Distributed Acoustic Sensing (DAS) Market Is Expected To Exhibit A CAGR Of 22.0% During The Forecast Period (2019-2027)

Distributed acoustic sensing is a technology that facilitates real-time monitoring of pipelines and wells, in order to provide vital information to customers in various challenging circumstances. The basic principle of working of DAS us Rayleigh scattering and is used to determine acoustic strain signals over long distances. This virtually and effectively turns optic fiber into a series of microphones. 

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Market Dynamics- Drivers

Growing demand for energy worldwide is expected to increase the adoption of DAS and drive growth of the global distributed acoustic sensing (DAS) market during the forecast period

According to the International Energy Agency Forecast, by 2030 end, global energy demand is expected to increase by 50%. This increasing energy demand is necessitating the need to access new hydrocarbon resources. Currently, production and transportation of energy is taking place in highly complicated conditions such as ultra-deepwater operation, soil instabilities, increasing tectonic activity, human intrusion risks, no adverse impact on fisheries and terrestrial fauna, need for real-time complex LNG assets control and high temperatures employed in steam enhanced heavy oil recovery methods. 

High capabilities of DAS sensors to withstand critical environmental conditions are expected to propel the global distributed acoustic sensing (DAS) market growth over the forecast period

Distributed acoustic sensors can detect changes at number of intervals over long distances, which is suitable for functions that include remote places and harsh environments. Such conditions are quite common in petroleum industry and oilfield applications. Furthermore, DAS sensors are increasingly being adopted in number of companies to determine the flow characteristics and associated physical properties inside pipe and near the wellbore. 

Market Opportunities

Growing adoption in energy and power sector to present lucrative business opportunity

DAS technology can be used in power and energy sector to provide additional capabilities in terms of security and reliability. DAS is vital technology for power and energy sectors as they considered as assets of critical national security. Innovative features such as inherent reliability and passive nature of fiber optic based acoustic sensing is expected to offer a significant platform for this technology in various applications. 

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Constant developments in offshore infrastructure are expected to pose lucrative business opportunity
Ongoing developments at offshore infrastructure are expected to boost the demand for of oil & gas industry along with growth of renewable energy regeneration in offshore locations. For instance, in June 2016, OptaSense along with its partner Optilan, obtained the combined leak detection and security contract from ABB for the delivery of the control infrastructure for the Trans-Anatolian Natural Gas Pipeline (TANAP) project.

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