Steam Trap Market Report 2025 (Global Edition)

Global Steam Trap Market Report 2025 Market Size Split by Type (Thermodynamic, Mechanical, Thermostatic), by Application (Instrument Steam Tracing, Line Steam Tracing, Drip Application, Process Applic...

Steam Trap Market Report Description

We have various report editions of Steam Trap Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape: Steam Trap market

Key players in the market are actively engaged in several strategic initiatives to maintain their market leadership and address evolving industry needs. These initiatives include continuous research and development (R&D) activities to enhance the efficiency and durability of steam traps, often incorporating smart technologies for real-time monitoring and predictive maintenance. Additionally, they are expanding their product portfolios to cater to diverse industry applications and end-user requirements. Key players also focus on global market expansion by strengthening their distribution networks and partnerships with industrial suppliers. Furthermore, sustainability is a priority, with efforts to develop eco-friendly steam trap solutions that align with energy conservation and emissions reduction goals. 

Major players in the Steam Trap market, including Armstrong Flow Control, Armstrong International Inc., Ayvaz, Clark Reliance, Dwyer Instruments LLC, Emerson Electric Co., Forbes Marshall Pvt. Ltd., GlobalSpec LLC, MIYAWAKI Inc., Newton Steam-Traps Fluid Technology Co. Ltd., Parker Hannifin Corp., Schlumberger Ltd., Spirax Sarco Engineering plc, Swagelok Co., Thermax Ltd., TLV Co. Ltd., Uni Klinger Ltd., Velan Inc., Watson McDaniel Co., and Watts Water Technologies Inc. and others, are attempting to increase market demand by investing in research and development operations. 

Recent Market Developments:

December 11, 2023: Watts Water Technologies, Inc. announced that it has entered into a definitive agreement to acquire Josam Company. The addition of Josam’s innovative and specified products to the portfolio of the company will allow it to offer expanded capabilities and solutions to consumers.
(Source:https://aspe.org/pipeline/watts-water-technologies-inc-to-acquire-josam-company/)

• January 2022: Spirax-Sarco Engineering completed the acquisition of energy consulting firm Cotopaxi Ltd. This acquisition will help enhance the Steam Specialties business of the company which serves industrial steam consumers as Cotopaxi has digital solutions experience in steam installations. 

(Source:https://content.spiraxgroup.com/-/media/engineering/documents/results-and-agm-notices/2022/results/2022-fy-news-release.ashx?rev=dd674a2e763840c69a63bda4f883eeee&hash=82DCED1CFDD2F0397E056058DB7BE137)

Top Companies Market Share in Steam Trap Industry: (In no particular order of Rank)

• Armstrong Flow Control
• Armstrong International Inc.
• Ayvaz
• Clark Reliance
• Dwyer Instruments LLC
• Emerson Electric Co.
• Forbes Marshall Pvt. Ltd.
• GlobalSpec LLC
• MIYAWAKI Inc.
• Newton Steam-Traps Fluid Technology Co. Ltd.
• Parker Hannifin Corp.
• Schlumberger Ltd.
• Spirax Sarco Engineering plc
• Swagelok Co.
• Thermax Ltd.
• TLV Co. Ltd.
• Uni Klinger Ltd.
• Velan Inc.
• Watson McDaniel Co.
• Watts Water Technologies Inc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Which Region will dominate the Market in 2024, and Which Region is Expanding at the Fastest CAGR?

The Asian-Pacific region has dominated the Steam Trap Market. In terms of value, Asia-Pacific held XX% share of the global Steam Trap market. Asia-Pacific is anticipated to dominate the Steam Trap market globally. In the APAC region, the energy-efficient steam systems market experiences robust growth due to rapid economic expansion and the significant presence of oil & gas end-users, thermal power stations, and green power generation technologies. According to OPEC, APAC will account for approximately half of the overall refining capacity additions from 2017 to 2040. Key players in the market include Schlumberger Limited, Thermax Limited, Velan, Watts Water, TLV, and Forbes Marshall. These companies provide energy-efficient solutions for various industries, such as oil and gas, chemicals, food processing, power generation, and healthcare. Steam trap failure and maintenance service are crucial for energy efficiency, energy conservation, environmental awareness, and safety. High-quality steam traps made of steel body material contribute to better process control, operational efficiency, and equipment damage prevention. Rising energy costs, fuel consumption, and greenhouse gas emissions, along with regulatory mandates, necessitate the importance of steam traps in industrial expansion and process optimization. 

