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Heat Stress Meter Market to Grow by USD 24.09 K from 2024-2028, Driven by Rising Global Temperatures, Report Highlights AI’s Impact on Market Trends – Technavio

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NEW YORK, Aug. 29, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global heat stress meter market size is estimated to grow by USD 24.09 K from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.3% during the forecast period. Increasing global temperatures is driving market growth, with a trend towards growing adoption of smart heat stress meters. However, high cost of heat stress meters poses a challenge. Key market players include Accutron Instruments Inc., Air-Met Scientific Pty Ltd., Ambient LLC, Anaum Measuring Equipment LLC, Besantek Corp., GEA Group AG, General Tools and Instruments LLC, Inova Design Solutions Ltd., MISUMI India Pvt Ltd., Nielsen-Kellerman Co., PCE Holding GmbH, REED Instruments, Romteck, Run Rite Electronics Pty Ltd., SATO Holdings Corp., Sensidyne LP, Sper Scientific Ltd., Teledyne FLIR LLC, TSI Inc., and Triplett Test Equipment and Tools.

Get a detailed analysis on regions, market segments, customer landscape, and companies Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Application (Military, Oil and gas/mining, Manufacturing plants, Athletics/sports, and Others), Product (Handheld and Fix/portable), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accutron Instruments Inc., Air-Met Scientific Pty Ltd., Ambient LLC, Anaum Measuring Equipment LLC, Besantek Corp., GEA Group AG, General Tools and Instruments LLC, Inova Design Solutions Ltd., MISUMI India Pvt Ltd., Nielsen-Kellerman Co., PCE Holding GmbH, REED Instruments, Romteck, Run Rite Electronics Pty Ltd., SATO Holdings Corp., Sensidyne LP, Sper Scientific Ltd., Teledyne FLIR LLC, TSI Inc., and Triplett Test Equipment and Tools

Key Market Trends Fueling Growth

The Heat Stress Meter market is experiencing significant growth due to increasing awareness of worker safety and regulatory compliance. These meters measure the temperature and humidity levels to determine the risk of heat stress for workers. Companies are investing in this technology to protect their workforce, improve productivity, and avoid potential legal issues. The market is expected to continue expanding as more industries adopt heat stress monitoring solutions. 

The Heat Stress Meter market is experiencing significant growth due to the increasing demand for heat stress monitors in various industries. Environmental factors, such as high temperatures, humidity, and solar radiation, are driving the need for accurate sensor readings to ensure worker safety and prevent operational losses. Calibration is crucial to ensure the reliability of these devices, especially with individual variability in response to heat stress. Wearable devices, such as smartwatches and safety vests, equipped with wireless connectivity are gaining popularity in sectors like military, athletics and sports, agriculture, mining, oil and gas, transportation and logistics, and industrial production. Centralized systems and cloud-based platforms enable condition monitoring of machines and livestock, while aftermarket components and consulting services cater to the growing demand for maintenance and optimization. Heat stress monitors are essential for military personnel, athletes, and sports medicine personnel to ensure hydration and prevent heat-related illnesses. In sports and athletics, coaches, parents, and athletes use these devices to optimize training programs and ensure safety during sports activities. Companies like PCE Instruments and REED Instruments offer advanced heat stress monitors, some with AI capabilities, to cater to diverse applications. Livestock monitoring products, such as heat stress monitors for dairy farms, are also gaining traction, with veterinarians ensuring animal comfort and productivity. Sensor type plays a crucial role in the accuracy and reliability of heat stress meters. Globe thermometers and various sensor types, including infrared, thermocouple, and resistance temperature detectors, are used based on specific applications and requirements. Overall, the Heat Stress Meter market is poised for continued growth, driven by the need to ensure worker safety, optimize industrial production, and improve animal welfare in various industries. 

