Distributed Temperature Sensing (DTS) Market to Observe Strong Development by 2030
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Allied Market Research, titled, “ Distributed Temperature Sensing (DTS) Market By Fiber Type, Operating Principle, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030 ”, the distributed temperature sensing market size was valued at $734.23 million in 2020, and is projected to reach at $1.5 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030. A distributed temperature sensing (DTS) technology is an enhanced temperature monitoring device used to monitor optical fiber solution over a long distance or across large surfaces. The distributed temperature sensing technology is designed to be used across submarine and underground power cables. Further, DTS system used in prime industries, such as oil & gas, pipelines, and fire detection offers critical information about the actual reservoir conditions. In addition, the rise in demand for high-speed network solutions is expected to significantly contribute in the growth of the marke...