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.
In the coming years there is an increasing demand for Steam Traps in the regions of United States and Europe that is expected to drive the market for more advanced Steam Traps. Growth in government budgets in the principal countries, increasing of oil & petrochemical fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Steam Traps will drive growth in United States and Europe markets.
Globally, the Steam Traps industry market is concentrated as the manufacturing technology of Steam Traps is relatively matures than some high-tech equipment. And some enterprises, like Spirax Sarco, Armstrong, Pentair, etc. are well-known for the wonderful performance of their Steam Traps and related services. At the same time, North America, occupied 29.23% production market share in 2016, is remarkable in the global Steam Traps industry because of their market share and technology status of Steam Traps.
Global Steam Traps market size will increase to 1880 Million US$ by 2025, from 1460 Million US$ in 2018, at a CAGR of 3.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Steam Traps.
This report researches the worldwide Steam Traps market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Steam Traps breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Spirax Sarco
Armstrong
Pentair
Velan
TLV
Flowserve
Circor
Cameron
Yoshitake
Steriflow
Yingqiao Machinery
Hongfeng Mechanical
MIYAWAKI
Tunstall Corporation
DSC
Chenghang Industrial Safety
Watson McDaniel
Lonze Valve
ARI
Water-Dispersing Valve
Shanghai Hugong
Steam Traps Breakdown Data by Type
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Steam Traps Breakdown Data by Application
Oil & Petrochemical
Power Industry
Pharmaceutical
Food & Beverage
Pulp & Paper
General Industry
Others
Steam Traps Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Steam Traps Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Steam Traps capacity, production, value, consumption, status and forecast;
To focus on the key Steam Traps manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Steam Traps :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Steam Traps . Industry analysis & Market Report on Steam Traps is a syndicated market report, published as Global Steam Traps Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Steam Traps market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.