The global Steam Traps market size is predicted to grow from US$ 994 million in 2025 to US$ 1242 million in 2031; it is expected to grow at a CAGR of 3.8% from 2025 to 2031.
Steam traps are essential components in steam systems, designed to discharge condensate, air, and other non-condensable gases from steam lines while preventing the escape of live steam. They play a crucial role in maintaining the efficiency and reliability of steam systems.
Global key players of Steam Traps include Spirax Sarco, Armstrong, TLV, Emerson, Velan, etc. The top five players hold a share about 50%. Asia-Pacific is the largest market, and has a share about 41%, followed by North America and Europe with share 27% and 23%, separately. In terms of product type, Mechanical Trap is the largest segment, accounting for a share of 48%. In terms of application, Oil & Petrochemical is the largest field with a share about 29 percent.
LP Information, Inc. (LPI) ' newest research report, the “Steam Traps Industry Forecast” looks at past sales and reviews total world Steam Traps sales in 2024, providing a comprehensive analysis by region and market sector of projected Steam Traps sales for 2025 through 2031. With Steam Traps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steam Traps industry.
This Insight Report provides a comprehensive analysis of the global Steam Traps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steam Traps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steam Traps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Traps and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steam Traps.
This report presents a comprehensive overview, market shares, and growth opportunities of Steam Traps market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Segmentation by Application:
Oil & Petrochemical
Power Industry
Pharmaceutical
Food & Beverage
Pulp & Paper
General Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Spirax Sarco
Armstrong
TLV
Emerson
Velan
ARI
Yingqiao Machinery
Hongfeng Mechanical
Forbes Marshall
MIYAWAKI
Cameron
DSC
Watson McDaniel
Venn
Yoshitake
Water-Dispersing Valve
Lonze Valve
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steam Traps market?
What factors are driving Steam Traps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steam Traps market opportunities vary by end market size?
How does Steam Traps break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
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