The Oil & Gas industry is poised to become one of the most important generators of revenue – both near and long-term — for additive system manufacturers and service providers worldwide. We believe that AM will be invaluable to oil and gas industry stakeholders as well as to the investment community, while it will offer a huge opportunity of growth to the additive manufacturing
The overall market for AM adoption in the Oil & Gas sector is expected to grow at 40% CAGR throughout the full 11-year forecast period between 2016 and 2027, which is taken into consideration in the full report. Growth rates are higher in the first part of the forecast and they slowdown in the second half of the forecast period, as the segment consolidates and yet continues to explore a very significant potential. Overall, SmarTech Publishing expects 3D printing hardware and 3D printing services to represent the most significant revenue opportunities, with AM software (not including CAD) only representing a minor revenue opportunity at this time.