Distributed acoustic sensing (das) market

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Market Overview

• Distributed acoustic sensing is a technology that
  facilitates real-time monitoring of pipelines and
  wells, in order to provide vital information to
  customers in various challenging circumstances.
  The basic principle of working of DAS us Rayleigh
  scattering and is used to determine acoustic
  strain signals over long distances. This
  virtually and effectively turns optic fiber into
  a series of microphones. Thereafter, the data is
  acquired advanced processing techniques such as
  frequency filtering, time and depth domain
  stacking, are employed to obtain information for
  a wide variety of applications. Distributed
  acoustic sensing finds applications in monitoring
  of pipelines as well as railroads, highways, and
  borders.

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• The Global Distributed Acoustic Sensing (DAS)
  Market, By Application (Oilfield Services,
  Pipeline Management, Security Surveillance and
  Transport) by Region (North America, Europe, Asia
  Pacific, Latin America, Middle East, and Africa)
  - Global Forecast to 2027, is expected to be
  valued at US 3,065.3 million by 2027, exhibiting
  a CAGR of 22 during the forecast period
  (2019-2027), as highlighted in a report published
  by Coherent Market Insights.

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Market Dynamics- Drivers

• Growing demand for energy worldwide is expected
  to increase the adoption of DAS and drive growth
  of the global distributed acoustic sensing (DAS)
  market during the forecast period
• According to the International Energy Agency
  Forecast, by 2030 end, global energy demand is
  expected to increase by 50. This increasing
  energy demand is necessitating the need to access
  new hydrocarbon resources. Currently, production
  and transportation of energy is taking place in
  highly complicated conditions such as
  ultra-deepwater operation, soil instabilities,
  increasing tectonic activity, human intrusion
  risks, no adverse impact on fisheries and
  terrestrial fauna, need for real-time complex LNG
  assets control and high temperatures employed in
  steam enhanced heavy oil recovery methods.
  Furthermore, DAS has emerged as a cost-efficient
  and versatile technique to monitor the mechanical
  health of large structures and perform efficient
  damage assessment, which is obligatory, in order
  to optimize energy production and transfer.
  Hence, these factors are expected to boost the
  market growth over the forecast period.

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• High capabilities of DAS sensors to withstand
  critical environmental conditions are expected to
  propel the global distributed acoustic sensing
  (DAS) market growth over the forecast period
• Distributed acoustic sensors can detect changes
  at number of intervals over long distances, which
  is suitable for functions that include remote
  places and harsh environments. Such conditions
  are quite common in petroleum industry and
  oilfield applications. Furthermore, DAS sensors
  are increasingly being adopted in number of
  companies to determine the flow characteristics
  and associated physical properties inside pipe
  and near the wellbore. 

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• This high adoption is due to confluence of
  technological advancements in the upstream
  industry, which have enhanced durability and
  reliability of downhole fiber-optics systems.
  Furthermore, technological developments in
  material science industry such as advancements in
  glass chemistry yielding strong fiber cables and
  improvements in computer processing speed and
  better algorithms making data interpretation
  easier and faster, are expected to support the
  global distributed acoustic sensing (DAS) market
  growth in the near future.

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• Middle East Africa region dominated the global
  distributed acoustic sensing (DAS) market in
  2019, accounting for 39.5 share in terms of
  value, followed by North America, Europe, Asia
  Pacific and Latin America, respectively

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Market Dynamics- Restraints

• Constantly depreciating oil prices is expected to
  restrain growth of the global distributed
  acoustic sensing (DAS) market
• The oil gas industry has been using distributed
  optic fiber sensing for a long time for
  monitoring temperature and pressure. Growing
  demand for sensing in critical environments and
  consequent development of robust optic fiber
  technology has significantly benefited the oil
  gas industry. Moreover, these sensing systems
  provide various benefits throughout the life of
  well, i.e. from exploration to drilling and
  completion, and production and reservoir
  management.

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• However, the recent past has witness negative
  impact of adoption of distributed optical fiber
  sensing technology on oil prices. This decline in
  oil process is owing to rise in oil production
  and sluggish consumer demand combined with
  oversupply leading petroleum exporting countries.
  For instance, the U.S. has doubled its domestic
  oil production, Saudi Arabia oil companies are
  competing in Asian markets, oil exports from
  Canada and Iraq are also rising, and Russia is
  continuously pumping oil despite the economic
  crisis in the country.

