DFOS Market Is Projected To Grow Rapidly Due To Increased Application Scope In Power & Utility Till 2025: Grand View Research, Inc.
The global distributed fiber optic sensor market size
is expected to reach USD 2.39 billion by 2025, according to a new report by
Grand View Research, Inc. Distributed fiber optic sensors are used in a wide
range of application sectors such as oil & gas, infrastructure development,
civil engineering, and power & utility.
The demand from the civil
engineering vertical and the increasing growth opportunities in the oil &
gas sector are driving the growth of the distributed fiber optic sensor market.
Optical inspection equipment manufacturers are concentrating on ensuring DFOS
sensors’ capability of working in a challenging environment. Associated
innovation arenas are infrastructure, architecture, and assessment capability.
Numerous challenges and the
consistencies and technological complexities that incur in optical inspection
process are restricting the market growth. The auxiliary encounters of a DFOS
equipment include repairs, reliability challenges, and rework problems. New
product developers and visionaries aim to dominate the technology segment by providing
exclusive technology offerings and value differentiation.
The growing penetration of the
fiber optics technology is encouraging manufacturers and suppliers to invest in
research & development for introducing better products. They are optimizing
their production processes and regulating efficiencies & prices to curb all
other alternatives of the fiber optics technology. As the production &
installation processes of DFOS products are reasonably costly, researchers are
focusing on developing dependable and competitively priced optic inspection
products.
Browse full research report on Distributed Fiber Optic
Sensor/Sensing (DFOS) Market: http://www.grandviewresearch.com/industry-analysis/distributed-fiber-optic-sensor-sensing-dfos-market
Further key findings from
the report suggest:
- The temperature sensing application segment dominated
the market (in terms of market size) in 2015. Temperature sensors find
solicitations in the oil & gas and civil engineering segments.
- North America dominated the global market and
accounted for the largest market share (in terms of revenue) in 2015
- The growing demand for DFOS equipment can be
attributed to the ever-growing demand for efficient and optimized
processes, across enterprises and manufacturing sectors
- The key industry participants include Yokogawa
Electric Corporation (Japan), Halliburton Company (U.S.), Schlumberger
Limited (U.S.), and QinetiQ Group plc (U.K.).
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/semiconductors-and-electronics
Grand View Research has segmented the distributed fiber
optic sensors market based on applications, technologies, verticals, and regions:
- Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Temperature
Sensing
- Acoustic/Vibration
Sensing
- Other
- Technology
Outlook (Revenue, USD Million; 2014 - 2025)
- Rayleigh
Effect
- Brillouin
Scattering
- Raman
Effect
- Interferometric
- Bragg
Grating
- Vertical
Outlook (Revenue, USD Million; 2014 - 2025)
- Oil
and Gas
- Power
and Utility
- Safety
and Security
- Industrial
- Civil
Engineering
- Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- South
America
- Brazil
- The
Middle East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-distributed-fiber-optic-sensor-sensing-dfos-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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