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 2020–2025.
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 2019–2020. 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.
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Market
for multimode fibers to grow at higher CAGR during forecast period
Multimode fiber optic cables have larger cores
(45–50 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.
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 kilometers. Also due to the resilience of DAS systems in harsh
operating environments, they are quickly replacing traditional monitoring
solutions such as electrical and quartz-based sensors.
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– Tables
47 – Figures
172 – Pages
47 – Figures
172 – Pages
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Americas
to hold largest share of DAS market during 2020–2025
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. Hence, the Americas is expected
to hold the largest market for DAS systems. At present, due to the North
American region being most affected owing to the COVID-19 pandemic resulting in
the subsequent decrease of hydraulic fracturing and offshore drilling
activities, the DAS market in the Americas is expected to be among the most
affected markets.
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.
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