Heat Stress Monitor Market Research Report: By Offering, Technology, Product Type, Sensor Type, Application - Global Industry Analysis and Growth Forecast to 2030
発行: Prescient & Strategic Intelligence Private Limited
ページ情報: 英文 138 Pages
Heat Stress Monitor Market Research Report: By Offering (Hardware, Software, Service), Technology (Wet Bulb, Dry Bulb), Product Type (Handheld/Portable, Fixed), Sensor Type (Globe Thermometer, Natural Wet Bulb, Dry Bulb, Humidity, Air Flow), Application (Athletics & Sport, Mining and Oil & Gas, Military, Manufacturing Plants)- Global Industry Analysis and Growth Forecast to 2030.
The global heat stress monitor market size was $51.4 million in 2019, and it is projected to witness a CAGR of 2.7% during the forecast period (2020-2030). The growing awareness pertaining to heat-related illnesses, including heatstroke, fatigue, and dehydration, primarily for employees, athletes, and military personnel, is the key factor driving the heat stress monitor industry.
The COVID-19 pandemic has negatively impacted the growth of the heat stress monitor market across the world, as it has resulted in the disruption of the supply chain of raw materials and components. The disruption in the supply chain of components has impacted the original equipment manufacturers (OEMs) in China and other countries, which, in turn, has led to the declining global shipments.
In the heat stress monitor market outlook, on the basis of offering, the services category incorporates the revenue generated from the sale of aftermarket components, integration/deployment of heat stress monitor, and consulting services. With the rising adoption of heat stress monitors around the globe, the demand for installation and maintenance services is expected to increase rapidly during the forecast period.
Globe thermometers, based on sensor type, are primarily used in mining and oil & gas applications, wherein a metal globe protects the sensor from external radiation and heat, and thus provides an accurate measure of the air temperature of the work environment. They are also being widely adopted in manufacturing plants, owing to their durable nature.
The mining and oil & gas industry was the highest-revenue-generating category in the market, on the basis of application. Employees working in the mining and oil & gas industries are exposed to considerably hotter conditions when compared to other industries. Further, exposure to hot weather could lead to heat-related illnesses, such as heat exhaustion, rashes, cramps, and heatstroke.
North America dominated the heat stress monitor industry in 2019. Government organizations, such as National Institute for Occupational Safety and Health (NIOSH) and Occupational Safety and Health Administration (OSHA), have set mandatory guidelines for the safety of employees, pertaining to the exposure to heat. These mandatory standards have forced industries where the exposure to heat radiation is high, such as chemical, industrial manufacturing, mining and oil & gas, and petrochemicals, to use heat stress monitors. Further, the U.S., Canada, and Mexico are the host nations for the 2026 FIFA (Federation of International Football Association) World Cup, which would create a high demand for heat stress monitors, to improve the monitoring of athletes' health during the tournament.
The growing number of manufacturing plants in the Asia-Pacific (APAC) region, majorly in developing countries such as India, Indonesia, Vietnam, Thailand, and China, is projected to drive the demand for heat stress monitor systems during the forecast period. Around 18% of the working populace in the region is employed in the manufacturing sector. In order to reduce the heat stress among employees, various governments have enacted occupational safety and health guidelines, which make it mandatory for companies to monitor the exposure to heat radiation and associated stress on employees.