Distributed Temperature Sensing (DTS) Market Projected to Register 7.9% CAGR to 2022 – Johnson controls international PLC, Sony Corporation, Honeywell International, Texas instruments Inc., Robert Bosch GmbH,

The global distributed temperature sensing (DTS) market was valued at $486 million in 2015, and is expected to reach $819 billion by 2022, growing at a CAGR of 7.9% from 2016 to 2022.

Distributed temperature sensing (DTS) is a real-time temperature measurement technique that provides continuous monitoring for the entire length of the cable covering all the critical measurement points. A DTS system was mainly developed for the oil & gas industry to assist reservoir engineers in optimizing the monitoring techniques. The growth of DTS market is attributed to the increase in safety norms and supportive government policies across different regions. Furthermore, high demand from oil & gas applications coupled with high reliability and wide coverage of DTS systems is expected to fuel the market growth significantly. However, technical awareness about sensor cables and high implementation costs may have an adverse effect on the growth of this market. Increasing subsea operations in the oil & gas industry provide numerous growth opportunities to the DTS market.

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Companies Covered in this Report are:

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.

The global DTS market is segmented on the basis of fiber type, operating principle, and application. Based on fiber type, the market is bifurcated into single-mode fiber and multimode fiber. Based on the operating principle, it is segmented into optical time domain reflectometry (OTDR) and optical frequency domain reflectometry (OFDR). Based on application, it is divided into oil & gas production, power cable monitoring, pipeline surveillance, fire detection, renewable energy, and other applications. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the DTS market include 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, and Honeywell International, Inc.

POTENTIAL BENEFITS FOR STAKEHOLDERS
This report provides an in-depth analysis of the global DTS market, along with current trends and future estimations to identify lucrative investment opportunities.
Key drivers, opportunities, and restraints that impact the market are analyzed.
Porter’s Five Forces analysis highlights the potency of buyers & suppliers to facilitate better decision-making for stakeholders and strengthen their supplier & buyer networks.
Market estimation of geographical regions is based on the current market scenario and future trends.

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MARKET SEGMENTATION

BY FIBER TYPE
Single-Mode Fiber
Multimode Fiber

BY OPERATING PRINCIPLES
Optical Time Domain Reflectometry (OTDR)
Optical Frequency Domain Reflectometry (OFDR)

BY APPLICATION
Oil & Gas Production
Power Cable Monitoring
Pipeline Surveillance
Fire Detection
Environmental monitoring
Renewable Energy
Other Applications (Process Monitoring and Sewer Monitoring)

BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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Posted by on Wednesday June 19 2019, 11:30 AM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Sensor Systems, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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