Market Research Report
Global Distributed Temperature Sensing Market, By Operating Principle, By Fiber Type, By Application, By Region, Competition, Forecast & Opportunities, 2016-2026
|Published by||TechSci Research||Product code||1002685|
|Published||Content info||118 Pages
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|Global Distributed Temperature Sensing Market, By Operating Principle, By Fiber Type, By Application, By Region, Competition, Forecast & Opportunities, 2016-2026|
|Published: April 28, 2021||Content info: 118 Pages||
Global Distributed Temperature Sensing Market, By Operating Principle (Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry), By Fiber Type (Single-Mode Fiber and Multi-Mode Fiber), By Application (Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental Monitoring), By Region, Competition, Forecast & Opportunities, 2016-2026.
Global distributed temperature sensing market stood at USD576.86 million in 2020 and is forecast to grow at a CAGR of over 6.82% by 2026 due to the rising demand for safety and security in the numerous end user industries. Technological advancements coupled with rapid development in detection of very small changes in the temperature are driving the growth of the distributed temperature sensing market.
Global distributed temperature sensing market can be bifurcated into operating principle, fiber type, application and region. On the basis of operating principle, the market can be divided into optical time domain reflectometry and optical frequency domain reflectometry. Out of these two, optical time domain reflectometry segment is having a market share of 65.27% due to its working principle using backscattered light for temperature monitoring.
In terms of fiber type, the market is segmented into single-mode fiber and multi-mode fiber where the market share of single-mode fiber is 59% due to its continuous monitoring of temperature over a long distance. The distributed temperature sensing market, on the basis of application, can be bifurcated into oil & gas, power cable monitoring, process & pipeline monitoring, fire detection and environmental monitoring. The oil & gas sector has a market share of 35.67% which in turn is expected to boost the market growth over the forecast period. This growth is due to the increasing proliferation in the industries with the generation of significant revenue in the market.
Major players leading in the global distributed temperature sensing market are Baker Hughes Company, Schlumberger Limited, LIOS Technology GmbH, Halliburton Co. (HAL), Yokogawa Electric Corporation, AP Sensing GmbH, Bandweaver Technology Ltd., Sensornet Limited, Sumitomo Electric Industries, Ltd., and Weatherford International plc.
The largest contributor to the global distributed temperature sensing market is the North America region with a market share of 29.17% in 2020. United States is the largest contributing country in the region with 54.79% market shares, followed by Canada and Mexico. The Asia-Pacific region is growing at the highest rate due to its increasing demand for temperature monitoring and ongoing advancements in R&D for the need for miniature sensing systems.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
To analyze and forecast the global distributed temperature sensing market top-down approach has been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the global distributed temperature sensing market was also undertaken. Moreover, a detailed and in-depth scrutiny of information was done to understand each policy and external or internal factor which could increase or decrease the demand for distributed temperature sensing, globally. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned were identified globally.
Various secondary sources such as white papers and secondary literature on distributed temperature sensing, annual reports, investor presentation, International Monetary Fund and World Bank were also studied by TechSci Research.
Key Target Audience:
The study is essential in delivering useful information to industry stakeholders such as manufacturing companies, assembling companies, distributors and applications related to the global distributed temperature sensing market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.
In this report, the global distributed temperature sensing market has been segmented into the following categories in addition to the industry trends which have also been listed below:
Optical Time Domain Reflectometry
Optical Frequency Domain Reflectometry
Oil & Gas
Power Cable Monitoring
Process & Pipeline Monitoring
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the global distributed temperature sensing market.
Voice of Customer: Brand awareness, factors influencing purchase decision, pricing & availability, comfort of operating, effectiveness in performance and selection of supplier are the major factors affecting decision related to the global distributed temperature sensing market for numerous users.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: