Global Steam Trap Market By Product (Thermodynamic, Mechanical & Thermostatic), By Application (Drip Application, Process Application & Tracing Application), By Body Material (Steel, Iron & Others), By Industry (Chemicals, Energy and Power, Food & Beverages, Oil & Gas, Pharmaceuticals, Others), By Company, By Region, Forecast & Opportunities, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.77 Billion
CAGR (2026-2031)	4.94%
Fastest Growing Segment	Thermodynamic
Largest Market	Asia Pacific
Market Size (2031)	USD 6.37 Billion

Market Overview

The Global Steam Trap Market will grow from USD 4.77 Billion in 2025 to USD 6.37 Billion by 2031 at a 4.94% CAGR. A steam trap is an automatic valve designed to discharge condensate, air, and non-condensable gases from a steam system while preventing the escape of live steam to ensure optimal heat transfer. The primary drivers supporting market growth are the escalating industrial emphasis on energy efficiency and stringent government regulations regarding carbon emissions, which compel facilities to minimize thermal loss. According to the VDMA, in 2024, the industrial valves sector, which encompasses steam trap technologies, achieved a nominal sales growth of 6 percent.

Despite this positive momentum, the market encounters a significant challenge in the form of high initial capital requirements for advanced monitoring systems. Although intelligent steam traps offer superior predictive maintenance capabilities, the substantial upfront investment and technical complexity associated with retrofitting aging infrastructure often deter cost-sensitive operators, thereby impeding the broader adoption of these modern solutions.

Key Market Drivers

The adoption of IIoT-based smart monitoring and predictive maintenance is fundamentally reshaping the Global Steam Trap Market. Industrial operators are increasingly deploying wireless sensors and centralized software to detect failures such as cold traps or blow-throughs in real-time, thereby minimizing unplanned downtime. This digital shift allows for a transition from reactive to condition-based maintenance strategies, significantly optimizing labor allocation and system reliability. The scale of this technological integration is evident in the data; according to Armstrong International, in 2024, users of their SAGE thermal utility management platform have collectively added over one million steam traps, demonstrating the widespread implementation of digital intelligence to secure asset health.

Simultaneously, the escalating demand for industrial energy conservation and cost reduction is a critical force propelling market expansion. As steam generation represents a major operational expense and carbon footprint source, facilities are aggressively retrofitting aging infrastructure to enhance thermal efficiency and comply with stringent environmental mandates. Major industrial players are allocating vast resources to these initiatives; according to Dow, in October 2024, the company has committed to investing approximately $1 billion in annual capital to decarbonize its assets, directly influencing demand for efficient steam management components. This positive investment climate is mirrored in the wider flow control sector, where, according to the British Valve and Actuator Association, in November 2024, global valve consumption was projected to rise by 3.6% to reach a market size of US$88.1 billion.

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Key Market Challenges

The high initial capital requirement for advanced monitoring systems serves as a substantial barrier to the expansion of the Global Steam Trap Market. Although intelligent steam traps provide superior capabilities for detecting failures, the costs associated with purchasing these sophisticated units and retrofitting them into aging infrastructure are prohibitive for many facilities. This financial burden is particularly acute for operators managing extensive, complex piping networks where the replacement of numerous mechanical units with smart alternatives requires a massive upfront outlay. Consequently, cost-sensitive decision-makers often defer these modernization projects, prioritizing essential operational repairs over efficiency upgrades, which directly slows the replacement rate of legacy equipment.

This reluctance to commit to heavy capital expenditure is intensified by a broader environment of fiscal caution within the industrial sector. When manufacturing facilities face economic pressure, the allocation of funds for non-critical infrastructure enhancements is typically restricted. This trend creates a difficult environment for market growth, as operators delay the adoption of new technologies to preserve liquidity. This contraction in local industrial spending is evident in recent market performance. According to the VDMA, in 2024, domestic business within the industrial valves sector declined by 1 percent. Such stagnation in key industrial regions highlights the prevailing financial sensitivity that impedes the widespread implementation of capital-intensive steam trap solutions.

Key Market Trends

Strategic Industry Consolidation Through Mergers and Collaborative Partnerships is reshaping the competitive landscape as major manufacturers seek to integrate complementary technologies for holistic thermal management. Leading market players are actively pursuing investment opportunities that extend their capabilities beyond traditional steam trap components into broader steam generation and electrification solutions, allowing them to offer hybrid systems that align with industrial decarbonization goals. This strategic shift towards acquiring distinct technological competencies is evident in recent corporate activities. For instance, according to Spirax Group, in August 2024, the company agreed to invest €4 million in Sustainable Process Heat GmbH to accelerate the commercialization of high-temperature heat pumps, directly expanding their portfolio of sustainable steam generation technologies through a targeted partnership.

