Heat Stress Monitor Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
The Heat Stress Monitor Market size was valued at USD 55 Million in 2023 and the total Heat Stress Monitor revenue is expected to grow at a CAGR of 5.91% from 2024 to 2030, reaching nearly USD 82.21 Million.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Heat stress monitor market Definition
Heat stress monitor (HSM) is a monitoring instrument which is used to measure, motor, and record possible heat stress environments such as radiant heat, air temperature, air flow and humidity accurately and quickly. This instrument provides high-quality monitoring solutions using thermal work limit and wet bulb globe temperature sensing technology.
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Heat stress monitor market Dynamics
Surges in the adoption of heat stress monitor instruments in various industries to monitor workplace temperature, heat exposures, to determine potential heat stroke conditions and to alert the workers about such conditions is the major driving factor behind the growth of the market. Increasing adoption of these monitoring instruments in military and athletics applications, rising safety and environmental regulations to manage heat stress, growing alertness regarding workers safety from unnecessary heat at workplaces, integration of artificial intelligence technology with heat stress monitoring instruments and growing advancements in wearable technology for heat stress prevention are expected to improve the growth of the market during the forecast period.
However, lack of compulsory training and awareness to monitor heat stress conditions and lack of technical skilled expertise are major restraining factors that could hamper the growth of the market.
Heat Stress Monitor Market Segment Analysis:
By product, handheld HSM segment dominated the market in 2023 and is expected to maintain its dominance at a CAGR of xx% during the forecast period. A surge in the adoption of handheld HSMs in industries as they provide benefits such as ease of use, compactness and ruggedness and they deliver accurate and quick readings by measuring personal health situation is attributed to the growth of the market. Also, increasing production of handheld HSMs by prominent key players such as Extech Instruments, Nielsen-Kellerman, Sper Scientific and Besantek is further expected to expand growth of the market during the forecast period. Alternatively, portable HSM segment is projected to witness fast growth at a CAGR of xx% during the period. Rising demand of portable HSMs for monitoring in underground mines in mining industry is propelling the growth of the market.
By application, military, athletics, and sports segment projected to witness fast growth at a CAGR of xx% during the forecast period. A military, athletics and sports training can result into the quick increase in body temperature that further can produce a heat-related illness risks to the person. Thus, growing adoption of wearable technology-based heat stress monitor devices to mitigate heat related illnesses is propelling the growth of the market.
Heat Stress Monitor Market: Regional Analysis
Region-wise, North America held the largest market share in 2023 and is expected to witness high growth at a CAGR of xx% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the wide scale adoption of heat stress monitor devices in many end user industries for applications such as foundries, military, offshore drilling operations, agriculture, engineering, food industry and sports.
Increasing safety regulations by the US government, rising adoption of portable heat stress monitoring devices and growing need to manage workplace conditions and workers safety are driving the growth of the market. In addition, the compulsory and essential laws, regulations and guidelines for the safety of workers, created by the Occupational Safety & Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH) Group have demanded a range of industries to adopt heat stress monitors at their workplaces, which is ultimately resulting into the growth of the market.
The objective of the report is to present a comprehensive analysis of the Global Heat Stress Monitor Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Heat Stress Monitor Market dynamics, structure by analyzing the market segments and projects the Global market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Heat Stress Monitor Market make the report investor’s guide.
Heat Stress Monitor Market Scope: Inquire before buying
| Heat Stress Monitor Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 55 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 5.91% | Market Size in 2030: | USD 82.21 Mn. |
| Segments Covered: | by Product | Fix/Portable HSM Handheld HSM |
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| by Technology | Natural Wet Bulb Without Wet Bulb |
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| by Application | Military Athletics and Sports Manufacturing Plants Mining and Oil & Gas Other |
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| by Offering | Hardware & Software Services |
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Heat Stress Monitor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Heat Stress Monitor Market, Key Players
1. Extech (FLIR Systems)
2. LSI LASTEM s.r.l.
3. Nielsen-Kellerman Co.
4. PCE Instruments
5. REED Instruments
6. Romteck Australia
7. Runrite Electronics(Pty) LTD
8. Sato Keiryoki Mfg. Co., Ltd
9. TES Electrical Electronic Corp
10. TSI Incorporated
11. SPER SCIENTIFIC
12. Besantek
13. SCADACore
14. SCARLET TECH
15. Numag Data Systems Pvt Ltd
16. General Tools & Instruments LLC
17. Air-Met Scientific Pty Ltd
18. Enviro
Frequently Asked Questions:
1. Which region has the largest share in Global Heat Stress Monitor Market?
Ans: North America region held the highest share in 2023.
2. What is the growth rate of Global Heat Stress Monitor Market?
Ans: The Global market is growing at a CAGR of 5.91% during forecasting period 2024-2030.
3. What is scope of the Global Heat Stress Monitor Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Heat Stress Monitor Market?
Ans: The important key players in the Global market are – Extech (FLIR Systems), LSI LASTEM s.r.l., Nielsen-Kellerman Co., PCE Instruments, REED Instruments, Romteck Australia, Runrite Electronics (Pty) LTD, Sato Keiryoki Mfg. Co., Ltd, TES Electrical Electronic Corp, TSI Incorporated, SPER SCIENTIFIC, Besantek, SCADACore, SCARLET TECH, Numag Data Systems Pvt Ltd, General Tools & Instruments LLC, Air-Met Scientific Pty Ltd, Enviro.
5. What was the Global Heat Stress Monitor Market size in 2023?
Ans: The Global market size was USD 55 Million in 2023.