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Global Distributed Acoustic Sensing Market to Surpass US$ 2 Billion
in Revenues by 2025
The global distributed acoustic sensing (DAS) market is projected to reach US$ 460.8
Mn in 2017, up from US$ 404.3 Mn in 2016. Persistence Market Research, in its new
research, projects the market to grow at 20.2% CAGR and surpass US$ 2 Bn in
revenues by 2025.
The key factors driving the global acoustic sensing market include,
• Increasing global energy demand: According to International Energy Agency,
global energy demand will increase by 50% by 2030-end. Distributed acoustic
sensing has emerged as a feasible cost-effective method to optimize energy
production and transfer.
• Distributed acoustic sensors are capable of withstanding harsh environment
and temperature conditions, owing to which their adoption is steadily gaining
traction, especially in the petroleum sector.
• Increasing adoption of distributed acoustic sensing in the railways sector is
contributing to the growth of the market. Distributed acoustic sensors are being
used to protect track-side assets, including location cabinets and Relocatable
Equipment Buildings (REB).
Although PMR maintains a positive outlook on the global distributed acoustic
sensing market, few challenges can impede the growth of the market. Depreciating
oil prices and large volume of data generated by distributed acoustic sensing are
currently the key impediments to growth.
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The key trends impacting the distributed acoustic sensing market include,
• Growing adoption of distributed acoustic sensing in non- oil and gas verticals.
Owing to various developments and improvisations, digital acoustic sensing is
being increasingly deployed in perimeter intrusion detection.
• Storage of information collected through distributed acoustic sensing
remains a key challenge. It is estimated that during a typical hydraulic
fracturing monitoring operation, a DAS system can generate data up to
5 TB per day. Storing such large volumes of data has been a
longstanding challenge for companies, with most vendors using a
patchwork of software solutions to extract data from DAS.
By application, Persistence Market Research has segmented the distributed acoustic
sensing market into oilfield services, pipeline management, security & surveillance,
and transport services. Oilfield services accounted for the largest revenue share of the
market; by 2025, this segmented is projected to reach 63.3% in revenues. In terms of
revenues, this segment is projected to reach a market value of over US$ 1.26 billion.
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http://www.persistencemarketresearch.com/market-research/distributed-acoustic-sensingmarket/toc
Unsurprisingly, Middle East & Africa (MEA) is the largest market for distributed
acoustic sensors. The region is expected to account for a revenue share of 38.1% in
2017. North America is the second largest market for distributed acoustic sensors
globally. In North America, the U.S. continues to dominate the demand for
distributed acoustic sensors, with nearly 75% revenue share of the market.
Leading companies profiled by Persistence Market Research in its report are
Halliburton Co., Schlumberger Limited, Optasense, Baker Hughes Incorporated,
Future Fibre Technologies, Fotech Solutions Ltd., Silixa Ltd., Bandweaver,
Omnisens SA, and Hifi Engineering Inc.
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/distributed-acoustic-sensing-market.asp
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