Published Date: 31-Dec-2019
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According to a new report Global Distributed Temperature Sensing Market, published by KBV Research, 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.
It is expected that the oil and gas segment will hold the largest market share in the near future. There is a growing need to know the vertical thermal profile and real-time temperature, resulting in extensive use of DTS in petrochemical plants, mining, pipelines, floating-roof tanks/fixed-roof tanks, and others. The application segments of power and utility and civil engineering are projected to grow steadily over the forecast period with a CAGR of 9.5%. The Safety & Security market is anticipated to witness a CAGR of 11.9% during (2019 - 2025).
Due to the increasing number of vendors concentrating on regional expansions to meet growing customer demands in the region, North America is set to hold the largest market share in the forecast period. LAMEA is projected to record second-largest market share during the forecast period. Asia Pacific is expected to witness an increase in the adoption of distributed temperature sensing due to low cost and high sensor reliability, in the near future grows at a CAGR of 12.1% during the forecast period. The Europe market is exhibiting a CAGR of 11.3% during (2019 - 2025).
Since the inception of DTS systems, OTDR is the most extensively utilized technology. OTDR-based DTS systems help to provide robust measurement and are less susceptible to problems like fiber and accessory reflections and bends. The Optical Time Domain Reflectometry market is expected to witness a CAGR of 12.9% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/distributed-temperature-sensing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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