Global distributed temperature sensing (DTS) market is expected to foresee significant growth opportunities in the coming years and is expected to grow at a substantial compound annual growth rate (CAGR) of 8.1% from 2020 to 2026. DTS systems are optoelectronic devices that measure temperatures by using optical fibers, which function as linear sensors. High investments in smart grid technology and the power industry are expected to offer new market opportunities. The market is classified on the basis of fiber type into single-mode fiber and multimode fiber.es to the market players. Increasing safety norms and supportive government policies along with increasing industrialization and construction activities mainly in technologically advancing countries, such as China, India, and Brazil has resulted in the rapid implementation of distributed temperature sensing (DTS). DTS systems provide temperature details along the length of the cable thereby helping in the enhancement of safety of equipment and surroundings. Various countries are extensively making strict and obligatory occupational safety and health (OSH) standards and legislations to ensure operational safety.
Distributed temperature sensing (DTS) has become an integral part of the oil & gas industry as they help in real-time downhole monitoring to enhance economic and operational performances of the assets. Thus, the reservoir engineers get a better understanding of the production and injection dynamics and hence, they improvise the production process to enhance recovery leading to improved profits. Therefore, there is an increasing focus on adopting technology for improving the productivity of brownfield operations.
Distributed temperature sensing (DTS) is primarily used in the oil & gas industry. Moreover, with the advancement in technology, DTS systems are increasingly being implemented by other industries including power, energy and utilities, fire detection, pipeline surveillance, process monitoring, and sewer monitoring. The escalating implementation of DTS systems in diverse applications has led to tremendous growth in the market and its impact is projected to increase in the future.
Smart grids have recently replaced old grid networks as they are more reliable, provide a flexible network topology, have better load adjustment, and most importantly, enable real-time troubleshooting. Governments of various countries, such as China, Japan, and the U.S. are investing huge amounts in smart grid technology to improve their electrical networks. Continuous investment in the up-gradation of grid technology is expected to create immense opportunities for the growth of the DTS market in the future.
The segments covered under the scope of the global DTS market are by fiber type, operating principle, and application. Further, the fiber type is segmented into single-mode fiber and multimode fiber. The operating principle segment further covers optical time-domain reflectometry (OTDR) and optical frequency domain reflectometry (OFDR). On the basis of application, the market is differentiated into oil & gas production, power cable monitoring, fire detection, environmental monitoring, pipeline leakage detection, and other applications. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World (RoW) regions.
The scope of the global distributed temperature sensing (DTS) market report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply-side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
The key players operating in the distributed temperature sensing (DTS) market are STMicroelectronics N.V., Inc., Atmel Corporation, Texas Instruments Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Infineon Technologies AG, Qualcomm Technologies, Johnson controls international PLC, Sony Corporation, and Honeywell International, Inc. The DTS industry is consolidated with the top five industry contributors occupying a substantial market share. These players have adopted product launches, acquisitions, partnerships, expansions, and agreements as their key strategies to strengthen their market position and expand their geographical presence.
Base Year: 2019
Forecast Years: 2020 – 2026
Market Data Provided: 2019 to 2026
Available Customized Reports:
North America Distributed Temperature Sensing (DTS) Market, 2019 – 2026
Europe Distributed Temperature Sensing (DTS) Market, 2019 – 2026
Asia Pacific Distributed Temperature Sensing (DTS) Market, 2019 – 2026
Middle East & Africa Distributed Temperature Sensing (DTS) Market, 2019 – 2026
U.S. Distributed Temperature Sensing (DTS) Market, 2019 – 2026
India Distributed Temperature Sensing (DTS) Market, 2019 – 2026
China Distributed Temperature Sensing (DTS) Market, 2019 – 2026
The Highlights of the Global Distributed Temperature Sensing (DTS) Market Report
Scope of the Global Distributed Temperature Sensing (DTS) Market Report
By Fiber Type
By Operating Principle
By Application
By Geography
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