Distributed Fiber Optic Sensors Market | Top Companies, Growth Factors, Technology & Innovation Trends from 2017 to 2023
Global Distributed Fiber Optic Sensor Market Size, Share, Development, Growth and Demand – Industry Insights by Scattering Process , Bragg Grating Sensor and Brillouin Scattering Effect, by Operating Principle , by Fiber Type by Vertical , by Application (Temperature Sensing, Acoustic Sensing , Strain Sensing, Pressure Sensing, and Others)
New York, United States – December 29, 2017 /MarketersMedia/ —
Distributed fiber optic sensors overcome the built-in constraints of traditional technologies such as thermocouples and strain gauges. Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations. These sensors substitute integration of thousands of sensors with single optical fiber system. Moreover, the optical fiber is light weighted, manageable, available at low-price, and unaffected to electromagnetic interference (EMI), which makes it an economical and flexible sensor medium. The benefits associated with distributed fiber optic sensors are likely to spur the growth of this market. Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future.
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The key factors propelling the growth of global distributed fiber optic sensor market include the escalation in global demand of oil and gas, power and utility and safety and security. Distributed fiber optic sensors have ability to operate and optimize resources of oil and gas industry more effectively. Several factors including focus of government in various countries on improving oil recovery, across the globe and rise of expensive multi-lateral hydraulic fracturing are the major factors supporting the growth of global distributed fiber optic sensor market. In traditional tank monitoring systems, sensing element is being considered as a physical device and commonly implemented at the end of copper line. Unlike traditional tank monitoring devices, distributed fiber optic sensing technology use the entire length of glass fiber and turn it into thousands of sensing points to provide more accurate and efficient results. The benefits associated with these sensors are one of the major factors for their increasing adoption in oil and gas vertical.
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Geographically, North America has been the largest market for distributed fiber optic sensors. The oil and gas industry contributed largest revenue to the distributed fiber optic sensor market in the region. The U.S. is considered as the largest petroleum consumer across the globe and it is also producing oil faster than other countries in the world. Uninterrupted demand and production of oil and energy in the region are the major factors propelling the demand of distributed fiber optic sensors in the region.
The key players in the distributed fiber optic sensor market include Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International plc, QinetiQ Group plc, Luna Innovations Incorporated, OFS Fitel LLC, Bandweaver, OmniSens S.A., Brugg Kabel AG, AP Sensing GmbH, AFL, and Ziebel AS.
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