Global Steam Traps Market Analysis and Forecast 2024-2030

Global Steam Traps Market Analysis and Forecast 2024-2030


Summary

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.

According to APO Research, The global Steam Traps market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Steam Traps is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Steam Traps is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The China market for Steam Traps is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Steam Traps is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Steam Traps include Spirax Sarco, Armstrong, TLV, Velan, Emerson, ARI, Forbes Marshall, Hongfeng Mechanical and MIYAWAKI, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Steam Traps production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Steam Traps by region (region level and country level), by Company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

This report presents an overview of global market for Steam Traps, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Steam Traps, also provides the consumption of main regions and countries. Of the upcoming market potential for Steam Traps, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Steam Traps sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Steam Traps market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Steam Traps sales, projected growth trends, production technology, application and end-user industry.

Steam Traps segment by Company

Spirax Sarco
Armstrong
TLV
Velan
Emerson
ARI
Forbes Marshall
Hongfeng Mechanical
MIYAWAKI
Cameron
Yingqiao Machinery
DSC
Watson McDaniel
Yoshitake
Water-Dispersing Valve
Lonze Valve
Steam Traps segment by Type

Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Steam Traps segment by Application

Power Generation
Oil & Gas
Chemicals and Fertilizers
Others
Steam Traps segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Steam Traps market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Steam Traps and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Steam Traps.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: 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 3: Steam Traps production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Steam Traps in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Steam Traps manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Steam Traps sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America (US & Canada) by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: Middle East, Africa, Latin America by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Steam Traps Market by Type
1.2.1 Global Steam Traps Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Mechanical Trap
1.2.3 Thermostatic Trap
1.2.4 Thermodynamic Trap
1.3 Steam Traps Market by Application
1.3.1 Global Steam Traps Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Power Generation
1.3.3 Oil & Gas
1.3.4 Chemicals and Fertilizers
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives
2 Steam Traps Market Dynamics
2.1 Steam Traps Industry Trends
2.2 Steam Traps Industry Drivers
2.3 Steam Traps Industry Opportunities and Challenges
2.4 Steam Traps Industry Restraints
3 Global Steam Traps Production Overview
3.1 Global Steam Traps Production Capacity (2019-2030)
3.2 Global Steam Traps Production by Region: 2019 VS 2023 VS 2030
3.3 Global Steam Traps Production by Region
3.3.1 Global Steam Traps Production by Region (2019-2024)
3.3.2 Global Steam Traps Production by Region (2025-2030)
3.3.3 Global Steam Traps Production Market Share by Region (2019-2030)
3.4 North America
3.5 Europe
3.6 Japan
3.7 China
3.8 Taiwan (China)
3.9 India
4 Global Market Growth Prospects
4.1 Global Steam Traps Revenue Estimates and Forecasts (2019-2030)
