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Steam Trap-Global Market Insights and Sales Trends 2025

Steam Trap-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1861234

No of Pages : 100

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Synopsis

A steam trap is an automatic valve that allows condensate, air and other non-condensable gases to be discharged from the steam system while holding or trapping the steam in the system. In industry, steam is used regularly for heating or as a driving force for mechanical power. Steam Traps are used in such applications to ensure that steam is not wasted.

The global Steam Trap market size is expected to reach US$ 1095.1 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Steam Trap in various end use industries. The expanding demands from the Drip Application, Process Application and Tracing Application,, are propelling Steam Trap market. Thermodynamic, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mechanical segment is estimated at % CAGR for the next seven-year period.

Spirax Sarco, Armstrong, TLV, Velan, Emerson, ARI and Forbes Marshall are the key players of Steam Traps. Spirax Sarco is the leader of this industry by 31% market shares.

Report Objectives

This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Steam Trap, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Steam Trap market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Steam Trap market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Steam Trap sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Steam Trap covered in this report include Spirax-Sarco Engineering, Pentair, The Weir Group, Flowserve, Circor, Emerson Electric, Schlumberger, Thermax and Velan, etc.

The global Steam Trap market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

  • Spirax-Sarco Engineering
  • Pentair
  • The Weir Group
  • Flowserve
  • Circor
  • Emerson Electric
  • Schlumberger
  • Thermax
  • Velan
  • Watts Water Technologies

Global Steam Trap market, by region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, etc.)
  • Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
  • South America (Brazil, etc.)
  • Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Steam Trap market, Segment by Type:

  • Thermodynamic
  • Mechanical
  • Thermostatic

Global Steam Trap market, by Application:

  • Drip Application
  • Process Application
  • Tracing Application

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Steam Trap manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Steam Trap in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.

