3D printing, or "additive manufacturing", is the process of joining materials to make objects from three-dimensional model data, usually layer upon layer. In 2017 the 3D printing industry was worth $7bn, up from $3bn in 2013. By 2025 the 3D printing market will account for over $20bn in global spend.
The 3D printing market blends software technology with materials science and the growth in interest in 3D printing technology is fuelling a significant amount of R&D investment in the core technologies that make up 3D printing solutions.
Today, 3D printing is not commonly used as a replacement for volume manufacture, where the technology and materials costs mean that other manufacturing approaches are more suitable. However, it is now widely used in prototyping across a number of sectors where it can significantly lower the cost of development.
3D printing is finding increasing applications in the power industry. It is providing benefits such as shorter lead times and reduced costs, and helping companies enhance their equipment efficiency more rapidly. Companies are setting up dedicated business units to focus on this disruptive technology.
3D Printing in Power Market Manufacturer Detail:
3D Systems, Stratasys, Renishaw, GE Additive, HP Inc, Proto Labs, Organovo, ExOne, Voxeljet, Groupe Gorge, Beijing Tiertime, Blueprinter, Concept Laser, EnvisionTEC, EOS, Mcor Technologies, Nanoscribe, Optomec, Siemens, GE, Rosatom, Westinghouse