4.2 Global Steam Traps Revenue by Region
4.2.1 Global Steam Traps Revenue by Region: 2019 VS 2023 VS 2030
4.2.2 Global Steam Traps Revenue by Region (2019-2024)
4.2.3 Global Steam Traps Revenue by Region (2025-2030)
4.2.4 Global Steam Traps Revenue Market Share by Region (2019-2030)
4.3 Global Steam Traps Sales Estimates and Forecasts 2019-2030
4.4 Global Steam Traps Sales by Region
4.4.1 Global Steam Traps Sales by Region: 2019 VS 2023 VS 2030
4.4.2 Global Steam Traps Sales by Region (2019-2024)
4.4.3 Global Steam Traps Sales by Region (2025-2030)
4.4.4 Global Steam Traps Sales Market Share by Region (2019-2030)
4.5 US & Canada
4.6 Europe
4.7 China
4.8 Asia (Excluding China)
4.9 Middle East, Africa and Latin America
5 Market Competitive Landscape by Manufacturers
5.1 Global Steam Traps Revenue by Manufacturers
5.1.1 Global Steam Traps Revenue by Manufacturers (2019-2024)
5.1.2 Global Steam Traps Revenue Market Share by Manufacturers (2019-2024)
5.1.3 Global Steam Traps Manufacturers Revenue Share Top 10 and Top 5 in 2023
5.2 Global Steam Traps Sales by Manufacturers
5.2.1 Global Steam Traps Sales by Manufacturers (2019-2024)
5.2.2 Global Steam Traps Sales Market Share by Manufacturers (2019-2024)
5.2.3 Global Steam Traps Manufacturers Sales Share Top 10 and Top 5 in 2023
5.3 Global Steam Traps Sales Price by Manufacturers (2019-2024)
5.4 Global Steam Traps Key Manufacturers Ranking, 2022 VS 2023 VS 2024
5.5 Global Steam Traps Key Manufacturers Manufacturing Sites & Headquarters
5.6 Global Steam Traps Manufacturers, Product Type & Application
5.7 Global Steam Traps Manufacturers Commercialization Time
5.8 Market Competitive Analysis
5.8.1 Global Steam Traps Market CR5 and HHI
5.8.2 2023 Steam Traps Tier 1, Tier 2, and Tier 3
6 Steam Traps Market by Type
6.1 Global Steam Traps Revenue by Type
6.1.1 Global Steam Traps Revenue by Type (2019 VS 2023 VS 2030)
6.1.2 Global Steam Traps Revenue by Type (2019-2030) & (US$ Million)
6.1.3 Global Steam Traps Revenue Market Share by Type (2019-2030)
6.2 Global Steam Traps Sales by Type
6.2.1 Global Steam Traps Sales by Type (2019 VS 2023 VS 2030)
6.2.2 Global Steam Traps Sales by Type (2019-2030) & (K Units)
6.2.3 Global Steam Traps Sales Market Share by Type (2019-2030)
6.3 Global Steam Traps Price by Type
7 Steam Traps Market by Application
7.1 Global Steam Traps Revenue by Application
7.1.1 Global Steam Traps Revenue by Application (2019 VS 2023 VS 2030)
7.1.2 Global Steam Traps Revenue by Application (2019-2030) & (US$ Million)
7.1.3 Global Steam Traps Revenue Market Share by Application (2019-2030)
7.2 Global Steam Traps Sales by Application
7.2.1 Global Steam Traps Sales by Application (2019 VS 2023 VS 2030)
7.2.2 Global Steam Traps Sales by Application (2019-2030) & (K Units)
7.2.3 Global Steam Traps Sales Market Share by Application (2019-2030)
7.3 Global Steam Traps Price by Application
8 Company Profiles
8.1 Spirax Sarco
8.1.1 Spirax Sarco Comapny Information
8.1.2 Spirax Sarco Business Overview
8.1.3 Spirax Sarco Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Spirax Sarco Steam Traps Product Portfolio
8.1.5 Spirax Sarco Recent Developments
8.2 Armstrong
8.2.1 Armstrong Comapny Information
8.2.2 Armstrong Business Overview
8.2.3 Armstrong Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Armstrong Steam Traps Product Portfolio
8.2.5 Armstrong Recent Developments
8.3 TLV
8.3.1 TLV Comapny Information
8.3.2 TLV Business Overview
8.3.3 TLV Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.3.4 TLV Steam Traps Product Portfolio
8.3.5 TLV Recent Developments
8.4 Velan
8.4.1 Velan Comapny Information
8.4.2 Velan Business Overview
8.4.3 Velan Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Velan Steam Traps Product Portfolio
8.4.5 Velan Recent Developments
8.5 Emerson
8.5.1 Emerson Comapny Information
