Americas to hold largest share of the DAS industry by 2025
The DAS market is dominated by the Americas, with North America contributing to the majority share of the market compared to South America. In North America, the US is a key market for DAS systems, accounting for the largest share in the region during the forecast period. According to the US Energy Information Administration (EIA), the US ranked first in oil & gas production. Canada is the second-largest market for DAS systems in North America and according to the EIA, Canada ranked fifth in terms of oil & gas production in 2019. South America has some of the world’s largest oil & gas reserves located in Argentina and Venezuela. In South America, state-owned companies oversee the majority of oil & gas production in their respective countries. Hence, the Americas is expected to hold the largest market for DAS systems. At present, due to the North American region being most affected owing to the COVID-19 pandemic resulting in the subsequent decrease of hydraulic fracturing and offshore drilling activities, the DAS market in the Americas is expected to be among the most affected markets.