SOURCE: SmarTech Markets Publishing

SmarTech Markets Publishing

June 07, 2016 15:56 ET

SmarTech Publishing: Revenue for 3D Printing From the Oil and Gas Industry to Reach $450 Million by 2021

CHARLOTTESVILLE, VA --(Marketwired - June 07, 2016) - The recent announcement by GE Oil and Gas that it has begun 3D printing end burners for gas turbine combustion chambers emphasizes the growing role of additive manufacturing in the oil and gas industry.

In its new report, "Additive Manufacturing Opportunities in Oil & Gas Markets 2016: A Ten-Year Forecast," SmarTech Publishing projects that in 2021, revenues from the oil and gas industry will bring US $450 million to the 3D printing sector and that this will grow to around US $1.4 billion by 2025.

SmarTech Publishing's new report is the only comprehensive study that provides a complete understanding of the important advantages that 3DP can bring to firms in the oil and gas Industry. The report also identifies the major opportunities for 3D printing over the next decade, based on specific dynamics of the global oil and gas business. This report shows where the money will be made and lost as the Oil and Gas Industry rise to meet these challenges

Inside the Report

  • A comprehensive analysis of the oil and gas industry and its current operating structure specifically as it relates to adoption of various 3DP technologies, software, and services. This analysis utilizes SmarTech Publishing's proprietary 3DP adoption model for the oil and gas industry, designed to gauge current and future use of 3DP. The report also shows how challenges in the field are matched with potential opportunities for printed parts, models, and tooling
  • Ten-year forecasts of the revenues that can be expected from this interesting sector. These projections cover all relevant technologies, materials, and estimations of printed part volumes. The data in the report will provide improved understanding of what is truly capable with 3DP in the oil and gas industry, as well as a detailed exploration of potential areas of application in order to jump-start internal research and development activities within the Industry.
  • Case studies of what firms are already achieving from deploying 3D printing in the oil and gas industry. The reader of this report will also gain a better understanding of how 3DP will make a transition to oil and gas industry use and how the industry will use 3DP especially for printed metal components and increasing opportunities for large print volumes
  • Guidance on how 3DP firms can help message their products for the oil and gas industry and how to get the Industry behind 3DP

This report details the most comprehensive collection of areas of exploration for 3DP in specific oil and gas equipment, systems, and sectors from upstream to midstream and beyond

GE is already printing a variety of metal components for use in its oil and gas operations, while oilfield services companies such as Halliburton are actively exploring the use cases for both rapid prototyping as well as field production of parts. Advocates of AM at these companies believe that 3D printing has the potential to radically alter the cost structure of oil exploration and drilling operations.

A Vital Strategic Guide to 3DP in the Oil and Gas Industry

Given the importance that these major players in the oil and gas Industry are placing on 3DP, SmarTech Publishing believes that it is time for marketing and business development executives at 3DP hardware and materials firms to examine the new revenue streams that oil and gas applications could mean for their companies. This report will help them meet this objective.

The report is also meant to be read by professionals in oil and gas Industry to help it better understand the opportunities that AM can bring to the Industry. SmarTech Publishing also believes that this report will be invaluable reading to firms that actively involve in investment in either the Oil and Gas Industry, or 3DP or both.

 
Using AM to Address Oil and Gas' Biggest Challenges
Challenge  AM Value Proposition  Potential Applications  Potential Limitations
Complex O&G product structure  Streamlining sub-assembly designs through design freedom and additive fabrication  Turbomachinery, pumps and related equipment, valve and process fittings, etc.  Control and repeatability of metal AM processes associated with serial production
Huge financial consequence to downtime  Reduced lead times and supply chain innovation  Drill bit and failure prone component manufacture, integration of sensors on equipment through freedom of design and remanufacture, etc.  Qualification and acceptance barriers related to education and application identification
Manufacturing inefficiency for low volume, high value parts  On-demand manufacturing, elimination of design and geometric complexity limitations, reduced lead times and costs  BOP components  Part size requirements
       

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