The global distributed temperature sensing (DTS) market was valued at $734.23 million in 2020, and is projected to reach at $1.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.
The distributed temperature sensing is a real-time temperature measuring technology that allows continuous monitoring over the length of the cable at all essential measurement sites. The distributed temperature sensing system was designed primarily for the oil & gas sector to aid reservoir engineers in improving monitoring systems. Further, distributed temperature sensing system are designed to locate the temperature to a spatial resolution of 1m with an accuracy of 1°C at a resolution of 0.01°C.
In addition, distributed temperature sensing determines the temperature by measuring the difference between stokes and anti-stokes intensity. Moreover, rise in penetration of next-generation optic fiber-based Internet of Things solutions is anticipated to offer significant growth opportunities for the distributed temperature sensing market growth.
The distributed temperature sensing market share is expected to witness notable growth during the forecast period, owing to increase in rules and regulations pertaining to safety standards. Furthermore, rise in demand for distributed temperature sensing in oil & gas applications drives the growth of the market. Moreover, a wide range of applications is expected to propel the distributed temperature sensing market growth during the forecast period.
However, complex fault detection and troubleshooting process is one of the prime factors that restraints the growth of the market. On the contrary, growing investment in smart grid technology is expected to provide lucrative opportunities for the growth of the distributed temperature sensing market during the forecast period.
The outbreak of COVID-19 significantly impacted the growth of the market in 2020, owing to significant impact on prime players operating in the distributed temperature sensing supply chain. However, rise in demand for optical fiber solution in commercial sectors is one of the major factors that propels the market growth during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as lack of skilled workforce and delay or deployment of projects due to partial or complete lockdown, globally. Furthermore, surge in adoption of smart infrastructure solutions across emerging economies globally is expected to strengthen the distributed temperature sensing market opportunity post COVID-19.
The distributed temperature sensing market is segmented on the basis of fiber type, operating principle, applications, and region. The fiber type segment includes single-mode fiber and multimode fiber. The single-mode fiber segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. By operating principle, the market is segmented into optical time domain reflectometry and optical frequency domain reflectometry. The optical time domain reflectometry segment dominated the market in 2020 and is anticipated to drive the market in coming years. On the basis of application, it is classified into oil & gas, power cable monitoring, pipeline surveillance, fire detection, environmental monitoring. The oil & gas segment acquired the largest share in 2020, and the BFSI segment is expected to grow at a high CAGR from 2021 to 2030.
Region-wise, the distributed temperature sensing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of the Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically China, remains a significant participant in the global distributed temperature sensing market. Major organizations and government institutions in the country are intensely putting resources into the technology.
Top Impacting Factors
Significant factors that impact the growth of the global distributed temperature sensing industry include, a wide range of applications paired with increase in rules and regulations pertaining to safety standards. Moreover, rise in demand from oil & gas applications is expected to drive the market growth. However, complex fault detection and troubleshooting process acts as a prime barrier for early adoption, which hampers the growth of the market. On the contrary, growing investment in smart grid technology is expected to offer potential growth opportunity for the market during the forecast period.
Competitive Analysis
Competitive analysis and profiles of the major distributed temperature sensing market players, such as Halliburton Co., Furukawa Electric Co. Ltd., OFS Fitel LLC, Luna Innovations, Schlumberger N.V, Prysmian Group, Weatherford International PLC, Sumitomo Electric Industries Ltd., Bandweaver Technologies, and Yokogawa Electric Corporation are provided in this report.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the distributed temperature sensing market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall distributed temperature sensing market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current distributed temperature sensing market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
- The report includes the market share of key vendors and distributed temperature sensing market trends.
Distributed Temperature Sensing (DTS) Market Report Highlights
| Aspects | Details |
 By Fiber Type |
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 By Operating Principle |
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 By Application |
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 By Region |
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 Key Market Players | Furukawa Electric Co. Ltd., Prysmian Group, OFS Fitel LLC., Schlumberger N.V, Sumitomo Electric Industries Ltd., Halliburton Co., Yokogawa Electric Corporation, LUNA INNOVATIONS., Bandweaver Technologies, Weatherford International PLC |
Analyst Review
Distributed temperature sensing (DTS) has become an essential component in many sectors, since it aids in real-time downhole monitoring, which improves asset operating performance. Furthermore, it allows reservoir engineers to obtain better knowledge of the production dynamics and, as a result, increases recovery, resulting in higher profitability. The expansion of the DTS market is linked to increase in safety standards and favorable government regulations. Furthermore, rise in demand for employee safety solutions in the oil & gas industry, as well as DTS system qualities, such as high dependability and extensive coverage, are predicted to further increase in the demand for DTS systems globally.
The global distributed temperature sensing market is highly competitive, owing to the strong presence of existing vendors. Distributed temperature sensing vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Surge in demand for systems/sensors for sensing and monitoring applications drives the need to enhance distributed temperature sensing solutions. Moreover, prime economics, such as the U.S., China, Taiwan, and Japan, plans to develop and deploy next-generation distributed temperature sensing solutions across various sectors. For instance, on April 8, 2022, Bandweaver Technology, announced the launch of the latest perimeter intrusion detection system (PIDS) based on fiber optic sensing technology for smaller sites. This new detection system offers state-of-the-art fiber optic sensing solution with a range of 8Km. All these factors are anticipated to provide lucrative opportunities for the market growth.
Among the analyzed regions, Asia-Pacific exhibits the highest adoption rate of distributed temperature sensing and experiences massive expansion of the market. On the other hand, North America is expected to grow at a faster pace, predicting lucrative growth, due to emerging countries, such as the U.S. Canada, and Mexico, investing in these technologies. Regions, such as the Middle East and Latin America, are also expected to offer new opportunities in the distributed temperature sensing market in future.
The key players profiled in the report include Halliburton Co., Furukawa Electric Co., Ltd., OFS Fitel LLC, Luna Innovations, Schlumberger N.V, Prysmian Group, Weatherford International PLC, Sumitomo Electric Industries Ltd., Bandweaver Technologies, and Yokogawa Electric Corporation.
A surge in demand for safety and security regulations across prime industries is significantly boosting the growth of distributed temperature sensing market.
The oil & Gas Segment accounted for the maximum share of distributed temperature sensing market, owing to the strong regulations globally.
Asia-Pacific is the largest regional market for Distributed Temperature Sensing (DTS) market.
The globally distributed temperature sensing market was valued at $734.0 million in 2020.
Halliburton Co., Furukawa Electric Co., Ltd., OFS Fitel LLC, Luna Innovations, Schlumberger N.V, Prysmian Group are some of the major players operating in Distributed Temperature Sensing (DTS) market.
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