Increase in the demand for high precision & very high response time for temperature sensing with rising demand from oil & gas applications all over the globe will boost the manufacturing of advanced distributed temperature sensing systems for the rapidly growing industries.
According to TechSci Research report, “Distributed Temperature Sensing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the global distributed temperature sensing market is growing on account of the increasing demand for monitoring continuous temperature change over the long distances with larger surface areas in the oil & gas sectors of the rapidly growing industries. Moreover, the need for the enhanced safety and security for maximum productivity will positively influence the Global Distributed Temperature Sensing Market in the upcoming years.
In the Global Distributed Temperature Sensing Market, North America was the largest contributor of the market share in 2022. United States (US) is the largest contributing country in the region for the forecast period, followed by Canada and Mexico. Being the world’s largest Distributed Temperature Sensing manufacturers and exporter, North America’s growing urbanization and research technologies are contributing to the country’s leading market position. Meanwhile, Asia-Pacific is growing at a quicker pace due to its increasing temperature monitoring demand in the forecast years with the ongoing advancements in R&D for the need for miniature sensing systems in the upcoming years.
With the rise in the need for technological advancements in the fiber-optics industry, the global distributed temperature sensing market is going to grow in the coming years. Those opto-electronic devices provide a continuous outline for the temperature distribution along the cable. Initiated in the 1980s, distributed temperature sensing systems have experienced significant improvements in the technology and the application scenario over the last decades. Distributed temperature sensing systems are one of the most promising directions in the development of systems for controlling the temperature of high-voltage power lines, fire alarm systems, oil and gas fields, etc.
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The Global Distributed Temperature Sensing Market can be segmented based on operating principle, fiber type, application, region and competitive landscape. In terms of operating principle, the market can be divided into Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry. The Optical Time Domain Reflectometry segment dominated in 2022 due to the high demand for high accuracy and precision in detecting temperature change over larger distances with the growing economies. The demand for the ease of monitoring continuous change in the temperature drives the Optical Time Domain Reflectometry segment of the Global Distributed Temperature Sensing Market.
On the basis of Fiber type, the market is branched into Single-Mode Fiber and Multi-Mode Fiber. The Single-Mode Fiber segment dominated the market in 2022 owing to its need for temperature monitoring in larger surfaces of petroleum sectors, submarines and underground areas. This increase is due to the high temperature monitoring in hydrogen based darkening effect. Based on application, the market can be segmented into Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental Monitoring. The Oil & Gas segment accounts for the largest market share in 2022 due to the increasing proliferation in the industries with the generation of significant revenue in the market.
Companies operating in the market are using organic strategies to develop and launch new products with mergers and acquisitions to boost their shares in the Global Distributed Temperature Sensing Market. Significant players in the market are concentrating on accomplishing ideal operational expenses, upgrading the system response time, enhancing accuracy, boosting productivity with high funding in R&D, and boosting performance in the competitive Distributed Temperature Sensing market.
Key market players in the Global Distributed Temperature Sensing market include:
- Baker Hughes Company
- Schlumberger Limited
- LIOS Technology GMBH
- Halliburton Company Corporation
- Yokogawa Electric Corporation
- AP Sensing GmbH
- Bandweaver Technologies Pvt. Ltd.
- Sensornet Limited
- Sumitomo Electric Industries, Ltd.
- Weatherford International plc
Recent Developments
In October 2019, OneSubSea, a secondary of Schlumberger, was endowed a contract by A/S Norske Shell (Norway), an oil & energy company. The company signed the agreement for an engineering, procurement, construction, and installation (EPCI) contract for the resource of a subsea multiphase compression system for the Ormen Lange field in the Norwegian Sea.
In February 2020, SOCAR-AQS (Azerbaijan) and Halliburton employed a memorandum of understanding (MOU) to form a new mutual endeavor to provide a broad collection of oilfield products and facilities in Azerbaijan.
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“Ongoing advancements in R&D with the need for miniature sensing systems across the globe are boosting the Global Distributed Temperature Sensing Market in the forecast years. The extensive need for temperature sensing systems with high precision among subsea areas of industries is a boosting factor for the market globally. Moreover, supportive government policies for distributed temperature sensing technologies has also been positively influencing the market with a continuous urge for launching new products in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Distributed Temperature Sensing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Operating Principle (Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry), By Fiber Type (Single-Mode Fiber and Multi-Mode Fiber), By Application (Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental Monitoring), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of Global Distributed Temperature Sensing Market and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the Global Distributed Temperature Sensing Market.
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