Global Distributed Temperature Sensing Market Report 2020-2025 - Growing Demand for Labor Safety at Workplaces, Increasing Applications in the Oil & Gas Industry
DUBLIN, March 20, 2020 /PRNewswire/ -- The "Distributed Temperature Sensing Market by Operating Principle (OTDR, OFDR), Fiber Type (Single-mode Fibers, Multimode Fibers), Scattering Method (Rayleigh Effect, Raman Effect, Brillouin Effect), Application, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
The overall distributed temperature sensing market is expected to grow from USD 734 million in 2020 to USD 958 million by 2025, at a CAGR of 5.5%.
Growing demand for labor safety at workplaces, reliability of DTS systems/sensors for sensing and monitoring applications in harsh environments, and increasing applications in the oil & gas industry are driving the growth of this market. However, optical cables are prone to physical damage; this factor restrains the market growth.
Oil & gas application to hold largest share of distributed temperature sensing market until 2025
The oil & gas application is expected to hold the largest market size during the forecast period. DTS technology has become an integral part of the oil & gas industry. DTS systems help in continuous, real-time downhole monitoring to optimize the operational and economic performance of assets. This enables reservoir engineers to gain a better understanding of the injection and production dynamics, and accordingly optimizing the production and improving recovery, subsequently leading to improved profits. Hence, there is an increasing focus on adopting the technology for improving the productivity of brownfield operations.
Rest of the World (RoW) to be the largest market for distributed temperature sensing until 2025
Rest of the World (RoW) is expected to hold the largest share of the distributed temperature sensing market during the forecast period. The Middle East is expected to offer a huge platform for the potential growth of the distributed temperature sensing market. Countries in the Middle East are the largest producers of crude oil in the world; the increasing use of DTS systems for various oil and gas applications is driving the growth of the DTS market in this region. With the increasing global demand for energy, the oil & gas industry in this region is also going through changes and is increasingly incorporating innovative technologies in its processes and operations.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Distributed Temperature Sensing Market
4.2 Market, By Scattering Method
4.3 Market, By Application
4.4 Market in North America, By Application and Country
4.5 Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Labor Safety at Working Sites
5.2.1.2 Reliability of DTS Systems/Sensors for Sensing and Monitoring Applications in Harsh Environments
5.2.1.3 Increasing Applications in the Oil & Gas Industry
5.2.2 Restraints
5.2.2.1 Optical Cables are Prone to Physical Damage
5.2.3 Opportunities
5.2.3.1 Increasing Safety Norms and Supportive Government Policies Related to Leakage Detection
5.2.3.2 Increasing Adoption of Data-Based Analytics
5.2.4 Challenges
5.2.4.1 High Costs Associated With DTS Systems
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
6 Distributed Temperature Sensing Market, By Operating Principle
6.1 Introduction
6.2 Optical Time Domain Reflectometry (OTDR)
6.2.1 OTDR Principle Held Larger Market Share in 2019
6.3 Optical Frequency Domain Reflectometry (OFDR)
6.3.1 OFDR Principle to Hold Smaller Market Size During Forecast Period Due to Limited Characteristics of OFDR-Based DTS Systems
7 Distributed Temperature Sensing Market, By Fiber Type
7.1 Introduction
7.2 Single-Mode Fiber
7.2.1 Single-Mode Fiber Held Smaller Size of DTS Market in 2019
7.3 Multimode Fiber
7.3.1 Multimode Fiber-Based DTS Systems are Used in Applications That Demand Shorter Distance Coverage
8 Distributed Temperature Sensing Market, By Scattering Method
8.1 Introduction
8.2 Rayleigh Scattering Effect
8.2.1 Rayleigh Scattering Effect to Witness Highest Growth Rate During Forecast Period
8.3 Raman Scattering Effect
8.3.1 Raman Scattering Effect is Witnessing Increasing Demand for use in DTS Systems for Safety and Security Applications
8.4 Brillouin Scattering Effect
8.4.1 Increasing use in Downhole Oil Monitoring Would Drive Market for Brillouin Scattering During Forecast Period
