Global Distributed Temperature Sensing (DTS) Market is valued at approximately USD 658.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.9% over the forecast period 2020-2027. Distributed temperature sensing (DTS) can be defined as a real-time temperature measurement procedure that is employed in extending continuous monitoring for the extensive length of the cable comprising all the vital measurement points. These systems were primarily developed for the oil & gas industry to facilitate reservoir engineers in improving the monitoring techniques. More often, these systems provide continuous measurements of pressure and temperature through which fire and leakage could be identified to prevent any casualties. Thus, it provides safety to the workers as well as manufacturing plants from unexpected hazards, which may increase the demand of distributed temperature sensing market. Moreover, the rise in growth or expansion of oil & gas sector, supporting government policies pertaining to worker safety, and surging investment on smart grid technology are the few factors responsible for the high CAGR of the market during the forecast period. According to the Smart grid projects outlook 2017 released by the European Commission (EC), there were around 950 smart grid projects are enduring in the region, with a total investment of around USD 5.46 billion. Among which, nearly 324 are multinational and 626 are national spread across 800 sites in 36 countries, with U.K., Germany, Spain, and Denmark are being the major countries with the highest number of projects related to smart grid. This, in turn, is expected to strengthen the demand for distributed temperature sensing market growth all over the world. However, the complicated fault detection and troubleshooting process, coupled with lack of data utilization gathered by the DTS system are the few major factors inhibiting the market growth over the forecast period of 2020-2027.

The regional analysis of the global Distributed Temperature Sensing (DTS) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to the growing network of power transmission cables, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in smart grid projects along with the increasing rate of industrialization & urbanization in developing countries, such as China and India, would create lucrative growth prospects for the Distributed Temperature Sensing (DTS) market across the Asia-Pacific region.

Major market player included in this report are:
STMicroelectronics N.V.
NXP Semiconductors N.V.
Infineon Technologies AG
Qualcomm Technologies Inc.
Atmel Corporation
Texas Instruments Inc.
Robert Bosch GmbH
Johnson Controls International plc
Sony Corporation
Honeywell International Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Fiber Type:
Single-Mode Fiber
Multimode Fiber

By Operating Principle:
Optical Time Domain Reflectometry (OTDR)
Optical Frequency Domain Reflectometry (OFDR)

By Application:
Oil & Gas Production
Power Cable Monitoring
Pipeline Surveillance
Fire Detection
Environmental Monitoring
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of the Global Distributed Temperature Sensing (DTS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors