According to the report published by Allied Market Research, the global distributed temperature sensing market generated $734.23 million in 2020 and is projected to reach $1.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Significant surge in demand for distributed temperature sensing in oil & gas applications, increase in rules and regulations pertaining to safety standards, and rise in penetration of next-generation optic fiber-based Internet of Things (IoT) solutions are expected to drive the growth of the global distributed temperature sensing market. On the other hand, complex fault detection and troubleshooting processes are expected to hinder the growth to some extent. However, persistent technological advancements in distributed temperature sensors and rapid industrialization across the globe are expected to create ample opportunities for the industry.
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TOP IMPACTING FACTORS
Significant factors that impact the growth of the global distributed temperature sensing industry include, a wide range of applications paired with the increase in rules and regulations pertaining to safety standards. Moreover, a rise in demand for oil & gas applications is expected to drive the market growth. However, complex fault detection and troubleshooting process act as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, growing investment in smart grid technology is expected to offer a potential growth opportunity for the distributed temperature sensing (DTS) market outlook during the forecast period.
Competitive analysis and profiles of the major distributed temperature sensing market players, such as Halliburton Co., Furukawa Electric Co., Ltd., OFS Fitel LLC, Luna Innovations, Schlumberger N.V, Prysmian Group, Weatherford International PLC, Sumitomo Electric Industries Ltd., Bandweaver Technologies. and Yokogawa Electric Corporation are provided in this report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the distributed temperature sensing (dts) market analysis from 2020 to 2030 to identify the prevailing distributed temperature sensing (dts) market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the distributed temperature sensing (dts) market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global distributed temperature sensing (dts) market trends, key players, market segments, application areas, and market growth strategies.
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Distributed Temperature Sensing (DTS) Market Report Highlights
|By Fiber Type||Single-Mode FiberMultimode Fiber|
|By Operating Principle||Optical Time Domain Reflectometry (OTDR)Optical Frequency Domain Reflectometry (OFDR)|
|By Application||Oil & GasPower Cable MonitoringPipeline SurveillanceFire DetectionEnvironmental MonitoringOthers|
|By Region||North America (U.S., Canada, Mexico)Europe (Germany, France, Italy, Rest of Europe)Asia-Pacific (China, Japan, South Korea, Taiwan, India, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)|
|Key Market Players||STMICROELECTRONICS N.V., NXP SEMICONDUCTORS N.V., INFINEON TECHNOLOGIES AG, QUALCOMM TECHNOLOGIES, INC., ATMEL CORPORATION, TEXAS INSTRUMENTS INC., ROBERT BOSCH GMBH, JOHNSON CONTROLS INTERNATIONAL PLC., SONY CORPORATION, HONEYWELL INTERNATIONAL INC.|
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