The Global Distributed Temperature Sensing Market size is expected to reach $828.9 Million by 2025, rising at a market growth of 10.5% CAGR during the forecast period. Distributed temperature sensing (DTS) systems are optoelectronic devices that use optical fibers to measure temperature. The developments in the distributed temperature sensing market are propelled by the increased rules & regulations related to safety standards across the globe. Additionally, rising demand from oil & gas applications and extensive applications in the oil & gas industry and monitoring of power cables are expected to drive future market growth. However, the complex detection and troubleshooting system of DTS impedes this growth. It is expected that high investments in smart grid technology and the power industry would give market players new opportunities.
Global Distributed Temperature Sensing Market Size
The use of distributed temperature sensing for monitoring of temperature patterns in the stream bed in order to determine various zones where groundwater is discharged is also on the rise. Distributed temperature sensing also enables monitoring of downhole temperature in order to study hydrogeological processes at spatial resolution and high frequency. Implementation of these sensors in passive mode for in site investigation of in-well flow, groundwater flow, or for the estimation of subsurface thermal property is also on the rise. Such factors are substantially propelling the use of distributed temperature sensors thereby driving market growth.
Global Distributed Temperature Sensing Market Share
Based on Operating Principle, the market is segmented into Optical Frequency Domain Reflectometry and Optical Time Domain Reflectometry. Based on Fiber Type, the market is segmented into Multi-Mode Fiber and Single-Mode Fiber. The segment of multi-mode fiber is anticipated to cater for majority market share and is predicted to grow at the fastest CAGR during the forecast period. The multi-mode fiber has a large core diameter that provides light in the fiber with multiple pathways. It has a high nonlinearity threshold and can unleash more fiber power. This type of fiber is widely used for long distances as it offers better resolution of the temperature. Based on Application, the market is segmented into Oil & Gas, Power & Utility, Safety & Security, Industrial and Civil Engineering. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Distributed Temperature Sensing Market to reach a market size of $828.9 million by 2025
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Yokogawa Electric Corporation, Halliburton Company, AP Sensing GmbH, Schlumberger N.V., NKT A/S (NKT Photonics A/S), The Furukawa Electric Company (OFS Fitel LLC), Bandweaver Technologies, Optromix, Sensornet Limited and Silixa Ltd.
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Market Segmentation:
By Operating Principle
By Fiber Type
By Application
By Geography
Companies Profiled
According to a new report published by KBV Research, the Distributed Temperature Sensing market is projected to reach USD 828.9 Million by 2025.
The major factors that are anticipated to drive the Distributed Temperature Sensing industry include extensive applications of dts systems and their benefits, increase in rules and regulations pertaining safety standards, and advantages of dts systems.
Asia Pacific region market would witness a highest CAGR of 12.1% during (2019-2025).
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