Global Steam Trap Market - Global Forecast To 2024
Steam Trap Market - Introduction
The steam trap market is estimated at USD XX Billion in 2019 and is projected to grow at a CAGR of XX% to reach USD XX Billion by 2024. This can be attributed to the growing sustainability concerns, stringent regulatory framework to reduce carbon footprint, and active adoption of steam traps by end-user industries to ramp up fuel savings.
Mechanical steam traps held the largest size of the steam trap market in 2019. Mechanical steam traps sense the difference in density between the condensate and the steam. These steam traps are well-suited for a wide range of process applications due to their capability of continuously discharging large volumes of condensate. Owing to the distinct features such as excellent air venting capabilities, minimal condensate backup, and continuous condensate discharge and robust design—of mechanical steam traps, this segment is expected to dominate the market during 2019–2024.
By application, the global steam trap market is dominated by tracing application. Tracing application is used for both typical (where condensate backup is preferable) and critical services (where condensate backup is not acceptable) in steam lines. This, this segment is expected to dominate the market.
The availability of steam traps in different body materials and piping configurations offers flexibility in the selection of the right trap to meet the specific needs of end-use applications. The market for steel body material is likely to grow at a high rate between 2019 and 2024, as steel is durable, as well as offers wide operating pressure ranges and numerous orifice sizes.
The research study titled “Sample - Global Steam Trap Market - Trend and Forecast to 2024” provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments including different types and components.
This report covers the present scenario and the growth prospects of Global Steam Trap Market. To calculate the market size, the report considers revenue generated from the worldwide sales of Steam Trap Market. The report also considers revenue generated from various modes of distribution of these products
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Our market research coverage provides detailed market size forecasts that incorporate the major economic, scientific, and technological developments in industrial, pharmaceutical, and high technology organizations. Industry analysis and market forecasts for advanced materials, high-tech systems and components, nanotechnology and novel processing methods are at the forefront of the company’s expertise.
We offer syndicated market research reports, customized market research reports, and consulting services. We have vast experience and track record of managing large scale and complex engagements and creating client delight. We leverage our access to best in class resources and technology to go beyond being a traditional service provider to a value added partner offering innovative and transformational solutions.
Steam Trap Market - Segmentation
This research report categorizes the global steam trap market by product, application, body material, end-user industry, and geography.
Steam Trap Market, by Product:
o Ball float• Thermostatic
o Inverted bucket
o Inverted bucket
o Balanced pressure
Steam Trap Market, by Application:
• Drip Application
• Process Application
• Tracing Application
Steam Trap Market, by Body Material:
Steam Trap Market, by End-User Industry:
• Energy and Power
• Food & Beverages
• Oil & Gas
Steam Trap Market, by Geography:
• North America
• Asia Pacific (APAC)
• Rest of the World (RoW)
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities Steam Trap Market, 2019–2024 (USD Billion)
4.2 Steam Trap, By Product
4.3 Steam Trap, By Application
4.4 Steam Trap, By Body Material
4.5 Steam Trap, By End-User Industry
4.6 Steam Trap, By Geography
5 Market Overview
5.2 Market Dynamics
6 Industry Trends
6.2 Value Chain Analysis
6.3 Wireless Steam Trap Monitoring
7 Steam Trap Market, By Product
8 Steam Trap Market, By Application
8.2 Tracing Application
8.3 Drip Application
8.4 Process Application
9 Steam Trap Market, By Body Material
10 Steam Trap Market, By End-User Industry
10.3 Energy and Power
10.4 Food & Beverages
10.5 Oil & Gas
11 Geographic Analysis
11.2 North America
12 Competitive Landscape
13 Company Profiles
(Business Overview, Products & Services, Financials, Key Developments)*
13.2 Spirax-Sarco Engineering PLC
13.3 Pentair PLC
13.4 The Weir Group PLC
13.5 Flowserve Corporation
13.6 Circor International, Inc.
13.7 Emerson Electric Co.
13.8 Schlumberger N.V.
13.9 Thermax Limited
13.10 Velan Inc.
13.11 Watts Water Technologies, Inc.
13.12 Key Innovator
13.12.1 Bestobell Steam Traps
13.12.2 Watson Mcdaniel Company
*Details Might Not Be Captured in Case of Unlisted Companies