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Steam Trap Market by Product (Thermodynamic, Mechanical, Thermostatic), Application (Drip Application, Process Application, Tracing Application), Body Material (Steel, Iron), End-user Industry, and Geography - Global Forecast to 2022

Steam Trap Market by Product (Thermodynamic, Mechanical, Thermostatic), Application (Drip Application, Process Application, Tracing Application), Body Material (Steel, Iron), End-user Industry, and Geography - Global Forecast to 2022

“Steam trap market to exhibit significant growth between 2017 and 2022”
The steam trap market is estimated at USD 3.34 billion in 2017 and is projected to grow at a CAGR of 4.2% to reach USD 4.11 billion by 2022. This can be attributed to the growing sustainability concerns, stringent regulatory framework to reduce carbon footprint, and the active adoption of steam traps by end-user industries to ramp up fuel savings.

“Mechanical steam traps held the largest share of the steam trap market”
Mechanical steam traps held the largest size of the steam trap market in 2017. Mechanical steam traps sense the difference in density between the condensate and the steam. These steam traps are well-suited for a wide range of process applications due to their capability of continuously discharging large volumes of condensate. Owing to the distinct features—such as excellent air venting capabilities, minimal condensate backup, and continuous condensate discharge and robust design—of mechanical steam traps, the mechanical steam trap segment is expected to dominate the market during the forecast period between 2017 and 2022.

“Tracing application to lead the steam trap market”
Tracing application will likely lead the steam trap market between 2017 and 2022. Tracing application of steam trap refers to the utilization of steam to indirectly raise the temperature of a process or product. This is achieved by using some type of jacketing device or tubing filled with steam. Typical steam tracing application utilizes copper or stainless steel tubing. This tubing is filled with steam and wrapped or coiled around the outside of a tank or pipe containing material for heating. The steam present in the tubing transfers its heat energy to the material in the pipe or tank. This prevents the material from freezing or losing its viscosity, thereby facilitating material flow.

“Steam trap market for food & beverages to grow at the highest rate between 2017 and 2022”
The market for the food & beverages end-user industry is estimated to register the highest CAGR between 2017 and 2022. Owing to favorable legislative policies and strict regulations mandating environmental friendly manufacturing operations, and increasing investments by manufacturing companies to enhance product quality to meet the changing consumer preferences, there is likely to be increased demand for steam traps during the forecast period.

“APAC to be the fastest-growing market for steam traps during the forecast period”
APAC is expected to be the fastest-growing market for steam traps during the forecast period. China, Japan, and India are a few major countries contributing toward the growth of the steam trap market in APAC. This is attributed to the active adoption of steam traps in end-user industries such as chemicals, energy and power, and food & beverages during the forecast period. Increasing infrastructural investments in energy and power, favorable government policies to boost manufacturing efficiency, and rapid industrialization are anticipated to propel the demand for steam traps during the forecast period.

Breakdown of the profiles of the primary participants in the report has been given below:
• By Company Type: Tier 1 – 38%, Tier 2 – 35%, and Tier 3 – 27%
• By Designation: C–Level Executives – 72% and Directors – 28%
• By Region: North America – 31%, Europe – 29%, APAC – 26%, and RoW – 14%
Key players operating in the steam trap market include CIRCOR International, Inc. (US), Emerson Electric Co. (US), Flowserve Corporation (US), Pentair plc (US), Schlumberger N.V. (US), Spirax-Sarco Engineering plc (UK), Thermax Limited (India), The Weir Group PLC (U.K.), Velan Inc. (Canada), and Watts Water Technologies, Inc. (US).

Research Coverage:
The steam trap market research report covers different segments—product, application, body material, end-user industry, and geography. The market is further segmented by product subtype into (1) Mechanical – Ball float and Inverted bucket; and (2) Thermostatic – Balanced pressure and Bimetallic.
The report covers four major geographies — North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentation; analysis; and forecast of the market by product, application, body material, end-user industry, and geography give an overall view of the steam trap market.
Value chain analysis to provide in-depth insights into the steam trap market.
Major drivers, restraints, opportunities, and challenges for the steam trap market.
Detailed competitive landscape, along with the key players, in-depth analysis, and revenue of the key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKET SEGMENTATION
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY AND PRICING
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • VALUE CHAIN ANALYSIS - INDUSTRIAL AUTOMATION
      • SECONDARY DATA
        • Table LIST OF MAJOR SECONDARY SOURCES
      • PRIMARY DATA
    • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES STEAM TRAP MARKET, 2017-2022 (USD BILLION)
    • STEAM TRAP MARKET, BY PRODUCT
    • STEAM TRAP MARKET, BY APPLICATION
    • STEAM TRAP MARKET, BY BODY MATERIAL
    • STEAM TRAP MARKET, BY END-USER INDUSTRY
    • STEAM TRAP MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • WIRELESS STEAM TRAP MONITORING
  • STEAM TRAP MARKET, BY PRODUCT
    • INTRODUCTION
      • Table STEAM TRAP MARKET SIZE, 2014-2022
      • Table STEAM TRAP MARKET SIZE, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET SIZE, BY PRODUCT, 2014-2022 (MILLION UNITS)
    • MECHANICAL
      • Table STEAM TRAP MARKET SIZE, BY MECHANICAL SUB-TYPE, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET SIZE, BY MECHANICAL SUB-TYPE, 2014-2022 (MILLION UNITS)
      • Table MECHANICAL STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
      • Table BALL FLOAT STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
      • Table INVERTED BUCKET STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
    • THERMODYNAMIC
      • Table THERMODYNAMIC STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
    • THERMOSTATIC
      • Table STEAM TRAP MARKET SIZE, BY THERMOSTATIC SUB-TYPE, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET SIZE, BY THERMOSTATIC SUB-TYPE, 2014-2022 (MILLION UNITS)
      • Table THERMOSTATIC STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
      • Table BALANCED PRESSURE STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
      • Table BIMETALLIC STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
  • STEAM TRAP MARKET, BY APPLICATION
    • INTRODUCTION
      • Table STEAM TRAP MARKET SIZE, BY APPLICATION, 2014-2022 (USD BILLION)
    • TRACING APPLICATION
      • Table STEAM TRAP MARKET SIZE, TRACING APPLICATION, BY END-USER INDUSTRY, 2014-2022 (USD MILLION)
    • DRIP APPLICATION
      • Table STEAM TRAP MARKET SIZE, DRIP APPLICATION, BY END-USER INDUSTRY, 2014-2022 (USD MILLION)
    • PROCESS APPLICATION
      • Table STEAM TRAP MARKET SIZE, PROCESS APPLICATION, BY END-USER INDUSTRY, 2014-2022 (USD MILLION)
  • STEAM TRAP MARKET, BY BODY MATERIAL
    • INTRODUCTION
      • Table STEAM TRAP MARKET SIZE, BY BODY MATERIAL, 2014-2022 (USD MILLION)
    • STEEL
      • Table STEEL STEAM TRAP MARKET, BY PRODUCT, 2014-2022 (USD MILLION)
    • IRON
      • Table IRON STEAM TRAP MARKET, BY PRODUCT, 2014-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS STEAM TRAP MARKET, BY PRODUCT, 2014-2022 (USD MILLION)
  • STEAM TRAP MARKET, BY END-USER INDUSTRY
    • INTRODUCTION
      • Table STEAM TRAP MARKET SIZE, BY END-USER INDUSTRY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET SIZE FOR END-USER INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
    • CHEMICALS
      • Table STEAM TRAP MARKET SIZE FOR CHEMICAL INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR CHEMICAL INDUSTRY, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR CHEMICAL INDUSTRY, BY MECHANICAL, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR CHEMICAL INDUSTRY, BY THERMOSTATIC, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR CHEMICAL INDUSTRY, BY APPLICATION, 2014-2022 (USD MILLION)
    • ENERGY AND POWER
