19-Aug-2019 | Zion Market Research
Zion Market Research has published a new report titled “Distributed Acoustic Sensing Systems Market By Type (Single Mode and Multimode) and By Application (Injection Flow, Production Flow, Wellbore Integrity Monitoring, Cross Well Analysis, Transport Tracking and Health Monitoring, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global distributed acoustic sensing systems market was USD 350 million in 2018 and is expected to reach around USD 922 million by 2027, growing at a CAGR of 11.7% between 2019 and 2027.
A distributed acoustic sensing system (DAS) is a fiber optic optoelectronic instrument that measures acoustic interactions along with the linear measure of a fiber optic sensing cable. The combination of optical fiber and light speed creates a mechanism insulated from environmental interference, which provides a continual or scattered temperature profile along the length of the sensing cable.
Browse the full “Distributed Acoustic Sensing Systems Market By Type (Single Mode and Multimode) and By Application (Injection Flow, Production Flow, Wellbore Integrity Monitoring, Cross Well Analysis, Transport Tracking and Health Monitoring, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027” Report at https://www.zionmarketresearch.com/report/distributed-acoustic-sensing-market
Distributed acoustic sensors can detect variations at different intervals over long distances, which make these sensors perfect for operating in remote and harsh environments. These conditions are normal in oilfield applications and the petroleum industry. A large number of companies are utilizing these sensors, due to their capabilities to determine physical properties and flow characteristics inside the pipes and near the wellbore. Moreover, technological advancements in the material sciences sector, such as development in glass chemistry delivering strong fiber cables, better algorithms, and enhancements in computer processing speed, have enabled data collection and interpretation methods easier and faster. All these factors are anticipated to drive the distributed acoustic sensing systems market. DAS technology is deployed in the oil and gas industry to monitor temperature and pressure, increase production volumes, and improve safety. The rising demand for sensing in rough environments coupled with rugged optical fiber technology development has significantly benefitted the oil and gas industry. This is another major factor fuelling the distributed acoustic sensing systems market. However, since the last few years, the distributed acoustic sensing systems market has been negatively affected by the significant decline in global oil prices.
On the basis of type, the market for distributed acoustic sensing systems is bifurcated into a multimode and single mode. The multimode segment is projected to hold the highest market share while single mode segment is anticipated to grow significantly over the estimated time period. By application, the distributed acoustic sensing systems market includes wellbore integrity monitoring, cross well analysis, injection flow, transport tracking, and health monitoring, production flow, and others. The production flow segment is likely to hold the largest market share, whereas the cross well analysis segment is anticipated to grow rapidly over the projected time period.
Europe is expected to hold a considerable share of the distributed acoustic sensing systems market in the years ahead, owing to rapid advancements witnessed in various technologies and the regional presence of prominent players. The North American distributed acoustic sensing systems market is anticipated to grow modestly over the projected time period, owing to improved infrastructure in major countries like the U.S. and Canada.
Some noticeable players in the distributed acoustic sensing systems market are Banweaver, Fotech Solutions, Future Fiber Technologies, Halliburton, Hifi Engineering, Omnisens, OptaSense, Schlumberger Limited, Silixa, and Ziebel.
This report segments the global distributed acoustic sensing systems market into:
Global Distributed Acoustic Sensing Systems Market: By Type
Global Distributed Acoustic Sensing Systems Market: By Application
Global Distributed Acoustic Sensing Systems Market: By Region
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