9 Distributed Temperature Sensing Market, By Application
9.1 Introduction
9.2 Oil & Gas
9.2.1 Upstream
9.2.1.1 Downhole Monitoring
9.2.1.1.1 Rising Demand for Downhole Monitoring in Oil & Gas Plants to Propel Growth of Market for Oil & Gas Application
9.2.1.2 Slickline and Wireline Interventions Monitoring
9.2.1.2.1 High Implementation of DTS Systems for Wellbore Monitoring in Oil and Gas Plants
9.2.2 Downstream
9.3 Power Cable Monitoring
9.3.1 DTS Sensors are Used for Detecting Hotspots in Power Cables to Prevent Untoward Incidents
9.4 Fire Detection
9.4.1 Industrial Conveyors Monitoring
9.4.1.1 Monitoring Heat Detection Through DTS Systems Propel Its Demand in Industrial Conveyors Monitoring
9.4.2 Special Hazard Environments Fire Monitoring
9.4.2.1 Increasing Awareness Regarding Fire Protection in Hazardous Environments to Drive DTS Market Growth for Fire Detection Application
9.5 Process & Pipeline Monitoring
9.5.1 Leakage Detection
9.5.1.1 DTS Market for Leakage Detection Application to Witness Steady Growth During the Forecast Period
9.6 Environmental Monitoring
9.6.1 Growing Focus on Ecological and Sewer Monitoring to Propel use of DTS Systems
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US to Remain Largest Market for DTS in North America During Forecast Period
10.2.2 Canada
10.2.2.1 Extensive Oil Production Activities Fuel Demand for DTS Systems in Canada
10.2.3 Mexico
10.2.3.1 Growing Need for Fire Detection in Warehouses in Mexico Drives Demand for DTS Systems
10.3 Europe
10.3.1 UK
10.3.1.1 Increasing Need for Fire Protection Measures in Infrastructures to Drive DTS Market in the UK
10.3.2 Germany
10.3.2.1 DTS Market in Germany Expected to Witness Highest Growth Among All European Countries During the Forecast Period
10.3.3 France
10.3.3.1 Growth of DTS Market in France Primarily Depends on Power Cable Monitoring and Fire Detection Applications
10.3.4 Russia
10.3.4.1 Russia Expected to Lead European DTS Market During the Forecast Period
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.1.1 China Held Largest Share of DTS Market in APAC in 2019
10.4.2 Japan
10.4.2.1 Growing Need for Power Cable Monitoring to Boost DTS Market in Japan
10.4.3 India
10.4.3.1 Strong Oil & Gas Sector and Rapid Expansion of Power Transmission Network Drive DTS Market in India
10.4.4 South Korea
10.4.4.1 Need to Comply With Fire Safety Norms DTS Market in South Korea
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.1.1 Middle East Expected to Lead RoW DTS Market Throughout Forecast Period
10.5.2 Africa
10.5.2.1 Government Initiatives to Enhance Industrial Sector are Likely to Drive DTS Market in Africa
10.6 South America
10.6.1 Brazil
10.6.1.1 Brazil Expected to Register Highest Growth Rate in South America During the Forecast Period
10.6.2 Argentina
10.6.2.1 Economic and Regulatory Changes in Energy & Power Sector Will Boost DTS Market in Argentina
10.6.3 Venezuela
10.6.3.1 DTS Systems are Used for Safe Production and Transportation of Petrochemical Products in Venezuela
10.6.4 Rest of South America
11 Competitive Landscape
11.1 Introduction
11.2 Market Player Ranking Analysis
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
11.4 Strength of Product Portfolio (25 Companies)
11.5 Business Strategy Excellence (25 Companies)
11.6 Competitive Scenario
11.7 Competitive Situations & Trends
11.7.1 Contracts/Collaborations/Agreements/Joint Ventures/Partnerships
11.7.2 Product Launches
11.7.3 Acquisitions
11.7.4 Expansions
12 Company Profiles
12.1 Key Players
12.1.1 Schlumberger Limited
12.1.1.1 Business Overview
12.1.1.2 Products Offered
12.1.1.3 Recent Developments
12.1.1.4 SWOT Analysis
12.1.2 Halliburton Company
12.1.3 Yokogawa Electric Corporation
12.1.4 Weatherford International PLC
12.1.5 Sumitomo Electric Industries, Ltd.
12.1.6 OFS Fitel, LLC
12.1.7 AP Sensing GmbH
12.1.8 Bandweaver Technologies
12.1.9 GESO GmbH & Co.
12.1.10 NKT Photonics
12.2 Other Companies
12.2.1 Omicron Electronics GmbH
12.2.2 AFL
12.2.3 Micron Optics, Inc.
12.2.4 Avencom
12.2.5 Sensornet Limited
12.2.6 Omnisens SA
12.2.7 Optromix, Inc.
12.2.8 Ziebel AS
12.2.9 Silixa Ltd.
12.2.10 Tendeka
For more information about this report visit https://www.researchandmarkets.com/r/wdge7s
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
