Global Sweetener Market to 8.55% CAGR to 2021 – Analysis of Halliburton, Schlumberger, Yokogawa Electric, and Ziebel

MarketResearchNest.com adds “Global Distributed Fiber Optic Sensing Market 2017-2021” new reports to its research database. The report spread across 90 pages with tables and figures in it.

The research analysts forecast the global distributed fiber optic sensing market to grow at a CAGR of 8.55% during the period 2017-2021.

A fiber optic sensor consists of a light source, an external transducer, a photodetector, and an optical fiber, and they measure the properties of light, such as intensity, wave length, and polarization, to sense the surrounding. The change in the properties of light is detected and used to infer the change in the surrounding or the target object. A fiber optic sensor helps in measuring several physical, chemical, and biomedical properties by detecting the changes in the following properties of the target or sensing location.

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Technavio recognizes the following companies as the key players in the global distributed fiber optic sensing market: Halliburton, Schlumberger, Yokogawa Electric, and Ziebel

Other Prominent Vendors in the market are: AP Sensing, Omnisens, OptaSense, and Silixa.

The latest trend gaining momentum in the market is Seismic downhole measurements. Seismic surveys usually deploy three-component geophones (which convert ground movement into a voltage). Any deviation of the voltage from its baseline is called as a seismic response. However, geophones can measure the seismic information at only a single position. Hence, many sensors need to be deployed in a single setup, which is an expensive as well as time-consuming process. Also, many of the conventional seismic sensors do not work efficiently in extreme environmental conditions.

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According to the report, one of the major drivers for this market is High tolerance to high temperatures. Distributed fiber optic sensors can handle extreme temperature conditions; they can operate at temperatures up to 751.73 °F without getting thermally damaged. This is increasing the adoption of distributed fiber optic sensors in harsh, high-temperature applications. These sensors enable the seamless flow of operations in such applications by helping in monitoring various processes. The oil & gas industry is leveraging this heat-bearing capability of distributed fiber optics sensors and using them to increase the safety of the plants, pipelines, and oil wells.

Further, the report states that one of the major factors hindering the growth of this market is High cost of maintenance. One of the major issues hindering the growth of the global distributed fiber optic sensing market is the high cost of maintenance (including the upgrade from conventional sensors). The distributed fiber optic sensors are developed with advanced features and functionalities, such as attenuation loss control and bandwidth spread, which are increasing their manufacturing cost. The effective installation of several distributed fiber optic sensors sometimes requires the automation of the entire factory operations. Moreover, in certain cases of retrofit applications, the existing communication lines need to be changed, which is a highly capital-intensive process. Therefore, it requires a huge capital investment to deploy sensors throughout an organization, which is hindering the adoption of fiber optic sensors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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