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

Heat Stress Monitor Market Overview  

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.

Segmentation Analysis

Services Are Expected To See Fastest Increase in Demand during Forecast Period

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.

High Adoption of Globe Thermometer Sensors Is owing to their Wide Applications

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.

Growing Demand from Mining and Oil & Gas Industry Driving the Market Growth

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.

Geographical Outlook

North America is Highest-Revenue-Generating Region due to Stringent Workplace Safety Regulations

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.

Asia-Pacific (APAC) To Witness Fastest Growth due to Growing Number of Manufacturing Plants

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.

Trends & Drivers

Wearable Heat Stress Monitors Are Key Market Trend

Wearable monitoring equipment and technological advancements in the field of heat stress monitoring are being observed as the key trends in the heat stress monitor market. For instance, innovative smart heat stress monitoring solutions by Qatar Mobility Innovations Center (QMIC), which are based on a smart internet of things (IoT) platform, provide automated systems for real-time heat stress monitoring of workers, to support occupational health and safety management efforts. This has enabled the protection of employees from heat-related illnesses.

Growing Demand for Heat Stress Monitors for Athletics and Military Application Is Driving Market Growth

Heat stress monitoring devices are being widely adopted in sports and military applications, due to the adverse effects of heat on individuals’ performance. Intense physical activities in operations and training exercises for prolonged durations expose military personnel and sports athletics to significant heat stress, due to the high ambient and metabolic heat production. Sports & athletics and military category are major contributors to the growth of the heat stress monitor market, as these instruments provide real-time monitoring of the health of sportspersons as well as military opersonnel in a training ground or field, alerting them about the heat stress limits, which is why they find high adoption in these industries.

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Growing Focus Toward Heat Stress Management Is Boosting Market Advance

The growing awareness about illnesses caused due heat stress in workplaces, including manufacturing facilities, is another key factor propelling the heat stress monitor market growth. OSHA has set standards for workplace safety and monitoring workplace regulations. Similarly, the department/ministry of labor of various countries, including the U.S., Germany, Saudi Arabia, the U.K., Australia, India, South Korea, and Japan, have set strict guidelines about performing heat stress management at workplaces.

OEMs Focused on Geographical Expansion to Increase their Presence in Heat Stress Monitor Market

In recent years, players in the heat stress monitor industry have expanded to various high-growth locations, to stay ahead of their competitors. For instance:

• In October 2019,FLIR Systems Inc. announced its expansion in Virginia, U.S., by opening a new headquarters, which will also strengthen the company’s presence in Washington D.C. It will help the firm grow its business and create a new space to showcase the technology offered, primarily in the North American region.

Some of the Key Players Listed in Heat Stress Monitor Market Report Are:

Heat Stress Monitor Market Size Breakdown by Segment

The heat stress monitor market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Offering

• Hardware
• Software
• Services

Based on Technology    

• Wet Bulb
• Dry Bulb

Based on Product Type

• Handheld/Portable
• Fixed

Based on Sensor Type

• Globe Thermometer
• Natural Wet Bulb
• Dry Bulb
• Humidity
• Air Flow

Based on Application

• Athletics & Sport
• Mining and Oil & Gas
• Military
• Manufacturing Plants

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Spain
  • Russia
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa