Oil prices that are constantly falling are projected to limit the growth of the worldwide distributed acoustic sensing (DAS) industry. The poor signal-to-noise ratio of DAS sensors is likely to limit the growth of the worldwide distributed sensing (DAS) market throughout the forecast period. Pipeline management is widely employed in the restoration, preservation, and remediation of the environment. DAS is steady, cumulative, has a high sensitivity, and is resistant to strong loads and electrical interference. Distributed acoustic sensing (DAS) is being developed to monitor plant growth systems and enclosed life support systems because of all of these benefits. As a result, the need for distributed acoustic sensing (DAS) is likely to boost the expansion of the worldwide DAS market.
According to Coherent Market Insights, The global Distributed Acoustic Sensing (DAS) Market was valued at US$ 506.3 Mn in 2021 and is expected to reach US$ 1,331.4 Mn by 2030, growing at a CAGR of 11.5% between 2022 and 2030.
Key Competitors in the Distributed Acoustic Sensing (DAS) Industry:
1. Halliburton Co.
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company was founded in 1919 and is based in Houston, Texas. In July 9, 2020, Halliburton Co. and TechnipFMC introduced Odassea a distributed acoustic sensing solution for subsea reservoir monitoring. The technology platform enables operators to execute seismic imaging and reservoir diagnostics to improve reservoir knowledge. 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.
2. Hifi Engineering Inc.
The company was founded in 2007, headquartered in Alberta, Canada. It is developer of fiber optic sensing systems designed to monitor pipelines and wellbores. The company's systems use high-fidelity dynamic sensing which includes parameters like acoustics, temperature, and strain, enabling clients to detect leaks and monitor critical infrastructure, pipelines, and wellbores in a hassle-free manner. In October 28, 2021 Hifi Engineering Inc. used to monitor critical infrastructure including oil and gas wells, and pipelines.
3. Silixa Ltd.
It is Provider of fiber optic-powered data services intended to serve alternative energy, mining and other sectors. The company offers distributed acoustic sensing, distributed temperature sensing, seismic, frac monitoring, microseismic, production monitoring, non-intrusive process metering and leak detection services. The company was founded in 2007, headquartered in England, U.K.
4. Schlumberger Limited
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Schlumberger Limited was founded in 1926 and is based in Houston, Texas. In March 2017, Schlumberger launched the 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.
5. Banweaver
The company was founded in 2002, headquartered in England. Bandweaver provides advanced fiber optic monitoring sensors and integrated technologies. 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. The company is acquired by Cathay capital.
6. Omnisens SA
OMNISENS was created in 1999 as a spin-off company of the Swiss Federal Institute of Technology (EPFL). Omnisens produces instrumentation and systems based on optical metrology and photonics. Based in Switzerland Omnisens operates throughout the world. In
Nov 12, 2021 Prysmian Group acquired Omnisens SA.
7. Future Fibre Technologies Ltd.
FFT is the global leader in fibre optic intrusion detection systems, with a track record of delivering highly intelligent, reliable, and award winning intrusion detection solutions forThe protection of critical sites and infrastructures. Since its establishment in 1994, FFT has grown to become the technology of choice for perimeter protection applications, pipeline monitoring and communications/data network security. The company is headquartered in Mulgrave.
8. Baker Hughes, Inc.
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). Baker Hughes Company was incorporated in 2016 and is based in Houston, Texas.
9. Fotech Solutions Ltd
The company was founded in 2008, headquartered in England. It is provider of optical fiber-based acoustic monitoring systems designed to create more efficient organizations by simplifying how assets are monitored and managed. The company's systems focus on monitoring and surveillance services for providing real-time intelligence and monitoring information
*Definition- Distributed acoustic sensing is a technique that allows for real-time monitoring of pipelines and wells in order to offer critical information to clients in a variety of difficult situations. DAS works on the basis of Rayleigh scattering and is used to determine acoustic strain signals across large distances.
