Distributed Fiber Optic Sensor Market is expected to grow with a CAGR of 7.2% from 2023 to 2030.
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A fibre optic connection may now be continuously and instantly measured thanks to a technique called distributed sensing. Distributed sensing uses the optical fibre rather than built devices, in contrast to typical sensors, which rely on discrete sensors measuring at fixed locations.
This report describes the global market size of Distributed Fiber Optic Sensor Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 7.2% from 2023 to 2030.
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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Distributed Fiber Optic Sensor Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 7.2% during the forecast period 2023-2030. North American market for Distributed Fiber Optic Sensor Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Distributed Fiber Optic Sensor Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
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By Technology
Rayleigh Effect
Brillouin Scattering
Raman Effect
Interferometric
Bragg Grating
In 2022, the Raman Effect technology category accounted for the largest portion of total revenuemore than 38,4%. This may be attributed to the technology's application in crucial circumstances, such as the security of huge structures, the detection of coolant leaks, and the detection of fires, as well as its employment in sophisticated data processing techniques.
The industry is anticipated to benefit greatly from the Rayleigh effect segment's strong growth prospects. It is because technology can now measure almost all physical factors, including temperature and strain. This technique helps in the sensing of physical characteristics by tracking and highlighting propagating effects using the light scattering concept.
By Vertical
Oil & Gas
Power & Utility
Safety & Security
Industrial
Civil Engineering
With a revenue share of more than 35.40% in 2022, the oil & gas segment led the market. The development of other verticals, such as electricity and utility, safety and security, and industrial and civil engineering, also has a significant influence. For optimised performance and real-time, precise downhole monitoring, which results in data-driven decision-making, DFOS is crucial.
However, it is anticipated that the industrial segment will grow at the fastest rate during the projection period. Due to the rising demand among electric utility firms for localization and hotspot detection, smart grid, and ampacity, the power and utility industry has increased its revenue share significantly.
By Application
Temperature Sensing
Acoustic/Vibration Sensing
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Other
In 2022, the industry was led by the temperature sensing application sector, which brought in more than 45.00% of the total revenue. A continuous profile of strain, acoustics, temperature, or other parameters over the full length of the fibre is produced with the use of DFOS sensors. The industry has been divided into acoustic/vibration sensing, temperature sensing, and others based on uses.
Businesses and organisations can use Distributed Temperature Sensing (DTS) systems to implement efficient temperature measuring procedures in difficult situations. The market for the technology is expanding because of its high precision and versatility to be employed in a variety of industries, including oil & gas, industrial, civil engineering, and power & utility.
By Region
North America
APAC
Europe
South America
Middle East & Africa
Hydraulic fracturing and horizontal drilling, both of which make use of high-performance optical fibres, helped the U.S. generate roughly 34.4 trillion cubic feet of natural gas in 2020. In order to increase their capacity for profit creation, oil and gas businesses are encouraged by the growing price of crude oil to implement more accessible and effective support systems. This increases the industry's growth prospects.
Due to technical developments made in the area, which helped to fuel the expansion of the fibre optics market, the Europe region accounted for a sizeable revenue share in 2022. The epidemic increased the demand for more robust infrastructure connections and speedier internet services.
By Company
Schlumberger Limited
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