Global Steam Traps Market 2016-2020
About Steam Traps
A steam trap is basically a kind of automatic valve that filters out condensed steam or condensate along with non-condensable gases like air without letting the steam escape. In industries, steam is regularly used for heating or as a driving force for mechanical power. Steam traps are used in industrial applications to ensure that the steam produced is not wasted.
Technavio’s analysts forecast the global steam traps market to grow at a CAGR of 4.8% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Steam Traps Market 2016-2020. To calculate the market size, the report considers the demand for steam traps from the end-user industries across the globe.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Steam Traps Market 2016-2020
Technavio recognizes the following companies as the key players in the global steam traps market: Armstrong, CIRCOR, Flowserve, Pentair, and Spirax Sarco.
Other Prominent Vendors in the market are: Aman Engineering Works, Beijing Convista Flow Control Equipment, Bestobell, D-KTC, Forbes Marshall, GESTRA, Mahavas Precision Controls, Miyawaki, Thermax, TLV, Velan, Watson McDaniel, and Yoshitake.
Commenting on the report, an analyst from Technavio’s team said: “One trend spurring growth in this market is the preference for real-time automated steam trap monitoring. For proper and efficient functioning of any steam trap, designers and manufacturers are constantly attempting to incorporate technological advances that will help in rectifying any problem with the normal operation of the trap and result in maximum efficiency. One of the technological advances in the steam trap system that will impact the market is the introduction of real-time monitoring of the steam trap, which will be automatic in nature.”
According to the report, one driver fostering growth in this market is the introduction of mandatory steam trap tests that enable optimized performance. In opposition to what individuals believe, steam is still a standout amongst the most productive and helpful methods for giving high-quality heat energy; in any case, if the systems are not kept up legitimately they can become inefficient, wasteful, and perilous. Traps should be examined appropriately and frequently to obtain the greatest effectiveness from the system.
Further, the report states that back pressure will affect steam trap performance and will be a major challenge for this market. The back pressure in a steam trap is defined as the pressure that develops in the downstream part of any steam trap. It is also known as the secondary or outlet pressure of the trap. The difference between the trap’s inlet and outlet pressures is termed as the differential pressure. The back pressure inside the steam trap not only influences its condensate discharge capacity, but also affects the efficient operation of the trap.
Armstrong, CIRCOR, Flowserve, Pentair, Spirax Sarco, Aman Engineering Works, Beijing Convista Flow Control Equipment, Bestobell, D-KTC, Forbes Marshall, GESTRA, Mahavas Precision Controls, Miyawaki, Thermax, TLV, Velan, Watson McDaniel, Yoshitake.