Distributed Temperature Sensing Market 2021 Business Scenario – Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International PLC

The Distributed Temperature Sensing market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Distributed Temperature Sensing market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Distributed Temperature Sensing from 2021 till 2026.
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The Distributed Temperature Sensing Market is expected to register a CAGR of 7% over the forecast period 2020 to 2025. 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.

Top leading Manufacturers Profiled in Distributed Temperature Sensing Market Report are: Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International PLC, Sumitomo Electric Industries, Ltd., Banner Engineering Corp, AP Sensing GmbH, OMICRON Electronics GmbH, OFS Fitel, LLC, Bandweaver Technologies, GESO GmbH & Co., NKT Photonics, Omicron Electronics GmbH, Micron Optics, Inc., Sensornet Limited

Regional Analysis for Distributed Temperature Sensing Market:

For a comprehensive understanding of market dynamics, the global Distributed Temperature Sensing market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

APAC to Dominate the Market during Forecast Period

- Asia-Pacific region is the fastest-growing market for Distributed Temperature Sensing, owing to the established oil & gas production industry and increasing technological advancements in developing countries such as China, Japan, and South Korea.

- 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.

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Competitive Landscape

- Feb 2020 - Schlumberger announced the opening of a world-class manufacturing center in King Salman Energy Park (SPARK). The center will manufacture various technologies including liner hangers and packers and valve technologies, such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.

- 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.

What is the Impact of Covid-19 Outbreak on the Distributed Temperature Sensing?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Distributed Temperature Sensing.
- Distributed Temperature Sensing Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Distributed Temperature Sensing market:

- What are the recent developments and government policies?
- What are the top trends in the Distributed Temperature Sensing market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Distributed Temperature Sensing market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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