Connect with us

Technology

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

Published

on

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.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

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. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

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.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

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.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302290567.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024

Published

on

By

Recognition for boosting customer value with its technologically powered solutions and market-leading position.Schneider Electric India has become a celebrated name in India’s smart metering market, leveraging six decades of operational excellence, industry expertise, and business success.

SAN ANTONIO, Dec. 23, 2024 /CNW/ — Frost & Sullivan recently assessed the metering industry, and based on its analysis, it has recognized Schneider Electric India Pvt Ltd (SEIPL) for the 2024 Indian Company of the Year Award. Schneider Electric India Pvt Ltd (SEIPL) is the Indian arm of Schneider Electric, a global leader in digital transformation of energy management and automation . A recognized name in India’s metering industry, Schneider Electric India draws on over 60 years of expertise and thought leadership in industrial sustainability, universal and software-centric automation, data privacy and security. Serving various sectors, including buildings, infrastructure, industries, data centers, and homes, the company demonstrates its solutions’ scalability, scope, and applicability . It has a robust Indian footprint with 31 factories (including five smart factories) and more than 39,000 employees serving customers in over 500 cities.

Over the years, Schneider Electric India has solidified its leadership position in India’s smart metering market, and the company has a dominant market share in the advanced metering infrastructure (AMI) segment. This superlative performance underscores its ability to deliver innovative and reliable solutions consistently. Schneider Electric’s advanced smart metering devices, equipped with cutting-edge technologies, empower both utilities and consumers. By enabling real-time data transmission and eliminating manual meter readings, these solutions optimize grid management, enhance billing accuracy, and drive operational efficiency—all while empowering consumers to monitor and control their energy consumption, contributing to sustainability and cost savings.

Iqra Azam, best practices research analyst at Frost & Sullivan, observed, “Schneider Electric’s rich history of accomplishments and best practices implementation demonstrates its focus on continuous growth, harmonizing with economic and social sustainability-focused initiatives and fortifying its market leadership.”

Speaking on this recognition, Mr. Deepak Sharma, Zone President, Greater India, and MD & CEO of Schneider Electric India, said, “This recognition underscores our team’s dedication to delivering scalable, cost-effective, and sustainable solutions that set us apart in the smart metering industry. Our strong emphasis on research and development, innovation, and localizing components allows us to meet market demands and provide enhanced value to our customers. Our Mysuru smart metering plant further reinforces our commitment to delivering on this promise.”

The company is strengthening its leadership position in the metering market by actively working to increasing the localization component of its electricity meters sold in India, providing customers with greater value and supporting local economies. By adopting a transparent business approach, Schneider Electric India is building strong, long-lasting customer relationships , providing a clear understanding of its value proposition from the outset.

“Schneider Electric India proves its commitment to sustainability with outstanding initiatives that align with the Indian Government’s approach to a green India. It maintains transparent, reliable, and continuous communication with customers, addressing their unmet needs, evolving demands, and regular queries,” added Neha Tatikota, industry analyst for Energy & Environment at Frost & Sullivan.

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation in products and technologies and the resulting leadership in customer value and market penetration.

The Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91 9953764546
E: tarini.singh@frost.com

About Schneider Electric

Schneider Electric’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI-enabled Industrial IoT solutions with connected products, automation, software, and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com  

Follow us on: 

https://twitter.com/SchneiderElechttps://www.facebook.com/SchneiderElectric?brandloc=DISABLEhttps://www.linkedin.com/company/schneider-electrichttps://www.youtube.com/user/SchneiderCorporatehttps://www.instagram.com/schneiderelectric/http://blog.se.com/

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights.

Contact: Binni Rawat
Phone: +91-9999646207
Email ID: binni.rawat@se.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/schneider-electric-india-recognized-by-frost–sullivan-as-the-indian-company-of-the-year-2024-302338196.html

SOURCE Frost & Sullivan

Continue Reading

Technology

ATFX won “Best Online Trading Company Global 2024” at World Business Outlook Awards 2024

Published

on

By

HONG KONG, Dec. 24, 2024 /PRNewswire/ — ATFX, a leading global forex and CFD broker, has been awarded the “Best Online Trading Company Global 2024” by the World Business Outlook Awards. This accolade highlights ATFX’s unwavering dedication to excellence, innovation, and delivering a superior trading experience for its clients worldwide.

This recognition underscores ATFX’s ability to combine cutting-edge trading technology with a client-centric approach. Offering robust platforms, personalized solutions, and extensive educational resources, ATFX ensures traders of all experience levels can navigate financial markets with confidence. Its global reach, paired with localized support, further solidifies its reputation as a trusted trading partner.

