Charlottesville, Virginia: SmarTech Publishing has just issued its latest report on additive manufacturing for the oil and gas sector. In the report the firm predicts that the oil and gas sector will generate $2 billion (USD) in revenues by 2027. The report titled, “Additive Manufacturing Opportunities in Oil & Gas Markets 2017” identifies and quantifies the commercial opportunities presented by implementation of AM technologies in terms of hardware, materials, software and AM service bureau associated demand and revenues.
Further details of this report can be found at: https://www.smartechanalysis.com/reports/additive-manufacturing-opportunities-in-oil-gas-markets-2017-an-opportunity
About the Report:
In 2016 SmarTech released the first ever in-depth analysis of additive manufacturing for the Oil and Gas industry. Our conclusion was the that this sector would become a major adopter of additive adopter of additive manufacturing technologies. Our 2017 report on this topic shows that our projections were correct. GE is now actively printing a variety of metal components for use in its oil and gas operations, while Halliburton is actively exploring the use cases for field production of active parts. Reasons to purchase this new report:
- The report includes a current discussion of the how additive manufacturing is increasing efficiency and streamlining supply chains in an oil and gas industry that continues to be beset by low prices for fossil fuels
- It also contains examples of how the oil and gas industry has adopted the latest additive manufacturing techniques for metals and adapted them for the industry’s specific needs. We show how the industry is now using additive manufacturing for printed metal components with increasing opportunities for large print volumes
- In addition, this study contains an analysis of how additive manufacturing is making operational and cost differences in the oil and gas industry in all phases of production — downstream, midstream and upstream oil and gas supply. Our ten-year forecasts of additive manufacturing in the oil and gas sector covering all relevant technologies, materials, and estimations of printed part volumes. These forecasts are based on SmarTech’s proprietary additive adoption model for the oil and gas industry, designed to gauge current and future use of AM.
This report is illustrated with the latest examples of where additive manufacturing is making a difference in the oil and gas industry. The reader of this report will also gain a better understanding of how additive manufacturing continues to penetrate the oil and gas Industry. It also provides guidance on how AM firms can help message their products for the oil and gas industry and how to get the industry behind additive manufacturing, as well as a detailed exploration of potential application areas that can jump-start internal research and development activities within the Industry.
The oil and 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 it will be invaluable reading to oil and gas industry executives as well as to the investment community and the additive manufacturing community itself.
From the Report:
The overall market for AM adoption in the Oil & Gas sector is expected to grow at 40% CAGR throughout the 11 year forecast period between 2016 and 2027. 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.
Materials sales also represent a smaller opportunity than services at this time as the intrinsic value of finished 3D printed parts indicates that the technology will continue to be used – for the foreseeable future – for relatively small batches or small size high value parts.
SmarTech Publishing expects that the oil & gas sector will resort primarily to outsourcing for AM part production rather than internal production – at least for the duration of the period analyzed in this report.
About SmarTech Publishing:
Since 2013 SmarTech Publishing has published reports on all the important revenue opportunities in the 3D printing/additive manufacturing sector and is considered the leading industry analyst firm providing coverage of this sector. Our company has a client roster that includes the largest 3D printer firms, materials firms and investors.
To Purchase this Report:
If interested in receiving a quote or to purchase this report, please email [email protected]