Distributed Acoustic Sensing (DAS) Market to Reach US$ 461M in 2017

(Newswire.net — June 6, 2017) New York, NY —  The key trends impacting the distributed acoustic sensing market include,

• Growing adoption of distributed acoustic sensing in non- oil and gas verticals. Owing to various developments and improvisations, digital acoustic sensing is being increasingly deployed in perimeter intrusion detection.
• Storage of information collected through distributed acoustic sensing remains a key challenge. It is estimated that during a typical hydraulic fracturing monitoring operation, a DAS system can generate data up to 5 TB per day. Storing such large volumes of data has been a longstanding challenge for companies, with most vendors using a patchwork of software solutions to extract data from DAS.

• Increasing global energy demand: According to International Energy Agency, global energy demand will increase by 50% by 2030-end. Distributed acoustic sensing has emerged as a feasible cost-effective method to optimize energy production and transfer.
• Distributed acoustic sensors are capable of withstanding harsh environment and temperature conditions, owing to which their adoption is steadily gaining traction, especially in the petroleum sector.
• Increasing adoption of distributed acoustic sensing in the railway’s sector is contributing to the growth of the market. Distributed acoustic sensors are being used to protect track-side assets, including location cabinets and Relocatable Equipment Buildings (REB).

Although PMR maintains a positive outlook on the global distributed acoustic sensing market, few challenges can impede the growth of the market. Depreciating oil prices and the large volume of data generated by distributed acoustic sensing are currently the key impediments to growth.

Leading companies profiled by Persistence Market Research in its report are 

• Halliburton Co.
• Schlumberger Limited
• Omnisens SA
• Baker Hughes, Inc.
• Fotech Solutions ltd.
• Silixa Ltd.
• Qintiq Group PLC
• Future Fiber Technologies Ltd.
• Banweaver
• Hifi Enginnering Inc.
• Others

View Report Table of Contents, Figures, and Tables@ http://www.persistencemarketresearch.com/market-research/distributed-acoustic-sensing-market/toc

By application, Persistence Market Research has segmented the distributed acoustic sensing market into oilfield services, pipeline management, security & surveillance, and transport services. Oilfield services accounted for the largest revenue share of the market; by 2025, this segmented is projected to reach 63.3% in revenues. In terms of revenues, this segment is projected to reach a market value of over US$ 1.26 billion.

Unsurprisingly, Middle East & Africa (MEA) is the largest market for distributed acoustic sensors. The region is expected to account for a revenue share of 38.1% in 2017. North America is the second largest market for distributed acoustic sensors globally. In North America, the U.S. continues to dominate the demand for distributed acoustic sensors, with nearly 75% revenue share of the market.

A sample of this report is available upon request@ http://www.persistencemarketresearch.com/samples/12673