Additive Manufacturing (3D-Printing) in the Energy Sector Projected for Rapid Growth Driven by Advanced Part Design and On-demand Manufacturing Capabilities - Global Market Forecast to 2032

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Mar 07, 2024, 18:00 ET

DUBLIN, March 7, 2024 /PRNewswire/ -- The "Additive Manufacturing in the Energy Sector: Market Analysis & Forecast" report has been added to ResearchAndMarkets.com's offering.

The comprehensive market analysis outlined in the "Additive Manufacturing in the Energy Sector" report underscores a significant leap in market activity for the year 2023, with expectations for continued expansion into a robust $17 billion industry by 2032

Unpacking the trajectory of Additive Manufacturing (AM) within the energy landscape, the report depicts a sector on the cusp of transformative change, leveraging the advanced capabilities of 3D printing technologies.

The report explores the vital role of AM across various branches of the energy sector, including Oil & Gas, Nuclear, and Renewable Energy. The evolving landscape of energy provision, characterized by an increasing shift towards sustainable practices and the weighty impact of geopolitical events, finds in Additive Manufacturing a resilient and innovative partner. Advanced part design and on-demand manufacturing capabilities inherent in AM present an opportunity to revolutionise the development, maintenance, and operation of critical energy infrastructure.

Facing a myriad of challenges such as material limitations and the pressing need for regulatory adherence and sector-specific certifications, the industry shows a readiness to tackle these head-on, setting the stage for an adoption surge. Segmented by technology, material, and application, the report's market forecast details the vast growth potential and strategic importance of AM.

Report Highlights

Current and forthcoming market trends in Additive Manufacturing
Segmentation by technology, material, and application within the energy sector
Insightful opportunities and challenges presented by AM advancements
Projections and implications for energy providers, technology innovators, and investors
The integral role of AM in the ongoing shift towards decarbonization and energy efficiency

A selection of companies mentioned in this report includes

Shell
GE Power & Renewable Energy
ExxonMobil
Baker Hughes
ConocoPhilips
American Petroleum Institute
DNV GL
Lloyd's Register
Stratasys
3D Systems
EOS
Desktop Metal
Markforged

Key Topics Covered:

Chapter One: Current state of Additive Manufacturing Adoption in the Energy Sector; understanding the evolution of adoption.

Notable trends affecting AM adoption

How 3D Printing is supporting this transition
Energy and supply chain security
On-demand manufacturing
Benefits and Future Outlook
Challenges facing AM adoption within the Energy Sector
Aversion to risk

Challenges for 3D Printing in Oil and Gas

Moving Forward with Additive Manufacturing
IP challenges
Qualifications and standards
American Petroleum Institute
Lloyd's Register
Det Norske Veritas (DNV)

Total market forecast

Key Takeaways

Chapter Two: Understanding the Opportunities for Additive Manufacturing within the Energy Sector.

Opportunities within Oil & Gas

Supply Chain Optimization
Advanced designs
Aging Infrastructure
Sustainability and Decarbonization

Opportunities within Nuclear

3D printing and nuclear fuel design
Mitigating the cost of nuclear decommissioning

Opportunities within Renewables

Solar power
Wind

Hydro and Geothermal

Challenges in Implementing 3D Printing

Quality and Certification
Design and Training
Material Selection

Key Takeaways

Chapter Three: Exploring the current and future application space for Additive Manufacturing in the Energy Sector.

Oil and Gas

Additive moves from prototyping to production
On-Demand printing as a part replacement strategy
Accelerating Adoption Through Supplier Partnerships
Exploration and Drilling
Complex Drill Bits: Maximizing Penetration and Minimizing Wear
Downhole tools
Rig components

Production & Transportation

Nuclear

Current Applications of 3D Printing in Nuclear Energy
Fuel Fabrication
Control Rods and Cooling Systems
Potential Applications
Reactor Core Components
Instrumentation and Control Systems

Renewables

Wind Energy
Solar
Hydro

Forecast

Prototypes

Tools

End use parts

Key Takeaways

Chapter Four: Analysing the Additive Manufacturing Materials and Technologies Driving Adoption in the Energy Sector.

Metal 3D printing technologies

Powder Bed Fusion
High speed metal 3D printing
Binder Jetting
Large Format and Multi-axis Printing
Metal 3D printing hardware forecast
Polymer printers
Polymer Hardware Forecasts

Materials

Metal
Steel
Nickel Alloys
Cobalt Chromium
Titanium
Refractory Metals
Aluminium
Metal Materials Outlook

Polymer

General purpose Filament polymers: ABS, PETG, Nylon
Performance Filament Polymers; PEEK, PEI, and composites
Powder materials; Nylons, PEEKs, PEKKs
Resins

Polymer Materials Outlook

Key Takeaways

For more information about this report visit https://www.researchandmarkets.com/r/ly0etp

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