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Market Challenges

The Heat Stress Meter market is growing due to increasing awareness of worker safety and regulatory compliance. These meters measure the environmental heat index, helping employers ensure worker safety and productivity. Major industries like construction, manufacturing, and mining use heat stress meters to mitigate risks and maintain optimal working conditions. Market growth is driven by technological advancements, rising labor costs, and stringent regulations. Companies are investing in innovative solutions to improve accuracy, durability, and user-friendliness. The market is expected to continue expanding in the coming years.The Heat Stress Meter market encompasses various industries, including Military, Athletics and sports, Agriculture, Mining, Oil and gas, Transportation and logistics, and more. In Military, heat stress monitoring is crucial for soldier safety during training and deployment. In Athletics and sports, heat stress monitors help athletes, coaches, and sports medicine personnel ensure optimal performance and hydration during training and competitions. In Agriculture, these meters aid in livestock monitoring, ensuring animal comfort and productivity in dairy farms, with products from PCE Instruments and REED Instruments leading the way. Wearable sensors and aftermarket components are also gaining popularity. Consulting services, AI integration, and globe thermometers further expand the market scope. Sensor types cater to diverse applications, from sports activities to military personnel and mining operations. Heat stress monitors are essential for worker safety in Oil and gas, Transportation, and Logistics sectors.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This heat stress meter market report extensively covers market segmentation by

Application1.1 Military1.2 Oil and gas/mining1.3 Manufacturing plants1.4 Athletics/sports1.5 OthersProduct2.1 Handheld2.2 Fix/portableGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Military- The Heat Stress Meter market is experiencing significant growth due to increasing awareness of worker safety in industries with high heat exposure. These meters measure the temperature and humidity levels, providing real-time data to help employers ensure worker comfort and prevent heat-related illnesses. Companies invest in Heat Stress Meters to comply with regulations and maintain a productive workforce. The market is expected to continue expanding as more industries adopt these tools for occupational health and safety.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( – ) Download a Sample Report

Research Analysis

The Heat Stress Meter Market encompasses innovative solutions designed to measure and monitor heat stress levels in various industries and applications. These systems are crucial in mitigating the risks associated with extreme environmental conditions. Environmental factors such as temperature, humidity, and solar radiation are measured through sensor readings, which are then analyzed to determine heat stress levels. Calibration is essential to ensure the accuracy of these readings, and individual variability is accounted for through the use of wearable devices like smartwatches and safety vests. Aftermarket components and integration/deployment services are also available for customized solutions. The market caters to various sectors, including manufacturing plants, sports and athletics, and offers consulting services, globe thermometers, and hydration solutions. Heat monitors are essential for athletes, coaches, parents, and sports medicine personnel to ensure heat acclimatization guidelines are met during sports activities.

Market Research Overview

Heat stress meters are essential devices used to measure and monitor environmental conditions, specifically temperature and humidity, to assess the risk of heat stress for individuals and machines. These meters use sensors to record real-time readings, which are then analyzed to determine the heat index and potential risk level. Calibration is crucial to ensure accurate readings, and individual variability must be considered due to differences in human response to heat. Wearable devices, such as smartwatches and safety vests, equipped with heat stress monitors are gaining popularity in various industries. Wireless connectivity and cloud-based platforms enable condition monitoring and real-time alerts, enhancing safety and efficiency in industrial production. Centralized systems can monitor multiple sensors and provide data analysis for operational losses prevention. Heat stress monitors are used in various sectors, including military, athletics and sports, agriculture, mining, oil and gas, transportation and logistics, and livestock monitoring. Wearable sensors, aftermarket components, consulting services, and Globe thermometers are also part of the market. Sensor type, AI integration, and various applications, such as hydration management, sports medicine, and animal comfort, further expand the market scope.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Application MilitaryOil And Gas/miningManufacturing PlantsAthletics/sportsOthersProduct HandheldFix/portableGeography North AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Dun & Bradstreet India and NERAMAC sign MOU to foster MSME exporters’ growth in India

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MUMBAI, India, Dec. 23, 2024 /PRNewswire/ — Dun & Bradstreet India, a global leader in business decisioning data and analytics, has announced today that it has partnered with the Northeastern Regional Agricultural Marketing Corporation (NERAMAC) to issue D-U-N-S® Numbers to Farmer Production Organizations (FPOs) in the North Eastern region of India. 

