Distributed Fiber Optic Sensing Market to Witness Growth Owing to High Demand from the Food and Beverage Industry | Technavio

LONDON--()--According to the latest market study released by Technavio, the global distributed fiber optic sensing market is expected to grow at a CAGR of close to 9% during the forecast period.

This research report titled ‘Global Distributed Fiber Optic Sensing Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global distributed fiber optic sensing market into five major end-user segments, of which the top three are discussed in detail below. They are:

  • Oil & gas
  • Industrial
  • Civil engineering
  • Safety & security
  • Power & utility

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Oil & gas segment

The oil & gas segment includes the sales of distributed fiber optic sensing systems to the owners of oil and gas firms, to monitor and track their fields and pipelines. As per industry experts, the use of effective monitoring applications, which are integrated with distributed fiber optic sensing, can improve the efficiency of oil and gas production and transportation systems. Therefore, it is estimated that the adoption of these monitoring systems will grow during the forecast period, which will fuel the demand for distributed fiber optic sensing.

According to Jujhar Singh, a lead analyst at Technavio for sensors research, “Distributed fiber optic sensing is an ideal alternative to conventional sensing methods, as fiber optic sensing can measure temperatures and strain at different locations, through a single fiber using the multiplexing technology. This will increase the demand for fiber optic sensing for monitoring pipelines, oil wells, and coiled tubes for cracks.”

Industrial segment

The industrial segment which includes the food and beverage, automotive, and manufacturing sectors is one of the rapidly growing segments in the global distributed fiber optic sensing market. The strain measuring capability of fiber optic sensors increases their use in developing equipment across several manufacturing industries such as chemicals & plastics, automotive, electricals & electronics, metals, and machinery.

Also, the increasing focus on process automation in the manufacturing industry will increase the demand for industrial robotics. This will indirectly trigger the demand for distributed fiber optic sensing as these robots are integrated with distributed fiber optic sensors, for monitoring and measuring various surrounding conditions.

Civil engineering segment

The civil engineering segment includes construction and infrastructure firms which use the distributed fiber optic sensing equipment to monitor and track the health of concrete systems and to ensure the deployment of an effective architecture. Distributed fiber optics are affordable and easy to use compared with their counterparts such as standalone temperature sensors and pressure sensors.

“The increased urbanization in the developing countries, such as Brazil, China, and India, has led to the construction of many dams, bridges, and other civil infrastructure projects. Distributed fiber optic sensing can also be used to monitor and prevent issues such as rockfall, landslip, and tunnel and bridge collapse,” says Jujhar.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • Halliburton
  • Schlumberger
  • Yokogawa Electric
  • Ziebel

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

According to the market study released by Technavio, the global distributed fiber optic sensing market is set to post a CAGR of almost 9% until 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com