The use of additive producing, or 3D printing, is increasing day by day in the oil and gas business.
Currently accounting for less than 0.1% of the world producing market, is presently valued at $12.7 trillion, it's calculable that the 3D printing market is going to be priced $32bn by 2025 and over $60bn by 2030, says a report.
3D printing conjointly guarantees increased operational potency and business growth for the oil and gas business, it said.
GlobalData’s latest thematic report, ‘3D printing in Oil & Gas’, states that 3D printing has emerged as the key facultative technologies in driving industrial productivity. Over the years, 3D printing technology has become outstanding in several industries and has considerably influenced automotive and parts manufacturing. In the oil and gas sector, a number of the technology's applications produce spare elements on the website, testing new product styles and simplifying inventory management to avoid incurring costs.
The oil and gas business has shown slow but steady adoption of 3D printing in recent years. Initially, this technology was restricted to polymer-based merchandise. However, recent advancements in metal-based 3D printing are creating this technology additional relevant to the oil and gas business.
The key advantage of 3D printing technology lies in reducing the time it takes to supply complicated prototypes. 3D printers can lower the time needed to manufacture practical merchandise to be used in operations.
3D printing primarily enhances the speed of product producing and addresses the challenges related to the manufacturing of prototypes throughout new development, regardless of style complexities. The method of 3D printing is additive in nature, creating it potential to manufacture merchandise in less variety of steps, and generally even eliminating the requirement to assemble completely different elements along. This eventually reduces the time in creating the required product.
Tags : 3D Printing, Oil and Gas Sector,