      • Table STEAM TRAP MARKET SIZE FOR ENERGY & POWER INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR ENERGY & POWER INDUSTRY, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR ENERGY & POWER INDUSTRY, BY MECHANICAL, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR ENERGY & POWER INDUSTRY, BY THERMOSTATIC, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR ENERGY & POWER INDUSTRY, BY APPLICATION, 2014-2022 (USD MILLION)
    • FOOD & BEVERAGES
      • Table STEAM TRAP MARKET SIZE FOR FOOD & BEVERAGES INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR FOOD & BEVERAGES INDUSTRY, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR FOOD & BEVERAGES INDUSTRY, BY MECHANICAL, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR FOOD & BEVERAGES INDUSTRY, BY THERMOSTATIC, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR FOOD & BEVERAGES INDUSTRY, BY APPLICATION, 2014-2022 (USD MILLION)
    • OIL & GAS
      • Table STEAM TRAP MARKET SIZE FOR OIL & GAS INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OIL & GAS INDUSTRY, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OIL & GAS INDUSTRY, BY MECHANICAL, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OIL & GAS INDUSTRY, BY THERMOSTATIC, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OIL & GAS INDUSTRY, BY APPLICATION, 2014-2022 (USD MILLION)
    • PHARMACEUTICALS
      • Table STEAM TRAP MARKET SIZE FOR PHARMACEUTICAL INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR PHARMACEUTICAL INDUSTRY, BY MECHANICAL, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR PHARMACEUTICAL INDUSTRY, BY THERMOSTATIC, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR THE PHARMACEUTICALS INDUSTRY, BY APPLICATION, 2014-2022 (USD MILLION)
    • OTHERS
      • Table STEAM TRAP MARKET SIZE FOR OTHERS INDUSTRY, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OTHERS INDUSTRY, BY PRODUCT, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OTHERS INDUSTRY, BY MECHANICAL, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OTHERS INDUSTRY, BY THERMOSTATIC, 2014-2022 (USD MILLION)
      • Table STEAM TRAP MARKET FOR OTHERS INDUSTRY, BY APPLICATION, 2014-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table STEAM TRAP MARKET, BY GEOGRAPHY, 2014-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA STEAM TRAP MARKET, BY END-USER INDUSTRY, 2014-2022, (USD MILLION)
      • Table STEAM TRAP MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2022, (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table EUROPE STEAM TRAP MARKET, BY END-USER INDUSTRY, 2014-2022, (USD MILLION)
      • Table STEAM TRAP MARKET IN EUROPE, BY COUNTRY, 2014-2022, (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
    • APAC
      • Table APAC STEAM TRAP MARKET, BY END-USER INDUSTRY, 2014-2022, (USD MILLION)
      • Table STEAM TRAP MARKET IN APAC, BY COUNTRY, 2014-2022, (USD MILLION)
      • CHINA
      • INDIA
      • JAPAN
      • REST OF APAC
    • ROW
      • Table ROW STEAM TRAP MARKET, BY END-USER INDUSTRY, 2014-2022, (USD MILLION)
      • Table STEAM TRAP MARKET IN ROW, BY COUNTRY, 2014-2022, (USD MILLION)
      • AFRICA
      • MIDDLE EAST
      • SOUTH AMERICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE ANALYSIS
      • MARKET RANKING ANALYSIS OF THE STEAM TRAP MARKET, 2016
        • Table RANKING OF KEY PLAYERS IN THE STEAM TRAP MARKET, 2016
    • DIVE CHART
      • DYNAMIC
      • INNOVATORS
      • VANGUARDS
      • EMERGING
    • PRODUCT OFFERING
    • BUSINESS STRATEGY
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2015-2017
      • PARTNERSHIPS, AGREEMENTS, STRATEGIC ALLIANCES, COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, STRATEGIC ALLIANCES, COLLABORATIONS, 2015-2017
      • EXPANSIONS
        • Table EXPANSIONS, 2015-2017
  • COMPANY PROFILES
    • INTRODUCTION
    • SPIRAX-SARCO ENGINEERING PLC
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • PENTAIR PLC
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • THE WEIR GROUP PLC
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • FLOWSERVE CORPORATION
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • CIRCOR INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SCHLUMBERGER N.V.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • THERMAX LIMITED
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • VELAN INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • KEY RELATIONSHIPS
    • WATTS WATER TECHNOLOGIES, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • KEY INNOVATOR
      • BESTOBELL STEAM TRAPS
      • WATSON MCDANIEL COMPANY
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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