential areas. Medium-term and long-term monitoring solutions are in high demand, with sound level meters and noise dosimeters being popular choices. WIFI and Ethernet connectivity enable real-time data transmission for effective noise management. Battery-based portable noise monitors offer flexibility. Noise Pollution negatively impacts human-health, leading to heart diseases, cardiovascular problems, cognitive impairment, stress, diabetes, anxiety, and depression, among other chronic diseases. Regulatory acts mandate noise monitoring in various sectors, including the health sector and urbanization. Noise Emissions from industries, traffic, and construction sites require continuous monitoring. Smart City projects prioritize noise reduction as part of their Corporate Responsibility. Cost of implementation and integration difficulties are challenges, but the benefits to human-health and the environment outweigh the costs. Component suppliers focus on hardware and software innovations for building acoustics and portable noise monitoring. Standardization efforts are ongoing to ensure interoperability and accuracy. Applications in healthcare and wildlife conservation continue to expand. 

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Market Challenges

The noise detection and monitoring market is witnessing significant growth due to the increasing use of Internet of Things (IoT) and connectivity in noise detection devices. However, ensuring data privacy and protection against cyber threats is crucial for companies offering these devices. Noise detection devices generate vast amounts of audio data, which must be processed, analyzed, and interpreted using advanced software. This data may inadvertently capture conversations or other sensitive personal information, raising concerns about unauthorized access or misuse. Moreover, some noise detection systems can identify individuals or specific devices based on their unique noise patterns, potentially leading to privacy breaches. To mitigate these risks, companies must implement data security measures and comply with relevant data protection regulations. By addressing these concerns, the noise detection and monitoring market can continue to grow and provide valuable insights into noise levels, patterns, and sources.The Noise Monitoring Industry is witnessing significant growth due to increasing concerns over sound pollution from various sources like machines, speakers, horns, and music systems. Challenges such as environmental impact, occupational safety, urbanization, and noise emissions call for effective noise detection and monitoring solutions. Smart City projects are driving the market, with corporate responsibility playing a crucial role. However, cost of implementation and integration difficulties pose challenges. Portable noise monitoring solutions, including hardware and software, are gaining popularity due to their flexibility. Core competencies of key players include building acoustics, sampling method, precision type, connectivity, and solutions. Component suppliers provide essential components like microphones and sound level meters. Alliances, directories, databases, and subsegments like permanent and short-term monitoring contribute to the market’s growth. Limited standardization and component availability are key issues. Advanced technologies like artificial neural networks and sound level meters with wind noise suppressors enhance precision. Dosimeters and sound level meters are essential tools for human health and wildlife protection. The market encompasses a wide range of applications, from healthcare to urban planning.

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Segment Overview

This noise detection and monitoring market report extensively covers market segmentation by

End-user1.1 Industrial1.2 CommercialComponent2.1 Hardware2.2 SoftwareGeography3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Industrial- The global noise detection and monitoring market caters to various industries, with significant demand coming from manufacturing, oil and gas, mining, construction, and aerospace sectors. These industries have large workforces exposed to loud noises from tools like drills, chainsaws, detonators, and pneumatics. Prolonged exposure to these high-decibel environments can lead to permanent hearing loss. In response, employers provide PPE and monitor noise levels to adhere to safety regulations. The manufacturing industry, in particular, accounts for a large share of the market due to its noisy tasks such as grinding, blasting, drilling, hammering, drop forging, and crushing. To address this issue, vendors offer innovative solutions like Honeywell’s in-ear dosimetry system, which measures noise levels reaching the eardrum for real-time tracking and documentation of potential hearing loss. This focus on worker safety and regulatory compliance is expected to fuel the growth of the global noise detection and monitoring market during the forecast period.

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Research Analysis

The Noise Detection and Monitoring Market encompasses solutions that identify and measure noise levels in various environments to mitigate their adverse impacts. Driven by growing concerns over Environmental Impact and Occupational Safety, this industry is witnessing significant growth due to Urbanization and increasing Noise Emissions from machines, speakers, music systems, horns, and other devices. Smart City projects are integrating noise monitoring systems to ensure a livable urban environment. Corporate Responsibility and applications in Healthcare are also fueling the demand for accurate and precise noise monitoring solutions. However, the cost of implementation and integration difficulties pose challenges to the industry’s growth. Limited standardization and sampling methods also impact the market’s expansion. Core competencies of key players include connectivity, solution offerings, and alliances. The noise monitoring industry aims to protect human health and wildlife from the detrimental effects of noise pollution.

