Distributed temperature sensing or DTS is an optoelectronic technology that measure temperatures at any time by means of optical fiber cables using the fiber itself as the element for sensing. DTS systems are majorly developed for the oil and gas industry to help reservoir engineers in improving the monitoring techniques. Temperatures are recorded alongside the optical sensor cable, consequently mapping it as a continuous profile & not at points. The temperature profiles are monitored at surface in real-time, reducing the need for production logs, decreasing well interventions, averting deferred production losses, and minimizing operating costs.
Impact of COVID-19 on the DTS Industry
The global distributed temperature sensing market is projected to be massively affected due to the outbreak of COVID-19 across the globe owing to the disruption in the business and industrial processes. However, the key industry players of the market are focusing on product innovations to sustain in the pandemic crisis. For instance, in March 2020, a leading manufacturer of optical fibers and electric wires, Sumitomo Electric Industries, announced the launch of ‘OPTHERMO FTS3500,’ which is fiber-optic DTS system. FTS3500 system has a long-life & durable optical fibers and also has the capability to monitor long distance, wide-ranging temperature distribution.
These effective strategy implementations and continuous product developments by the key industry players is estimated provide massive investment opportunities in the global DTS market, all through the pandemic period.
Stay ahead of your Competitors, Request an PDF Sample of Distributed Temperature Sensing Market@ https://www.researchdive.com/download-sample/407
Key Developments in the Global Market
The major industry players are implementing numerous growth strategies such as technological advancements, product developments, and business expansion to obtain a strong position in the overall market, which is subsequently supporting the DTS market to grow at a rapid pace in the forecast period.
For instance, in February 2019, the Japan-based developer of advanced test & measurement instruments, Yokogawa Test & Measurement Corporation introduced the AQ1210 OTDR (optical time domain reflectometer), which is a successor to the AQ1200 OTDR and has been enhanced with the addition of larger capacity battery and touchscreen functionality. It is ideal for use in the maintenance and installation of fiber-optic cables.
In November 2019, AP Sensing entered into a collaboration with a Danish Transmission Operator, Energinet for offering Kriegers Flak transmission system with monitoring solution. AP Sensing monitors a total of 300 km, utilizing 6 units of Distributed Temperature Sensing (DTS) and 9 units of Distributed Acoustic Sensing (DAS). These DTS units with 1-4 channels and a range of 30-50 km are in the application for detecting thermal anomalies and thermal profiling.
In February 2020, Schlumberger made an announcement of the opening of a world-class manufacturing center in SPARK (King Salman Energy Park). The center will manufacture numerous technologies including valve technologies and liner hangers and packers’ technologies, such as ORBIT and GROVE valves, to help improve the efficiency of oil & gas operations in the Kingdom as well as neighboring countries.
Post COVID-19 Impacts on Distributed Temperature Sensing Market, Get in touch with Expert Analyst@ https://www.researchdive.com/connect-to-analyst/407
Forecast Analysis of Distributed Temperature Sensing Market
Global distributed temperature sensing (DTS) market is anticipated to witness a notable growth in the forecast period due to increasing utilization of DTS in the subsurface thermal property estimation, site investigations of well-flow, and the groundwater flow. Technology is estimated to play a vital role in distributed temperature sensing and is expected to create lucrative growth opportunities in the global market in the coming future. However, the high costs associated with DTS solutions are likely to be the major threat for the market growth in the near future.
The promising reliability & safety of DTS systems for monitoring applications is a major factor estimated to upsurge the growth of the global distributed temperature sensing market by 2027. Research Dive has published a latest report, which anticipates that the distributed temperature sensing market will grow at a CAGR of 7.8% during the forecast period. The Asia Pacific region is predicted to witness rapid growth throughout the forecast period due to the growing need for industrial safety measures along with a huge expansion of the Asian industrial sector. The key players functioning in the global industry include Honeywell International Inc., NXP Semiconductors, Robert Bosch GmbH, STMicroelectronics N.V., Johnson Controls, Atmel Corporation, Qualcomm Technologies, Inc., Sony Corporation, Texas Instruments Incorporated, and Infineon Technologies AG.
Get Avail 10%OFF on Report Customization of Distributed Temperature Sensing Market@ https://www.researchdive.com/request-for-customization/407
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
+1-(917)-444-1262 (US)
Toll Free: 1-888-961-4454
E-mail: [email protected]
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
0
Sign in to leave a comment.