Index

1 Steam Trap Market Overview
1.1 Steam Trap Product Overview
1.2 Steam Trap Market Segment by Type
1.2.1 Thermodynamic
1.2.2 Mechanical
1.2.3 Thermostatic
1.3 Global Steam Trap Market Size by Type
1.3.1 Global Steam Trap Market Size Overview by Type (2018-2029)
1.3.2 Global Steam Trap Historic Market Size Review by Type (2018-2023)
1.3.3 Global Steam Trap Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Steam Trap Sales Breakdown by Type (2018-2023)
1.4.2 Europe Steam Trap Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Steam Trap Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Steam Trap Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Steam Trap Sales Breakdown by Type (2018-2023)
2 Global Steam Trap Market Competition by Company
2.1 Global Top Players by Steam Trap Sales (2018-2023)
2.2 Global Top Players by Steam Trap Revenue (2018-2023)
2.3 Global Top Players by Steam Trap Price (2018-2023)
2.4 Global Top Manufacturers Steam Trap Manufacturing Base Distribution, Sales Area, Product Type
2.5 Steam Trap Market Competitive Situation and Trends
2.5.1 Steam Trap Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Steam Trap Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Steam Trap as of 2022)
2.7 Date of Key Manufacturers Enter into Steam Trap Market
2.8 Key Manufacturers Steam Trap Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Steam Trap Status and Outlook by Region
3.1 Global Steam Trap Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Steam Trap Historic Market Size by Region
3.2.1 Global Steam Trap Sales in Volume by Region (2018-2023)
3.2.2 Global Steam Trap Sales in Value by Region (2018-2023)
3.2.3 Global Steam Trap Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Steam Trap Forecasted Market Size by Region
3.3.1 Global Steam Trap Sales in Volume by Region (2024-2029)
3.3.2 Global Steam Trap Sales in Value by Region (2024-2029)
3.3.3 Global Steam Trap Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Steam Trap by Application
4.1 Steam Trap Market Segment by Application
4.1.1 Drip Application
4.1.2 Process Application
4.1.3 Tracing Application
4.2 Global Steam Trap Market Size by Application
4.2.1 Global Steam Trap Market Size Overview by Application (2018-2029)
4.2.2 Global Steam Trap Historic Market Size Review by Application (2018-2023)
4.2.3 Global Steam Trap Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Steam Trap Sales Breakdown by Application (2018-2023)
4.3.2 Europe Steam Trap Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Steam Trap Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Steam Trap Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Steam Trap Sales Breakdown by Application (2018-2023)
5 North America Steam Trap by Country
5.1 North America Steam Trap Historic Market Size by Country
5.1.1 North America Steam Trap Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Steam Trap Sales in Volume by Country (2018-2023)
5.1.3 North America Steam Trap Sales in Value by Country (2018-2023)
5.2 North America Steam Trap Forecasted Market Size by Country
5.2.1 North America Steam Trap Sales in Volume by Country (2024-2029)
5.2.2 North America Steam Trap Sales in Value by Country (2024-2029)
6 Europe Steam Trap by Country
6.1 Europe Steam Trap Historic Market Size by Country
6.1.1 Europe Steam Trap Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Steam Trap Sales in Volume by Country (2018-2023)
6.1.3 Europe Steam Trap Sales in Value by Country (2018-2023)
6.2 Europe Steam Trap Forecasted Market Size by Country
6.2.1 Europe Steam Trap Sales in Volume by Country (2024-2029)
6.2.2 Europe Steam Trap Sales in Value by Country (2024-2029)
7 Asia-Pacific Steam Trap by Region
7.1 Asia-Pacific Steam Trap Historic Market Size by Region
7.1.1 Asia-Pacific Steam Trap Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Steam Trap Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Steam Trap Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Steam Trap Forecasted Market Size by Region
7.2.1 Asia-Pacific Steam Trap Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Steam Trap Sales in Value by Region (2024-2029)
8 Latin America Steam Trap by Country
8.1 Latin America Steam Trap Historic Market Size by Country
8.1.1 Latin America Steam Trap Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Steam Trap Sales in Volume by Country (2018-2023)
8.1.3 Latin America Steam Trap Sales in Value by Country (2018-2023)
8.2 Latin America Steam Trap Forecasted Market Size by Country
8.2.1 Latin America Steam Trap Sales in Volume by Country (2024-2029)
8.2.2 Latin America Steam Trap Sales in Value by Country (2024-2029)
9 Middle East and Africa Steam Trap by Country
9.1 Middle East and Africa Steam Trap Historic Market Size by Country
9.1.1 Middle East and Africa Steam Trap Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Steam Trap Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Steam Trap Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Steam Trap Forecasted Market Size by Country
9.2.1 Middle East and Africa Steam Trap Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Steam Trap Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Spirax-Sarco Engineering
10.1.1 Spirax-Sarco Engineering Company Information
10.1.2 Spirax-Sarco Engineering Introduction and Business Overview
10.1.3 Spirax-Sarco Engineering Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Spirax-Sarco Engineering Steam Trap Products Offered
10.1.5 Spirax-Sarco Engineering Recent Development
10.2 Pentair
10.2.1 Pentair Company Information
10.2.2 Pentair Introduction and Business Overview
10.2.3 Pentair Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Pentair Steam Trap Products Offered
10.2.5 Pentair Recent Development
10.3 The Weir Group
10.3.1 The Weir Group Company Information
10.3.2 The Weir Group Introduction and Business Overview
10.3.3 The Weir Group Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.3.4 The Weir Group Steam Trap Products Offered
10.3.5 The Weir Group Recent Development
10.4 Flowserve
10.4.1 Flowserve Company Information
10.4.2 Flowserve Introduction and Business Overview
10.4.3 Flowserve Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Flowserve Steam Trap Products Offered
10.4.5 Flowserve Recent Development
10.5 Circor
10.5.1 Circor Company Information
10.5.2 Circor Introduction and Business Overview
10.5.3 Circor Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Circor Steam Trap Products Offered
10.5.5 Circor Recent Development
10.6 Emerson Electric
10.6.1 Emerson Electric Company Information
10.6.2 Emerson Electric Introduction and Business Overview
10.6.3 Emerson Electric Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Emerson Electric Steam Trap Products Offered
10.6.5 Emerson Electric Recent Development
10.7 Schlumberger
10.7.1 Schlumberger Company Information
10.7.2 Schlumberger Introduction and Business Overview
10.7.3 Schlumberger Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Schlumberger Steam Trap Products Offered
10.7.5 Schlumberger Recent Development
10.8 Thermax
10.8.1 Thermax Company Information
10.8.2 Thermax Introduction and Business Overview
10.8.3 Thermax Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Thermax Steam Trap Products Offered
10.8.5 Thermax Recent Development
10.9 Velan
10.9.1 Velan Company Information
10.9.2 Velan Introduction and Business Overview
10.9.3 Velan Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Velan Steam Trap Products Offered
10.9.5 Velan Recent Development
10.10 Watts Water Technologies
10.10.1 Watts Water Technologies Company Information
10.10.2 Watts Water Technologies Introduction and Business Overview
10.10.3 Watts Water Technologies Steam Trap Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Watts Water Technologies Steam Trap Products Offered
10.10.5 Watts Water Technologies Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Steam Trap Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Steam Trap Industrial Chain Analysis
11.4 Steam Trap Market Dynamics
11.4.1 Steam Trap Industry Trends
11.4.2 Steam Trap Market Drivers
11.4.3 Steam Trap Market Challenges
11.4.4 Steam Trap Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Steam Trap Distributors
12.3 Steam Trap Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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