Distributed Acoustic Sensing (DAS) Market is expected to grow $792 million at a CAGR of 11.4% by 2025 - PowerPoint PPT Presentation

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Distributed Acoustic Sensing (DAS) Market is expected to grow $792 million at a CAGR of 11.4% by 2025

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the global Distributed Acoustic Sensing (DAS) Market size is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a CAGR of 11.4% from 2020–2025. – PowerPoint PPT presentation

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Title: Distributed Acoustic Sensing (DAS) Market is expected to grow $792 million at a CAGR of 11.4% by 2025


1
MarketsandMarkets Presents

Distributed Acoustic Sensing (DAS) Market is
expected to grow 792 million at a CAGR of 11.4
by 2025 Distributed Acoustic Sensing (DAS)
Market by Component (Interrogator Units,
Visualization Software), Fiber Type (Single-mode
Fiber and Multimode fiber), Industry (Oil Gas,
Infrastructure, Transportation), and Region -
Global Forecast to 2025 https//www.marketsandmar
kets.com/Market-Reports/distributed-acoustic-sensi
ng-market-31300369.html
2
According to the new market research
report "Distributed Acoustic Sensing (DAS)
Market by Component (Interrogator Units,
Visualization Software), Fiber Type (Single-mode
Fiber and Multimode fiber), Industry (Oil Gas,
Infrastructure, Transportation), and Region -
Global Forecast to 2025", published by
MarketsandMarkets, the global Distributed
Acoustic Sensing (DAS) Market size is estimated
to grow from USD 462 million in 2020 to USD 792
million by 2025 it is expected to grow at a CAGR
of 11.4 from 20202025. DAS systems are
increasingly being adopted by various industries
due to their advantages such as immunity toward
electromagnetic interference, high range, and
lower maintenance compared to electrical-based
sensors. Owing to COVID-19, the DAS market is
estimated to decline by 10 for 20192020. Given
the critical nature of monitoring operations in
the oil gas industry and the increased
digitization of production, completion, and
evaluation operations, DAS systems continue to
hold significant importance in this field due to
increased digitization taking place in this
industry. This has also led to the deployment of
DAS systems in other industries such as military,
infrastructure, and transportation, which is
helping in the growth of the overall
market. Browse 107 market data Tables and 47
Figures spread through 172 Pages and in-depth TOC
on "Distributed Acoustic Sensing (DAS) Market -
Global Forecast to 2025"
3
Market for multimode fibers to grow at higher
CAGR during forecast period Multimode fiber optic
cables have larger cores (4550 microns) compared
with single-mode fibers. The large diameter
allows many paths for the rays of light to travel
through the fiber. The large diameter of
multimode fibers also allows for more optical
power to be launched in the fiber allowing for
greater light gathering capacity and facilitates
the use of cheaper electro-optic devices or
interrogators. Although multimode fibers have a
lower range of detection compared to single-mode
fibers, they can eliminate signal fading within
that distance. Hence, the market for multimode
fibers is expected to grow at a higher CAGR
during the forecast period. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id31300369 Market for oil gas
industry to grow at highest CAGR during forecast
period New pipeline projects are also being
deployed worldwide on a large scale and DAS
technology has proven to be ideal and cost
effective for long-distance monitoring. Due to
the increasing deployment of DAS systems for
pipeline monitoring, the industry is also
expected to have the highest growth during the
forecast period. DAS systems can monitor the
entire length of an oil gas pipeline using
telecommunications grade fiber optic cables. The
market for pipeline integrity holds a larger
share due to the larger distance covered using
DAS systems compared to that for oilfield
services. The fiber optic cable deployed for
pipelines can stretch to thousands of kilometers
compared to their deployment in oilfields, which
is only a few hundred kilo
4
Americas to hold largest share of DAS market
during 20202025 The DAS market is dominated by
the Americas, with North America contributing to
the majority share of the market compared
to South America. In North America, the US is a
key market for DAS systems, accounting for the
largest share in the region during the forecast
period. According to the US Energy Information
Administration (EIA), the US ranked first in oil
gas production. Canada is the second-largest
market for DAS systems in North America and
according to the EIA, Canada ranked fifth in
terms of oil gas production in 2019. South
America has some of the world's largest oil gas
reserves located in Argentina and Venezuela.
In South America, state-owned companies oversee
the majority of oil gas production in their
respective countries.
5
  • Major companies in the distributed acoustic
    sensing (DAS) market are Schlumberger (US),
    Halliburton (US), Baker Hughes (US), OptaSense
    (UK), Future Fibre Technologies (Australia),
    Fotech Solutions (UK), Bandweaver (China), Hifi
    Engineering (Canada), Omnisens (Switzerland), and
    Silixa (UK). Apart from these, ofs (US) and Fibre
    Completion Services (Canada) are among a few
    emerging companies in the DAS market.
  • Request Free Sample Pages
  • https//www.marketsandmarkets.com/requestsampleNew
    .asp?id31300369
  • COVID 19 related Developments
  • During the first quarter of 2020, the CEO of
    Halliburton (US) announced that it will reduce
    overhead costs by USD 1 billion, lower capital
    expenditures by USD 800 million, and take further
    actions in response to the evolving market
    conditions.
  • In response to the COVID-19 pandemic, OptaSense
    (UK) has implemented the following actions to
    ensure business continuity conduct daily
    briefings with parent company QinetiQ, and
    provide remote work access to employees,
    maintaining inventory levels to ensure no
    disruption in product supply lead times, and
    providing remote engineering services to its
    clients.
  • In response to the COVID-19 pandemic, Fotech
    Solutions (UK) has implemented the following
    actions to ensure business continuity the
    product manufacturing team is continuing to
    manufacture essential products to ensure supply.

6
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7
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