Steam Trap Market

The global steam trap market is currently witnessing stable growth. A steam trap is a mechanical valve that is used to discharge condensates and non-condensates, such as air and carbon dioxide, from steam lines. Mechanical, thermostatic and thermodynamic traps are the most common types of steam traps available in the market. They are commonly used in bulk storage tanks, pressure reducing valve stations, steamers, heat exchangers and reboilers. They also act as a separation point between the condensates and the steam system to create latent heat and transfer it to a specific product. Owing to this, stream traps find extensive application across various industries, including oil and gas, power generation, chemicals, pharmaceuticals, pulp and paper, and food and beverages. 

Growing industrialization is one of the key factors driving the growth of the market. Stream traps are highly durable, light in weight and have a long shelf life. Owing to this, they are widely adopted for sterilization and enhancing the efficiency of various industrial processes. Furthermore, the increasing oil and gas exploratory activities across the globe are also providing a boost to the market growth. Additionally, various technological advancements, including the development of wireless monitoring systems, are acting as another growth-inducing factor. Advanced steam traps are equipped with thermocouple sensors to take temperature readings at periodic intervals and transmit the signals to an interface for the user to remotely access it. Other factors, including the implementation of favorable government policies promoting the sustainable utilization of energy resources and extensive research and development (R&D) activities, along with the rising trend of automation in the oil and gas industry, are projected to drive the market further. Looking forward, IMARC Group expects the market to register a CAGR of 3.5% during 2020-2025.

Breakup by Product Type:

• Thermodynamic
• Mechanical
• Thermostatic
   

Breakup by Application:

• Instrument Steam Tracing
• Line Steam Tracing
• Drip Application
• Process Application
• Ohers
   

Breakup by Material Type:

• Steel
• Iron
• Others
   

Breakup by Distribution Channel:

• Online
• Offline

Breakup by End-Use Industry:

• Oil & Gas
• Power Generation
• Pharmaceuticals
• Food & Beverages
• Pulp & Paper
• Chemical
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Circor International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Inc., Schlumberger Limited, Spirax-Sarco Engineering, Thermax Ltd., Velan Inc., Watts Water Technologies Inc., The Weir Group PLC, etc.

Key Questions Answered in This Report:

• How has the global steam trap market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the material type?
• What is the breakup of the market based on the distribution channel?
• What is the breakup of the market based on the end-use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global steam trap market and who are the key players?
• What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Steam Trap Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Forecast
6    Market Breakup by Product Type 
    6.1    Thermodynamic
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Mechanical
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Thermostatic
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Instrument Steam Tracing
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Line Steam Tracing
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Drip Application
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Process Application
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Material Type
    8.1    Steel
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Iron
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Online
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Offline
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End-Use Industry
    10.1    Oil & Gas
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Power Generation
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Pharmaceuticals
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Food & Beverages
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Pulp & Paper
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Chemical
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Indicators
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Circor International Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financials 
           16.3.1.4 SWOT Analysis
        16.3.2    Emerson Electric Co.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials 
           16.3.2.4 SWOT Analysis
        16.3.3    Flowserve Corporation
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 Financials 
           16.3.3.4 SWOT Analysis
        16.3.4    Pentair Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    Schlumberger Limited
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
           16.3.5.3 Financials 
           16.3.5.4 SWOT Analysis
        16.3.6    Spirax-Sarco Engineering
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials 
           16.3.6.4 SWOT Analysis
        16.3.7    Thermax Ltd.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
           16.3.7.3 Financials 
        16.3.8    Velan Inc.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials 
           16.3.8.4 SWOT Analysis
        16.3.9    Watts Water Technologies Inc.
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 Financials 
        16.3.10    The Weir Group PLC
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
           16.3.10.3 Financials 
 
List of Figures

Figure 1: Global: Steam Trap Market: Major Drivers and Challenges
Figure 2: Global: Steam Trap Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Steam Trap Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Steam Trap Market: Breakup by Application (in %), 2019
Figure 5: Global: Steam Trap Market: Breakup by Material Type (in %), 2019
Figure 6: Global: Steam Trap Market: Breakup by Distribution Channel (in %), 2019
Figure 7: Global: Steam Trap Market: Breakup by End-Use Industry (in %), 2019
Figure 8: Global: Steam Trap Market: Breakup by Region (in %), 2019
Figure 9: Global: Steam Trap Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 10: Global: Steam Trap (Thermodynamic) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Steam Trap (Thermodynamic) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Steam Trap (Mechanical) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Steam Trap (Mechanical) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Steam Trap (Thermostatic) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Steam Trap (Thermostatic) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Steam Trap (Instrument Steam Tracing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Steam Trap (Instrument Steam Tracing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Steam Trap (Line Steam Tracing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Steam Trap (Line Steam Tracing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Steam Trap (Drip Application) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Steam Trap (Drip Application) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Steam Trap (Process Application) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Steam Trap (Process Application) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Steam Trap (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Steam Trap (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Steam Trap (Steel) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Steam Trap (Steel) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Steam Trap (Iron) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Steam Trap (Iron) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Steam Trap (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Steam Trap (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Steam Trap (Online) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Steam Trap (Online) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Steam Trap (Offline) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Steam Trap (Offline) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Steam Trap (Oil & Gas) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Steam Trap (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Steam Trap (Power Generation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Steam Trap (Power Generation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Steam Trap (Pharmaceuticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Steam Trap (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Global: Steam Trap (Food & Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Global: Steam Trap (Food & Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Global: Steam Trap (Pulp & Paper) Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Global: Steam Trap (Pulp & Paper) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Global: Steam Trap (Chemical) Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Global: Steam Trap (Chemical) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Global: Steam Trap (Other Industries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Global: Steam Trap (Other Industries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: North America: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: North America: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: United States: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: United States: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Canada: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Canada: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Asia Pacific: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Asia Pacific: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: China: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: China: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Japan: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Japan: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: India: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: India: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: South Korea: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: South Korea: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Australia: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Australia: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Indonesia: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Indonesia: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Others: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Others: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Europe: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Europe: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Germany: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Germany: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: France: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: France: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: United Kingdom: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: United Kingdom: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Italy: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Italy: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Spain: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Spain: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Russia: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Russia: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Others: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Others: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Latin America: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Latin America: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Brazil: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Brazil: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 92: Mexico: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 93: Mexico: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Others: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Others: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Middle East and Africa: Steam Trap Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Middle East and Africa: Steam Trap Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Global: Steam Trap Industry: SWOT Analysis
Figure 99: Global: Steam Trap Industry: Value Chain Analysis
Figure 100: Global: Steam Trap Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Steam Trap Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Steam Trap Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Steam Trap Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Steam Trap Market Forecast: Breakup by Material Type (in Million US$), 2020-2025
Table 5: Global: Steam Trap Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 6: Global: Steam Trap Market Forecast: Breakup by End-Use Industry (in Million US$), 2020-2025
Table 7: Global: Steam Trap Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Steam Trap Market Structure
Table 9: Global: Steam Trap Market: Key Players