Distributed Temperature Sensing (DTS) Market Expected to Reach $1.5 Billion by 2030-Allied Market Research

Distributed Temperature Sensing (DTS) Market by Fiber Type (Single-Mode Fiber, Multimode Fiber), by Operating Principle (Optical Time Domain Reflectometry (OTDR), Optical Frequency Domain Reflectometry (OFDR)), by Application (Oil & Gas, Power Cable Monitoring, Pipeline Surveillance, Fire Detection, Environmental Monitoring, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030 . According to a new report published by Allied Market Research, titled, "Distributed Temperature Sensing (DTS) Market," The distributed temperature sensing (DTS) market was valued at $734. 23 million in 2020, and is estimated to reach $1.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.

Top Impacting Factors
Significant factors that impact the growth of the global distributed temperature sensing industry include, a wide range of applications paired with the increase in rules and regulations pertaining to safety standards. Moreover, a rise in demand for oil & gas applications is expected to drive the market growth. However, complex fault detection and troubleshooting process act as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, growing investment in smart grid technology is expected to offer a potential growth opportunity for the distributed temperature sensing (DTS) market outlook during the forecast period.

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Key Segmentation

By Fiber Type
• Single-Mode Fiber
• Multimode Fiber

By Operating Principle
• Optical Time Domain Reflectometry (OTDR)
• Optical Frequency Domain Reflectometry (OFDR)

By Application
Oil & Gas
• Power Cable Monitoring
• Pipeline Surveillance
• Fire Detection
• Environmental Monitoring
• Others

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, Taiwan, India, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

Dynamics of the market-
The dynamics in the Distributed Temperature Sensing (DTS) market report gives out widespread information in regards to the factors shedding a negative and positive impact on the market. Moreover, this section makes up for the segments such as top investment pockets, positioning of top players, market drivers, restraining factors, challenges, and opportunities. Furthermore, parent/peer marketing forces are also included in the report to fathom out the impact of internal and external forces on the global Distributed Temperature Sensing (DTS) market.

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Covid-19 Scenario:
• Manufacturing facilities in the sector have been temporarily stopped due to the implementation of global lockdown, unavailability of skilled labor force, shortage of raw materials, and disrupted supply chain across the globe. This way, the pandemic has had a negative impact on the growth of the global Distributed Temperature Sensing (DTS) market
• Nevertheless, the demand is expected to regain during the post-lockdown, as market players have been adopting various quick response strategies to stabilize the supply chain and to ensure abundant raw material availability and seamless distribution.
The market is depicted to bring in significant growth during the forecast period. Furthermore, the report doles out an in-depth statistic about the drivers, restraints, and opportunities that have a straight impact on the Distributed Temperature Sensing (DTS) market. Also, the report focuses on assessing the market extent of four major regions including Asia-Pacific, Europe, North America, and LAMEA. In short, the market report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.

Regional Analysis
The key countries covered in the global Distributed Temperature Sensing (DTS) market include:-
• North America:- the USA, Canada, and Mexico
• Europe:- France, Spain, Italy, Russia, THE UK, Netherlands, Germany, and Rest of Europe
• Asia-Pacific:- India, Japan, China, Australia, Singapore, South Korea, and Rest of Asia-Pacific
• LAMEA:- Latin America, Africa, and Middle East

Research Methodology
The research operandi of the global Distributed Temperature Sensing (DTS) market include significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.
This information also helps the market players to make strategic decisions to remain competitive in the market, throughout. Moreover, the report also provides the top market players that are ruling the market. The report provides the SWOT analysis of the key market players including STMICROELECTRONICS N.V., NXP SEMICONDUCTORS N.V., INFINEON TECHNOLOGIES AG, QUALCOMM TECHNOLOGIES, INC., ATMEL CORPORATION, TEXAS INSTRUMENTS INC., ROBERT BOSCH GMBH, JOHNSON CONTROLS INTERNATIONAL PLC., SONY CORPORATION, HONEYWELL INTERNATIONAL INC.

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Key Takeaways of the Report
• An explanatory portrayal of the global Distributed Temperature Sensing (DTS) market coupled with the current drifts and future estimations to facilitate the investment pockets
• Major revenue generating segment together with regional trends & opportunities
• Qualitative valuation of market drivers, challenges, opportunities, and trends
• Governing procedures and development bents
• Company portfolios along with their investment plans and financial specifics
• Valuation of recent policies & developments and their impact on the Distributed Temperature Sensing (DTS) market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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