Heat Stress Monitor Market

Heat Stress Monitor Market by Product Type (Fix & Portable and Handheld), Application (Athletics & Sports, Military, Oil & Gas and Mining, and Manufacturing Plants), Offering, Life Form, WBGT Technology, Sensor Type, and Region - Global Forecast to 2023

Report Code: SE 6593 Sep, 2018, by marketsandmarkets.com

The market for handheld type heat stress monitors was valued at USD 11.1 million in 2017 and is expected to reach USD 15.8 million by 2023, at a higher CAGR of 5.84% between 2018 and 2023.

Heat Stress Monitor Market

By application, the athletics and sports market for is expected to grow at the highest rate during the forecast period

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. Also, many EHRI cases are preventable by following heat acclimatization guidelines, using heat monitors, maintaining adequate hydration, avoiding exertion in the heat when ill, and by educating sports medicine personnel, coaches, parents, and athletes on the early recognition and prevention of EHRI. Thus, heat stress monitor is playing a crucial role in athletics safety and helps avoid heat stress–related issues in athletics.

By product, the handheld HSM sector is expected to dominate the market during the forecast period

The market for handheld type heat stress monitors was valued at USD 11.1 million in 2017 and is expected to reach USD 15.8 million by 2023, at a higher CAGR of 5.84% between 2018 and 2023. These devices are simple to use, compact, and rugged and provide quick and accurate readings by evaluating personal health conditions. Major application areas for this product are athletics, manufacturing plants, and military among others. Companies offering handheld heat stress monitors are Nielsen-Kellerman (US), Extech Instruments (US), Besantek (Canada), Sper Scientific (US), PCE instruments (Germany), General Tools & Instruments (US) and REED Instruments (US) among others.

Americas to account for the largest market size during the forecast period.

The Americas is among the important markets for heat stress monitors. The mandatory 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, the health monitoring in military, athletics, and sports applications contributes to the heat stress monitor market in this region.

Market Dynamics

Driver: Growing adoption of heat stress monitoring in athletics and military applications

Heat stress is one of the risk factors associated with long-term health problems. Compact and portable health stress monitors are used for athletics and military applications. Increasing health consciousness among people drives the demand for health stress monitors in form of portable and wearable devices. These devices are widely being used for training and monitoring activities and personal health goals. Soldiers generally operate in extreme environmental conditions. So, heat stress monitors are one of the necessary devices for soldiers. The military sector is a major driver for the growth of the heat stress monitor market as these devices provide real-time monitoring of soldiers’ health in a training ground or field, alarming the soldiers about the heat stress limits.

Restraint: Lack of strict enforcement across industries in emerging economies

The industrial sector in developing countries in Asia Pacific (APAC) and Africa is unorganized. Presently, in these regions, heat stress monitors are being adopted in developed countries, such as Australia, South Korea, and Japan, where governments have strict regulations and standards for different industries. Governments in developing countries such as India, Malaysia, Indonesia, the Philippines, South Africa, and Egypt require necessary standardizations in various industrial sectors to monitor heat stress levels. However, slow standardization of industrial regulations regarding safety is a major restraint, as employers still use conventional methods such as manual environmental testing and others. The impact of this restraint is high at present; however, in future, the impact is expected to subside as various governments worldwide are expected to come up with more standardizations and regulations to reduce the risk at workplaces.

Opportunity: Integration of AI heat stress monitor

Heat stress monitors plays a critical role in analyzing the fitness of workers, athletes, and military persons. The advancement of AI is expected to affect the heat stress monitor market. Prediction modeling based on AI techniques creates a prediction profile or an algorithm that is trained using end-user data. The model can then be deployed for the risk analysis of end users. Predictive analytics does help identify workers, athletes, and others at-risk due to excessive heat and advise them to take necessary preventive measures to avoid heat related risks. Fujitsu (Japan) developed an AI algorithm to monitor heat stress levels of workers. Thus, with the growing safety concerns for the workers around the world, it is expected that AI-based heat stress monitor will be able to give solutions based on the heat stress monitor–displayed data. Since, at present, it is very difficult to understand and requires professionals and specialized consultants for the interpretation of data to suggest the required safety measures.

Challenge: Lack of trained professionals for heat stress monitoring

According to the United States Department of Labor (USDA), employment in dairy farms is projected to decrease by 6% during 2014–2024. Similarly, according to a report of the working group on Animal Husbandry & Dairying, Government of India 2011, in India, only 34,500 veterinarians are employed for field services against the requirement of 67,000. With a decrease in the number of dairy farms and an increase in herd size globally, dairy farmers are now increasingly opting for technologically advanced livestock monitoring products over traditional tools for managing large dairy herds. Livestock monitoring products find applications in almost all functional aspects of modern dairy farms, such as animal comfort, calf management, feeding management, heat stress management, milk harvesting, and reproduction management. These applications and processes require trained professionals who can understand heat stress monitoring systems efficiently. Also, in manufacturing industries, trained professionals are needed to understand and analyze the output of heat stress monitors, which is a challenge for this market.

