Global Warming at Work: Heat Stress Monitor Market to the Rescue
With a compound annual growth rate (CAGR) of 7.07% from 2018 to 2023, the global Heat Stress Monitor Market is expected to increase significantly, from an estimated value of USD 43.3 million in 2018 to USD 60.9 million by 2023.
This increase is explained by a growing understanding of the harmful consequences that heat stress has on people in a variety of settings and professions. The market includes a variety of product categories, such as fixed, portable, and handheld devices, and its applications include mining, oil and gas, industrial facilities, athletics and sports, and the military. The growing concern for workplace safety, the enforcement of strict laws, and the demand for efficient heat stress monitoring solutions in a variety of settings are all factors driving this market expansion.
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In an effort to prevent workplace accidents caused by extreme heat, businesses are becoming more conscious of employee safety, which is driving a large portion of the market growth for heat stress monitors. This development is especially noteworthy in sectors where heat-related problems are common, such industry and athletics. The increase in demand for heat stress monitors is a sign that companies and organisations are taking preventative measures to ensure the health of their employees. Consequently, the market is experiencing a favourable trajectory as more and more sectors recognise the significance of monitoring heat stress.
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Heat stress monitor Market for military application hold a major market share during the forecast period
Because of its historical reliance on these gadgets, the military industry stands out as a significant and persistent market for heat stress monitors. Military training exercises sometimes involve realistic settings in warm climates, putting soldiers at risk for illnesses brought on by the heat. When it comes to keeping an eye on the health of military personnel during training and field operations, heat stress sensors are invaluable. Because of the vital role that heat stress monitoring plays in guaranteeing the safety and operational efficacy of soldiers across a range of training and deployment conditions, it is projected that the military application segment will lead the market.
Services market for heat stress monitoring is expected to grow at the highest rate during the forecast period
Because heat stress monitors often last more than five years, the services portion of the business outpaces the hardware and software industries in this industry. In contrast to hardware and software components, services are needed on a regular basis to evaluate data from heat stress monitors and suggest changes that need be made to avoid heat stress. Due to increased employee safety awareness and the growing regulatory emphasis on hiring qualified personnel to handle heat stress monitoring, there is an expected surge in demand for heat stress monitoring services. Therefore, it is anticipated that the services sector will be crucial to maintaining the efficient and ongoing management of heat stress in a variety of settings.
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APAC expected to grow at the highest rate between 2018 and 2023
A greater focus on worker safety is driving an increase in the market for heat stress monitors in the Asia-Pacific (APAC) region. The dynamic economies of Asia-Pacific, which include Singapore, Japan, China, India, and Australia, are expected to witness significant expansion in the heat stress monitor market. China is a prominent global manufacturing powerhouse that has experienced substantial industrial expansion. The region's expanding adoption of heat stress monitoring solutions is partly due to the Chinese government's implementation of stringent rules and compliances, which highlight the country's growing dedication to maintaining worker safety.
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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