The global distributed temperature sensing system market is estimated to create an absolute dollar opportunity of US$ 1210 Mn by the end of 2032.
The global distributed temperature sensing system market is estimated to create an absolute dollar opportunity of US$ 1210 Mn by the end of 2032. The sales of distributed temperature sensing systems are expected to reach US$ 735 Mn by 2022, rising at a CAGR of 7% over the forecast period 2022-2032.
Distributed temperature sensing (DTS) monitoring provides continuous temperature status of high-voltage power cables, detecting hot spots along their entire length. An alarm is triggered when critical temperature limits are exceeded and cables are at risk. It leads to achieve high accuracy of temperature determination over great distances. DTS systems can detect temperature changes less than 0.01°C and pinpoint the exact location of a thermal event within the range of one meter.
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Its quite ideal for use in hazardous zones and environments, where safety is of critical importance. Since optical fibers are not susceptible to electromagnetic interference they are ideal for use in power stations and for monitoring of distribution lines. Furthermore, it helps operators in optimizing transmission and distribution networks by reducing operational costs and capital. Over the last decade, the distributed temperature sensing systems market has reported a steady growth.
Distributed Temperature Sensing Systems Market: Drivers & Restraints
Deployment of power-efficient and miniaturized sensors in various industrial applications, low system design costs owning to low material cost per sensor, increasing demand for sophisticated functionalities in industrial applications and increasing R&D expenditures by companies are some of the factors expected to contribute significantly to the growth of the distributed temperature sensing systems market.
Technical awareness about sensor cables and high implementation costs of the distributed temperature sensing systems are probable factors restraining the growth of the distributed temperature sensing systems market.
Distributed Temperature Sensing Systems Market: Overview
Due to technological advancements and budding investments happening in fiber-optics industry, the acceptance of distributed temperature sensing systems is gaining popularity. North America due to the earliest start leads the world in technology and scale. The global distributed temperature sensing systems market is expected to expand at a promising CAGR during the forecast period (2015–2025).
Distributed Temperature Sensing Systems Market: Region-wise Outlook
The global distributed temperature sensing systems market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global distributed temperature sensing systems market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is expected to register the highest CAGR and will contribute significantly to the global distributed temperature sensing systems market value exhibiting a robust CAGR during the forecast period, 2015-2025.
Distributed Temperature Sensing Systems Market: Key Players
Some of the key market participants in global distributed temperature sensing systems market are Halliburton, LIOS Technology GmbH, Banner Engineering Corp, AP Sensing GmbH, Sensornet, OMICRON Electronics GmbH, Schlumberger Limited.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, fiber type and applications.
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The report covers exhaustive analysis on:
Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Distributed Temperature Sensing Systems Market: Segmentation
The global distributed temperature sensing systems market is broadly classified on the basis of fiber- type, operating principle, applications and geographies.
Based on fiber-type, the global distributed temperature sensing systems market is segmented into:
Based on operating principle, the global distributed temperature sensing systems market is segmented into:
Based on applications, the global distributed temperature sensing systems market is segmented into:
Report Highlights:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Distributed Temperature Sensing Systems Market , Distributed Temperature Sensing Systems Market Demand
Dec 28, 2022
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