Distributed Temperature Sensing (DTS) Market by Operating Principle (OTDR, OFDR), Fiber Type (Single-Mode, Multi-Mode), Application (Oil & Gas, Power Cable Monitoring, Fire Detection, Process & Pipeline Monitoring) and Geography - Global Forecasts to 2022

The overall distributed temperature sensing (DTS) market was valued at USD 484.7 Million in 2015 and is expected to reach USD 811.5 Million by 2022, at a CAGR of 7.66% between 2016 and 2022. This report provides the size and future growth prospects of the DTS market across different segments such as operating principle, fiber type, application, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges. It also profiles the key players operating in the DTS market. Factors such as the rising demand for DTS systems for monitoring purposes in harsh working conditions, high reliability because of the wide coverage of DTS systems, and need for improved safety systems are expected to propel the growth of the overall DTS market. The base year considered for the study is 2015 and the market size forecast is provided for the period between 2016 and 2022.

The research methodology used to estimate and forecast the DTS market begins with capturing data on key vendor revenues through secondary research. The secondary sources include annual reports; press releases; investor presentations of companies; white papers; journals & certified publications; and articles from recognized authors, websites, directories, and databases; among others. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the overall DTS market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents has been depicted in the below figure.

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The DTS ecosystem comprises research and development (R&D), manufacturers, and distributors such as Halliburton Company (U.S.), Sensornet Ltd. (U.K.), Furukawa Electric Co., Ltd. (Japan), Schlumberger N.V. (U.S.), Omnisens SA (Switzerland), Yokogawa Electric Corp. (Japan), Weatherford International PLC (Switzerland), Sumitomo Electric Industries Ltd. (Japan), Omicron Electronics GmbH (Austria), Tendeka B.V. (U.K.), AP Sensing GmbH (Germany), GESO (Germany), LIOS Technology GmbH (Germany), and Bandweaver Technologies (China). These companies also sell these systems to end-users and cater to their unique business requirements.

Key Target Audience

• Original device manufacturers (ODMs)
• Component suppliers
• Research organizations and consulting companies
• Application providers
• Sub-component manufacturers
• Maintenance and service providers
• Technology providers
• DTS-related associations, organizations, forums, and alliances

Scope of the Report

The DTS market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The DTS market has been segmented, as follows:

By Operating Principle:

• Optical time domain reflectometry (OTDR)           
• Optical frequency domain reflectometry (OFDR)

By Fiber Type:

• Single-mode fiber
• Multi-mode fiber

By Application:

• Oil & gas
• Upstream
• Downstream
• Power cable monitoring
• Fire detection
• Process & pipeline monitoring
• Environmental monitoring

By Geography:

• Americas
• North America
• South America
• Europe
• Asia-Pacific (APAC)
• Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

• Market size for 2017, 2019, and 2021 for segments such as operating principle, type, application, and geography
• Company information: Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Demand-Side Analysis
                     2.2.1.1 Helps to Reduce Operational Costs and Maximize Profits
                     2.2.1.2 Growing Focus Toward Employees and Surrounding Safety
           2.2.2 Supply-Side Analysis
                     2.2.2.1 Advancements in Technology
                     2.2.2.2 Increase in Construction Activities Worldwide
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the DTS Market
    4.2 DTS Market, By Fiber Type (2016–2022)
    4.3 DTS Market, By Application (2016–2022)
    4.4 DTS Market, By Vertical (2016–2022)
    4.5 DTS Market, By Region and Application
    4.6 DTS Market, By Geography (2016–2022)
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Operating Principle
           5.2.2 By Fiber Type
           5.2.3 By Application
           5.2.4 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Increase in Demand for Safety of Labors at Work Sites
                     5.3.1.2 Automation of Monitoring Systems in Harsh Working Environments
                     5.3.1.3 High Reliability and Wide Coverage of DTS Systems
                     5.3.1.4 Increasing Market for the Subsea Sector
           5.3.2 Restraints
                     5.3.2.1 Lack of Utilization of the Data Gathered By DTS Systems
                     5.3.2.2 Technical Difficulties
           5.3.3 Opportunities
                     5.3.3.1 Increasing Safety Norms and Supportive Government Policies
           5.3.4 Challenges
                     5.3.4.1 High Costs of DTS Systems

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 DTS Market, By Operating Principle (Page No. - 52)
    7.1 Introduction
    7.2 Optical Time Domain Reflectometry (OTDR)
    7.3 Optical Frequency Domain Reflectometry (OFDR)

