PUBLISHER: The Business Research Company | PRODUCT CODE: 1713563
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713563
A closed steam condensate recovery device is engineered to capture and recycle steam condensate within a closed loop, thereby preventing its waste or environmental release. This device enhances the efficiency and sustainability of steam systems by recovering the heat energy in the condensate and redirecting it back into the system.
The primary types of closed steam condensate recovery devices are continuous operation and intermittent operation. Continuous operation devices function without interruption, consistently collecting and recycling steam condensate as it forms during industrial processes. These devices are available through both online and offline channels and are used in various industries, including papermaking, chemicals, food, pharmaceuticals, and more.
The closed steam condensate recovery device market research report is one of a series of new reports from The Business Research Company that provides closed steam condensate recovery device market statistics, including closed steam condensate recovery device industry global market size, regional shares, competitors with a closed steam condensate recovery device market share, detailed closed steam condensate recovery device market segments, market trends and opportunities, and any further data you may need to thrive in the closed steam condensate recovery device industry. This closed steam condensate recovery device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The closed steam condensate recovery device market size has grown strongly in recent years. It will grow from $96.77 billion in 2024 to $102.42 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing industrial automation, growth in environmental awareness, growth in demand for water conservation technologies, rise in the implementation of sustainable practices, and growth in the adoption of closed-loop systems.
The closed steam condensate recovery device market size is expected to see strong growth in the next few years. It will grow to $126.94 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing focus on energy efficiency, growing demand for cost-effective solutions, rising awareness of environmental sustainability, rising energy costs, and increasing government regulations. Major trends in the forecast period include technological advancements, integration of IoT, smart sensors, machine learning, and closed-loop steam systems.
The growth of the closed steam condensate recovery device market is expected to be driven by the expansion of the food and beverage sector. This sector includes businesses involved in the production, processing, packaging, distribution, and sale of food and drink products. The growth in this sector is attributed to factors such as the increasing global population, rising consumer demand for convenience foods and beverages, evolving dietary preferences, and expanding middle-class incomes, particularly in emerging markets. Closed steam condensate recovery devices are used in the food and beverage industry to enhance energy efficiency, reduce water consumption, and maintain process hygiene by preventing contamination. For example, a report from Statistics Sweden in September 2022 indicated that revenue from food and beverage sales in Sweden reached $29.85 billion (SEK 334 billion), marking a 2.9% increase driven by a 2.5% rise in sales volume and a 0.4% increase in prices. This growth underscores the role of the food and beverage sector in driving the demand for closed steam condensate recovery devices.
Key players in the closed steam condensate recovery device market are focusing on developing advanced products, such as steam trap monitoring solutions, to improve energy efficiency, reduce water consumption, and minimize environmental impact. Steam trap monitoring solutions are designed to track the performance and condition of steam traps within a steam system, especially in closed steam condensate recovery devices. These solutions ensure that steam traps operate efficiently, helping to prevent energy loss, reduce maintenance costs, and enhance overall system performance. For instance, in October 2023, IMI Critical Engineering, a UK-based engineering company, introduced the STM-10 Steam Trap Monitoring Solution. This device provides real-time monitoring of steam traps, detecting failures and inefficiencies that could lead to energy loss and increased operational costs. The STM-10 features wireless compact sensors that monitor critical process conditions and advanced software with smart algorithms to identify blockages or leaks in steam traps quickly. This innovative approach, combined with proactive maintenance schedules, helps lower energy costs and CO2 emissions while reducing the risk of wet steam erosion damage.
In May 2024, Tranter Inc., a US-based manufacturer of closed steam condensate recovery devices, partnered with Hexxcell Ltd. to enhance industrial plate and frame heat exchanger monitoring and predictive maintenance. This collaboration aims to improve operational efficiency, reduce costs, and uncover sustainable opportunities for customers. Hexxcell Ltd., a UK-based digital technology provider for industrial heat transfer systems, is a key partner in this advancement.
Major companies operating in the closed steam condensate recovery device market are Emerson Electric Co., Xylem Inc., KSB SE & Co. KGaA, Wilo SE, Spirax-Sarco Engineering plc, Armstrong International Inc., Thermax Limited, Forbes Marshall Pvt. Ltd., Kadant Inc., Cleaver-Brooks, Inc., Chromalox Inc., ARI-Armaturen Albert Richter GmbH & Co. KG, Sundyne, LLC, GESTRA AG, TLV International Inc., Thermodyne Engineering Systems, Albany Pump Co. Ltd., Pennant Engineering Pvt. Ltd., Mechanical Equipment & Pump Co., Valsteam ADCA Engineering SA, Johnston Boiler Company, Rheem Manufacturing Company, Grundfos Pumps Corporation
Asia-Pacific was the largest region in the closed steam condensate recovery device market in 2024. The regions covered in the closed steam condensate recovery device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the closed steam condensate recovery device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The closed steam condensate recovery device market consists of steam traps, condensate pumps, flash steam recovery systems, heat exchangers and pressure reducing valves. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Closed Steam Condensate Recovery Device Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on closed steam condensate recovery device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for closed steam condensate recovery device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The closed steam condensate recovery device market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.