iCrowd Newswire – Jul 18, 2020
As per a P&S Intelligence report, the global heat stress monitor market is predicted to attain a revenue of $62.5 million by 2030, exhibiting a CAGR of 2.7% during the time period 2020–2030. The market is registering growth due to the rising adoption of heat stress monitors because of strict safety and environmental regulations that have been implemented for workplaces and increasing demand for these devices from the oil & gas and mining industries.
In terms of product, the heat stress monitor market is divided into fixed and portable/handheld, between which, the portable/handheld division dominated the market in 2019. This can owing to the dynamic nature of these devices that allow the users to carry them around the field. Portable/handheld stress heat monitors are utilized to monitor the intensity of heat stress in different conditions, which range from underground mines to industrial workplaces.
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The objective of this research includes;
- Historical and the present size of the heat stress monitor market
- Future potential of the market through its forecast for the period 2020– 2030
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the gene therapy market and their service offerings
- Recent strategic developments by the major players in the market
When geography is considered, North America dominated the heat stress monitor market in 2019 and is expected to create the largest demand for these devices in the coming years as well. The major reason for this is the mandatory safety standards in workplaces, particularly in the oil & gas and mining industries in the region. On the basis of technology, the market is bifurcated into dry and wet bulb, between which, the wet bulb division is predicted to register the faster growth in demand in the coming years.
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This can be owing to the ability of this technology to monitor different environmental factors, such as relative humidity, temperature, and airflow. The current COVID-19 crisis is impacting original equipment manufacturers in all regions, and has obstructed global shipments to a large extent. The supply chain has slowed down due to the pandemic and has led to the delay of deployments of heat stress monitors in several industries.
The research includes detailed analysis of;
Based on Offering
Based on Technology
- Wet Bulb
- Dry Bulb
Based on Product Type
Based on Sensor Type
- Globe Thermometer
- Natural Wet Bulb
- Dry Bulb
- Air Flow
Based on Application
- Athletics & Sport
- Mining and Oil & Gas
- Manufacturing Plants
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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Keywords: Heat Stress Monitor Market, Heat Stress Monitor Market Size, Heat Stress Monitor Market Share, Heat Stress Monitor Market Demand, Heat Stress Monitor Market Drivers, Heat Stress Monitor Market Growth, Heat Stress Monitor Market Forecast, Heat Stress Monitor Market Dynamics