The global distributed fiber optic sensor market size is expected to grow from USD 1.2 billion in 2023 to USD 1.9 billion by 2028, at a CAGR of 9.4%. The major driving factors for the market are increasing applications of distributed sensors in end-user verticals and the reliability of using them in any harsh environment. The major players in the market are Schlumberger (US), Halliburton (US), Yokogawa Electric (Japan), Weatherford International (US), Luna Innovations (US), among others. These companies operate globally and provide distributed fiber optic sensors. They rely on their R&D capabilities and a balanced product portfolio to gain significant market share.
To know about the assumptions considered for the study download the pdf brochure
Schlumberger primarily provides technologies for reservoir characterization, production, processing, and drilling in the oil & gas industry. The company supplies integrated project management, technology, and information solutions to the oil & gas industry. Its manufacturing facilities are spread across China, France, Japan, Norway, Singapore, the UK, Russia, and the US.
Schlumberger operates through the following four business divisions: Digital and Integration (digital transforming consulting, Innovation Factory, Transition services, Operation services), Reservoir Performance(testing and sampling), Well Construction(Drilling, measurements, fluids, and cementing), and Production Systems. The company has its business spread across more than 120 countries. The products and services offered by the company include drilling, characterization, completions, subsea production, production, processing, separation, and well intervention.
Halliburton provides products, services, and integrated solutions for the energy industry. Halliburton established its first research laboratory in 1930. In 1951, the company opened its first branch in Europe, and it further divided its operations into completion and production and drilling and evaluation in 2007. It operates through 14 product lines. Its products are sold across 140 countries, with its operations spread across 70 countries.
Halliburton operates through two business segments: Completion and Production and Drilling and Evaluation. The Completion and Production business segment offerings, include drill bits and services, testing and subsea, landmark, and wireline and perforating. The portfolio offered under the Drilling and Evaluation segment includes artificial lift, pipeline, and process services, cementing, production enhancement, completion tools, production solutions, and services. Consulting and project management are different services provided by the company for all the tangible products it sells.
Distributed Fiber Optic Sensor Market with recession Impact Analysis by Fiber Type (Single-Mode, Multimode), Scattering Process, Operating Principle (OTDR, OFDR), Application (Temperature, Acoustic, Strain), Vertical and Region - Global Forecast to 2028
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE