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Home Press Release OpenPR

Distributed Temperature Sensing (DTS) Market Forecast: Rapid Growth Expected Through 2030

November 11, 2024
in OpenPR, Web3
Reading Time: 6 mins read
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Distributed Temperature Sensing (DTS) Market

Distributed Temperature Sensing (DTS) Market

Allied Market Research, titled, “Distributed Temperature Sensing (DTS) Market By Fiber Type, Operating Principle, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030”, the distributed temperature sensing market size 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/2025

A distributed temperature sensing (DTS) technology is an enhanced temperature monitoring device used to monitor optical fiber solution over a long distance or across large surfaces. The distributed temperature sensing technology is designed to be used across submarine and underground power cables. Further, the DTS systems used in prime industries, such as oil & gas, pipelines, and fire detection offer critical information about the actual reservoir conditions. In addition, the rise in demand for high-speed network solutions is expected to significantly contribute in the growth of the market in the coming years.

The growth of the global distributed temperature sensing market is majorly driven by an increase in rules and regulations about safety standards paired with a rise in demand for distributed temperature sensing in oil & gas applications. Moreover, wider applications are anticipated to drive the growth of the market. However, complex fault detection and troubleshooting processes act as a restraint of the global distributed temperature sensing market. On the contrary, growing investment in smart grid technology is anticipated to provide lucrative opportunities for the market during the forecast period.

According to distributed temperature sensing market analysis, the single-mode fiber segment was the highest contributor to the market in 2020. The oil & gas and power cable monitoring segments collectively accounted for around 50.0% market share in 2020. The surge in the adoption of smart infrastructure solutions has led to the growth of distributed temperature sensing solutions in oil & gas and fire detection segments; thereby, enhancing the distributed temperature sensing market growth.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/2025

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Distributed Temperature Sensing (DTS) industry’s key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐝 𝐓𝐞𝐦𝐩𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐒𝐞𝐧𝐬𝐢𝐧𝐠 (𝐃𝐓𝐒) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Weatherford International PLC
Bandweaver Technologies
LUNA INNOVATIONS.
Furukawa Electric Co. Ltd.
OFS Fitel LLC.
Yokogawa Electric Corporation
Prysmian Group
Halliburton Co.
Schlumberger N.V.
Sumitomo Electric Industries Ltd.

The outbreak of COVID-19 significantly impacted the growth of the distributed temperature sensing market, owing to a significant impact on prime market players. Conversely, the rise in demand for automatic monitoring solutions and artificial intelligence solutions escalated the demand for distributed temperature sensing solutions during the pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdowns implemented by governments restrained the growth of the market. On the contrary, emerging economies significantly witness the need for a smart infrastructure solution that is expected to boost the market post-pandemic.

Region-wise, Asia-Pacific holds a significant share in the global distributed temperature sensing market, owing to the presence of prime players in this region. Further, China holds a dominating position in the market, owing to a rise in investment by prime players and government agencies to develop next-generation distributed temperature sensing solutions. The adoption of digital infrastructure solutions is expected to propel the growth of the distributed temperature sensing market trends in the region.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/2025

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

– By technology, the single-mode fiber segment accounted for maximum revenue in 2020 and is projected to grow at a notable CAGR of 7.4% during the forecast period.
– By application, the oil & gas and power cable monitoring segments together accounted for around 50.0% of the distributed temperature sensing market share in 2020.
– By operating principle, the optical time domain reflectometry display segment is projected to witness growth at a CAGR of 7.8% during the forecast period.
– By region, Asia-Pacific contributed a major share in the market, accounting for more than 35.4% share in 2020.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises and medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR aims to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/distributed-temperature-sensing-market

This release was published on openPR.

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