The D-U-N-S® Number is a unique nine-digit identifier for businesses. This number is assigned once Dun & Bradstreet’s patented identity resolution process identifies a company as being unique from any other in the Dun & Bradstreet Data Cloud. It helps identify, validate, and link businesses worldwide.  

Speaking about the partnership, Preeta Misra, Senior Director – Credibility & Business Insights Group, ESG and SME, Dun & Bradstreet India said, “This is a valuable opportunity for all the Farmer Producer Organizations (FPOs) registered with NERAMAC to enhance their visibility and expand their reach both locally and globally. The Northeastern Region of India, known for its rich agricultural diversity and unique products, offers immense potential for FPOs to showcase their goods and connect with new markets. By leveraging this opportunity, these FPOs can not only gain visibility in the international markets but also contribute to the growth and development of the region’s agricultural sector on a broader scale.”  

Talking about the benefit of the D-U-N-S® Number, Misra further added, “The industry-recognized D-U-N-S® Number, an identifier for more than 590 million entities in the Dun & Bradstreet Data Cloud, provides information and linkage across business relationships, employers, and subsidiaries for more effective decision making.” 

Cmde Rajiv Ashok (Retd), Managing Director of NERAMAC said, “The logical progression for any Farmer Producer Company (FPC) is to seek opportunities and increase business. Given the geography, climatology and land holding patterns, the cultivated quantities of produce in Northeastern Region, relative to other regions of India, is relatively limited. However, the produce has its USP in terms of quality and limited exposure to chemical fertilizers/ pesticides. The obvious extrapolation from here leads to the requirement to export the produce to ensure higher income generation for farmers in FPOs/ FPCs. We believe that the Dun &Bradstreet’s D-U-N-S number will empower our FPOs/ FPCs to build credibility, increase visibility, expand across global markets, find potential customers, and identify growth opportunities. 

For details, you can get in touch with NERAMAC at cs@neramac.com or write to D&B at india@dnb.com

About NERAMAC: 

North Eastern Regional Agricultural Marketing Corporation (NERAMAC) Limited was incorporated in 1982 as a CPSE of the GoI and it now functions under the administrative control of Ministry of Development of the North Eastern Region (MDoNER). 

NERAMAC has evolved over the years and apart from its role as a marketing agency, it has in the recent years focused on capacity building. Accordingly, it is an Implementing Agency of the MoAFW 10,000 FPO Formation and Promotion scheme and has developed 220 FPOs. Significant steps have also been taken into the cold chain segment and establishment of food processing units both major and minor. Skill Training and entrepreneurship development is being undertaken in a big way with agencies like; MSDE, NSDC, FICSI, ASCI, NABARD, Min of Social Justice etc. With the mandate now extending into Fisheries and Dairy sectors, it is expected that in the near future, the reach of NERAMAC in NER would further extend. 

About Dun & Bradstreet: 

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions across finance, risk, compliance, information technology and marketing. Working towards Government of India’s vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity.  

India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses.  

Visit www.dnb.co.in for more information. Click here for all Dun & Bradstreet India press releases. 

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GDIN Support Strengthens South Korea’s Digital Twin Industry

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Investment results in 18 signed agreements and $17,210,000 in potential export deals

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Global Digital Innovation Network (GDIN), the South Korean foundation formerly known as Born2Global Centre, is announcing the results of its investment in the overseas expansion of several digital twin technology companies.

Successfully fostering South Korea’s digital twin industry

Focusing on their global competitiveness and growth, GDIN has aimed to bolster ten Korean companies innovating in digital twin technology:

VEStellaLabSIMACRO7meerkatCare&CoTildaQUVEVSLTIM SolutionRECON LabsNAONWORKS

These efforts resulted in a total of 18 signed agreements, including MoUs, NDAs, and business contracts. There were 733 total export consultation cases conducted, leading to potential export deals worth up to $17,210,000.