Market Research Overview

The Noise Detection and Monitoring Market encompasses solutions and technologies designed to measure and manage noise emissions, with a focus on Environmental Impact and Occupational Safety. Urbanization and the resulting increase in sound pollution from machines, speakers, music systems, horns, and other devices have driven demand for noise monitoring tools. Smart City projects prioritize noise monitoring as part of their corporate responsibility, integrating hardware and software solutions for real-time data collection and analysis. Components include portable and fixed noise monitoring systems, sound level meters, dosimeters, microphones, and wind noise suppressors. Precision types range from sound level meters to artificial neural networks. Connectivity options include WIFI and Ethernet, with battery-based and commercial or residential applications. Subsegments include building acoustics, sampling methods, and different monitoring durations such as short-term, medium-term, and long-term. Applications extend to healthcare, where noise pollution is linked to negative impacts on human health, including heart diseases, cardiovascular problems, cognitive impairment, stress, diabetes, anxiety, and depression. Despite advancements, challenges include cost of implementation, integration difficulties, and limited standardization. Alliances, directories, and databases facilitate collaboration and knowledge sharing within the noise monitoring industry. Regulatory acts govern noise levels and set standards for noise monitoring tools.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIndustrialCommercialComponentHardwareSoftwareGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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2025 Chinese economy: robust capacity in coping with pressure and risks

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BEIJING, Dec. 22, 2024 /PRNewswire/ — A news report from China.org.cn on China’s annual Central Economic Work Conference:

 

From China’s annual Central Economic Work Conference held last week, one can see clear targets and detect the continuity in the rationale behind the country’s economic roadmap for 2025. The tasks listed at the conference are in line with China’s development needs in the current phase, and can to a degree respond to the external risks.

Firstly, the meeting urged efforts to vigorously boost consumption, a top-of-agenda task. Expanding domestic demand is not only a long-term priority for China, but also a coping strategy for the tougher challenges faced in exports. China’s efforts to stimulate consumption mainly fall into two categories. For one, enabling its citizens to have more to spend, by means of increasing income and alleviating burdens of low- and middle-income groups, and enabling more to enter the middle-income bracket; meanwhile, China will continue to diversify consumption scenarios, such as the debut economy, ice and snow economy and silver economy, for consumers to spend their disposable income.

Secondly, China is determined to let scientific and technological innovation drive the building of a modern industrial system, serving as a compass for China’s industrial economy development. In 2025, China is going to invest more in technological innovation, and strengthen studies in basic sciences and key core technologies, to drive industrial innovation, and furthermore achieve high standards in sci-tech self-reliance and strength.

Thirdly, China will maintain its high-level opening-up, and keep foreign trade and foreign investment stable. The size, quality and good reputation of China’s business with the world have been ever-growing, and that’s because the goal of China is to “make the cake bigger,” not “steal others’ shares of cake,” let alone “seize the whole cake.” To that end, China has improved the quality of its exports, explored new investment models, and made more countries stakeholders along the global value chain; meanwhile, it has also been ameliorating its market-access policies, and bettering the treatment of foreign-invested companies, so that more countries can benefit from the Chinese market. By November, China has removed all market access restrictions for foreign investors in the manufacturing sector, and service sectors including telecommunication and medical care are also opening their doors wider at a stable pace.

China shows great willingness to open up to the world, and boasts a good many partners; at the same time, the country’s economy has a solid foundation with many advantages, strong resilience and great potential, which means it possesses robust capacity in coping with pressure and risks.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/2025-chinese-economy-robust-capacity-in-coping-with-pressure-and-risks-302338092.html

SOURCE China.org.cn

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India-born Avaada Group Commits $12bn to Transform Rajasthan into a Global Renewable Energy Hub

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MUMBAI, India, Dec. 23, 2024 /PRNewswire/ — Avaada Group, a leading name in the renewable energy sector, has announced an unprecedented investment of $12bn in Rajasthan, India, for accelerating green energy transition, thereby establishing the region as a global renewable energy powerhouse. This landmark announcement was made during the prestigious Rising Rajasthan 2024 Summit, attended by India’s Hon’ble Prime Minister Narendra Modi and Rajasthan’s Hon’ble Chief Minister Bhajanlal Sharma.

Highlighting Rajasthan’s strategic importance, Avaada Group’s Chairman Vineet Mittal, Guest of Honour at the event, stated, “Rajasthan’s vast solar and wind resources, coupled with the visionary leadership of the Hon’ble Prime Minister and Chief Minister, present an unparalleled opportunity to redefine the global renewable energy landscape. Avaada’s commitment of $12bn while driving green industrial manufacturing will also create millions of jobs, shaping a sustainable and inclusive future.”

Rajasthan stands out as a global hub for renewable energy, with over 142 GW of unmatched solar potential, supported by 325+ sunny days annually. The state’s pro-business policies, including the Rajasthan Investment Promotion Scheme 2024 and the Integrated Clean Energy Policy 2024, have attracted investments worth $78bn.

Avaada Group’s journey in Rajasthan began with a modest 150 MW solar project and has since evolved into multiple ventures, including one of the world’s largest single location renewable energy projects by an IPP. Key investments announced at the summit include:

1,200 MW Pumped Storage Project (PSP): A $700mn initiative to enhance energy storage and grid stability.Green Hydrogen and Ammonia Projects: Investments aimed at driving global decarbonization goals.Utility-Scale Solar and Wind Projects: Across Jhalawar, Kota, Barmer, and Bikaner, contributing significantly to India’s renewable energy targets.

