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.
This report contains market size and forecasts of Steam Traps in global, including the following market information:
Global Steam Traps Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Steam Traps Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Steam Traps companies in 2021 (%)
The global Steam Traps market was valued at 872 million in 2021 and is projected to reach US$ 1091.1 million by 2028, at a CAGR of 3.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Mechanical Trap Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Steam Traps include Spirax Sarco, Armstrong, TLV, Velan, Emerson, ARI, Forbes Marshall, Hongfeng Mechanical and MIYAWAKI, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Steam Traps manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Steam Traps Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Steam Traps Market Segment Percentages, by Type, 2021 (%)
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Global Steam Traps Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Steam Traps Market Segment Percentages, by Application, 2021 (%)
Power Generation
Oil & Gas
Chemicals and Fertilizers
Others
Global Steam Traps Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Steam Traps Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Steam Traps revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Steam Traps revenues share in global market, 2021 (%)
Key companies Steam Traps sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Steam Traps sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Spirax Sarco
Armstrong
TLV
Velan
Emerson
ARI
Forbes Marshall
Hongfeng Mechanical
MIYAWAKI
Cameron
Yingqiao Machinery
DSC
Watson McDaniel
Yoshitake
Water-Dispersing Valve
Lonze Valve