Heat Stress Monitor Market

Scope of the Report

Report Metric

Details

Market size available for years

2015–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Million/Billion (USD)

Segments covered

Product, Application, Offering, Technology, Sensor Type, Life Form and Geography

Geographies covered

North America, Europe, APAC, RoW

Companies covered

Nielsen-Kellerman (US), Extech Instruments (US), Besantek (Canada), Sper Scientific (US), PCE instruments (Germany), General Tools & Instruments (US) and REED Instruments (US) among others

The research report categorizes the Heat Stress Monitor to forecast the revenues and analyze the trends in each of the following sub-segments:

Heat Stress Monitor Market, By Product

  • Fix/Portable HSM
  • Handheld HSM

Heat Stress Monitor Market, By Application

  • Military
  • Athletics and Sports
  • Manufacturing Plants
  • Mining and Oil & Gas
  • Other

Heat Stress Monitor Market, By Offering

  • Hardware & Software
  • Services

Heat Stress Monitor Market, By Life Form

  • Human
  • Animals (Cattle)

Heat Stress Monitor Market, By Technology

  • Natural Wet Bulb
  • Without Wet Bulb

Heat Stress Monitor Market, By Sensor Type

  • Dry Bulb
  • Natural Wet Bulb
  • Black Globe Temperature
  • Relative Humidity and Air Flow Sensor

Heat Stress Monitor Market, By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • RoW

Key Market Players:

Nielsen-Kellerman (US), Extech Instruments (US), Besantek (Canada), Sper Scientific (US), PCE instruments (Germany), General Tools & Instruments (US) and REED Instruments (US) among others.

REED Instruments (US) has an extensive product portfolio of more than 180 measuring instruments. The company was founded in 2004 and has its headquarters in Wilmington, US. REED Instruments follows the partnership strategy to expand its business in heat stress monitoring and has a worldwide network of distributors in more than 80 countries. To compete in the heat stress monitoring business, REED Instruments follows the pricing strategy and provides economical alternative for high-priced instruments.

Recent Developments

  • In February 2018, TSI (US) acquired noise, environmental, and heat stress monitoring products of 3M (US). This acquisition is expected to enhance the value of TSI’s portfolio.
  • In October 2017, Clearview Capital Fund (US) announced the acquisition of Nielsen-Kellerman Co. The acquisition is expected to help Nielsen-Kellerman gain capital for its product innovation to develop more solutions for the company’s existing and related markets.
  • In March 2016, Romteck Australia Pty Ltd (Romteck Australia) announced a new distribution partnership with Vantaz, which provides strategic consulting, outsourced services, information technology, and technology transfer/implementation. Vantaz is a leading business improvement service provider with a strong focus on mining and heat stress equipment in Chile, Peru, and Australia.
  • In February 2018, TSI (US) acquired noise, environmental, and heat stress monitoring products of 3M (US). This acquisition is expected to enhance the value of TSI’s portfolio.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the Heat Stress Monitor market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    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 (Page No. - 16)
    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 (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Heat Stress Monitor (Hardware/Software and Services) Market, 2015–2023 (USD Million)
    4.2 Heat Stress Monitor Market, By Offering
    4.3 Market in APAC, By Application and Country (2017)
    4.4 Market (Hardware/Software and Services), By Region
    4.5 Market, By Product (2018–2023)

5 Market Overview (Page No. - 34)
    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 (Page No. - 40)
    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 (Page No. - 44)
    7.1 Introduction
    7.2 Wet Bulb
    7.3 Without Wet Bulb

8 Heat Stress Monitor Market, By Product Type (Page No. - 46)
    8.1 Introduction
    8.2 Handheld Heat Stress Monitor
    8.3 Fix/Portable Heat Stress Monitor

9 Heat Stress Monitor Market, By Offering (Page No. - 49)
    9.1 Introduction
    9.2 Hardware & Software
    9.3 Services

10 Heat Stress Monitor Market, By Life-Form (Page No. - 52)
     10.1 Introduction
     10.2 Humans
     10.3 Animals (Cattle)

11 Heat Stress Monitor Market, By Sensor Type (Page No. - 54)
     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 (Page No. - 56)
     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 (Page No. - 63)
     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 (Page No. - 82)
     14.1 Overview
     14.2 Key Players in Market (2017)
     14.3 Competitive Scenario
             14.3.1 Product Developments
             14.3.2 Acquisitions
             14.3.3 Partnerships