8 DTS Market, By Fiber Type (Page No. - 57)
    8.1 Introduction
    8.2 Single-Mode Fiber
    8.3 Multi-Mode Fiber

9 DTS Market, By Application (Page No. - 62)
    9.1 Introduction
    9.2 Oil & Gas
           9.2.1 Upstream
           9.2.2 Downstream
    9.3 Power Cable Monitoring
    9.4 Fire Detection
    9.5 Process & Pipeline Monitoring
    9.6 Environmental Monitoring

10 Geographic Analysis (Page No. - 84)
     10.1 Introduction
     10.2 Americas
               10.2.1 North America
                           10.2.1.1 U.S.
                           10.2.1.2 Canada
                           10.2.1.3 Mexico
               10.2.2 South America
                           10.2.2.1 Brazil
                           10.2.2.2 Argentina
                           10.2.2.3 Venezuela
                           10.2.2.4 Rest of South America
     10.3 Europe
               10.3.1 Russia
               10.3.2 Germany
               10.3.3 U.K.
               10.3.4 Rest of Europe
     10.4 Asia-Pacific (APAC)
               10.4.1 China
               10.4.2 India
               10.4.3 South Korea
               10.4.4 Rest of APAC
     10.5 Rest of the World (RoW)
               10.5.1 Middle East
               10.5.2 Africa

11 Competitive Landscape (Page No. - 111)
     11.1 Overview
     11.2 Key Players in the DTS Market
     11.3 Competitive Situations and Trends
               11.3.1 Partnerships, Agreements, and Collaborations
               11.3.2 New Product Launches & Developments
               11.3.3 Mergers & Acquisitions
               11.3.4 Expansions
               11.3.5 Other Developments

12 Company Profiles (Page No. - 120)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 Schlumberger N.V.
     12.3 Halliburton Company
     12.4 Yokogawa Electric Corporation
     12.5 Weatherford International PLC 
     12.6 Sumitomo Electric Industries Ltd.
     12.7 Furukawa Electric Co., Ltd.
     12.8 AP Sensing GmbH
     12.9 Bandweaver Technologies
     12.10 Geso GmbH
     12.11 LIOS Technology GmbH.
     12.12 Omicron Electronics GmbH
     12.13 Omnisens SA
     12.14 Sensornet Ltd.
     12.15 Tendeka B.V.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 149)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (81 Tables)

