The Heat Stress Monitor Market Revolution: A $60.9 Million Projection by 2023
The global Heat Stress Monitors Market were valued at USD 43.3 million in 2018, and it is anticipated that this market would expand at a Compound Annual Growth Rate (CAGR) of 7.07% from 2018 to 2023. It is projected to attain a worth of USD 60.9 million by 2023. The demand for sophisticated heat stress monitoring technology is rising as a result of growing awareness of and concern over heat-related risks in numerous industries.
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In order to minimise mishaps caused by extreme heat in workplaces, employers are becoming more aware of employee safety, which is fueling the growth of the heat stress monitor market. Additionally, the market is expanding as a result of an increase in demand for Heat Stress Monitors in industries like manufacturing and athletics. These monitors are widely used in a variety of industries since they are essential in preventing the harmful effects of heat stress on people.
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Heat Stress Monitor Market for military application hold a major market share during the forecast period
The Monitor for Heat Stress Its use in the military sector is expected to hold a sizable market share during the projected timeframe. This is explained by the military's historical importance and widespread use of heat stress monitors. The possibility of heat-related illnesses is a noteworthy worry given that military training sometimes includes realistic exercises carried out in warm environments to improve operational readiness. To help with this, Heat Stress Monitors are essential in keeping an eye on the health of soldiers both in the field and during training. As a result, it is predicted that the military sector will continue to hold the highest market share throughout the forecast period.
Services Market for Heat Stress Monitoring is expected to grow at the highest rate during the forecast period
The Services Market for Heat Stress Monitoring is expected to increase at a faster rate than the Hardware and Software categories during the projected period. This discrepancy can be attributable to the heat stress monitors' prolonged lifespan, which usually exceeds five years. While the basis is provided by hardware and software, recurring services are necessary for the routine analysis of data from heat stress monitors and the creation of critical suggestions to reduce heat-related dangers. The need for heat stress monitoring services is expected to significantly increase as regulations governing heat stress monitoring tighten and employee safety awareness continues to rise. This increase is supported by the requirement for specialised knowledge to correctly analyse and react to data on heat stress.
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APAC expected to grow at the highest rate between 2018 and 2023
The Heat Stress Monitor Market is anticipated to develop at the fastest rate between 2018 and 2023 in the Asia-Pacific (APAC) region. The increased focus on worker safety in the area is responsible for the increase in demand. Strong economies in APAC, including Singapore, Japan, China, India, and Australia, are expected to considerably contribute to the growth of the heat stress monitor market. China stands out in particular due to its impressive industrial development and position as the world's manufacturing hub. The Chinese government's strict rules and compliance requirements further emphasise the value of heat stress monitoring, which is propelling the market's expansion in the area.
Key Players
Major Companies Covered in the Heat Stress Monitor Report are TSI (US), Nielsen-Kellerman (US), REED Instruments (US), FLIR Systems/Extech) (US), Romteck (Australia), Sper Scientific (US), Runrite Electronics (South Africa), BESANTEK (Canada), SCADACore (Canada), PCE Instruments) (Germany) LSI LASTEM (Italy), Sato Keiryoki (Japan), Scarlet Tech (Taiwan), Numag Data Systems (India), General tools & instruments (US) and TES Electrical Electronic (Taiwan). among others.
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