Distributed Acoustic Sensing Market
Global Market Study on Distributed Acoustic Sensing: Technological Advancements and Durability of Fiber Optic Systems Catalyzing Market Growth
Transport networking has become an important element in major cities. Increasing number of vehicles has led to reduced road space, accidents, and traffic jams. However, all these situations are not managed by current traffic systems. Due to this, adoption of distributed acoustic sensing is increasing for traffic monitoring.
Distributed acoustic sensing by fiber optic cable networks has advantages over other smart transport technologies, as the diffusion of fiber optic cables covers almost all parts of cities and road infrastructure. After the fiber optic cables are placed, there is no need of digging up the street and installing cameras and fit point sensors.
Distributed acoustic sensing systems analyze traffic speed and density, detect traffic jams, and also help identify disruptions such as accidentally broken-down vehicles. It creates a complete picture of the transport network situation in the city, and this information is transmitted to citizens through certain apps where they can see the road traffic.
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- Halliburton Co.
- Schlumberger Limited
- Future Fibre Technologies
- Fotech Solutions Ltd.
- Silixa Ltd
- Omnisens SA
- HiFi Engineering Inc.
- Baker Hughes Incorporated
Capability to Withstand Harsh Environment and Temperature Conditions
Distributed acoustic sensing can detect changes over long distance intervals that are suitable for functions that involve harsh environment. These conditions are intrinsic to petroleum and oil & gas industries. Companies are adopting distributed acoustic sensing to determine properties and characteristics of flow in different pipes near the wellbore.
Adoption of distributed acoustic sensing is increasing due to technological advancements and durability and reliability of fiber optic systems. Advancements in glass chemistry and enhancements in processing speed are making data interpretation faster and easier for users across various industries. This leads to increased demand for distributed acoustic sensing in the market.
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Introducing New Solutions to Address Challenges Associated with Volumes of Data
Increasing efforts to overcome data management challenges associated with distributed acoustic sensing is one of the major trends witnessed in the global distributed acoustic sensing market. Distributed acoustic sensing solutions generate vast amounts of data in a short period of time, thereby, creating challenges for companies to store those data.
- For instance, a distributed acoustic sensing system can generate 5TB of data per day during a hydraulic fracturing monitoring operation.
Without a purpose-designed data management system to handle this workload, operators are currently using a patchwork of software solutions to extract and compress the large data sets from distributed acoustic sensing systems. However, several companies are working on introducing new solutions, such as high-speed supercomputers. The high-speed computer help analyze, visualize, and automatically extract key findings in the raw data produced by distributed acoustic sensing.
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Developments in Extraction of Precise Quantitative Information
Despite the volumes of newly acquired data through distributed acoustic sensing systems, there is still a need for more precise information regarding downhole activities. Currently, majority of the DTS and distributed acoustic sensing systems offer a descriptive or qualitative observation.
Although there is vast value attached to qualitative information, operators are looking for data with quantitative measurements, which in turn, will help them analyze the dynamics of well and reservoir more efficiently. In order to cater to the increasing demand from operators for more precise information, technology developers are working to reduce the gap.
Leading players in the distributed acoustic sensing market such as Schlumberger, Baker Hughes, and OptaSense are continuously investing significant funds to develop quantitative solutions for distributed acoustic sensing. These companies are incorporating algorithms developed by several oil and gas clients into the surface interrogator units to quantitatively determine the flow of fluid across wells and pipelines.
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Utilization of Distributed Acoustic Sensing in Energy and Power Sector
Assets related to energy transmission and distribution are considered assets of critical national security, similar to other energy transfer infrastructure. The distributed acoustic sensing technology can be utilized in this sector to provide utilities with additional capabilities in terms of reliability and security.
Features such as inherent reliability and passive nature of fiber optic-based acoustic sensing is expected to make distributed acoustic sensing a worthy technology for a number of applications in the energy and power industry. These include effective intervention and intrusion monitoring.
For instance, the most advanced distributed acoustic sensing technologies can be deployed through existing fiber optic infrastructure, making the technology ideal for retrofit applications. This, in turn, is expected to create potential business opportunities for vendors operating in the global distributed acoustic sensing market.
Middle East & Africa to Display Growth Potential for Distributed Acoustic Sensing Market
The Middle East and Africa region is anticipated to witness an impressive growth rate in the distributed acoustic sensing market, during the forecast period. MEA region recently witnessed an increase in demand for distributed acoustic sensing systems in oil and gas industry as distributed acoustic sensing system is used for well monitoring. Manufacturers are focusing on launching new solutions for downhole imaging capabilities to help operators carry out their businesses more efficiently.
A comprehensive view of the distributed acoustic sensing market has led our analysts to conclude that, the market for distributed acoustic sensing is proliferating at a remarkable rate. Regions such as the Middle East & Africa are holding a large part of the share of the global distributed acoustic sensing market. Among the applications, oilfields are expected to grow rapidly, as distributed acoustic sensing systems help evaluate and monitor assets with a solution that provides borehole seismic acquisition, fracture profiling, and production flow monitoring through a single system in oil and gas wells. New product innovations and strong financial position of key market players will also give momentum to the global distributed acoustic sensing market. Regional expansion and collaborations with providers of other distributed acoustic sensing are some strategies being adopted by key players to boost their sales.
Distributed acoustic sensing Market: Taxonomy
PMR’s research study on the global distributed acoustic sensing market offers a detailed market taxonomy, wherein the key segments have been discussed in detail. The segmentation of the distributed acoustic sensing market has been offered on the basis of component, application and region. Every segment has been analyzed in detail and data pertaining to the growth of each segment has been included in the study.
Distributed acoustic sensing Market: Key Questions Answered in the Report
The research study on the distributed acoustic sensing market offers inclusive insights about the growth of the market in the most comprehensible manner for better understanding of users. The insights offered in the distributed acoustic sensing report answer some of the most salient questions that assist the stakeholders in gauging all the emerging possibilities.
- How has the rapidly changing business environment turned into a major growth engine for the distributed acoustic sensing market?
- What are the key trends that are constantly shaping the growth of the distributed acoustic sensing market?
- Which are the prominent regions offering plentiful opportunities for the distributed acoustic sensing market?
- What are the key differential strategies adopted by key players to command a significant chunk of the global market share?