The Global Distributed Acoustic Sensing (DAS) Market Growth Accelerated By Real-Time Monitoring Capabilities
The Global Distributed Acoustic Sensing (DAS) Market Growth Accelerated By Real-Time Monitoring Capabilities
The growing need for continuous pipeline monitoring in oil & gas industry has accelerated the adoption of distributed acoustic sensing technology.

Distributed acoustic sensing (DAS) products are used in oilfield monitoring and infrastructure health monitoring as they can continuously monitor long lengths of structures and provide real-time data. DAS systems incorporate fibre optic cables and enable real-time monitoring large areas over long distances using a single optic fibre with high spatial resolution. They are ideal for use in applications where continuous and long-term monitoring is critical such as oil & gas pipeline monitoring, border security and structural health monitoring of railroads, bridges and tunnels.

The global Distributed Acoustic Sensing (DAS) Market is estimated to be valued at US$ 701.1 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing need for continuous pipeline monitoring in oil & gas industry has accelerated the adoption of distributed acoustic sensing technology. DAS systems offer real-time monitoring capabilities over long distances using a single optic fibre, enabling oil & gas operators to detect third party intrusions, leaks and other operational issues in pipelines. The technology is gaining popularity as it helps address key safety and regulatory compliance needs of pipeline operators in a cost-effective manner.

Segment Analysis

The global distributed acoustic sensing (DAS) market is dominated by the oil & gas segment. Within oil & gas, the upstream applications such as pipeline and perimeter monitoring, pipeline monitoring, and fiber-based borehole measurements sub-segments hold the largest market share. This is owing to the increasing use of DAS technology for critical applications such as detection of third-party interference, pipeline leaks, and subsurface monitoring in oil & gas fields. The technology provides high accuracy in leak detection and localization capability for pipelines which makes it preferable for usage in oil & gas pipelines.

Key Takeaways

The Global Distributed Acoustic Sensing (Das) Market Size is estimated to be valued at US$ 701.1 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030.

Regional analysis: North America currently holds the largest share in the global DAS market. Increasing exploration and production activities coupled with growing shale gas production in the United States is driving demand for continuous infrastructure monitoring solutions like DAS in the region. Further, extensive research on DAS technologies and growing adoption of technology across critical industries is anticipated to boost the regional market.

Key players: Key players operating in the distributed acoustic sensing (DAS) market are Halliburton Co., Hifi Engineering Inc., Silixa Ltd., Schlumberger Limited, Banweaver, Omnisens SA, Future Fibre Technologies Ltd., Baker Hughes, Inc., Qintiq Group PLC, and Fotech Solutions Ltd. Halliburton Co. is one of the leading providers of DAS solutions to the oil & gas industry. The company provides its OptaSense distributed temperature and acoustic sensing platform for applications ranging from pipeline monitoring to oilfield development and production monitoring.

Silixa Ltd. offers the world's first commercial DAS technology for monitoring distributed infrastructure and environment sensing. Its flagship DAS platform, Silixa ULA, provides distributed strain, vibration, and temperature sensing over extended infrastructure assets. Meanwhile, Schlumberger Limited offers the Neptune DAS, a versatile distributed temperature and acoustic sensing solution for reservoir monitoring and flow assurance applications.

 

For More Insights, Read: https://www.newsstatix.com/distributed-acoustic-sensing-das-market-size-share-and-growth-forecast-2023-2030/

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