Distributed Temperature Sensing (DTS) Systems Market Worth $828.4 Million by 2020
Apr 14, 2015, 09:30 ET
DALLAS, April 14, 2015 /PRNewswire/ --
According to a new market research report "Distributed Temperature Sensing (DTS) Systems Market by Operating Principle (OTDR, OFDR), Fiber Type (Single-Mode, Multi-Mode), Application (Oil & Gas Production, Power Cable Monitoring, Fire Detection, Pipeline Leakage Detection) &Geography - Global Trends and Forecasts to 2014 - 2020", published by MarketsandMarkets, the Distributed Temperature Sensing (DTS) Systems Market is expected to reach $828.4 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 8.44%.
Browse 93 market data Tables and 66 Figures spread through 189 Pages and in-depth TOC on "Distributed Temperature Sensing (DTS) Systems Market"
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Distributed temperature sensing (DTS) systems provide temperature measurements along the length of an optical fiber cable. DTS systems provide a reliable solution for cost effective temperature measurement in harsh working environments. DTS systems have a high spatial resolution and long range, making them extremely useful. With the development of the DTS technology, the quality and reliability of DTS systems has improved considerably.
This report segments the distributed temperature sensing systems market on the basis of measuring principle (OTDR and OFDR), fiber type (single-mode and multi-mode), and application (oil & gas production, power cable monitoring, fire detection, pipeline leakage detection, and others). Further, it contains market size projections, and analyses of trends in the market. The geographic analysis contains an in-depth classification for the Americas, Europe, and APAC regions which have major countries covering the market. Further, the Middle-East and Africa have been classified under RoW. Each of these regions has been further split by the major countries existing in this market.
This report also describes the drivers, restraints, opportunities, and challenges with respect to the Distributed Temperature Sensing Systems Market. Factors which are driving the DTS systems market include their ability to operate in harsh environments and their application in improving brown field operations. The restraining factor affecting the market includes technical difficulties in sensor cable deployment. High potential in the subsea market is considered to be the opportunity for the growth of DTS systems market. A high implementation cost of DTS systems is currently acting as challenge for the market.
Oil and gas production represents the major application area for the DTS technology. Optical fiber cables are not affected by electromagnetic interference and hence DTS systems are used for temperature monitoring and detection of hot spots along power cables. The DTS technology is also being increasingly used for scientific research and ecological monitoring. These are some of the fast growing areas for the application of this technology.
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Some of the companies involved in the market include AP Sensing GmbH (Germany), GESO (Germany), Halliburton Co. (U.S.), LIOS Technology GmbH (Germany), Omnisens SA (Switzerland), Schlumberger NV (U.S.), Sensornet Ltd. (U.K.), Sumitomo Electric Industries Ltd. (Japan), Tendeka B.V. (The Netherlands), Weatherford International Plc. (Ireland), and Yokogawa Electric Corp. (Japan).
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