Global Distributed Temperature Sensing Market Overview:
Distributed temperature sensing systems (DTS) are optoelectronic devices that use optical fibers as linear sensors to measure temperatures. Temperatures are measured continuously along the optical sensor cable rather than at discrete spots. Over considerable distances, temperature determination is accomplished with excellent accuracy. The DTS systems can typically locate the temperature with an accuracy of 1°C at a precision of 0.01°C and a spatial resolution of 1 m. It is possible to monitor measurement distances of more than 30 km, and some specialized systems can even offer even more precise spatial resolutions. Growing demand for labor safety at workplaces, and reliability of DTS systems/sensors in harsh environments for sensing and monitoring applications are some factors that are driving the market.
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Rise in Demand for DTS in Oil & Gas Industry and Growing Penetration of Next-Gen Optic Fibre-Based IOT
Market Growth Drivers:
Growing Demand for Labour Safety at Workplaces and Reliability of DTS Systems/Sensors in Harsh Environments for Sensing and Monitoring Applications
Huge Investment Associated With DTS Systems
Optical Cables are Prone to Physical Damage
Increasing Safety Standards and Supportive Government Leakage Detection Policies and Growing Adoption of Data-Based Analytics
Global Distributed Temperature Sensing is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Bandweaver Technologies (China), Halliburton Company (United States), OFS Fitel (United States), NKT Photonics (Germany), Yokogawa Electric Corporation (Japan), Sumitomo Electric Industries (Japan), GESO GmbH & Co. (Germany), AP Sensing GmbH (Germany), Weatherford International PLC (Switzerland) and Schlumberger Limited (United States). Additionally, following companies can also be profiled that are part of our coverage like AFL (United States), Silixa Ltd. (United Kingdom), Omicron Electronics (Austria), Inventec B.V. (Netherlands), Micron Optics (United States) and Tendeka (United Kingdom). Considering Market by Scattering Method, the sub-segment i.e. Rayleigh will boost the Distributed Temperature Sensing market. Considering Market by Operating Principle, the sub-segment i.e. OTDR will boost the Distributed Temperature Sensing market.
Latest Market Insights:
In May 2022, Yokogawa Electric Corporation acquired all shares of Danish company Dublix Technology ApS. The addition of Dublix's combustion control and boiler performance enhancement solutions to Yokogawa's lineup of control, monitoring, and maintenance systems will enable the provision of solutions that make both WTE and biomass power plants more efficient and profitable.
In July 2022, Khalifa University of Science and Technology in Abu Dhabi researchers are looking into the 3D printing of multipurpose optical fibers. The group, 3D printed a variety of optical fiber designs with thermochromic micro-powder pigments integrated to make them responsive to temperature changes using polymer-based stereolithography (SLA) technology. In addition, the researchers were able to incorporate strain sensing capabilities into their designs due to the optical characteristics of the fibers.
What Can be Explored with the Distributed Temperature Sensing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Distributed Temperature Sensing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Distributed Temperature Sensing
Understand the Competitive Scenario
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Distributed Temperature Sensing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Distributed Temperature Sensing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Distributed Temperature Sensing Providers, Vertical Industries, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.