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Distributed Fiber Optic Sensor Market Analysis, Future Trends, Key Players and Growth Drivers by 2023

Image result for distributed fiber optic sensorThe global distributed fiber optic sensor market is likely to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during the forecast period. Distributed fiber optic sensors overcome the built-in constraints of traditional technologies such as thermocouples and strain gauges. Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations.

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Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future.

Based on application, distributed fiber optic sensor market can be classified into temperature sensing, acoustic sensing, strain sensing, pressure sensing and others. Temperature sensing application segment is likely to spearhead the application category with maximum revenue contribution. However, acoustic sensing application is expected to register highest growth during the forecast period.

Geographically, North America has been the largest market for distributed fiber optic sensors. The oil and gas industry contributed largest revenue to the distributed fiber optic sensor market in the region. The U.S. is considered as the largest petroleum consumer across the globe and it is also producing oil faster than other countries in the world.

The key factors propelling the growth of global distributed fiber optic sensor market include the escalation in global demand of oil and gas, power and utility and safety and security. Distributed fiber optic sensors have ability to operate and optimize resources of oil and gas industry more effectively. Several factors including focus of government in various countries on improving oil recovery, across the globe and rise of expensive multi-lateral hydraulic fracturing are the major factors supporting the growth of global distributed fiber optic sensor market.


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The key players in the distributed fiber optic sensor market include Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International plc, QinetiQ Group plc, Luna Innovations Incorporated, OFS Fitel LLC, Bandweaver, OmniSens S.A., Brugg Kabel AG, AP Sensing GmbH, AFL and Ziebel AS.

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