Lucintel Forecasts the Global Distributed Temperature Sensing Market to Reach $1.2 billion by 2030
Lucintel Forecasts the Global Distributed Temperature Sensing Market to Reach $1.2 billion by 2030
Blog Article
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.
Download sample by clicking on distributed temperature sensing market
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.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Laboratory Filtration Market
Lateral Flow Membrane Market
Sedimentation and Centrifugation Market
Oil Filter Market
Wastewater Reverse Osmosis Membrane Market