The global Distributed Acoustic Sensing (DAS) Market Growth Accelerated by Detecting Micro Vibrations
Distributed acoustic sensing (DAS) systems utilize dark silica optical fibers as sensing elements to monitor vibrations up to hundreds of kilometers. The technology enables detection of seismic activity, oil pipeline safety and security monitoring. DAS deployments allow earlier detections of seismic activity and leakages by providing distributed sensing capabilities along entire pipeline lengths or intervention wells.
The global Distributed Acoustic Sensing (DAS) Market is estimated to be valued at US$ 807.67 Mn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of DAS systems for seismic monitoring applications is a major trend in the market. DAS technology enables earlier detection of micro vibrations indicating seismic activity along extended fiber lengths. This allows energy companies to gain valuable insights to analyze seismic hazards and reduce exploration and production risks. The technology is also being extensively adopted for pipeline monitoring and security surveillance providing real-time alerts in case of third party intrusions or leakages. DAS deployments help operators achieve greater operational efficiencies by minimizing downtime from unexpected asset failures or sabotage attempts.
Segment Analysis
The global distributed acoustic sensing (DAS) market is dominated by the oil & gas sub-segment. This is because DAS technology helps oil & gas companies monitor their pipelines remotely for leakages or other issues by analyzing vibrations along the pipelines. It provides real-time detection of third party intrusions or sabotage attempts on pipelines as well as monitor operational parameters like flow, temperature etc. This helps reduce unplanned downtime and operational costs for oil & gas companies significantly.
Key Takeaways
The Global Distributed Acoustic Sensing (DAS) Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The global Distributed Acoustic Sensing (DAS) Market is estimated to be valued at US$ 807.67 Mn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031. The oil & gas industry will continue to account for the largest share of the DAS market during this period due to increasing usage of DAS systems for pipeline monitoring applications.
Regional analysis: North America region currently dominates the global DAS market led by the United States. Large presence of oil & gas industry and growing adoption of DAS technology for infrastructure protection applications such as border monitoring are driving market growth. The Asia Pacific region is expected to witness fastest growth over the forecast period led by countries like China and India. Growing oil & gas pipeline networks and increasing focus on critical infrastructure security are providing opportunities for DAS vendors in the region.
Key players: Key players operating in the distributed acoustic sensing (DAS) market are Lepu Medical Technology (Beijing) Co.,Ltd., Render Biotech Co., Haemonetics Corporation, TA Instruments, HemaCore LLC, 5-Diagnostics, Xenometrix AG, Framar Hemologix srl, Instrumentation Laboratory, Medirox AB, Diagnostica Stago, Life Diagnostica, SYCOmed e.K., Nordic Biomarker, and Shenzhen Ultra-Diagnostics Biotec. Co., Ltd. Lepu Medical Technology and Render Biotech are gaining market share through strong focus on R&D and new product launches for oil & gas applications.
Get more insights on this topic:
https://www.dailyprbulletin.com/distributed-acoustic-sensing-market-regional/
English
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian