Press Release

Distributed Temperature Sensing Market to Grow at a CAGR of 6.82% Until 2026

Increasing demand for monitoring power cables, various pipelines and environmental changes with the extensive need for detecting fire in the growing industries concerning safety and security are expected to boost the global distributed temperature sensing market through 2026.

According to TechSci Research report, Global Distributed Temperature Sensing Market By Operating Principle (Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry), By Fiber Type (Single-Mode Fiber and Multi-Mode Fiber), By Application (Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental Monitoring), By Region, Competition, Forecast & Opportunities, 2016-2026, the global distributed temperature sensing market is projected to cross USD891.81 million by 2026, growing at a CAGR of 6.82% in the next five years. Distributed temperature sensing market is projected to witness growth on account of growing demand for monitoring continuous temperature change over long distances with larger surface areas in the oil & gas sectors. Moreover, the need for enhanced safety and security for maximum productivity will positively influence the global distributed temperature sensing market in the upcoming years.

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The global distributed temperature sensing market can be segmented based on operating principle, fiber type, application and region. In terms of operating principle, the market can be divided into optical time domain reflectometry and optical frequency domain reflectometry. The optical time domain reflectometry segment has a market share of 65.27% in 2020 due to the high demand for high accuracy and precision in detecting temperature change over larger distances with the growing economies. The demand for the ease of monitoring continuous change in the temperature drives the optical time domain reflectometry segment of the global distributed temperature sensing market.

On the basis of Fiber type, the market is branched into single-mode fiber and multi-mode fiber. The single-mode fiber segment had 59% of the market shares in 2020 owing to its need for temperature monitoring in larger surfaces of petroleum sectors, submarines and underground areas. This increase is due to the high temperature monitoring in hydrogen based darkening effect.

Based on application, the market can be bifurcated into oil & gas, power cable monitoring, process & pipeline monitoring, fire detection and environmental monitoring. The oil & gas segment accounts for the largest market share of 35.67% in 2020 due to the increasing proliferation in the industries with the generation of significant revenue in the market.

In the global distributed temperature sensing market, North America is the largest contributor with 29.17% of market shares in 2020. United States is the largest contributing country in the region for the forecast period, followed by Canada and Mexico. Being the world’s largest distributed temperature sensing manufacturers and exporter, North America’s growing urbanization and research technologies are contributing to the country’s leading market position. Meanwhile, Asia-Pacific is growing at a quicker pace due to its increasing temperature monitoring demand in the forecast years with ongoing advancements in R&D for the need for miniature sensing systems in the upcoming years.  

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Baker Hughes Company, Schlumberger Limited, LIOS Technology GmbH, Halliburton Co. (HAL), Yokogawa Electric Corporation, AP Sensing GmbH, Bandweaver Technology Ltd., Sensornet Limited, Sumitomo Electric Industries, Ltd.,  and Weatherford International plc. are among the leading players operating in the global distributed temperature sensing market. Companies operating in the market are using organic strategies to develop and launch new products with mergers and acquisitions to boost their shares in the global distributed temperature sensing market. Significant players in the market are concentrating on accomplishing ideal operational expenses, upgrading the system response time, enhancing accuracy, boosting productivity with high funding in R&D, and boosting performance to support the competitive distributed temperature sensing market.

“Ongoing advancements in R&D with the need for miniature sensing systems across the globe are boosting the global distributed temperature sensing market in the forecast years. The extensive need for temperature sensing systems with high precision among subsea areas of industries is a boosting factor for the market globally. Moreover, supportive government policies for distributed temperature sensing technologies have also been positively influencing the market with a continuous urge for launching new products in the upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Distributed Temperature Sensing Market By Operating Principle (Optical Time Domain Reflectometry and Optical Frequency Domain Reflectometry), By Fiber Type (Single-Mode Fiber and Multi-Mode Fiber), By Application (Oil & Gas, Power Cable Monitoring, Process & Pipeline Monitoring, Fire Detection and Environmental Monitoring), By Region, Competition, Forecast & Opportunities, 2016-2026’’ has evaluated the future growth potential of the global distributed temperature sensing market by providing the statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in the global distributed temperature sensing market.

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