Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "Heat Stress Monitor Market by Product Type, Application, Offering, Life Form, WBGT Technology, Sensor Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
"The heat stress monitor market estimated to grow at a CAGR of 7.07% between 2018 and 2023"
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% between 2018 and 2023.
The market growth is attributed to the growing adoption of heat stress monitoring in athletics and military applications, and growing concerns of environmental and safety regulations for heat stress management. Latent markets in APAC, Africa and the Middle East regions, relatively low cost of heat stress monitors, and integration of artificial intelligence (AI) into heat stress monitors are driving the growth of the heat stress monitor market.
On the other hand, lack of strict enforcement across industries in emerging economies and lack of awareness and necessary training to deal with heat stress conditions are creating challenges for this market.
"Athletics and sports applications are expected to grow at the highest rate during the forecast period"
Heat stress monitors are used in athletics training activities to identify heat levels inside the training room and on field and to monitor personal body conditions to avoid heat-related illnesses. Athletic training and sports activities can cause exertional heat-related illness (EHRI). EHRI comprises several states that afflict physically active persons while exercising during heat stress. Thus, growing focus on athletes' health and safety during training is driving the heat stress monitor market for athletics and sports applications.
"Heat stress monitor market in the Americas is expected to hold the largest market size during the forecast period"
The Americas is among the important markets for heat stress monitors. Safety standards developed by the National Institute for Occupational Safety and Health (NIOSH) and Occupational Safety & Health Administration (OSHA) Group have forced various industries to use heat stress monitors at their workplace. Also, health monitoring in military, athletics, and sports applications contributes to the heat stress monitor market in this region.
Companies that can provide an AI integrated heat stress monitor system is expected to emerge as game changers as such system will reduce human intervention and boost the overall efficiency of the production.
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).
Key Topics Covered
1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Few Important Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Heat Stress Monitor (Hardware/Software and Services) Market, 2015-2023 (USD Million)
4.2 Heat Stress Monitor Market, By Offering
4.3 Heat Stress Monitor Market in APAC, By Application and Country (2017)
4.4 Heat Stress Monitor Market (Hardware/Software and Services), By Region
4.5 Heat Stress Monitor Market, By Product (2018-2023)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of Heat Stress Monitoring in Athletics and Military Applications
5.2.1.2 Environmental and Safety Regulations for Heat Stress Management
5.2.1.3 Increasing Awareness About Employees' Safety From Excessive Heat at Workplaces
5.2.1.4 Increasing Demand for Heat Stress Monitoring in Manufacturing and Mining Industries
5.2.2 Restraints
5.2.2.1 Lack of Strict Enforcement Across Industries in Emerging Economies
5.2.3 Opportunities
5.2.3.1 Latent Markets in APAC, Africa and Middle East
5.2.3.2 Integration of AI in Heat Stress Monitor
5.2.3.3 Low Cost of Heat Stress Monitors Creates More Opportunities
5.2.4 Challenges
5.2.4.1 Lack of Awareness/Necessary Training to Deal With Heat Stress Conditions
5.2.4.2 Lack of Trained Professionals for Heat Stress Monitoring
6 Industry Trends
6.1 Key Trends
6.2 Value Chain Analysis
6.3 Noticeable Government Regulations Pertaining to Heat Stress and Employee Safety
7 Heat Stress Monitor Market, By Wet Bulb Globe Temperature (WBGT) Technology
7.1 Introduction
7.2 Wet Bulb
7.3 Without Wet Bulb
8 Heat Stress Monitor Market, By Product Type
8.1 Introduction
8.2 Handheld Heat Stress Monitor
8.3 Fix/Portable Heat Stress Monitor
9 Heat Stress Monitor Market, By Offering
9.1 Introduction
9.2 Hardware & Software
9.3 Services
10 Heat Stress Monitor Market, By Life-Form
10.1 Introduction
10.2 Humans
10.3 Animals (Cattle)
11 Heat Stress Monitor Market, By Sensor Type
11.1 Introduction
11.2 Black Globe/Globe Thermometer
11.3 Natural Wet Bulb
11.4 Dry Bulb Thermometer
11.5 Relative Humidity and Air Flow
12 Heat Stress Monitor Market, By Application
12.1 Introduction
12.2 Athletics and Sports
12.3 Mining and Oil & Gas
12.4 Military
12.5 Manufacturing Plants
12.6 Others
13 Geographic Analysis
13.1 Introduction
13.2 Americas
13.2.1 North America
13.2.1.1 US
13.2.1.2 Rest of North America
13.2.1.2.1 Canada
13.2.1.2.2 Mexico
13.2.2 South America
13.3 Europe
13.3.1 UK
13.3.2 Western Europe
13.3.3 Italy
13.3.4 Rest of Europe
13.4 APAC
13.4.1 Japan
13.4.2 China & Singapore
13.4.3 Australia
13.4.4 Rest of APAC
13.5 RoW
13.5.1 Middle East
13.5.2 Africa
14 Competitive Landscape
14.1 Overview
14.2 Key Players in Heat Stress Monitor Market (2017)
14.3 Competitive Scenario
14.3.1 Product Developments
14.3.2 Acquisitions
14.3.3 Partnerships
15 Company Profiles
(Business Overview, Products & Solutions Offered, Recent Developments, and SWOT Analysis)*
15.1 Key Players
15.1.1 TSI
15.1.2 Flir Systems (Extech)
15.1.3 Nielsen-Kellerman
15.1.4 Reed Instrument
15.1.5 Romteck Australia
15.1.6 TES Electrical Electronic
15.1.7 PCE Instruments
15.1.8 Sato Keiryoki Mfg.
15.1.9 LSI Lastem
15.1.10 Runrite Electronics
15.2 Other Important Players
15.2.1 Sper Scientific
15.2.2 Numag Data Systems
15.2.3 General Tools & Instruments
15.3 Key Startup Ecosystem
15.3.1 Scarlet Tech
15.3.2 Besantek
15.3.3 Scadacore
15.4 Distributors
15.4.1 Air-Met Scientific
15.4.2 Envirocon Instrumentation
15.4.3 Sensidyne
15.4.4 Doculam
15.4.5 Anaum International Electronics
*Details on Business Overview, Products & Solutions Offered, Recent Developments, and SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
For more information about this report visit https://www.researchandmarkets.com/research/gc3rxz/the_60_million?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.