Heat Stress Monitor Market To Generate $62.5 Million Revenue in 2030
Factors such as the surging adoption of heat stress monitors in athletics and military applications, rising global temperature, stringent safety regulations for heat stress management, growing awareness about heat-related diseases, and increasing need for heat stress monitors in the oil & gas and mining industry are expected to accelerate the heat stress monitor market at a CAGR of 2.7% in the forecast period (2020–203. At this growth rate, the market is projected to reach $62.5 million by 2030 from $51.4 million in 2019.
The heat stress monitor market is witnessing technological advancements in the heat stress monitoring field. For instance, the Qatar Mobility Innovations Center (QMIC) has launched an internet of things (IoT)-based smart heat stress monitoring solution, which is an automated system for supporting safety management and public health. The key objective of the solution is to calculate and monitor the real-time heat stress index (HSI) of employees. Thus, it has allowed for the protection of workers from heat-related diseases.
One of the most-significant growth drivers for the heat stress monitor market is the surging adoption of such devices in athletics and military applications owing to the hostile effects of heat on the performance of individuals. Rigorous physical activities in training for long durations expose athletes and military personnel to significant heat stress due to the production of high ambient and metabolic heat. This equipment monitors sportsperson and military personnel’s health in real time, during training, and alerts them about the limit of heat stress.
The application segment of the heat stress monitor market is categorized into mining and oil & gas, athletics & sports, military, and manufacturing plants. Among these, the mining and oil & gas category accounted for the largest market share in 2019. This is due to the fact that in this industry, employees are exposed to significantly hotter conditions in comparison to other industries. This factor leads to heat-related diseases like heat exhaustion, cramp, rashes, and heatstroke, which can put the lives of workers at risk.
Moreover, the heat stress monitor market is classified into globe thermometer, dry bulb, natural wet bulb, humidity, and airflow, on the basis of sensor type. The globe thermometer category accounts for a significant market share as this thermometer is widely used in the mining and oil & gas industry. In such devices, a metal globe protects sensors from heat and external radiation and measures accurate air temperature in an area. This thermometer is also used in manufacturing plants due to its durable nature.
Geographically, North America held the largest share in 2019, and it is expected to witness the same trend in the coming years. This is attributed to the mandatory safety standards for employees in workplaces set by several government organizations, like the Occupational Safety and Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH). These standards have forced sectors, such as industrial manufacturing, chemical, petrochemicals, and mining and oil & gas, to deploy heat stress monitors for monitoring heat radiation and the associated stress on employees.
Thus, the surging adoption of heat stress monitors in athletics and military applications and their increasing requirement in the oil & gas and mining industry will fuel the market growth in the forecast years.
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