According to a market report by Lucintel, the future of the global distributed temperature sensing market looks promising with opportunities in the fire detection, pipeline leakage detection, process & pipeline monitoring, power cable monitoring, environmental monitoring, oil & gas, and rail monitoring markets. The global distributed temperature sensing market is expected to reach an estimated $1.2 billion by 2030 from $0.8 billion in 2024,at a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing number of devices that are connected to a netswork, rising demand for distributed temperature sensing for monitoring purposes in hazardous working environments where humans cannot access, as well as, growing demand for better safety systems.A more than 150-page report to understand trends, opportunity and forecast in distributed temperature sensing market to 2030 by scattering method (rayleigh scattering effect, raman scattering effect, and brillouin scattering effect ), operating principle (optical time domain reflectometry (OTDR) and optical frequency domain reflectometry (OFDR)), fiber type (single-mode fibers and multimode fibers), application (fire detection, pipeline leakage detection, process & pipeline monitoring, power cable monitoring, environmental monitoring, oil & gas, and rail monitoring), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that, within the fiber type category, multimode fibers is expected to witness the highest growth over the forecast period because it has a large core diameter, which gives light in the fiber several routes to travel.
Within the application category, fire detection will remain the largest segment due to the increase in safety norms for various operations in different industries.
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In terms of region, APAC is expected to witness the highest growth over the forecast period due to increasing demand from end-use industries, such as oil and gas, power generation, food and beverage, pharmaceuticals, as well as, government initiatives to promote smart city projects in the region.
Schlumberge, Halliburton, Yokogawa Electric, Weatherford, Sumitomo Electric, OFS Fitel, AP Sensing, Bandweaverare the major suppliers in the distributed temperature sensing market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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