The North America Distributed Temperature Sensing Market would witness market growth of 9.42% CAGR during the forecast period (2019-2025).
Distributed temperature sensing (DTS) is a technology of real-time temperature measurement that provides continuous monitoring of all important measurement points for the entire length of the cable. For the oil & gas industry, a DTS system was developed primarily to help reservoir engineers refine the monitoring techniques. The growth of the decentralized temperature sensing industry is due to the security-related supporting government policies. In addition, high demand from the oil & gas industry, combined with high reliability and wide coverage of DTS systems, is anticipated to significantly boost market growth in distributed temperature sensing. However, the complex process of detection of flaws and troubleshooting hinders market growth. Increasing investment in smart grid technologies and the power industry is expected to provide new market growth opportunities.
Currently, workers' and manufacturing plants' safety issues have become immensely important, and in recent years the DTS market has been driven by increased rules and regulations relating to safety standards. DTS provides constant temperature and pressure measurements that can be used to detect leakage and fire to prevent any accidents. In addition, DTS systems have become more robust with real-time measurements, and organizations rely on them for precise and accurate information. Brownfield operations have grown throughout the world where older facilities and sites are being used to develop new structures. DTS improves brownfield operations with the help of real-time monitoring. Monitoring techniques are highly useful in tough working conditions like negative temperatures, extreme high temperatures in desert areas or sites that are not entirely safe for workers such as underground and mid-sea.
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. Based on Application, the market is segmented into Oil & Gas, Power & Utility, Safety & Security, Industrial and Civil Engineering. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Distributed Temperature Sensing Market in North America is expected to register a CAGR of 9.42% during the forecast period (2019-2025)
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.
Market Segmentation:
By Operating Principle
By Fiber Type
By Application
By Country
Companies Profiled
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