The distributed temperature sensing (DTS) is a temperature measurement technique that delivers continuous monitoring for the entire cable length covering all the critical measurement points. The distributed temperature sensing system was mainly developed for the oil and gas industry to help reservoir engineers in enhancing the monitoring techniques. The growth of distributed temperature sensing market is attributed to the supportive government policies pertaining to safety.
MARKET DYNAMICS
The high demand from the oil and gas industry, attached with high reliability and wide coverage of DTS systems, are some of the significant factors driving the growth of the distributed temperature sensing market. However, the troubleshooting process and complex fault detection are some of the major factors which may restrain the growth of the distributed temperature sensing market. Nevertheless, the rise in investment in smart grid technology and the power industry is anticipated to offer new opportunities for distributed temperature sensing market expansion.
MARKET SCOPE
The "Global Distributed Temperature Sensing Market Analysis to 2028" is a specialized and in-depth study of the distributed temperature sensing market with a special focus on the global market trend analysis. The report aims to provide an overview of distributed temperature sensing market with detailed market segmentation by fiber type, operating principle, application. The global distributed temperature sensing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading distributed temperature sensing market players and offers key trends and opportunities in the distributed temperature sensing market.
MARKET SEGMENTATION
The global distributed temperature sensing market is segmented on the basis of fiber type, operating principle, application. On the basis of fiber type, the market is segmented as single-mode fibers, multimode fibers. On the basis of operating principle, the market is segmented as optical time domain reflectometry (OTDR), optical frequency domain reflectometry (OFDR). On the basis of application, the market is segmented as oil and gas production, power cable monitoring, pipeline surveillance, fire detection, environmental monitoring, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global distributed temperature sensing market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The distributed temperature sensing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting distributed temperature sensing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the distributed temperature sensing market in these regions.
MARKET PLAYERS
The reports cover key developments in the distributed temperature sensing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from distributed temperature sensing market are anticipated to lucrative growth opportunities in the future with the rising demand for distributed temperature sensing market. Below mentioned is the list of few companies engaged in the distributed temperature sensing market.
The report also includes the profiles of key distributed temperature sensing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AFL
- AP Sensing
- Bandweaver
- Halliburton
- NKT Photonics
- OFS Fitel, LLC
- Schlumberger Limited
- Sumitomo Electric Industries, Ltd
- Weatherford International
- Yokogawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.