Heat Stress Monitor Market Set to Witness Rapid Growth, Valued at $60.9 Million by 2023


Posted July 25, 2023 by avinashgogawale14

The Heat Stress Monitor Market was valued at USD 43.3 million in 2018 and is anticipated to grow to USD 60.9 million by 2023, at a CAGR of 7.07% from 2018 to 2023.

 
With an estimated value of USD 43.3 million in 2018 and a projected value of USD 60.9 million by 2023, the Heat Stress Monitor Market is growing steadily, with a Compound Annual Growth Rate (CAGR) of 7.07% from 2018 to 2023.

This development can be ascribed to increased knowledge of workplace safety and health issues, particularly in fields that are exposed to high temperatures. under order to ensure worker safety, reduce the dangers associated with heat stress, and increase productivity under difficult working circumstances, heat stress monitors are essential. The need for heat stress monitors is anticipated to increase steadily during the projection period as businesses continue to place a high priority on worker security.

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The Heat Stress Monitor Market is expanding significantly, largely as a result of increased concern among companies for worker safety and the need to avoid workplace mishaps brought on by extreme heat. The market is growing as a result of the increasing demand for heat stress monitors in the manufacturing and athletics sectors. These monitors are essential for identifying and reducing the dangers of heat stress and protecting the safety of employees and athletes under demanding circumstances. The need for heat stress monitors is anticipated to keep increasing consistently in the near future as safety becomes a major concern for companies.

Heat Stress Monitor Market for military application hold a major market share during the forecast period

Due to its use in the military industry, the Heat Stress Monitor Market is anticipated to experience significant growth over the course of the forecast period. To improve operational capabilities, military training frequently entails training exercises in hot situations; this increases the danger of soldiers being sick from heat-related conditions. Military personnel's health is closely monitored by heat stress monitors during training and field exercises to ensure their safety and well-being. Given how crucial it is to protect troops' health, the military application is anticipated to dominate the market for heat stress monitors during the course of the projected period.

Services Market for Heat Stress Monitoring is expected to grow at the highest rate during the forecast period

The Heat Stress Monitoring Services Market is predicted to develop at the fastest rate during the forecast period. This is because heat stress monitors have a lifespan that exceeds five years, necessitating periodic services in order to analyse monitor data and recommend necessary improvements to prevent heat stress. The need for specialist heat stress monitoring services is anticipated to soar in the next years, outpacing the hardware and software markets in size as organisations place an increased emphasis on employee safety and adhere to strict rules.

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APAC expected to grow at the highest rate between 2018 and 2023

Between 2018 and 2023, the Heat Stress Monitor Market in APAC is expected to develop at the highest rate, driven by the region's growing emphasis on employee safety. The market for heat stress monitors is anticipated to rise significantly in APAC's booming economies, which include Singapore, Japan, China, India, and Australia. The need for these monitors in the region has been boosted by China's rapid industrial growth and tight laws and compliances, which is the world's manufacturing powerhouse. The Heat Stress Monitor Market is anticipated to experience significant growth over the projected period as APAC places a high priority on guaranteeing the welfare of its workforce.

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.

News Covered:

https://www.prnewswire.com/in/news-releases/heat-stress-monitor-market-worth-609-million-by-2023-692843101.html

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Last Updated July 25, 2023