8.5.2 Emerson Business Overview
8.5.3 Emerson Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Emerson Steam Traps Product Portfolio
8.5.5 Emerson Recent Developments
8.6 ARI
8.6.1 ARI Comapny Information
8.6.2 ARI Business Overview
8.6.3 ARI Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.6.4 ARI Steam Traps Product Portfolio
8.6.5 ARI Recent Developments
8.7 Forbes Marshall
8.7.1 Forbes Marshall Comapny Information
8.7.2 Forbes Marshall Business Overview
8.7.3 Forbes Marshall Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.7.4 Forbes Marshall Steam Traps Product Portfolio
8.7.5 Forbes Marshall Recent Developments
8.8 Hongfeng Mechanical
8.8.1 Hongfeng Mechanical Comapny Information
8.8.2 Hongfeng Mechanical Business Overview
8.8.3 Hongfeng Mechanical Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Hongfeng Mechanical Steam Traps Product Portfolio
8.8.5 Hongfeng Mechanical Recent Developments
8.9 MIYAWAKI
8.9.1 MIYAWAKI Comapny Information
8.9.2 MIYAWAKI Business Overview
8.9.3 MIYAWAKI Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.9.4 MIYAWAKI Steam Traps Product Portfolio
8.9.5 MIYAWAKI Recent Developments
8.10 Cameron
8.10.1 Cameron Comapny Information
8.10.2 Cameron Business Overview
8.10.3 Cameron Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Cameron Steam Traps Product Portfolio
8.10.5 Cameron Recent Developments
8.11 Yingqiao Machinery
8.11.1 Yingqiao Machinery Comapny Information
8.11.2 Yingqiao Machinery Business Overview
8.11.3 Yingqiao Machinery Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.11.4 Yingqiao Machinery Steam Traps Product Portfolio
8.11.5 Yingqiao Machinery Recent Developments
8.12 DSC
8.12.1 DSC Comapny Information
8.12.2 DSC Business Overview
8.12.3 DSC Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.12.4 DSC Steam Traps Product Portfolio
8.12.5 DSC Recent Developments
8.13 Watson McDaniel
8.13.1 Watson McDaniel Comapny Information
8.13.2 Watson McDaniel Business Overview
8.13.3 Watson McDaniel Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.13.4 Watson McDaniel Steam Traps Product Portfolio
8.13.5 Watson McDaniel Recent Developments
8.14 Yoshitake
8.14.1 Yoshitake Comapny Information
8.14.2 Yoshitake Business Overview
8.14.3 Yoshitake Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.14.4 Yoshitake Steam Traps Product Portfolio
8.14.5 Yoshitake Recent Developments
8.15 Water-Dispersing Valve
8.15.1 Water-Dispersing Valve Comapny Information
8.15.2 Water-Dispersing Valve Business Overview
8.15.3 Water-Dispersing Valve Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.15.4 Water-Dispersing Valve Steam Traps Product Portfolio
8.15.5 Water-Dispersing Valve Recent Developments
8.16 Lonze Valve
8.16.1 Lonze Valve Comapny Information
8.16.2 Lonze Valve Business Overview
8.16.3 Lonze Valve Steam Traps Sales, Revenue, Price and Gross Margin (2019-2024)
8.16.4 Lonze Valve Steam Traps Product Portfolio
8.16.5 Lonze Valve Recent Developments
9 North America
9.1 North America Steam Traps Market Size by Type
9.1.1 North America Steam Traps Revenue by Type (2019-2030)
9.1.2 North America Steam Traps Sales by Type (2019-2030)
9.1.3 North America Steam Traps Price by Type (2019-2030)
9.2 North America Steam Traps Market Size by Application
9.2.1 North America Steam Traps Revenue by Application (2019-2030)
9.2.2 North America Steam Traps Sales by Application (2019-2030)
9.2.3 North America Steam Traps Price by Application (2019-2030)
9.3 North America Steam Traps Market Size by Country
9.3.1 North America Steam Traps Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
9.3.2 North America Steam Traps Sales by Country (2019 VS 2023 VS 2030)
9.3.3 North America Steam Traps Price by Country (2019-2030)
9.3.4 U.S.
9.3.5 Canada
10 Europe
10.1 Europe Steam Traps Market Size by Type
