Digital Textile Printing Inks Market Size, Share And Forecast To 2030


(MENAFN- Straits Research) The sophisticated sensing technique known as distributed acoustic sensing measures the acoustic data constantly and in real-time over the entirety of the length of a fibre optic cable. This kind of sensing does not rely on fixed manufactured sensors as conventional sensing does, which instead measure at predetermined spots using discrete sensors, although it does make use of optical fibres. Traditional sensing relies on discrete sensors. This particular kind of sensing system makes use of optoelectronic instruments and detects Audio signals despite the fact that they are sent through a fibre optic length. In addition, developments in distributed acoustic sensing, when combined with advanced platforms for interrogation of reflected photonics and the incorporation of artificial intelligence, are anticipated to contribute to the expansion of the distributed acoustic sensing market during the period covered by the forecast. People hot-tapping pipes, leaks, perimeter invasions, moving vehicles, industrial processes, malfunctioning mechanical components, and other activities that cause vibrations with specific auditory characteristics are examples of some of the applications for distributed acoustic sensing. Because of this, it is anticipated that there will be a rise in demand for distributed acoustic sensing systems throughout the duration of the prediction.
Market Dynamics
The usage of DAS is anticipated to expand due to rising global energy consumption
The International Energy Agency has showed that by the end of the year 2030, the demand for energy throughout the globe would have increased by a whopping fifty percent. The ever-increasing need for energy is driving the necessity of gaining access to more hydrocarbon resources. Production and transportation of energy are currently taking place in extremely challenging environments, such as ultra-deepwater operations, soil instabilities, increasing tectonic activity, human intrusion risks, ensuring there is no negative impact on fisheries and terrestrial fauna, the requirement for real-time complex LNG assets control, and the utilisation of high temperatures in steam enhanced heavy oil recovery methods.
The distributed acoustic sensing (DAS) market is anticipated to increase because to the high ability of DAS sensors to tolerate harsh environmental conditions
Because distributed acoustic sensors can detect changes at several intervals over large distances, they are excellent for applications that include locations that are difficult to access or that take place in severe settings. In the petroleum sector and in oilfield applications, situations like this can be seen rather frequently. In addition, a growing number of organisations are turning to DAS sensors as a means of determining the flow characteristics and associated physical parameters within pipe and close to the wellbore. This high adoption is due to a confluence of technology developments in the upstream business, which have boosted the endurance and dependability of downhole fiber-optics systems. The upstream industry has been the driving force behind these technological advancements
Increasing adoption will create profitable commercial opportunities in the energy and electricity sectors
The power and energy industry is a potential application for DAS technology, which has the potential to give extra capabilities in terms of dependability and security. The electricity and energy industries are regarded to be assets of crucial national security; hence DAS is a vital piece of technology for such sectors. It is anticipated that cutting-edge characteristics of fibre optic based acoustic sensing, such as intrinsic dependability and the passive nature of the technology, would provide a substantial platform for the use of this technology in a variety of contexts. These include efficient action as well as monitoring for potential intrusions.
Constant offshore infrastructure development is anticipated to provide profitable commercial opportunities
It is anticipated that ongoing advances in offshore infrastructure would increase the demand for the oil and gas sector, which will, in turn, contribute to the expansion of renewable energy regeneration in offshore areas. For instance, in June of 2016, OptaSense and its partner Optilan were able to obtain a combined leak detection and security contract from ABB for the delivery of the control infrastructure for the Trans-Anatolian Natural Gas Pipeline (TANAP) project. This contract was for the delivery of the control infrastructure. Natural gas is transported from Azerbaijan to Europe via the 1,850-kilometer-long TANAP pipeline, which passes via Georgia and Turkey.
Regional Overview
Due to the dominance of the region's oil and gas production business, North America had more than a third of the market share in 2018. The region is distinguished by the presence of a significant number of oil and gas producing entities, as well as by the regional governments' emphasis on the development of locally sourced optical fibre production. It is predicted that the exploration of shale gas in this region would contribute positively to the expansion of this business.
It is anticipated that Asia Pacific will display the highest CAGR in the future, and this can be ascribed to the expanding use of fibre optics in the field of telecommunications. In addition to this, the rapidly expanding utilisation of this technology in the medical sector is propelling the expansion of the market.
Key Highlights

The global market for distributed acoustic sensing was valued at USD 362.2 million in 2018 and is anticipated to reach USD 2043.96 in 2030 expanding at a CAGR of 11.58% from 2019 to 2025.
The usage of DAS is anticipated to expand due to rising global energy consumption.
The distributed acoustic sensing (DAS) market is anticipated to increase because to the high ability of DAS sensors to tolerate harsh environmental conditions.
Increasing adoption will create profitable commercial opportunities in the energy and electricity sectors
Constant offshore infrastructure development is anticipated to provide profitable commercial opportunities.
Single-mode fibre and multimode fibre are the two categories that are included in the single-mode fibre subsegment of the distributed acoustic sensing market.
Single-mode fibre is more efficient for in-well monitoring applications since it is thinner than multimode fibre.
Oil and gas, electricity and utility, security and surveillance, environment and infrastructure, transportation, and other categories make up the vertical market sector.
Due to the dominance of the region's oil and gas production business, North America had more than a third of the market share in 2018.

Competitors in Distributed Acoustic Sensing Market
Halliburton Co., Hifi Engineering Inc., Silixa Ltd., Schlumberger Limited, Banweaver, Omnisens SA, Future Fibre Technologies Ltd., Baker Hughes, Inc., Qintiq Group PLC, and Fotech Solutions Ltd. are significant market participants in the distributed acoustic sensing (DAS) industry.
Recent development by key Players
In order to deliver a cloud-based master data management system for exploration and production (E&P) operations, Halliburton (US) and Repsol S.A. (Spain), a business involved in upstream and downstream activities in the oil & gas sector, inked a multiyear deal in October 2019.
To increase efficiency and productivity throughout Repsol's asset portfolio, users may load, ingest, manage, and access log, well, and other E&P data from various locations using the software as a service (SaaS) approach.
To suit the expanding needs of the Canadian market, OptaSense (UK) announced in February 2020 that a new subsidiary will be established in Canada. The company's international development of its engineering, field, and service teams is anticipated to be supported by the expansion.
One of the biggest international oil & gas businesses, BP (UK), purchased Fotech Solutions (UK) in February 2020. Fotech will be able to improve its technological offering with this purchase.
Segmentation of Distributed Acoustic Sensing Market
By Fiber type

Single-mode Fiber
Multimode Fiber

By Vertical

Oil & Gas
Power & Utility
Transportation
Security and Surveillance
Environmental and Infrastructure

By Region

North America
Europe
Asia Pacific
Latin America
Middle East

MENAFN04072024004597010339ID1108406162


Straits Research

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.