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• Low signal-to-noise ratio of DAS sensors is
  expected to hinder the global distributed sensing
  (DAS) market growth over the forecast period
• The major challenge during the implementation of
  DAS sensors is the data acquired from DAS has
  more noise as compared to traditional sensing
  technologies such as geophones. This noise is
  generated by interrogator unit, while the time
  variant optical noise occurs equally on all
  receivers and the spike-like noise. This noise
  makes the calibration of devices difficult and
  detection of weak signals, especially in cases of
  microseismic applications, is a challenge.
  Furthermore, in order to ease the limitations
  associated with removing the time variant noise
  generated from temperature fluctuations in the
  well and optical noise, technologies such as
  median filter, band-pass filter, and stacking of
  multiple fiber measurements have been developed.

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Market Opportunities

• Growing adoption in energy and power sector to
  present lucrative business opportunity
• DAS technology can be used in power and energy
  sector to provide additional capabilities in
  terms of security and reliability. DAS is vital
  technology for power and energy sectors as they
  considered as assets of critical national
  security. Innovative features such as inherent
  reliability and passive nature of fiber optic
  based acoustic sensing is expected to offer a
  significant platform for this technology in
  various applications. These include effective
  intervention and intrusion monitoring. For
  instance, the latest and the most advanced DAS
  technologies can be implemented through existing
  fiber optics infrastructure, making it suitable
  for retrofit applications.

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• Constant developments in offshore infrastructure
  are expected to pose lucrative business
  opportunity
• Ongoing developments at offshore infrastructure
  are expected to boost the demand for of oil gas
  industry along with growth of renewable energy
  regeneration in offshore locations. For instance,
  in June 2016, OptaSense along with its partner
  Optilan, obtained the combined leak detection and
  security contract from ABB for the delivery of
  the control infrastructure for the
  Trans-Anatolian Natural Gas Pipeline (TANAP)
  project. The 1,850km long TANAP natural gas
  pipeline runs from Azerbaijan through Georgia and
  Turkey to Europe. The project is expected to mark
  a significant turning point in the adoption of
  fiber sensing technologies globally, with
  delivery of security and leak detection from a
  single fiber system.

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• Global Distributed Acoustic Sensing (DAS) Market
  was valued at US 624.3 Mn in 2019 and is
  forecast to reach a value of US 3065.3 Mn by
  2027 at a CAGR of 22.0 between 2019 and 2027

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Market Trends

• Implementation of DAS in various industry
  verticals other than oil gas industry
• DAS has been used in oil gas industry for a
  long time though owing to various developments
  and improvisations in DAS technology has enabled
  its implementation in other industry verticals as
  well. DAS systems can detect and identify changes
  and vibrations related to animal movements,
  structural changes, tires, and footsteps. For
  instance, in January 2016, Bandweaver, which is a
  manufacturer of advanced fiber optic monitoring
  sensors and integrated technologies, introduced
  Horizon DAS. This product is specialized for
  Third Party Intrusion (TPI) detection for a range
  of linear assets ranging from power cables to
  pipelines.

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• Focus on tackling challenges related to volume of
  data
• Growing efforts to effectively address data
  management challenges related to DAS is one of
  the major trend in the market. DAS solutions
  generate a large amount of data in a short period
  of time, which in turn, creates challenges for
  the companies to store. For instance, during a
  typical hydraulic fracturing monitoring
  operation, a DAS system can generate data up to 5
  TB per day, or 1 TB an hour with ultrasensitive
  systems.

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Segment Information

• In Global Distributed Acoustic Sensing (DAS)
  Market, by Application segment, the Oilfield
  Services sub-segment dominated the global market
  in 2019, accounting for 60.6 share in terms of
  value, followed by Pipeline Management, Security
  Surveillance, and Transport Services,
  respectively.

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Value Chain Analysis
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Competitive Section

• Key players operating in the global 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.

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Key Developments

• Key companies in the market are focused on
  signing agreements, in order to enhance their
  market presence. For instance, in January 2017,
  Halliburton Co. entered into a technology
  cooperation agreement with Petrobras, which is a
  multinational corporation in the petroleum
  industry based in Brazil. This multi-year
  agreement aims to develop innovative solutions in
  geophysics, drilling and completions, reservoir
  characterization, well testing, flow assurance,
  and production.
• Major market players are involved in product
  launch, in order to expand their product
  portfolios. For instance, in March 2017,
  Schlumberger launched Lift IQ production life
  cycle management service, which offers
  monitoring, diagnostics, and optimization of
  artificial lift systems in real-time. This new
  service securely collects, transmits, evaluates,
  and interprets data from customer wells to
  improve production efficiency, extend equipment
  run life, and reduce operating costs. With this
  development, the company aims to use real-time
  data to improve equipment life and uptime, as
  well as to adjust drawdown for maximum field
  recovery for productive life of the well.

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