With its strategic alignment to international sustainability frameworks like the EU’s Carbon Border Adjustment Mechanism (CBAM), Rajasthan offers a unique advantage for zero-carbon manufacturing and green industrial growth, positioning itself as a magnet for industries seeking sustainable operations while creating over 1mn green jobs.

“As a global renewable energy leader, Avaada is proud to participate in Rajasthan’s vision of becoming a green hub of industrial growth,” Mr. Mittal remarked. “Our investments aim to double the region’s economy by 2030, aligned with global efforts to combat climate change.”

With its strategic initiatives, Avaada Group is poised to attract international collaborations, setting a benchmark for renewable energy innovation and sustainable industrial development.

About Avaada Group

Avaada Group is a leader in the global energy transition, specializing in solar module manufacturing, renewable power generation, and the development of green hydrogen, green methanol, green ammonia, and sustainable aviation fuel projects. Under the visionary leadership of Mr. Vineet Mittal, Avaada has become a significant global player in clean energy. Avaada Energy, the group’s renewable power generation arm, aims to achieve a capacity of 11 GWp by 2026. The group’s strong execution capabilities have attracted substantial international investment, including a $1.3bn commitment in early 2023, with $1bn from Brookfield’s Energy Transition Fund and $300mn from GPSC, a subsidiary of Thailand’s PTT Group.

Contact

Kiren Srivastav
kiren.srivastav@avaada.com

Charu Sehgal
charu.sehgal@avaada.com 

 

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The Shining Achievements of Busan MICE in 2024

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BUSAN, South Korea, Dec. 23, 2024 /PRNewswire/ — Amid intensifying competition among MICE host cities to attract large events, 2024 saw Busan take bold steps that led to impressive results, proving its potential as a prime MICE destination. The efforts made by Busan in 2024 in attracting major international conferences, promoting ESG management, enhancing networking, and strengthening city identity are outlined below.

International Conferences Held in the Global MICE City of Busan

Busan hosted several significant international conferences in 2024. In July, it welcomed the 45th Scientific Assembly of the Committee on Space Research (COSPAR 2024), drawing around 2,700 space scientists from 60 countries to Korea. This was the first time the event was held in the country. In August, after eight years of preparation, the city hosted the 37th International Geological Congress (IGC 2024), a prestigious event with a 146-year history, at BEXCO. In November, Busan hosted the 5th Session of the UN Intergovernmental Negotiating Committee on Plastic Pollution (INC-5). With participation from 193 institutions and countries, INC-5 was the final dialogue in a series of international discussions on controlling plastic pollution, making it a crucial conference on the future health of Earth’s marine environment and placing Busan at the forefront of global attention.

Wide-ranging ESG Activities for the Sustainability of MICE

Busan’s selection to host INC-5 was made possible by its strong track record of ESG initiatives within the MICE industry. The Busan Tourism Organization (BTO) CVB’s exhibition hall was decorated using recyclable wood, and with the assistance of eco-friendly suppliers, recycling stations were set up to facilitate the collection of waste generated during the event. Aiming for a paperless conference, digital materials and multifunctional electronic platforms were also used. Continuous efforts in various ESG initiatives were made through collaborations with Busan MICE Alliance (BMA) members. Environmental reports were made, containing carbon reduction amounts for all products used at event venues and greenhouse gas reduction indicators for transportation during each event, to create more eco-friendly events.

Improvement of Busan’s MICE Network Through Communication

The Busan MICE Alliance and the Busan MICE industry, in general, grew in solidarity through strong networking this year. The BTO CVB worked to fundamentally enhance Busan’s MICE industry by increasing local demand for MICE events and maintaining an efficient collaboration network. Regular meetings of the BMA focused on the concerns of its members to improve communication. Additionally, Busan MICE Alliance Day was held to strengthen ties among members of Busan’s MICE industry, fostering discussions on industry developments both locally and internationally, and exploring joint marketing opportunities. New members were recruited into the BMA in both the first and second halves of the year, enhancing collaboration between the public and private sectors for the success of Busan’s MICE industry. The Busan MICE Business Innovation Platform, which provides users with access to news and information about Busan’s MICE industry, was launched and well-received.

Unique Venues That Capture Busan’s Local Identity

Participants in MICE events now expect more than just the exchange of knowledge. They seek a special experience, and MICE destinations should leverage their local identity to provide experiences that can only be found in their cities or regions. Recognizing this industry trend, Busan has identified a variety of unique venues that highlight the history, culture, and distinctiveness of the city. Venues such as Domoheon, the former residence of Busan’s mayor; Space OneZ, a renovated old warehouse; and Holi Lounge, offering a surfing workation, exemplify this approach. The MICE events held at these unique venues are also organized in a way that showcases the best of Busan’s local identity.

As another busy year draws to a close, Busan, as a MICE city, is looking forward to making even greater strides next year. The 18th World Congress on Computational Mechanics (WCCM) in 2028, along with many other international MICE events, are set to take place in Busan, and the BTO CVB is actively working toward this goal.

With aspirations of reaching the pinnacle of the MICE industry, Busan will continue its efforts to be a sustainable, cooperative, and unique MICE city that is globally recognized.

 

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SOURCE Busan Tourism Organization

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