Distributed Temperature Sensing (DTS) Market To Record Profitable Growth, Revenue To Surge To US$ 815.57 Million By 2022

10-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global distributed temperature sensing (DTS) market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Schlumberger N.V., Weatherford International PLC, Furukawa Electric Company, LIOS Technology GmbH, and Omicron Electronics are some of the key vendors of distributed temperature sensing (DTS) across the world. These players across distributed temperature sensing (DTS) market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the distributed temperature sensing (DTS) market study.

In a major breakthrough witnessed across distributed temperature sensing (DTS) market, in August 2018, Understory, the weather network & analytics firm, declared to work in collaboration with University of Massachusetts Amherst as well as Colorado State University on  City Warn™ project of CASA(Collaborative Adaptive Sensing of the Atmosphere)that uses  distributed temperature sensing networks to measure temperature. Understory is going to provide weather information to CASA, thereby assisting it in understanding, predicting, and responding to climate hazards.

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This review is based on a report by Zion Market Research, titled Distributed Temperature Sensing (DTS) Market by Operating Principle (OTDR and OFDR) by Fiber Type (Single-Mode Fiber and Multi-Mode Fiber) for Oil & Gas, Power Cable Monitoring, Fire Detection, Process & Pipeline Monitoring and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022”- Report at http://www.zionmarketresearch.com/report/distributed-temperature-sensing-market

As estimated in this report, the global distributed temperature sensing (DTS) market stood at US$ 515.52 million in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this market is expected to reach US$ 815.57 million by the end of the forecast period. The main types available in distributed temperature sensing (DTS) market are single-mode fiber and multi-mode fiber.

Global-Distributed-Temperature-Sensing

Myriad Applications Across Oil & Gas Sector To Impel Business Progress

“High demand from oil & gas sector along with growing installation of power-conserving and tiny sensors in myriad industrial applications is likely to augment the growth of distributed temperature sensing (DTS) market over the years to come,” says the author of this study. Apart from this, increase in Brownfield operations & activities for constructing new structures on age-old locations is anticipated to enlarge the scope of distributed temperature sensing (DTS) market sphere over the coming years.

Technical issues related to distributed temperature sensing device can hamper the distributed temperature sensing (DTS) market space in the years ahead. Nevertheless, the strict enforcement of safety standards along with favorable government guidelines is anticipated to boost demand for distributed temperature sensing (DTS) market over the ensuing years, normalizing the impact of hindrances on the distributed temperature sensing (DTS) market, reports the study.

High Product Demand In Power Cables To Spur APAC’s Regional Dominance

Regionally, Asia Pacific has been leading the worldwide distributed temperature sensing (DTS) market and is anticipated to continue on the dominant position in the years to come, states the market study. Escalating demand for the systems in oil & gas and power cable monitoring applications is the main factor behind the dominance of the distributed temperature sensing (DTS) market. The high number of market players being headquartered in APAC is another significant factor that is supporting the growth of distributed temperature sensing (DTS) market in the region.

The global distributed temperature sensing (DTS) market is segmented as follows:

By Operating Principles

  • OTDR
  • OFDR

By Fiber Type

  • Single-Mode Fiber
  • Multi-Mode Fiber

By Application

  • Oil & Gas
  • Power Cable Monitoring
  • Fire Detection
  • Process & Pipeline Monitoring 
  • Others Applications

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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