Ji Ryung Chung, CEO of Tilda, a machine learning-based business optimization solution company, stated, “With the support of GDIN’s digital twin company assistance program, we were able to connect with potential business partners in the Middle East, including the UAE, and establish a collaborative relationship with a research institution in Luxembourg, laying the foundation for our entry into the European market.”

GDIN CEO Jongkap Kim remarked, “Digital twin technology companies possess the capability to blur the boundaries between the digital and physical worlds. Similarly, we strive to ensure that national borders are not barriers for digital technology companies either.” He emphasized that GDIN will continue to support these companies for their global success.

Incubating innovation

GDIN’s support included a range of resources and assistance. Firstly, its professional consulting services assisted with analyzing the current status of each company’s target markets, assessing the feasibility of market entry, and formulating market entry strategies.

To sharpen competitiveness in technologies offered, GDIN facilitated each company’s efforts to evaluate, improve, and comply with the digital twin solution standard ISO 23247. The foundation also provided assistance to complete software quality certifications based on the ISO/IEC 25023 quality standard.

Finally, support covered promotional activities such as participation in international exhibitions—such as GITEX Expand North Star 2024—to assist with identifying potential customers and business partners.

To learn more about GDIN, please follow their LinkedIn page: https://www.linkedin.com/company/gdinfoundation/

Or visit: www.gdinfoundation.com

About Global Digital Innovation Network

Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the South Korean Ministry of Science & ICT (MSIT), is an independent foundation that promotes and fosters collaboration between next-level innovative companies from South Korea and the world.

Since 2013, we have established 160 international partnerships, supported 3k tech companies, conducted 20k consultation sessions, and helped companies raise $3.6 billion USD in investments. We are passionate about becoming the global leader for digital transformation through international partnerships, and we strive to redefine the future of digitalization on a global scale.

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Siraj Finance PJSC signs an agreement with Azentio for iMAL core and digital financial services solution subscription optimization

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SINGAPORE, Dec. 23, 2024 /PRNewswire/ — Siraj Finance PJSC, a leading Islamic Finance Company in the UAE, has signed an agreement with Azentio, a pioneer in the core banking technology service provider. The agreement represents the collaboration for implementation of the core and digital banking solution to further enhance the operational capabilities and digitization of Siraj Finance’s product and service offerings. The step is directly in line with Siraj Finance’s goal of providing diversified Islamic financial products and services via channels that are innovatively utilizing latest technology while remaining customer centric and regulatory compliant.

Mr. Amjad Hijazi – Chief Operating Officer, Mr. Joseph Daniel – Chief Business Intelligence & Strategy Officer, Mr. Syed Moosa Kaleem Al Falahi – Chief Business & Investment Officer and Mr. Fazal Nassim – Chief Governance & Compliance Officer represented Siraj Finance, whereas Mr. Rahul Arora – Chief Sales Officer, Mr. Harkaran Singh – Senior Vice President, Middle East & Africa, Mr. Zaher El Khatib – Vice President Global Islamic Banking Sales, Mr. Alfred Quertier – Director Global Sales Engineering and Mr. Bhushan Kelkar – Vice President Sales represented Azentio, in the signing ceremony.

Commenting on the partnership, Mr. Amjad stated, “We are delighted to be working with Azentio as our technology partner of choice to empower our ongoing business growth. For us, iMAL and its comprehensive functionality coupled with the adherence to Islamic principles, align with our goals, allowing our team to streamline processes, enhance productivity and elevate the omnichannel customer journey.”

Mr. Rahul added, “We are extremely pleased to partner with Siraj Finance to deliver a user-friendly digital financial services experience to both their retail and corporate customers. This partnership reflects our ongoing commitment to empowering financial institutions in the region with cutting-edge technology designed to meet both current and future needs.”

About Siraj Finance

Siraj Finance is a private joint stock company based in Abu Dhabi and regulated by the Central Bank of the UAE. Established in 1999, it proudly offers a multitude of financial products, designed in compliance with the Sharia principles. It caters to Corporates, Small and Medium Enterprises (SMEs) and individuals, with the objective of providing a variety of tailored product and service options that are best fit for their aspirations and needs.

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