Steam Trap Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2022-2027

Author: Elena Anderson, Marketing Manager |

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Global Steam Trap Market Research Report:

The latest report by IMARC, titled “ Steam Trap Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” finds that the global steam trap market is expected to exhibit a CAGR of 4.4% during the forecast period ( ). A steam trap is an automatic valve that filters condensate and non-condensable gases, such as air, without letting the steam escape. It acts as a drain valve and separates the condensable gases from the steam system to generate latent heat and transfer it to the desired product. It allows the movement of cooler gases through the system and retains the warmer steam for further utilization. It also aids in minimizing the wastage of steam and carbon dioxide (CO2) emissions into the environment. Owing to these properties, steam traps find extensive applications in industrial storage tanks, steamers, pressure reducing valve stations, heat exchangers and reboilers.

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Global Steam Trap Market Trends :

The market is primarily driven by the rising automation in the oil and gas industry. At present, steam traps are widely used for steam-assisted gravity-drainage processes in the oilfields. They are also employed for the decoking processes in the oil and gas refineries to separate a small amount of steam from the hydrogen present in coke. In addition, the introduction of advanced product variants represents another major growth-inducing factor. Nowadays, manufacturers are developing steam traps with crevice-free designs using stainless steel to prevent the accumulation of condensates, boiler additives and rust that can cause infections. Besides this, with the implementation of the stringent regulatory framework to reduce the carbon footprint, various end use industries are adopting steam traps to cut down their fuel costs. This, coupled with various technological advancements, such as the development of steam traps integrated with innovative monitoring systems that transmit the readings to a dedicated platform to provide meaningful insights about the system, is creating a positive market outlook across the globe.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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Market Summary:

Breakup by Product Type:

• Thermodynamic

• Mechanical

• Thermostatic

Breakup by Application:

• Instrument Steam Tracing

• Line Steam Tracing

• Drip Application

• Process Application

• Others

Breakup by Material Type:

• Steel

• Iron

• Others

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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

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• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

Competitive Landscape with Key Players:

Emerson Electric Co.

Flowserve Corporation

Pentair Inc.

Schlumberger Limited

Spirax-Sarco Engineering

Thermax Ltd.

Velan Inc.

Watts Water Technologies Inc.

• The Weir Group PLC

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