10.1.1 Europe Steam Traps Revenue by Type (2019-2030)
10.1.2 Europe Steam Traps Sales by Type (2019-2030)
10.1.3 Europe Steam Traps Price by Type (2019-2030)
10.2 Europe Steam Traps Market Size by Application
10.2.1 Europe Steam Traps Revenue by Application (2019-2030)
10.2.2 Europe Steam Traps Sales by Application (2019-2030)
10.2.3 Europe Steam Traps Price by Application (2019-2030)
10.3 Europe Steam Traps Market Size by Country
10.3.1 Europe Steam Traps Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
10.3.2 Europe Steam Traps Sales by Country (2019 VS 2023 VS 2030)
10.3.3 Europe Steam Traps Price by Country (2019-2030)
10.3.4 Germany
10.3.5 France
10.3.6 U.K.
10.3.7 Italy
10.3.8 Russia
11 China
11.1 China Steam Traps Market Size by Type
11.1.1 China Steam Traps Revenue by Type (2019-2030)
11.1.2 China Steam Traps Sales by Type (2019-2030)
11.1.3 China Steam Traps Price by Type (2019-2030)
11.2 China Steam Traps Market Size by Application
11.2.1 China Steam Traps Revenue by Application (2019-2030)
11.2.2 China Steam Traps Sales by Application (2019-2030)
11.2.3 China Steam Traps Price by Application (2019-2030)
12 Asia (Excluding China)
12.1 Asia Steam Traps Market Size by Type
12.1.1 Asia Steam Traps Revenue by Type (2019-2030)
12.1.2 Asia Steam Traps Sales by Type (2019-2030)
12.1.3 Asia Steam Traps Price by Type (2019-2030)
12.2 Asia Steam Traps Market Size by Application
12.2.1 Asia Steam Traps Revenue by Application (2019-2030)
12.2.2 Asia Steam Traps Sales by Application (2019-2030)
12.2.3 Asia Steam Traps Price by Application (2019-2030)
12.3 Asia Steam Traps Market Size by Country
12.3.1 Asia Steam Traps Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
12.3.2 Asia Steam Traps Sales by Country (2019 VS 2023 VS 2030)
12.3.3 Asia Steam Traps Price by Country (2019-2030)
12.3.4 Japan
12.3.5 South Korea
12.3.6 India
12.3.7 Australia
12.3.8 China Taiwan
12.3.9 Southeast Asia
13 Middle East, Africa and Latin America
13.1 Middle East, Africa and Latin America Steam Traps Market Size by Type
13.1.1 Middle East, Africa and Latin America Steam Traps Revenue by Type (2019-2030)
13.1.2 Middle East, Africa and Latin America Steam Traps Sales by Type (2019-2030)
13.1.3 Middle East, Africa and Latin America Steam Traps Price by Type (2019-2030)
13.2 Middle East, Africa and Latin America Steam Traps Market Size by Application
13.2.1 Middle East, Africa and Latin America Steam Traps Revenue by Application (2019-2030)
13.2.2 Middle East, Africa and Latin America Steam Traps Sales by Application (2019-2030)
13.2.3 Middle East, Africa and Latin America Steam Traps Price by Application (2019-2030)
13.3 Middle East, Africa and Latin America Steam Traps Market Size by Country
13.3.1 Middle East, Africa and Latin America Steam Traps Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
13.3.2 Middle East, Africa and Latin America Steam Traps Sales by Country (2019 VS 2023 VS 2030)
13.3.3 Middle East, Africa and Latin America Steam Traps Price by Country (2019-2030)
13.3.4 Mexico
13.3.5 Brazil
13.3.6 Israel
13.3.7 Argentina
13.3.8 Colombia
13.3.9 Turkey
13.3.10 Saudi Arabia
13.3.11 UAE
14 Value Chain and Sales Channels Analysis
14.1 Steam Traps Value Chain Analysis
14.1.1 Steam Traps Key Raw Materials
14.1.2 Raw Materials Key Suppliers
14.1.3 Manufacturing Cost Structure
14.1.4 Steam Traps Production Mode & Process
14.2 Steam Traps Sales Channels Analysis
14.2.1 Direct Comparison with Distribution Share
14.2.2 Steam Traps Distributors
14.2.3 Steam Traps Customers
15 Concluding Insights
16 Appendix
16.1 Reasons for Doing This Study
16.2 Research Methodology
16.3 Research Process
16.4 Authors List of This Report
16.5 Data Source
16.5.1 Secondary Sources
16.5.2 Primary Sources
16.6 Disclaimer

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