Report Description

Global steam trap market is expected to grow at a steady CAGR during the forecast period. The global steam trap market is driven by rising demand for energy management solutions. Moreover, initiatives taken by the regulatory bodies in order to minimize carbon footprint is positively impacting the growth of market during the forecast period. Mounting the use of renewable sources of energy coupled with technological advancements is expected to bolster the growth of market over the next few years.

The global steam trap market is segmented based on product, application, body material, industry, company, and region. Based on product, the market can be categorized into thermodynamic, mechanical & thermostatic. Out of which, the mechanical steam trap segment dominated the market until 2021 and is expected to maintain its dominance in the market during the forecast period on account of its high rate of heat transfer. By body material, the global steam trap market is expected to be dominated by steel body material during the forecast period as it allows flexibility in the selection of the right trap to meet the specific needs of end-use applications.

The major players operating in the steam trap market are 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. and others.

Objective of the Study:

  • To analyze and estimate the market size of global steam trap market from 2017 to 2020.
  • To estimate and forecast the market size of global steam trap market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast global steam trap market based on product, application, body material, industry, company and regional distribution.
  • To identify dominant region or segment in the global steam trap market.
  • To identify drivers and challenges for global steam trap market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global steam trap market.
  • To conduct pricing analysis for global steam trap market.
  • To identify and analyze the profile of leading players operating in global steam trap market.
  • To identify key sustainable strategies adopted by market players in global steam trap market. 


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global steam trap market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research. 

Key Target Audience:

  • Steam trap manufacturers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to steam trap

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product

·         Application

·         Body Material

·         Industry

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt

Key Companies Profiled

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.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global steam trap market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Steam Trap Market, By Product:
    • Thermodynamic
    • Mechanical
    • Thermostatic
  • Global Steam Trap Market, By Application:
    • Drip Application
    • Process Application
    • Tracing Application
  • Global Steam Trap Market, By Body Material
    • Steel
    • Iron
    • Others
  • Global Steam Trap Market, By Industry:
    • Chemicals
    • Energy and Power
    • Food & Beverages
    • Oil & Gas
    • Pharmaceuticals
    • Others
  • Global Steam Trap Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global steam trap market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global steam trap market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID_ 19 on Global Steam Trap Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Steam Trap Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product (Thermodynamic, Mechanical & Thermostatic)

6.2.2.     By Application (Drip Application, Process Application & Tracing Application)

6.2.3.     By Body Material (Steel, Iron & Others)

6.2.4.     By Industry (Chemicals, Energy and Power, Food & Beverages, Oil & Gas, Pharmaceuticals, Others)

6.2.5.     By Company (2021)

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Steam Trap Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Application

7.2.3.     By Body Material

7.2.4.     By Industry

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Steam Trap Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product

7.3.1.2.2.             By Application

7.3.1.2.3.             By Body Material

7.3.1.2.4.             By Industry

7.3.2.     India Steam Trap Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product

7.3.2.2.2.             By Application

7.3.2.2.3.             By Body Material

7.3.2.2.4.             By Industry

7.3.3.     Australia Steam Trap Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product

7.3.3.2.2.             By Application

7.3.3.2.3.             By Body Material

7.3.3.2.4.             By Industry

7.3.4.     Japan Steam Trap Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product

7.3.4.2.2.             By Application

7.3.4.2.3.             By Body Material

7.3.4.2.4.             By Industry

7.3.5.     South Korea Steam Trap Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product

7.3.5.2.2.             By Application

7.3.5.2.3.             By Body Material

7.3.5.2.4.             By Industry

8.    Europe Steam Trap Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Application

8.2.3.     By Body Material

8.2.4.     By Industry

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Steam Trap Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product

8.3.1.2.2.             By Application

8.3.1.2.3.             By Body Material

8.3.1.2.4.             By Industry

8.3.2.     Germany Steam Trap Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product

8.3.2.2.2.             By Application

8.3.2.2.3.             By Body Material

8.3.2.2.4.             By Industry

8.3.3.     United Kingdom Steam Trap Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product

8.3.3.2.2.             By Application

8.3.3.2.3.             By Body Material

8.3.3.2.4.             By End Use

8.3.4.     Italy Steam Trap Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product

8.3.4.2.2.             By Application

8.3.4.2.3.             By Body Material

8.3.4.2.4.             By Industry

8.3.5.     Spain Steam Trap Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product

8.3.5.2.2.             By Application

8.3.5.2.3.             By Body Material

8.3.5.2.4.             By Industry

9.    North America Steam Trap Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product

9.2.2.     By Application

9.2.3.     By Body Material

9.2.4.     By Industry

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Steam Trap Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product

9.3.1.2.2.             By Application

9.3.1.2.3.             By Body Material

9.3.1.2.4.             By Industry

9.3.2.     Mexico Steam Trap Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product

9.3.2.2.2.             By Application

9.3.2.2.3.             By Body Material

9.3.2.2.4.             By Industry

9.3.3.     Canada Steam Trap Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product

9.3.3.2.2.             By Application

9.3.3.2.3.             By Body Material

9.3.3.2.4.             By Industry

10.  South America Steam Trap Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product

10.2.2.  By Application

10.2.3.  By Body Material

10.2.4.  By Industry

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Steam Trap Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product

10.3.1.2.2.           By Application

10.3.1.2.3.           By Body Material

10.3.1.2.4.           By Industry

10.3.2.  Argentina Steam Trap Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product

10.3.2.2.2.           By Application

10.3.2.2.3.           By Body Material

10.3.2.2.4.           By Industry

10.3.3.  Colombia Steam Trap Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product

10.3.3.2.2.           By Application

10.3.3.2.3.           By Body Material

10.3.3.2.4.           By End Use

11.  Middle East and Africa Steam Trap Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Product

11.2.2.  By Application

11.2.3.  By Body Material

11.2.4.  By Industry

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Steam Trap Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Product

11.3.1.2.2.           By Application

11.3.1.2.3.           By Body Material

11.3.1.2.4.           By Industry

11.3.2.  Saudi Arabia Steam Trap Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Product

11.3.2.2.2.           By Application

11.3.2.2.3.           By Body Material

11.3.2.2.4.           By Industry

11.3.3.  UAE Steam Trap Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Product

11.3.3.2.2.           By Application

11.3.3.2.3.           By Body Material

11.3.3.2.4.           By Industry

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Spirax-Sarco Engineering PLC

14.2.              Pentair PLC

14.3.              The Weir Group PLC

14.4.              Flowserve Corporation

14.5.              Circor International, Inc.

14.6.              Emerson Electric Co.

14.7.              Schlumberger N.V.

14.8.              Thermax Limited

14.9.              Velan Inc.

14.10.            Watts Water Technologies, Inc.

 15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing investments in developing power infrastructure and developing countries and the rise in efforts to reduce greenhouse emissions into the environment are driving the demand of the global steam trap market in the forecast period.

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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. are the major market players operating in the global steam trap market.

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The North America region is dominating the market and is expected to maintain its dominance throughout the forecast period due to the implementation of strict emission regulations and growing demand for energy-efficient systems in the region.

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Based on the product, the market is divided into thermodynamic, mechanical & thermostatic. The mechanical segment is expected to account for a significant market share in the forecast period as it can transfer heat at a higher rate than its other counterpart.

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