Distributed Temperature Sensing Market - Growth, Trends, COVID-19 Impact, and FoPosted by Statzy Market Research on April 15th, 2021 The deployment of power-efficient and miniaturized sensors along with the rising R&D expenditures by firms are some of the determinants expected to add significantly to the growth of the distributed temperature sensing market. Additionally, the growth of expensive multi-lateral hydraulic fracturing, larger focus on improving oil recovery, and the sustained strength of capital expenditure on thermally enhanced oil recovery systems provide the principal markets for the uptake of distributed temperature sensing. - DTS technology has become an essential part of the oil & gas and power cable monitoring industry. DTS systems help in constant, real-time downhole monitoring to optimize the operational and economic performance of assets. This allows reservoir engineers to understand the injection and production dynamics better and, accordingly, maximize production and improve recovery, subsequently leading to enhanced profits. For instance, in Jan 2019, Yokogawa introduced TDLS8100 probe-type tunable diode laser spectrometer for use in oil, petrochemical, iron & steel, power, and other industries. - Supportive government policies about safety and increase in industrialization & construction activities, mainly in technologically advancing countries such as China, India, and Brazil, drive the implementation of DTS systems rapidly. For instance, in Nov 2019, AP Sensing collaborated with Energinet, a Danish Transmission Operator, for offering a monitoring solution for the Kriegers Flak transmission system. AP Sensing is monitoring a total of 300 km, utilizing nine Distributed Acoustic Sensing (DAS) units and six Distributed Temperature Sensing (DTS) units. These DTS units with a range of 30-50 km and 1-4 channels are in the application for thermal profiling and to detect thermal anomalies. - Various countries are extensively participating in formulating strict and obligatory OSH standards and legislations to ensure operational safety. Therefore, increasing safety norms and supportive government policies globally have accelerated the growth of the distributed temperature sensing market. However, higher infrastructure updating costs to maintain security needs stands as a significant challenge for the market. - The COVID-19 outbreak and recent nationwide lockdown across the globe have effected the manufacturing activities, especially in Asia-Pacific, where a substantial portion of the globally distributed temperature sensors and other semiconductor components are manufactured. Although, in May 2020, many of these manufacturing sites are recovering and started their operations. However, the fluctuation caused in starting four months in 2020 could result in order delays and lead time across the sensors supply chain during 2020. However, the overall market is expected to recover in the long term and expand the scope of distributed temperature sensing across many new applications. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr497556/distributed-temperature-sensing-market
- DTS systems assist in continuous, real-time downhole monitoring to optimize the operational and economic performance of assets. This enables reservoir engineers to understand the injection and production dynamics better and, accordingly, maximize production and improve recovery, subsequently leading to improved profits. - The DTS market has developed rapidly over the years, and DTS measurements are an integral part of the Oil & Gas industry. Because of its secure and reliable use even in hostile environments (HT, HP, H2S, explosion protection area), an increase in the use of DTS measurements can be expected. DTS measurements can be used in a wide range of applications, such as oil wells installation, monitoring pressure vessels, and monitoring for leaks in gas pipelines. - The progress of unconventional resources, such as heavy oil, shale gas, and oil sands, has been growing in line with the rise in global energy demand. For instance, Yokogawa has developed the DTSX200 distributed temperature sensor (DTS) to facilitate the efficient recovery of unconventional resources by monitoring temperature distribution underground, thus improving the efficiency of natural resource production. - An example is the application of DTS for gas lift performance monitoring in oil producers by measuring the thermal effects from the flow of lift gas through the valves into the production tubing to determine the active, inactive, and possibly leaking valves, and, also, the unloading depth. - The growing construction activities globally and the expanding network of power transmission cables in technologically developing countries in APAC, such as China and India, are adding to the growth of the DTS market in this region. - China, India, South Korea, and Australia are some of the principal nations contributing to the growth and development of the DTS market in this area. The presence of several oil & gas companies in APAC is also driving the growth of the DTS market. - Further, many enterprises operating in this region are spending on R&D to develop distributed temperature sensors, that could bring in advancements in the oil & gas industry. - For instance, TDLS8100 probe-type tunable diode laser spectrometer, developed by Yokogawa Electric Corporation, is used for high pressure and high-temperature gas concentration measurement applications and is intended for use in measuring the flowing gases. - Further, various firms, such as India, China, and South Korea, are actively trying to strengthen their position by entering into numerous public and private collaborations to leverage distributed temperature sensing advancements for automation and other industrial applications. - For instance, NKT Photonics inaugurated a new office in Shenzhen for expanding its reach to China. This facility is provided with the latest products from NKT Photonics' ultra-fast laser portfolio and a broad range of high-end measurement and test equipment. This expansion reinforces its presence in China and facilitates further growth. - Nov 2019 - NKT Photonics expanded its reach to the United States by opening a new facility in Boston. This facility not only serves as sales and support but it also accommodates an application & service laboratory and state-of-art single-frequency fiber laser production. For sample report please visit : https://www.statzyreports.com/report/sr497556/distributed-temperature-sensing-market Contact Us: Like it? Share it!More by this author |