Published On : 03 Sep 2018
The global distributed temperature sensing (DTS) market is anticipated to increase growth on the back of the rising requirement of improved security systems. DTS systems can be deployed over long distances, which gives them a good foot in the possibility of massive demand. DTS is used to monitor in hostile working environments where it could be impossible for humans to work. This is expected to bring in a whole lot of demand in the market. Players could also take advantage of the promising growth of the subsea sector to improve their sales rate. Wide coverage and high reliability of DTS systems are attracting a number of end users to the market.
However, expensive cost of DTS systems could make it difficult for players to sell their products. Moreover, technical challenges and underuse of data collected through DTS systems are predicted to hamper the growth of the market. Nonetheless, there could be favorable prospects birthing with increasing number of supportive government policies and safety norms.
On the geographical front, the global Distributed Temperature Sensing market is envisioned to witness Asia Pacific growing at a quicker rate. The presence of leading companies in the region and increasing demand in power transmission and oil and gas industries could support the rise of Asia Pacific in the market. Another region expected to make continuous progress in the market is the MEA as it banks on its vast oil reserves.
Need for Real-time Downhole Monitoring Increases Demand in Oil and Gas Industry
On the basis of operating principle, the global DTS market could see a classification into optical frequency domain reflectometry (OFDR) and optical time domain reflectometry (OTDR). Amongst these, DTS systems based on OTDR are foreseen to secure a lion’s share of the market. By type of fiber, multi-mode and single-mode fibers could be among main classifications of the market. Amongst these, the future could witness the rise of the multi-mode fibers market growing at a faster rate. DTS finds application in various industry verticals such as environmental monitoring, process and pipeline monitoring, fire detection, power cable monitoring, and upstream and downstream oil and gas.
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Amongst the aforementioned applications of DTS, oil and gas is projected to attain a king’s share of the market in the next few years since the technology has now become an integral part of the industry. Optimization of economic and operational performance of assets could be one of the important applications of DTS in the oil and gas industry. DTS systems help with real-time and continuous downhole monitoring. Engineers can use this application to gain sound understanding the production and injection dynamics to accordingly enhance the productivity of brownfield operations. The behavior of wells can be studied in a deeper way with the help of the analysis of the data gathered by DTS systems.
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