DTS System Market to Meet 8.44% Growth Rate to 2020 as Claimed by a Latest Research Report Available at RnRMarketResearch.com
Dallas, TX (PRWEB) April 18, 2015 -- The Distributed Temperature Sensing (DTS) Systems Market is projected to register a CAGR of 8.44% between 2014 and 2020 to reach $828.4 million. Conventional temperature measurement systems are inconvenient to use in harsh operating environments. They are susceptible to electromagnetic interference, extremely high temperatures, and corrosion in humid conditions. In the oil &gas industry, temperature measurement is an important requirement for applications such as downhole reservoir monitoring and well completion. Some applications require temperature sensing systems that can operate at high temperatures and are immune to any electromagnetic interference. Distributed temperature sensing systems provide the perfect solution for such applications. The complete report is available @ http://www.rnrmarketresearch.com/distributed-temperature-sensing-dts-systems-market-by-operating-principle-otdr-ofdr-fiber-type-single-mode-multi-mode-application-oil-gas-production-power-cable-monitoring-fire-detectio-market-report.html .
For over a decade, DTS systems have been used in oil & gas production. They provide a cost-effective solution for obtaining highly accurate temperature measurements. In DTS systems, a single optical fiber acts as a sensor, replacing the need of multiple point sensors. DTS systems have a high spatial resolution and long range, making them extremely useful in conditions wherein it is difficult to trace the exact sensor location after preliminary engineering. As DTS systems rely on optical sensing, they are free from any electromagnetic interference as well as the risk of electric hazards which affect electrical sensing systems. The systems are increasingly used in other applications such as power cable monitoring, fire detection, and pipeline leakage detection.
Key Companies profiled in this research report are Halliburton Co., Sensornet Ltd., Innosys Industries, Inc., OFS Fitel Llc, LIOS Technology GMBH, Schlumberger NV, Omnisens SA, Yokogawa Electric Corp., Weatherford International PLC, Sumitomo Electric Industries Ltd., Omicron Electronics GMBH, Tendeka B.V., AP Sensing GMBH, and GESO. Order a copy of this research report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=355779 .
The improved reliability of distributed temperature sensing systems, their ability to operate in harsh environments, and their application in improving brownfield operations are some of the key drivers of the DTS technology. However, technical difficulties in sensor cable deployment remains one of the biggest restraints of this technology. The subsea market presents a high potential for the growth of the DTS technology in the near future. The most important challenge ahead for DTS system providers is the high cost of DTS systems. The key to success, however, is providing the best value solution to customers that justify the relatively higher price of these systems.
In this report, the distributed temperature sensing systems market has been segmented based on measuring principle, fiber type, and application. The DTS systems market based on geography has been segmented into the Americas, Europe, Asia-Pacific, and the Rest of the World. Market sizes for major countries have also been covered in this report.
This is a premium research report priced at US$ 4650 for single user PDF license. Inquire for discount on this research report @ http://www.rnrmarketresearch.com/contacts/discount?rname=355779 .
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