PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567177
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567177
Steam Trap Market, By Type, By Application, By End User, By Geography
The Global Steam Trap Market is estimated to be valued at USD 4.12 Bn in 2024 and is expected to reach USD 5.36 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 4.12 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 3.80% | 2031 Value Projection: | US$ 5.36 Bn |
Steam traps are a class of automatic valves that drain condensate and air from steam lines, tanks, vessels, and heating systems while preventing the loss of steam. They are an integral part of steam systems that allow condensate blowdown and keep steam lines dry. Growing demand from end-use industries such as oil and gas, chemicals, healthcare, and food processing is expected to drive the market during the forecast period.
Market Dynamics:
The global steam trap market growth is driven by the rapidly growing ol and gas, chemical, and petrochemical industries. Major market players are continuously focusing on developing energy-efficient steam traps to minimize carbon emissions. Growing industrialization in developing nations is expected to unlock significant growth opportunities for market participants. However, high initial investment associated with installation and maintenance of steam traps is a major challenge for market players. Ongoing research and development for compact and cost-effective equipment may help overcome this restraint. In addition, shifting focus towards renewable energy sources and energy efficiency are expected to present lucrative opportunities over the next few years.
Key features of the study:
This report provides in-depth analysis of the global steam trap market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global steam trap market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Armstrong International, Bourdon-Haenni AG, Danfoss, Emerson Electric Co., Fisher Controls International LLC (part of Emerson), GROVELEY, Hawke International, IMI plc, KSB SE & Co. KGaA, Pentair, Sempell GmbH, Spirax Sarco, Thermodyne Engineering Systems, Valeo Service, and Watts Water Technologies
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global steam trap market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global steam trap market.
Detailed Segmentation-
- By Type Insights (Revenue, USD Bn, 2019 - 2031)
- Thermostatic Steam Traps
- Mechanical Steam Traps
- Thermodynamic Steam Traps
- Others (Bimetallic Steam Traps, Float Steam Traps, etc.)
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Steam Heating Systems
- Steam Dryers
- Steam Jacketed Equipment
- Steam Tracing
- Others
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Manufacturing
- Power Generation
- Oil and Gas
- Food and Beverage
- Pharmaceuticals
- Others
- By Regional Insights (Revenue, USD Bn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Armstrong International
- Bourdon-Haenni AG
- Danfoss
- Emerson Electric Co.
- Fisher Controls International LLC (part of Emerson)
- GROVELEY
- Hawke International
- IMI plc
- KSB SE & Co. KGaA
- Pentair
- Sempell GmbH
- Spirax Sarco
- Thermodyne Engineering Systems
- Valeo Service
- Watts Water Technologies
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Steam Trap Market, By Type
- Global Steam Trap Market, By Application
- Global Steam Trap Market, By End User
- Global Steam Trap Market, By Region
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Steam Trap Market, By Type, 2019 -2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Thermostatic Steam Traps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Mechanical Steam Traps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Thermodynamic Steam Traps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others (Bimetallic Steam Traps, Float Steam Traps, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Steam Trap Market, By Application, 2019 -2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Steam Heating Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Steam Dryers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Steam Jacketed Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Steam Tracing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Steam Trap Market, By End User, 2019 -2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Power Generation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Food and Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Steam Trap Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- Armstrong International
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bourdon-Haenni AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Danfoss
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Emerson Electric Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fisher Controls International LLC (part of Emerson)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GROVELEY
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hawke International
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- IMI plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- KSB SE & Co. KGaA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Pentair
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Sempell GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Spirax Sarco
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Thermodyne Engineering Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Valeo Service
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Watts Water Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