The Rising Utilization of Steam Tracing Applications in Process Industries is expanding the market's scope as thermal solutions are increasingly deployed across a wider range of sectors beyond traditional petrochemicals. Operators in diverse fields such as food and beverage, pharmaceuticals, and chemical processing are adopting advanced heat tracing systems to ensure critical temperature maintenance and process fluidity, thereby reducing reliance on volatile oil and gas cycles. This diversification stabilizes demand for associated steam handling equipment and reflects a broader industrial dependence on precise thermal regulation. Highlighting this shift, according to Thermon Group Holdings, in May 2024, the company reported that revenue from non-oil and gas end markets comprised 68% of their total revenue, underscoring the growing significance of diversified process industries in the thermal solutions market.

Segmental Insights

The Thermodynamic segment is projected to register the fastest growth in the Global Steam Trap Market due to its exceptional durability and suitability for high-pressure applications. These components are increasingly utilized in the power generation and oil and gas sectors because they withstand superheated steam and vibration better than alternative designs. Additionally, their compact structure and resistance to freezing make them ideal for harsh operational environments. This rising demand is further supported by the industrial requirement for cost-effective maintenance and reliable performance in critical steam distribution systems.

Regional Insights

Asia Pacific commands the leading share of the Global Steam Trap Market, primarily due to extensive industrial expansion in major economies like China and India. As a central hub for global manufacturing, the region experiences sustained demand for effective steam management from critical sectors including power generation, pharmaceuticals, and oil and gas refining. Additionally, strict government mandates regarding energy efficiency require industrial facilities to minimize thermal loss, driving the adoption of reliable steam traps. This combination of robust infrastructural growth and regulatory compliance firmly establishes the region's market dominance.

Recent Developments

• In September 2025, Forbes Marshall unveiled a breakthrough product known as the Multi-Utility Process Trap (MuPT) at its R&D Innovation Center. This innovative solution was designed to address complex challenges in the pharmaceutical and chemical sectors, specifically for processes involving multiple utilities such as steam, condensate, and cooling water. The MuPT integrated these utilities into a single efficient system, aiming to optimize process efficiency, improve reliability, and lower operational costs. Early installations of the technology demonstrated significant benefits, including a 5% reduction in steam consumption and a 50% reduction in start-up time, alongside consistent process temperature control and enhanced condensate recovery.
• In July 2025, TLV Corporation introduced several new products to its steam trap portfolio, including the LV6D clean steam trap and the JLH15 large capacity float steam trap. The LV6D was designed specifically for pharmaceutical and food processing applications, featuring a compact thermostatic design and a C2 type X-element that delivered high discharge capacity for clean and pure steam systems. Simultaneously, the company released the JLH15, a durable cast steel float steam trap engineered for high-pressure applications requiring the continuous discharge of large quantities of condensate. These launches expanded the company’s ability to support diverse industrial requirements, from sanitary processes to heavy-duty steam operations.
• In October 2024, Yokogawa Electric Corporation announced the launch of a new wireless steam trap monitoring device as part of its Sushi Sensor lineup within the OpreX Asset Management and Integrity family. This product was developed in collaboration with Armstrong International, a thermal utility engineering firm, to address the need for cost-effective and automated monitoring systems. The device featured a high-quality temperature sensor and an acoustic sensor capable of detecting the status of steam traps in environments with steam temperatures up to 440°C. By facilitating the timely detection of failures, the solution aimed to significantly reduce energy losses and improve the maintenance of steam distribution pipes and heat exchangers.
• In February 2024, Spirax-Sarco Engineering announced its decision to rebrand as Spirax Group to reflect its evolution into a larger organization comprising three aligned businesses. This strategic transformation included Steam Thermal Solutions, formerly known as Steam Specialties, which continued to focus on managing and controlling steam in mission-critical industrial applications. The company highlighted that this change would better distinguish the overarching group from its trading division while supporting its purpose to engineer a more efficient and sustainable world. The announcement also emphasized the company's commitment to delivering new decarbonization solutions that utilize proprietary technologies for the electrification of boilers and other industrial process heating applications.

Key Market Players

• Spirax-Sarco Engineering PLC
• Pentair PLC
• The Weir Group PLC
• Flowserve Corporation
• Circor International, Inc.
• Emerson Electric Co.
• Schlumberger N.V.
• Thermax Limited
• Velan Inc.
• Watts Water Technologies, Inc.

By Product	By Application	By Body Material	By Industry	By Region
Thermodynamic Mechanical & Thermostatic	Drip Application Process Application & Tracing Application	Steel Iron & Others	Chemicals Energy and Power Food & Beverages Oil & Gas Pharmaceuticals Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Steam Trap Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Steam Trap Market, By Product:

• Thermodynamic
• Mechanical & Thermostatic

• Steam Trap Market, By Application:

• Drip Application
• Process Application & Tracing Application

• Steam Trap Market, By Body Material:

• Steel
• Iron & Others

• Steam Trap Market, By Industry:

• Chemicals
• Energy and Power
• Food & Beverages
• Oil & Gas
• Pharmaceuticals
• Others

• Steam Trap Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE