Additive Manufacturing in the Energy Sector: Market Analysis & Forecast

Report
January 2024
Region: Global
Additive Manufacturing Research
ID: 5941189

New Additive Manufacturing Research Report Sees $2.6B of 2023 Market Activity in 2023, Growing to $17B in 2032

The “Additive Manufacturing in the Energy Sector” report highlights current trends, opportunities, challenges, and the outlook of Additive Manufacturing, with the technology maturing to the point of providing on-demand manufacturing, reducing downtime, and enhancing operational efficiency through advanced part design. It also addresses challenges such as material limitations, regulatory compliance, and the need for industry-specific certifications and standards, all of which are already being addressed. Additionally, the report includes a market forecast, highlighting the significant growth potential of AM in the energy sector, segmented by technology, material, and application.

The report reveals significant opportunities and potential for 3D printing in the Energy sector, and compelling insights into the transformative role of AM within it. The comprehensive study sheds light on the rapid evolution and potential impact of additive manufacturing technologies on the Oil & Gas, Nuclear and Renewable Energy landscapes.

The study’s findings hold significant implications for energy providers, technology providers, investors and policymakers, indicating the need for proactive measures to harness the full potential of additive manufacturing in addressing the ever-evolving energy landscape. As the world confronts a move towards decarbonization and in an era defined by escalating and evolving geopolitical concerns, the integration of additive manufacturing is poised to make its mark on the way oil and gas, nuclear, and renewable entities conceptualize, develop, and deploy and maintain critical assets and equipment, whilst simultaneously pushing innovation of next-generation energy sources using advanced production technologies.

“Additive Manufacturing in the Energy Sector” highlights current trends, opportunities, challenges, and the outlook of AM, with the technology maturing to the point of providing on-demand manufacturing, reducing downtime, and enhancing operational efficiency through advanced part design. It also addresses challenges such as material limitations, regulatory compliance, and the need for industry-specific certifications and standards, all of which are already being addressed. Additionally, the report includes a market forecast, highlighting the significant growth potential of AM in the energy sector, segmented by technology, material, and application.

The report features a comprehensive written market analysis and a companion Excel file of historical market data as well as a 10-year forecast.

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
- Exhibit 2-1: Demonstrated 3D printed components within the Oil & Gas industry

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
- Exhibit 2-2: Demonstrated 3D printed components within the Nuclear Industry
Renewables
- Wind Energy
- Solar
- Hydro
- Exhibit 2-3: Demonstrated 3D printed components within the Renewable Industry
Forecast
- Exhibit 3-1: 3D printed parts value by material type
- Exhibit 3-2: 3D printed parts production by material type
- Exhibit 3-3: 3D printed parts average sales price by material type
- Exhibit 3-4: 3D printed parts value by application
- Exhibit 3-5: 3D printed parts production by application
- Prototypes
- Exhibit 3-5: 3D printed prototyping parts value by material
- Exhibit 3-6: 3D printed prototyping parts production by material
- Exhibit 3-7: 3D printed prototyping parts value by application
- Exhibit 3-8: 3D printed prototyping parts production by application
- Tools
- Exhibit 3-9: 3D printed tooling parts value by material
- Exhibit 3-10: 3D printed tooling parts production by material
- Exhibit 3-11: 3D printed tooling parts value by application
- Exhibit 3-12: 3D printed tooling parts production by application
- End use parts
- Exhibit 3-13: 3D printed end-use parts value by material
- Exhibit 3-14: 3D printed end-use parts production by material
- Exhibit 3-15: 3D printed end-use parts value by application
- Exhibit 3-16: 3D printed end-use parts production by application
Key Takeaways

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

Figure 4-1: 3D printing hardware value by material
Figure 4-2: 3D printing hardware value share by material
Metal 3D printing technologies
- Figure 4-3: metal 3D printing technologies relevant to the energy sector
- Powder Bed Fusion
- High speed metal 3D printing
- Binder Jetting
- Large Format and Multi-axis Printing
- Metal 3D printing hardware forecast
- Figure 4-4: metal 3D printing hardware value by technology type
- Figure 4-5: metal 3D printing hardware units by technology type
- Figure 4-6: metal 3D printing hardware value share by technology type
Polymer printers
- Figure 4-7: polymer 3D printing technologies relevant to the energy sector
- Polymer Hardware Forecasts
- Figure 4-8: polymer 3D printing hardware value by technology
- Figure 4-9: polymer 3D printing hardware units by technology
- Figure 4-10: polymer 3D printing hardware value share by technology
Materials
- Figure 4-11: 3D printing materials value by material
- Figure 4-12: 3D printing materials shipments by material
- Figure 4-13: 3D printing materials value share by material
Metal
- Steel
- Figure 4-14: steel 3D printing materials relevant to the energy sector
- Nickel Alloys
- Cobalt Chromium
- Titanium
- Refractory Metals
- Figure 4-15: refractory 3D printing materials relevant to the energy sector
- Aluminium
- Metal Materials Outlook
- Figure 4-16: 3D printing metals value by material type
- Figure 4-17: 3D printing metals shipments by material type
- Figure 4-18: 3D printing metals value share by material type
Polymer
- General purpose Filament polymers: ABS, PETG, Nylon
- Performance Filament Polymers; PEEK, PEI, and composites
- Figure 4-19: filament polymer 3D printing materials relevant to the energy sector
- Powder materials; Nylons, PEEKs, PEKKs
- Figure 4-20: powder polymer 3D printing materials relevant to the energy sector
- Resins
- Polymer Materials Outlook
- Figure 4-21: polymer 3D printing materials value by material type
- Figure 4-22: polymer 3D printing materials shipments by material type
- Figure 4-23: polymer 3D printing materials value share by material type
Key Takeaways

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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

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Table of Contents

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Companies Mentioned (Partial List)

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