Distributed Temperature Sensing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Operating Principle (Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry), By Fiber Type (Single-Mode Fiber and Multi-Mode Fiber), By Application (Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDistributed Temperature Sensing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Operating Principle (Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry), By Fiber Type (Single-Mode Fiber and Multi-Mode Fiber), By Application (Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental
Global Distributed Temperature Sensing Market is driven by the rising demand for safety and security in the oil & gas sectors, expected to grow at a healthy CAGR during forecast period. This growth is on account of the new technological advancements with the rapid development in detection of very small changes in the temperature in the forecast years. The Distributed Temperature Sensing (DTS) is basically used for the measurement of temperature across several fiber optic applications using optical fiber cables. Numerous advantages of DTS system include resistance to ionizing radiation, compact size, and insusceptibility to electromagnetic interference. These advantages have boosted their usage for sensing and measuring temperature across different applications, such as oil & gas, power & utility, and others.
Distributed temperature sensing is an emergent technology; therefore, its implementation across water-based applications has increased in the past years. A wide range of geophysical methods are being considered for monitoring hydrologic processes at large scales and the catchment. The demand for various geophysical methods is rising rapidly, in order to quantify the instabilities between surface water and groundwater. All these factors are projected to contribute to the rising adoption of DTS.
By directing a laser light along the fiber-optic cable, the DTS through fiber optics is transmitted. The incident light scatters as a result of photons' interactions with the chemical structures of the fiber. Temperature is measured using the variation in optical powers that has been observed. In hydrologic processes, the distribution temperature sensing is employed in a variety of applications, including determining transmissive fractures in bedrock boreholes and evaluating the interaction of a stream and an estuary in the aquifer.
Increasingly, groundwater discharge zones are being identified by the use of distributed temperature sensing to track temperature variations in the stream bed. Additionally, downhole temperature can be monitored with distributed temperature sensing to examine hydrogeological processes with high spatial and temporal frequency. The use of these sensors in passive mode for on-site groundwater flow, in-well flow, and subsurface thermal property assessment is also becoming more common. Such factors are significantly boosting the utilization of distributed temperature sensors, which is fuelling market expansion.
Need for Enhanced Safety at any Industrial Workplace is Fuelling the Market Growth
The petroleum industry has been witnessing consistent growth for the past few decades. Over a period, advanced technological instruments are launched invarious industries such as oil & gas, power monitoring, etc., to increase production, which has created a huge demand for safety and security at the workplace. Moreover, due to this increased demand for sensing in harsh environments with high pressure and temperature, the distributed temperature sensing market is expected to witness continuous growth in the coming years.
Increasing Proliferation of Optic Fiber Sensing Cable is Driving the Market Growth
Rising demand for temperature sensing with high accuracy and very high response time is going to increase the need for optic fiber-based temperature sensing systems. The high production of fiber cables for sensing applications is going to increase the distributed temperature sensing market in the forthcoming years. These fiber optic sensors are appropriate for rough conditions including high vibrations, noise, extreme heat, unstable and wet environments.
High Productivity in the Ever-growing Applications is Driving the Market Growth
The demand for high productivity of fiber optic-based sensors is increasing due to the rise in the requirement for temperature sensing over longer distances with larger surface areas. Many industries like subsea, marines etc., are still growing that increases the need for more accurate detection of even the small change in temperature. This increase in the applications of temperature sensing is going to boost the global distributed temperature sensing market in the forecast years.
Market Segmentation
Company Profiles
Baker Hughes Company, Schlumberger Limited, LIOS Technology GMBH, Halliburton Company Corporation, Yokogawa Electric Corporation, AP Sensing GmbH, Bandweaver Technologies Pvt. Ltd., Sensornet Limited, Sumitomo Electric Industries, Ltd., Weatherford International plc
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Operating Principle By Fiber Type By Application By Region |
| Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa and South America |
| Country Scope | China, Japan, India, Australia, South Korea, United States, Canada, Mexico, Germany, United Kingdom, France, Russia, Spain, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
| Key Companies Profiled | Baker Hughes Company, Schlumberger Limited, LIOS Technology GMBH, Halliburton Company Corporation, Yokogawa Electric Corporation, AP Sensing GmbH, Bandweaver Technologies Pvt. Ltd., Sensornet Limited, Sumitomo Electric Industries, Ltd., Weatherford International plc, among others |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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