AM Research Report Finds $2.6B of Market Activity in Energy Sector 2023

AM on expected growth trajectory to growing to $17B in 2032, report says.

AM on expected growth trajectory to growing to $17B in 2032, report says.

In analysis conducted by Additive Manufacturing Research, the market study titled “Additive Manufacturing in the Energy Sector: Market Analysis & Forecast” reveals opportunities and potential for 3D printing in the Energy sector. The study sheds light on the potential impact of additive manufacturing technologies on the oil & gas, nuclear and renewable energy landscapes, according to Additive Manufacturing Research.

The study's findings hold 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 energy landscape, the research firm notes. The integration of additive manufacturing is poised to influence 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 an AM outlook, with the technology maturing to the point of providing on-demand manufacturing, reducing downtime and enhancing operational efficiency through advanced part design, the research firm says. It also addresses challenges such as material limitations, regulatory compliance, and a need for industry-specific certifications and standards. The report also includes a market forecast, highlighting growth potential of AM in the energy sector, segmented by technology, material, and application.

Companies and organizations mentioned or profiled include Shell, GE Power & Renewable Energy, ExxonMobil, Baker Hughes, ConocoPhilips, Westinghouse, American Petroleum Institute, DNV GL, Lloyd's Register, Stratasys, 3D Systems, EOS, Desktop Metal, and Markforged.

This AM Research report is authored by Oliver Smith, of ReThink Additive.  Oliver is a 3D printing industry consultant recently having worked for Stratasys' consulting division, and has worked with 3D printing clients, including those in the energy sector, for over 10 years.

About Additive Manufacturing Research

Since 2013, Additive Manufacturing Research (formerly SmarTech Analysis) has published reports on all the important revenue opportunities in the 3D printing/additive manufacturing sector and is considered a leading industry analyst firm providing coverage of this sector. AMR's analysis and data drives strategy development in the additive industry and has been adopted and presented by many of the industry's largest firms.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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