Table 1 Currency Table
Table 2 DTS Market, in Terms of Value, 2014–2022
Table 3 Porter’s Five Forces Analysis (2015): Bargaining Power of Suppliers Had A High Impact on the DTS Market
Table 4 DTS Market, By Operating Principle, 2014–2022 (USD Million)
Table 5 DTS Market for OTDR Operating Principle, By Application, 2014–2022 (USD Million)
Table 6 DTS Market for OFDR Operating Principle, By Application, 2014–2022 (USD Million)
Table 7 DTS Market, By Fiber Type, 2014–2022 (USD Million)
Table 8 DTS Market for Single-Mode Fibers, By Application, 2014–2022 (USD Million)
Table 9 DTS Market for Multi-Mode Fibers, By Application, 2014–2022 (USD Million)
Table 10 DTS Market, By Application, 2014–2022 (USD Million)
Table 11 DTS Market for Oil & Gas Applications, By Region, 2014–2022 (USD Million)
Table 12 DTS Market for Oil & Gas Applications in the Americas, By Region, 2014–2022 (USD Million)
Table 13 DTS Market for Oil & Gas Applications in North America, By Country, 2014–2022 (USD Million)
Table 14 DTS Market for Oil & Gas Applications in South America, By Country, 2014–2022 (USD Million)
Table 15 DTS Market for Oil & Gas Applications in Europe, By Country, 2014–2022 (USD Million)
Table 16 DTS Market for Oil & Gas Applications in APAC, By Country, 2014–2022 (USD Thousand)
Table 17 DTS Market for Oil & Gas Applications in RoW, By Region, 2014–2022 (USD Million)
Table 18 DTS Market for Power Cable Monitoring Applications, By Region, 2014–2022 (USD Million)
Table 19 DTS Market for Power Cable Monitoring Applications in the Americas, By Region, 2014–2022 (USD Million)
Table 20 DTS Market for Power Cable Monitoring Applications in North America, By Country, 2014–2022 (USD Million)
Table 21 DTS Market for Power Cable Monitoring Applications in South America, By Country, 2014–2022 (USD Thousand)
Table 22 DTS Market for Power Cable Monitoring Applications in Europe, By Country, 2014–2022 (USD Million)
Table 23 DTS Market for Power Cable Monitoring Applications in APAC, By Country, 2014–2022 (USD Million)
Table 24 DTS Market for Power Cable Monitoring Applications in RoW, By Region, 2014–2022 (USD Million)
Table 25 DTS Market for Fire Detection Applications, By Region, 2014–2022 (USD Million)
Table 26 DTS Market for Fire Detection Applications in the Americas, By Region, 2014–2022 (USD Million)
Table 27 DTS Market for Fire Detection Applications in North America, By Country, 2014–2022 (USD Million)
Table 28 DTS Market for Fire Detection Applications in South America, By Country, 2014–2022 (USD Thousand)
Table 29 DTS Market for Fire Detection Applications in Europe, By Country, 2014–2022 (USD Million)
Table 30 DTS Market for Fire Detection Applications in APAC, By Country, 2014–2022 (USD Million)
Table 31 DTS Market for Fire Detection Applications in RoW, By Region, 2014–2022 (USD Million)
Table 32 DTS Market for Process & Pipeline Monitoring Applications, By Region, 2014–2022 (USD Million)
Table 33 DTS Market for Process & Pipeline Monitoring Applications in the Americas, By Region, 2014–2022 (USD Million)
Table 34 DTS Market for Process & Pipeline Monitoring Applications in North America, By Country, 2014–2022 (USD Million)
Table 35 DTS Market for Process & Pipeline Monitoring Applications in South America, By Country, 2014–2022 (USD Million)
Table 36 DTS Market for Process & Pipeline Monitoring Applications in Europe, By Country, 2014–2022 (USD Million)
Table 37 DTS Market for Process & Pipeline Monitoring Applications in APAC, By Country, 2014–2022 (USD Thousand)
Table 38 DTS Market for Process & Pipeline Monitoring Applications in RoW, By Region, 2014–2022 (USD Million)
Table 39 DTS Market for Environmental Monitoring Applications, By Region, 2014–2022 (USD Million)
Table 40 DTS Market for Environmental Monitoring Applications in the Americas, By Region, 2014–2022 (USD Million)
Table 41 DTS Market for Environmental Monitoring Applications in North America, By Country, 2014–2022 (USD Thousand)
Table 42 DTS Market for Environmental Monitoring Applications in South America, By Country, 2014–2022 (USD Thousand)
Table 43 DTS Market for Environmental Monitoring Applications in Europe, By Country, 2014–2022 (USD Thousand)
Table 44 DTS Market for Environmental Monitoring Applications in APAC, By Country, 2014–2022 (USD Thousand)
Table 45 DTS Market for Environmental Monitoring in RoW, By Region, 2014–2022 (USD Thousand)
Table 46 DTS Market, By Region, 2014–2022 (USD Million)
Table 47 DTS Market in the Americas, By Region, 2014–2022 (USD Million)
Table 48 DTS Market in the Americas, By Application, 2014–2022 (USD Million)
Table 49 DTS Market in North America, By Country, 2014–2022 (USD Million)
Table 50 DTS Market in North America, By Application, 2014–2022 (USD Million)
Table 51 DTS Market in the U.S., By Application, 2014–2022 (USD Million)
Table 52 DTS Market in Canada, By Application, 2014–2022 (USD Million)
Table 53 DTS Market in Mexico, By Application, 2014–2022 (USD Million)
Table 54 DTS Market in South America, By Country, 2014–2022 (USD Million)
Table 55 DTS Market in South America, By Application, 2014–2022 (USD Million)
Table 56 DTS Market in Brazil, By Application, 2014–2022 (USD Thousand)
Table 57 DTS Market in Argentina, By Application, 2014–2022 (USD Thousand)
Table 58 DTS Market in Venezuela, By Application, 2014–2022 (USD Thousand)
Table 59 DTS Market in Rosa, By Application, 2014–2022 (USD Thousand)
Table 60 DTS Market in Europe, By Country, 2014–2022 (USD Million)
Table 61 DTS Market in Europe, By Application, 2014–2022 (USD Million)
Table 62 DTS Market in Russia, By Application, 2014–2022 (USD Million)
Table 63 DTS Market in Germany, By Application, 2014–2022 (USD Thousand)
Table 64 DTS Market in the U.K., By Application, 2014–2022 (USD Million)
Table 65 DTS Market in RoE, By Application, 2014–2022 (USD Million)
Table 66 DTS Market in APAC, By Country, 2014–2022 (USD Million)
Table 67 DTS Market in APAC, By Application, 2014–2022 (USD Million)
Table 68 DTS Market in China, By Application, 2014–2022 (USD Million)
Table 69 DTS Market in India, By Application, 2014–2022 (USD Million)
Table 70 DTS Market in South Korea, By Application, 2014–2022 (USD Million)
Table 71 DTS Market in RoAPAC, By Application, 2014–2022 (USD Million)
Table 72 DTS Market in RoW, By Region, 2014–2022 (USD Million)
Table 73 DTS Market in RoW, By Application, 2014–2022 (USD Million)
Table 74 DTS Market in the Middle East, By Application, 2014–2022 (USD Million)
Table 75 DTS Market in Africa, By Application, 2014–2022 (USD Million)
Table 76 Top 5 Players in the DTS Market, 2015
Table 77 Partnerships, Agreements, and Collaborations (2011–2016)
Table 78 New Product Launches & Developments (2014–2016)
Table 79 Mergers & Acquisitions (2011–2016)
Table 80 Expansions (2011–2016)
Table 81 Other Developments (2011–2016)
 