The World Business Outlook Awards celebrate organizations that demonstrate exceptional performance and leadership. By earning this award, ATFX has affirmed its position as an industry leader, committed to innovation and transparency. ATFX’s leadership credited this achievement to the trust of its clients, the dedication of its employees, and the company’s focus on staying ahead of industry trends.

Winning the “Best Online Trading Company Global 2024” reflects ATFX’s mission to redefine online trading standards. Moving forward, the company remains focused on enhancing its offerings, supporting financial literacy, and empowering traders globally with unparalleled tools and services.

About  ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experience to clients worldwide.

For further information on ATFX, please visit ATFX website https://www.atfx.com.

View original content:https://www.prnewswire.com/apac/news-releases/atfx-won-best-online-trading-company-global-2024-at-world-business-outlook-awards-2024-302338218.html

SOURCE ATFX

Continue Reading

Technology

THE STATE OF GLOBAL OPTIMISM REVEALED BY LG IN NEW SURVEY

Published

on

By

Company Unveils the Biggest Topics of Global Optimism: Entertainment, AI and Healthcare.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — According to the latest research by LG Electronics (LG), 48 percent of consumers say they are more optimistic now than they were compared to six months ago.

The survey, conducted across 16 markets, provides extensive data on global optimism, its drivers and the demographics that feel the most optimistic and happy. The global average optimism score is 7.49/10. France, the UK and Australia were revealed to be among the least optimistic countries, scoring 14.5 percent below the average. Conversely, Saudi Arabia (12 percent above), India (10.8 percent above) and the UAE (8.1 percent above) were the most optimistic. Consumers were most optimistic about their personal growth and development (69 percent) and family dynamics (66 percent), but least optimistic about their finances.

Entertainment, including movies, TV, music and art, was identified as the most significant factor driving optimism (60 percent), followed by AI (56 percent). Less than half of the respondents chose social media (48 percent), while international crises such as war generated the least optimism.

LG conducted the survey to support and understand the nature of happiness, aligning with its brand philosophy, Life’s Good. The results are part of LG’s broader effort to assess the potential and influence of optimism globally, reflecting the company’s commitment to enhancing consumer optimism.

The survey also reveals key aspects of generational attitudes towards optimism. Optimism and happiness both decrease with age, although the latter was found to reduce at a slower rate. Interestingly, despite younger age groups averaging higher rates of happiness and optimism, individuals under 18 reported some of the lowest scores. Additionally, 50 percent of Gen Zs expressed that optimism can be harmful, the highest of any age group. This caution may be due to their life stage, as Gen Zs were twice as likely to disagree about having the tools needed to succeed (16 percent) compared to millennials.

The Role of Social Media

Younger age groups are more likely to search online for positive content and like-minded people to improve optimism. 86 percent of consumers say social media impacts their personal lives, more than those who believe it impacts society (67 percent). Gen Zs are also more likely to talk to a therapist, indulge in shopping or take drastic actions to counter negativity, such as deleting a social media account.

In contrast, older groups tend to seek offline comforts, such as spending time outdoors, seeing family or engaging in hobbies. Younger people appear more willing to seek external methods to boost optimism and happiness compared to their older counterparts.

Optimism your feed

“As a brand that is passionate about spreading optimism, we strive every day to be the most customer-focused we can possibly be.” said Kim Hyo-eun, vice president and head of LG’s Brand Management Division. “Consumers want tools to feed their optimism and belief in the future, and providing this is a key part of LG’s mission. That is why we launched our ‘Optimism your feed‘ campaign, which empowered users to pull more optimistic content into their social media feeds. The campaign has been proven to help consumers boost positive feelings, with 78 percent of people saying they felt more optimistic after seeing the campaign versus before exposure.”

The “Optimism your feed” playlist can be found on LG’s global TikTok channel (@lge_lifesgood) and global YouTube channel (@LGGlobal). More details can be found on the campaign page on www.lg.com/lifesgood/.

Survey Methodology
Global survey conducted by GWI 
Fieldwork conducted from August 26 to October 7, 2024 
Age: Between 16 – 64 years old, all income levels 
Sample size: 300 respondents each across 16 markets, except for 70 respondents in KSA

About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and the Eco Solution – combined for global revenue of over KRW 82 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

 

 Media Contacts:

LG Electronics, Inc.

LG Electronics, Inc.

Lea Lee 

Jenny Shin

+82 2 3777 3981

+82 2 3777 3692

lea.lee@lge.com 

jungin.shin@lge.com 

www.LGnewsroom.com  

www.LGnewsroom.com 

Photo – https://mma.prnewswire.com/media/2586173/LG_Electronics.jpg
Logo – https://mma.prnewswire.com/media/2585362/LG_logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/the-state-of-global-optimism-revealed-by-lg-in-new-survey-302337561.html

Continue Reading

Trending