Market Share of Distributed Temperature Sensing Industry
The distributed temperature sensing market is moderately competitive in nature and is marked with the presence of several international and domestic key players. Vendors in the DTS market have the need to innovate and adapt to the shifting business requirements to keep up with the rising competition. The vendors operate in a competitive environment and there is a constant need for innovations due to the rapid technological changes.
- Feb 2020 - Schlumberger announced the opening of a world-class manufacturing center in King Salman Energy Park (SPARK). The center will manufacture various technologies including liner hangers and packers and valve technologies, such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
- Nov 2019 - NKT Photonics expanded its reach to the United States by opening a new facility in Boston. This facility not only serves as sales and support but it also accommodates an application & service laboratory and state-of-art single-frequency fiber laser production.
Distributed Temperature Sensing Market Leaders
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Schlumberger Limited
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Halliburton Company
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Yokogawa Electric Corporation
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Weatherford International PLC
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Sumitomo Electric Industries, Ltd.
*Disclaimer: Major Players sorted in no particular order
