The Overall Heat Stress Monitor Market is estimated at USD 43.3 million in 2018 and is expected to reach USD 60.9 million by 2023, at a CAGR of 7.07% during 2018–2023. The growth of the Heat Stress Monitor Market is mainly driven by the increased employer awareness related to employee safety to avoid accidents due to excessive heat at workplaces and increasing demand for Heat Stress Monitors in athletics and manufacturing industries.
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Heat Stress Monitor Market for military application hold a major market share during the forecast period
Military is one of the oldest and most dominating markets for Heat Stress Monitors as military training activities involve realistic training in hot environments to develop operational capability, which poses a risk of heat-related illnesses. Heat stress monitors are strongly being used to monitor the health of soldiers during training as well as during field. Thus, military application is expected to hold the largest share during the forecast period.
Services Market for Heat Stress Monitoring is expected to grow at the highest rate during the forecast period
The services market is larger than hardware and software market as the life span of heat stress monitor is more than 5 years, whereas the services are needed periodically to analyze heat stress monitor data and to suggest necessary changes needed to avoid heat stress. Heat Stress Monitoring Services are expected grow in the coming years because of the growing awareness toward employee safety and increasing regulations for monitoring heat stress by only expert professionals.
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APAC expected to grow at the highest rate between 2018 and 2023
Heat Stress Monitor has a growing demand in APAC owing to the increasing focus of the region toward employee safety. APAC constitutes thriving economies, such as Singapore, Japan, China, India, and Australia, which are expected to register high growth rates in the Heat Stress Monitor Market. China has witnessed immense industrial growth and is the manufacturing capital of the world. Its government enforces stringent regulations and compliances.
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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