Market Trends of Distributed Temperature Sensing Industry
This section covers the major market trends shaping the Distributed Temperature Sensing Market according to our research experts:
Distributed Temperature Sensing Technology to have Major Application in Oil & Gas Production
- The oil and gas segment is anticipated to hold to the largest market share in the forthcoming years. DTS technology has become an indispensable part of the oil & gas industry. The need to know the vertical thermal profile and the real-time temperature is growing, leading to the widespread use of DTS across petrochemical plants, drilling, pipelines, floating-roof tanks/fixed-roof tanks, and others.
- DTS systems assist in continuous, real-time downhole monitoring to optimize the operational and economic performance of assets. This enables reservoir engineers to understand the injection and production dynamics better and, accordingly, maximize production and improve recovery, subsequently leading to improved profits.
- The DTS market has developed rapidly over the years, and DTS measurements are an integral part of the Oil & Gas industry. Because of its secure and reliable use even in hostile environments (HT, HP, H2S, explosion protection area), an increase in the use of DTS measurements can be expected. DTS measurements can be used in a wide range of applications, such as oil wells installation, monitoring pressure vessels, and monitoring for leaks in gas pipelines.
- The progress of unconventional resources, such as heavy oil, shale gas, and oil sands, has been growing in line with the rise in global energy demand. For instance, Yokogawa has developed the DTSX200 distributed temperature sensor (DTS) to facilitate the efficient recovery of unconventional resources by monitoring temperature distribution underground, thus improving the efficiency of natural resource production.
- An example is the application of DTS for gas lift performance monitoring in oil producers by measuring the thermal effects from the flow of lift gas through the valves into the production tubing to determine the active, inactive, and possibly leaking valves, and, also, the unloading depth.
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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.
- Further, various firms, such as India, China, and South Korea, are actively trying to strengthen their position by entering into numerous public and private collaborations to leverage distributed temperature sensing advancements for automation and other industrial applications.
- For instance, NKT Photonics inaugurated a new office in Shenzhen for expanding its reach to China. This facility is provided with the latest products from NKT Photonics' ultra-fast laser portfolio and a broad range of high-end measurement and test equipment. This expansion reinforces its presence in China and facilitates further growth.
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