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

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 ManufacturingSegmentation by technology, material, and application within the energy sectorInsightful opportunities and challenges presented by AM advancementsProjections and implications for energy providers, technology innovators, and investorsThe integral role of AM in the ongoing shift towards decarbonization and energy efficiency

A selection of companies mentioned in this report includes

ShellGE Power & Renewable EnergyExxonMobilBaker HughesConocoPhilipsAmerican Petroleum InstituteDNV GLLloyd’s RegisterStratasys3D SystemsEOSDesktop MetalMarkforged

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 transitionEnergy and supply chain securityOn-demand manufacturingBenefits and Future OutlookChallenges facing AM adoption within the Energy SectorAversion to risk

Challenges for 3D Printing in Oil and Gas

Moving Forward with Additive ManufacturingIP challengesQualifications and standardsAmerican Petroleum InstituteLloyd’s RegisterDet 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 OptimizationAdvanced designsAging InfrastructureSustainability and Decarbonization

Opportunities within Nuclear

3D printing and nuclear fuel designMitigating the cost of nuclear decommissioning

Opportunities within Renewables

Solar powerWind

Hydro and Geothermal

Challenges in Implementing 3D Printing

Quality and CertificationDesign and TrainingMaterial 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 productionOn-Demand printing as a part replacement strategyAccelerating Adoption Through Supplier PartnershipsExploration and DrillingComplex Drill Bits: Maximizing Penetration and Minimizing WearDownhole toolsRig components

Production & Transportation

Nuclear

Current Applications of 3D Printing in Nuclear EnergyFuel FabricationControl Rods and Cooling SystemsPotential ApplicationsReactor Core ComponentsInstrumentation and Control Systems

Renewables

Wind EnergySolarHydro

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 FusionHigh speed metal 3D printingBinder JettingLarge Format and Multi-axis PrintingMetal 3D printing hardware forecastPolymer printersPolymer Hardware Forecasts

Materials

MetalSteelNickel AlloysCobalt ChromiumTitaniumRefractory MetalsAluminiumMetal Materials Outlook

Polymer

General purpose Filament polymers: ABS, PETG, NylonPerformance Filament Polymers; PEEK, PEI, and compositesPowder materials; Nylons, PEEKs, PEKKsResins

Polymer Materials Outlook

Key Takeaways

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/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-2032-302082946.html

SOURCE Research and Markets