 
List of Figures (63 Figures)
 
Figure 1 Markets Covered
Figure 2 DTS Market: Research Design
Figure 3 Data Triangulation
Figure 4 Research Flow
Figure 5 DTS Market (2014–2022)
Figure 6 DTS Market for Fire Detection Applications to Grow at the Highest Rate Between 2016 and 2022
Figure 7 Multi-Mode Fibers to Dominate the DTS Market During the Forecast Period
Figure 8 DTS Market for OTDR Operating Principle to Grow at the Highest Rate Between 2016 and 2022
Figure 9 RoW Held the Largest Share of the DTS Market in 2015
Figure 10 DTS Market Expected to Grow at A Significant Rate Between 2016 and 2022
Figure 11 Multi-Mode Fibers to Lead the Overall DTS Market By 2022
Figure 12 Oil & Gas and Power Cable Monitoring to Hold A Significant Size of the DTS Market Between 2016 and 2022
Figure 13 OTDR to Hold the Largest Size of the DTS Market Between 2016 and 2022
Figure 14 RoW Expected to Hold the Largest Share of the DTS Market in 2016
Figure 15 Middle East Expected to Hold the Largest Share of the DTS Market in 2016
Figure 16 RoW to Dominate the DTS Market Between 2016 and 2022
Figure 17 DTS Market, By Region
Figure 18 Automation of Monitoring Systems in Harsh Working Environments Expected to Drive the Growth of the DTS Market
Figure 19 Total Recordable Incident Rate Per 200,000 Hours Worked has Reduced Drastically From 2011 to 2015
Figure 20 Value Chain Analysis of the DTS Market
Figure 21 Overview of Porter’s Five Forces Analysis of the DTS Market (2015)
Figure 22 DTS Market: Porter’s Five Forces Analysis (2015)
Figure 23 Threat of New Entrants Had A Medium Impact in 2015
Figure 24 Threat of Substitutes Had A Low Impact on the Market in 2015
Figure 25 Bargaining Power of Suppliers Had A High Impact in 2015
Figure 26 Bargaining Power of Buyers Had A Medium Impact in 2015
Figure 27 Intensity of Competitive Rivalry Had Medium Impact in 2015
Figure 28 OTDR to Lead the DTS Market Between 2016 and 2022
Figure 29 Market for OTDR-Based DTS Systems for Fire Detection Applications to Grow at the Highest Rate Between 2016 and 2022
Figure 30 OFDR-Based DTS Systems for Oil & Gas Application to Hold the Largest Market Size During the Forecast Period
Figure 31 Market for Multi-Mode Fiber-Based DTS Systems to Grow at the Highest Rate Between 2016 and 2022
Figure 32 Single-Mode Fiber-Based DTS Systems for Oil & Gas Applications Expected to Hold the Largest Market Size Between 2016 and 2022
Figure 33 Market for Multi-Mode Fiber-Based DTS Systems for Fire Detection Applications to Grow at the Highest Rate Between 2016 and 2022
Figure 34 DTS Market for Fire Detection Applications to Grow at the Highest Rate During the Forecast Period
Figure 35 Middle East to Hold the Largest Size of the DTS Market for Oil & Gas Applications in RoW Between 2016 and 2022
Figure 36 DTS Market for Power Cable Monitoring Applications in India to Grow at the Highest Rate During the Forecast Period
Figure 37 Rest of Europe Expected to Hold the Largest Size of the DTS Market for Fire Detection Applications in Europe Between 2016 and 2022
Figure 38 DTS Market for Process & Pipeline Monitoring Applications in Canada to Grow at the Highest Rate During the Forecast Period
Figure 39 DTS Market for Environmental Monitoring Applications in RoW to Grow at the Highest Rate Between 2016 and 2022
Figure 40 Geographic Snapshot of the DTS Market (2016–2022)
Figure 41 U.S. Led the Total Petroleum and Other Liquids Production in 2015
Figure 42 Snapshot of the DTS Market in the Americas
Figure 43 DTS Market in the U.S. to Grow at the Highest Rate Between 2016 and 2022
Figure 44 Oil & Gas Applications to Hold the Major Size of the DTS Market in Canada Between 2016 and 2022
Figure 45 DTS Market for Fire Detection Application to Grow at the Highest Rate in Argentina During the Forecast Period
Figure 46 Oil & Gas Applications to Hold the Largest Size of the DTS Market in Russia During the Forecast Period
Figure 47 DTS Market in the Middle East to Grow at the Highest Rate Between 2016 and 2022
Figure 48 Snapshot of the DTS Market in the Rest of the World (RoW)
Figure 49 Partnerships/Agreements/Collaborations Emerged as the Key Growth Strategies Between 2011 and 2016
Figure 50 Market Evolution Framework Partnerships, Agreements, and Collaborations Were the Major Strategies Adopted By Key Players (2011–2016)
Figure 51 Battle for Market Ranking: Partnerships, Agreements, & Collaborations Were the Key Growth Strategies
Figure 52 Geographic Revenue Mix of the Major Market Players (2015)
Figure 53 Schlumberger N.V.: Company Snapshot
Figure 54 Schlumberger N.V.: SWOT Analysis
Figure 55 Halliburton Company: Company Snapshot
Figure 56 Halliburton Company: SWOT Analysis
Figure 57 Yokogawa Electric Corporation: Company Snapshot
Figure 58 Yokogawa Electric Corporation: SWOT Analysis
Figure 59 Weatherford International PLC: Company Snapshot
Figure 60 Weatherford International PLC: SWOT Analysis
Figure 61 Sumitomo Electric Industries Ltd.: Company Snapshot
Figure 62 Sumitomo Electric Industries Ltd.: SWOT Analysis
Figure 63 Furukawa Electric Co., Ltd.: Company Snapshot