15 Company Profiles (Page No. - 87)
(Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     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, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 108)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
     16.5 Related Reports
     16.6 Author Details


List of Tables(34 Tables)

Table 1 Number of Occupational Injuries and Illness Caused Due to Heat Exposure in US (2015)
Table 2 Cost Diversity of Products in Market
Table 3 Integration of AI With Heat Stress Monitors is A Leading Trend in the Market
Table 4 Hardware/Software: Market, By Product, 2015–2023 (USD Million)
Table 5 Hardware/Software: Market Shipment, By Product, 2015–2023 (Thousand Units)
Table 6 Market, By Offering, 2015–2023 (USD Million)
Table 7 Hardware/Software: Heat Stress Monitor Market, By Region, 2015–2023 (USD Million)
Table 8 Services: Market, By Region, 2015–2023 (USD Million)
Table 9 Market, By Application, 2015–2023 (USD Million)
Table 10 Hardware/ Software: Market for Athletics and Sports, By Region, 2015–2023 (USD Thousand)
Table 11 Hardware/ Software: Market for Mining and Oil & Gas, By Region, 2015–2023 (USD Thousand)
Table 12 Hardware/ Software: Market for Military, By Region, 2015–2023 (USD Thousand)
Table 13 Hardware/ Software: Market for Manufacturing Plants, By Region, 2015–2023 (USD Thousand)
Table 14 Hardware/ Software: Market for Others, By Region, 2015–2023 (USD Thousand)
Table 15 Market, By Region, 2015–2023 (USD Million)
Table 16 Market for Hardware/Software, By Region, 2015–2023 (USD Million)
Table 17 Market for Services, By Region, 2015–2023 (USD Million)
Table 18 Market in the Americas, By Offering, 2015–2023 (USD Million)
Table 19 Market in the Americas for Hardware/Software, By Region, 2015–2023 (USD Thousand)
Table 20 Market in the Americas for Hardware/Software, By Application, 2015–2023 (USD Thousand)
Table 21 Market in North America for Hardware/Software, By Country, 2015–2023 (USD Thousand)
Table 22 Market in Europe, By Offering, 2015–2023 (USD Million)
Table 23 Market in Europe for Hardware/Software, By Country, 2015–2023 (USD Thousand)
Table 24 Market in Europe for Hardware/Software, By Application, 2015–2023 (USD Thousand)
Table 25 Market in APAC, By Offering, 2015–2023 (USD Million)
Table 26 Market in APAC for Hardware/Software, By Country, 2015–2023 (USD Thousand)
Table 27 Market in APAC for Hardware/Software, By Application, 2015–2023 (USD Thousand)
Table 28 Market in RoW, By Offering, 2015–2023 (USD Million)
Table 29 Market in RoW for Hardware/Software, By Country, 2015–2023 (USD Thousand)
Table 30 Market in RoW for Hardware/Software, By Application, 2015–2023 (USD Thousand)
Table 31 Top 5 Players in the Market, 2017
Table 32 Product Developments (2015–2016)
Table 33 Mergers & Acquisitions (2017–2018)
Table 34 Partnerships and Agreements (2016)


List of Figures (27 Figures)

Figure 1 Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Handheld Type is Expected to Dominate the Market During 2018–2023
Figure 7 Market for Services is Expected to Grow at A Higher CAGR During 2018–2023
Figure 8 Market for Athletics and Sports is Expected to Grow at the Highest CAGR During 2018–2023
Figure 9 Americas Estimated to Hold the Largest Share of the Hardware/Software Market in 2018
Figure 10 Increasing Demand for Heat Stress Monitors in Sports and Athletics is Driving the Market Growth
Figure 11 Services Market for Heat Stress Monitors to Grow at A Higher Rate During the Forecast Period
Figure 12 Japan Held the Largest Share of the Hardware/Software Segment of the Market in APAC in 2017
Figure 13 APAC is Expected to Grow at the Highest Rate Between 2018 and 2023
Figure 14 Market for Handheld Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Value Chain Analysis: Market
Figure 17 Market, By Wet Bulb Globe Temperature (WBGT) Technology
Figure 18 Structure of an Fix/Portable Heat Stress Monitor
Figure 19 Market, By Sensor Type
Figure 20 Market, By Application
Figure 21 Market in APAC to Grow at the Highest CAGR Between 2018 and 2023
Figure 22 Americas: Snapshot of the Market
Figure 23 Europe: Snapshot of the Market
Figure 24 APAC: Snapshot of the Market
Figure 25 Companies Adopted Acquisition as the Key Growth Strategy in the Market Between 2015 and 2018
Figure 26 Battle for Market Ranking: Product Developments and Acquisition as Key Growth Strategies
Figure 27 Flir Systems(Extech): Company Snapshot


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SE 6593
Published ON
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