Global Steam Traps Market 2018-2022

Global Steam Traps Market 2018-2022

About this market

The demand for power is increasing constantly across the world. The increasing population worldwide and growth in the global economy are expected to drive this demand. The demand for clean energy is attributable to the population expansion. the increase in energy demand. and stringent emission norms. Although renewable sources and nuclear power contribute to energy production. a significant proportion of global energy demand is met by fossil fuels. To sustain the growth of the global economy and meet environmental regulations. technology such as heat recovery steam generator is an absolute necessity. Heat recovery steam generators enable efficient power production by utilizing exhaust gases. increasing the overall electricity output of the plant without any extra costs. Technavio’s analysts have predicted that the steam traps market will register a CAGR of 4% by 2022.

Market Overview

Development of GTCC and IGCC technologies

GTCC and IGCC incorporate the use of HRSG technology, which helps in increasing the efficiency of the process with less water consumption. Hence, with the development and popularity of these technologies, Technavio expects that the market for steam traps will grow during the forecast period.

Growth of the renewable energy sector

The growth of the renewable energy sector, especially the solar energy and wind energy sectors, is a major challenge faced by the global steam traps market. There has been a rise in the demand for electricity generation over the last few years, due to the growth in population, urbanization, and industrialization.

For the detailed list of factors that will drive and challenge the growth of the steam traps market during the 2018-2022, view our report.

Competitive Landscape

The steam traps market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Steam Traps Market 2018-2022

Technavio recognizes the following companies as the key players in the global steam traps market: Armstrong International, CIRCOR International, Emerson Electric, Spirax-Sarco Engineering, Thermax Global, TLV.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the computerized steam trap station management program.”

According to the report, one of the major drivers for this market is the emerging heat recovery steam generator technology for power generation.

Further, the report states that one of the major factors hindering the growth of this market is the growth of the renewable energy sector, especially the solar energy and wind energy sectors, is a major challenge faced by the global steam traps market.

Companies Mentioned

Armstrong International

CIRCOR International

Emerson Electric

Spirax-Sarco Engineering

Thermax Global

and TLV

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global industrial valves and actuators market: Segmentation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global steam traps market - Market size and forecast 2017-2022 ($ mn)
      • Table Global steam traps market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Petroleum - Market size and forecast 2017-2022
      • Table Petroleum - Market size and forecast 2017-2022 ($ mn)
      • Table Petroleum - Year-over-year growth 2018-2022 (%)
    • Thermal power - Market size and forecast 2017- 2022
      • Table Thermal power - Market size and forecast 2017-2022 ($ mn)
      • Table Thermal power - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global steam traps market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Renewable electricity capacity growth by technology (GW)
      • Table Renewable capacity growth by country/region (GW)
  • Market trends
    • Development of IoT sensor technology for steam traps
    • Computerized steam trap station management program
    • Universal type steam traps
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Armstrong International
      • Table Vendor overview
      • Table Armstrong International - Key offerings
    • CIRCOR International
      • Table Vendor overview
      • Table CIRCOR International - Business segments
      • Table CIRCOR International - Organizational developments
      • Table CIRCOR International - Geographic focus
      • Table CIRCOR International - Segment focus
      • Table CIRCOR International - Key offerings
    • Emerson Electric
      • Table Vendor overview
      • Table Emerson Electric - Business segments
      • Table Emerson Electric - Organizational developments
      • Table Emerson Electric - Geographic focus
      • Table Emerson Electric - Segment focus
      • Table Emerson Electric - Key offerings
    • Spirax-Sarco Engineering
      • Table Vendor overview
      • Table Spirax-Sarco Engineering - Business segments
      • Table Spirax-Sarco Engineering - Organizational developments
      • Table Spirax-Sarco Engineering - Geographic focus
      • Table Spirax-Sarco Engineering - Segment focus
      • Table Spirax-Sarco Engineering - Key offerings
    • Thermax Global
      • Table Vendor overview
      • Table Thermax Global - Business segments
      • Table Thermax Global - Organizational developments
      • Table Thermax Global - Segment focus
      • Table Thermax Global - Key offerings
    • TLV
      • Table Vendor overview
      • Table TLV - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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