Distributed Temperature Sensing (DTS) Global Market Research and Analysis – Industry Trends, Report, Demand, Share, Overview, Outlook and Forecast Till 2022
Research study says global distributed temperature sensing (DTS) market was valued at $486 million in 2015, and is expected to reach $819 billion by 2022, growing at a CAGR of 7.9% from 2016 to 2022, Ask for sample@ http://www.researchbeam.com/distributed-temperature-sensing-DTS-market/request-sample
Recent research added report on “Worldwide Distributed Temperature Sensing (DTS) Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Distributed Temperature Sensing (DTS) Market by Fiber Type (Single-Mode Fiber and Multimode Fiber), Operating Principle (Optical Time Domain Reflectometry (OTDR) and Optical Frequency Domain Reflectometry (OFDR)), and Application (Oil & Gas Production, Power Cable Monitoring, Pipeline Surveillance, Fire Detection, Renewable Energy, and Other Applications) – Global Opportunity Analysis and Industry Forecast, 2014-2022”
Distributed temperature sensing (DTS) is a real-time temperature measurement technique that provides continuous monitoring for the entire length of the cable covering all the critical measurement points. A DTS system was mainly developed for the oil & gas industry to assist reservoir engineers in optimizing the monitoring techniques. The growth of DTS market is attributed to the increase in safety norms and supportive government policies across different regions. Furthermore, high demand from oil & gas applications coupled with high reliability and wide coverage of DTS systems is expected to fuel the market growth significantly. However, technical awareness about sensor cables and high implementation costs may have an adverse effect on the growth of this market. Increasing subsea operations in the oil & gas industry provide numerous growth opportunities to the DTS market.
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The global DTS market is segmented on the basis of fiber type, operating principle, and application. Based on fiber type, the market is bifurcated into single-mode fiber and multimode fiber. Based on the operating principle, it is segmented into optical time domain reflectometry (OTDR) and optical frequency domain reflectometry (OFDR). Based on application, it is divided into oil & gas production, power cable monitoring, pipeline surveillance, fire detection, renewable energy, and other applications. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the DTS market include STMicroelectronics N.V., NXP semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Inc., Atmel Corporation, Texas instruments Inc., Robert Bosch GmbH, Johnson controls international PLC, Sony Corporation, and Honeywell International, Inc.
POTENTIAL BENEFITS FOR STAKEHOLDERS
- This report provides an in-depth analysis of the global DTS market, along with current trends and future estimations to identify lucrative investment opportunities.
- Key drivers, opportunities, and restraints that impact the market are analyzed.
- Porter’s Five Forces analysis highlights the potency of buyers & suppliers to facilitate better decision-making for stakeholders and strengthen their supplier & buyer networks.
- Market estimation of geographical regions is based on the current market scenario and future trends.
MARKET SEGMENTATION
BY FIBER TYPE
- Single-Mode Fiber
- Multimode Fiber
BY OPERATING PRINCIPLES
- Optical Time Domain Reflectometry (OTDR)
- Optical Frequency Domain Reflectometry (OFDR)
BY APPLICATION
- Oil & Gas Production
- Power Cable Monitoring
- Pipeline Surveillance
- Fire Detection
- Environmental monitoring
- Renewable Energy
- Other Applications (Process Monitoring and Sewer Monitoring)
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