According to MarketsandMarkets’ forecast, the overall distributed temperature sensing (DTS) market was valued at USD 484.7 Million in 2015 and is expected to reach USD 811.5 Million by 2022, at a CAGR of 7.66% between 2016 and 2022. The growth of this market is driven by the rising demand for DTS systems for monitoring purposes in hostile working conditions wherein humans cannot reach, high reliability of DTS systems as they can be deployed over long distances, and increasing need for improved safety systems.

This report covers the DTS market based on operating principle, fiber type, application, and geography. The market for optical time domain reflectometry (OTDR) operating principle-based DTS systems held the largest size of the market in 2015. In terms of fiber type, multi-mode fibers held the largest size of the DTS market in 2015, and the market for these fibers is expected grow at the highest growth rate during the forecasting period.

The oil & gas applications are expected to hold the largest size of the DTS market during the forecast period. The DTS technology has become an integral part of the oil & gas industry. It helps in continuous, real-time downhole monitoring to optimize the operational and economic performances of the assets. This enables the reservoir engineers to gain a better understanding of the injection and production dynamics and accordingly optimize the production and improve recovery leading to improved profits. Hence, there is an increasing focus on adopting the technology for improving the productivity of brownfield operations. The analysis of the data collected by the DTS system can provide additional information on the behavior of the wells such as the flow volume within a particular section of the wells.

The overall DTS market in APAC is expected to grow at the highest rate between 2016 and 2022. The increased demand for DTS systems in the oil & gas and power transmission sectors and the presence of major players in this region are the two crucial factors driving the market growth in APAC. Rest of the World (RoW) held the largest share of the DTS market in 2015. The Countries in the Middle East are responsible for the largest production of crude oil in the world; the increasing use of DTS systems for various oil and gas applications is driving the growth of DTS market in this region. With the increasing global demand for energy, the oil & gas industries in the Middle East & Africa are also going through changes and are increasingly incorporating innovative technologies in their processes and operations.

The major challenges faced by the companies in the market include the lack of utilization of the data gathered by DTS systems and technical difficulties pertaining to the installation and working of the DTS systems. The major vendors in the DTS market include Halliburton Company (U.S.), Sensornet Ltd. (U.K.), Furukawa Electric Co., Ltd. (Japan), Schlumberger N.V. (U.S.), Omnisens SA (Switzerland), Yokogawa Electric Corp. (Japan), Weatherford International PLC (Switzerland), Sumitomo Electric Industries Ltd. (Japan), Omicron Electronics GmbH (Austria), Tendeka B.V. (U.K.), AP Sensing GmbH (Germany), GESO (Germany), LIOS Technology GmbH (Germany), and Bandweaver Technologies (China). These players have adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of their customers.

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