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3D Printing in Oil & Gas - Thematic Research

3D Printing in Oil & Gas - Thematic Research

  • September 2019
  • 67 pages
  • ID: 5473901
  • Format: PDF
  • By GlobalData

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3D Printing in Oil & Gas - Thematic Research

Summary
The use of additive manufacturing, or 3D printing, is gradually increasing in the Oil and Gas industry. Currently accounting for less than 0.1% of the overall global manufacturing market, which is currently valued at $12.7 trillion, it is estimated that the 3D printing market will be worth $32bn by 2025 and over $60bn by 2030, according to the latest report “3D Printing in Oil & Gas - Thematic Research”.

3D printing has emerged as one of the key enabling technologies in driving industrial productivity. Over the years, 3D printing technology has become prominent in different industries and has significantly influenced automotive and aerospace manufacturing. In the Oil and Gas sector, some of the technology’s applications include manufacturing spare parts on site, testing new product designs and simplifying inventory management to save costs.

The Oil and Gas industry has shown slow but steady adoption of 3D printing in recent years.Initially, this technology was largely limited to polymer-based products.

However, recent advancements in metal-based 3D printing are making this technology more relevant to the Oil and Gas industry. The key benefit of 3D printing technology lies in reducing the time it takes to produce complex prototypes. 3D printers can also lower the time required to manufacture functional products for use in operations.

Due to stricter environmental norms, volatile oil prices and ever-increasing competition, companies are gravitating towards complex equipment designs to achieve operational efficiency. The ability to produce complex components, which are otherwise impossible to manufacture using conventional processes, is turning 3D printing into a must-have technology.

Lengthy procurement processes for obtaining spare parts often compel Oil and Gas companies to maintain extraordinarily high inventory levels, leading to warehousing costs. 3D printing technology can address this issue by enabling companies to manufacture parts on a need basis. Oil and Gas companies will see a reduction in the overall costs spent on supply chain management by using 3D printing as a mainstream manufacturing technology, which would help them to enhance operational efficiency and foster growth.

Scope
- Overview of the emergence of 3D printing technology as a theme in the oil and gas industry and its impact on operations.
- Detailed analysis of the emerging use cases for 3D printing across the oil and gas value chain.
- A brief overview of the major application areas for 3D printing in the oil and gas industry.
- Analysis of the 3D printing industry along with its use cases across different industry verticals.

Reasons to buy
- Understand the importance of adopting 3D printing in oil and gas operations.
- Identify the key applications and trends for the 3D printing theme.
- A review of some of the case studies highlighting the growing capabilities of 3D printing in addressing business challenges across the oil and gas value chain.
- Identify and benchmark key oil and gas companies and technology providers based on their exposure to 3D printing theme.

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