Distributed Acoustic Sensing Market Current and Future Demand 2025 - PowerPoint PPT Presentation

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Distributed Acoustic Sensing Market Current and Future Demand 2025

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The global distributed acoustic sensing market (DAS) is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.4% during 2020–2025. – PowerPoint PPT presentation

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Title: Distributed Acoustic Sensing Market Current and Future Demand 2025


1
MarketsandMarkets Presents

Distributed Acoustic Sensing Market Current and
Future Demand 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
The global distributed acoustic sensing
market (DAS) is estimated to grow from USD 462
million in 2020 to USD 792 million by 2025 it is
expected to grow at a Compound Annual Growth Rate
(CAGR) of 11.4 during 20202025. Unlike
traditional sensors that are electrically
powered, DAS systems are immune to
electromagnetic interferences, have a higher
range, a longer lifespan, and can also operate in
harsh environments. This is one of the primary
drivers for their adoption in the oil gas
industry. In tandem, DAS systems have also been
developed for other industries such as
infrastructure, military, and transportation. As
a result of the spread of COVID-19, DAS
manufacturers that have an existing stock of
hardware components (mainly interrogator units)
may find it difficult to clear their current
inventory due to low demand owing to the effects
of the pandemic. Thus, many of the distributed
acoustic sensing manufacturers are expected to
decrease their production. 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
Distributed Acoustic Sensing Market for software
component to grow at highest CAGR during forecast
period The visualization software is often
specific to the DAS application. The software
often shows the path of the optic fiber cable
routing against a site map and will highlight the
location where an event is taking place (for
instance, a leak in an oil pipeline). For
perimeter security, the DAS software is often
interfaced with existing third-party SCADA
control or security software, which highlights an
event. For wellbore applications, DAS
visualization software can be used for the
real-time monitoring of injection fluid,
assessing fluid entry points, and fluid
distribution along the well. Visualization
software contributes to about 5 of the overall
cost of the DAS system in most cases. . Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id31300369 Distributed Acoustic
Sensing Market for Single-mode fiber to hold
larger share of market throughout forecast
period Single-mode fibers are intended for long
haul communications and therefore, are preferred
for most DAS applications. Telecommunications-grad
e single-mode fiber optic cables can support
distances of 50 km without any perceived noise in
the signal. Hence, most DAS applications such as
pipeline monitoring or border/perimeter
surveillance generally utilize single-mode fibers
since they provide a higher range of about 50 km.
This makes the systems much more cost efficient
as the interrogator units have to be deployed at
every 50 km.
4
Oil gas industry to dominate Distributed
Acoustic Sensing market throughout forecast
period In the oil gas industry, well monitoring
using DAS systems provide significant benefits in
optimizing and maximizing the production of both
offshore and inland oilfields. The industry is
one of the primary users of DAS systems, with
several oil gas companies such as Schlumberger
(US) and Halliburton (US) having a significant
investment in the technology. New pipeline
projects are also being deployed worldwide on a
large scale and DAS technology has proven ideal
and cost effective for long-distance monitoring.
The increasing number of oil wells and pipeline
deployment has led to oil gas being the largest
market for DAS systems. Furthermore, the
deployment of DAS systems for pipeline monitoring
is also expected to contribute to the overall
growth of the market. The oil gas industry,
which accounts for the majority share of the
market for DAS systems is also expected to be
adversely affected compared to other key
industries in the DAS market due to the COVID-19
pandemic. It is being observed that the sector is
seeing an imbalance of oversupply and low demand
resulting in a drop in crude oil prices,
resulting in the production of oil and gas also
being significantly reduced. This has led to
reduced capital investments and as such, new
pipeline projects and the construction of new
oilfields is being put on hold. This is expected
to put a hold on the deployment of DAS systems in
the oil gas sector. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id31300369
5
Distributed Acoustic Sensing Market in APAC
expected to grow at highest CAGR during forecast
period APAC is one of the fastest-growing markets
for DAS solutions, with China dominating the DAS
market in the region with its increasing oil
production operations and the development of
military and infrastructure. With huge
investments in developing infrastructure in the
fast-growing developing nations such as China and
India in the region, the market presents a huge
potential for the implementation of DAS systems.
The development of military strength in the
region has also increased the potential for the
deployment of DAS technology. The diffusion of
knowledge about the benefits of DAS technology
such as lower operating costs and less
maintenance in the region is critical for the
growth of the technology in the region. Hence,
the market is APAC is forecasted to witness the
highest growth due to the construction and
expansion of oil gas pipelines and increased
foreign investments in the development of
oilfields. Key Market Players Major companies in
the distributed acoustic sensing 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.
6
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7
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