The North American Steam Trap Market is anticipated to grow at the fastest CAGR from 2023 to 2032. North America accounted for around XX% in 2022. The North American market is poised to be the fastest-growing market, offering lucrative growth opportunities for Steam Trap players during the forecast period. North America is a mature yet significant segment in the steam trap market. Industrial facilities, including those in the United States and Canada, rely on steam traps for energy efficiency and process optimization. Steam traps play a crucial role in various industries, ranging from manufacturing to food processing, supporting the diverse industrial landscape of the region. 

The current report Scope analyzes Steam Trap Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Steam Trap Market Analysis

How is the Type Segment Performing in the Steam Trap Market?

Based on Type, the Mechanical steam traps segment will dominate the global Steam Trap market in the year 2023. Based on type, the market is divided into thermodynamic, mechanical, and thermostatic

The Mechanical steam traps segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. Mechanical steam traps operate based on mechanical principles and are renowned for their reliability and durability. They function by using float mechanisms or inverted bucket designs to efficiently discharge condensate and prevent steam from escaping. Mechanical steam traps are widely used in various industries due to their ability to handle varying condensate loads and pressures. They are particularly effective in applications with high condensate flow rates. Industries favor mechanical steam traps for their low maintenance requirements and longevity, making them a cost-effective choice for steam system management.

Thermostatic steam traps are another important segment in the steam trap market. These traps operate based on temperature-sensitive elements, such as bimetallic elements or wax-filled capsules. They open and close in response to temperature changes, making them suitable for applications where condensate loads and pressures fluctuate. Thermostatic steam traps excel in maintaining precise temperature control and are often used in the food and pharmaceutical industries.

Thermodynamic steam traps, while a smaller segment in the market, offer unique advantages. These traps work on the principle of fluid dynamics, using the velocity of steam to open and close a valve. They are simple in design and can handle high-pressure applications. Thermodynamic steam traps are often used in situations where mechanical or thermostatic traps may not be suitable, such as applications with rapid startup and shutdown cycles.

• Thermodynamic
• Mechanical
• Thermostatic

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Steam Trap Industry. Request a Free Sample PDF!

Which application segment holds the largest revenue share of the Steam Trap Market?

Based on Application,  the Instrument steam tracing segment dominated the global Steam Trap market. Based on Application, the global Steam Trap market is segmented into steam tracing, line steam tracing, drip application, process application, and others.

The Instrument steam tracing segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. Instrument steam tracing involves the use of steam traps to maintain consistent temperatures in instrumentation lines, ensuring accurate measurements and preventing freezing or condensation. This application is crucial in industries like petrochemicals and oil refining, where precise measurements are vital for process control and safety. Steam traps used in instrument steam tracing are designed to handle low condensate loads and maintain temperature control.

Line steam tracing is a common application in industries, such as food processing and chemical manufacturing. Steam traps in this segment are responsible for maintaining the temperature of pipelines, preventing the solidification of fluids, and ensuring the smooth flow of materials. These traps are designed to handle moderate condensate loads and are essential for maintaining the integrity and efficiency of various industrial processes.

Drip applications involve the removal of small amounts of condensate from equipment, such as steam mains and steam distribution lines. Drip steam traps are specifically designed to handle low condensate flow rates and are often used in scenarios where condensate must be removed continuously without disrupting the overall process. These traps play a critical role in preventing water hammer and maintaining the efficiency of steam systems.
Process applications encompass a wide range of industrial processes where steam is utilized for heating, sterilization, and other purposes. Steam traps in this segment are tailored to handle high condensate loads and are vital for ensuring efficient energy usage and process integrity. Industries, such as pharmaceuticals, textiles, and power generation, rely heavily on steam traps in process applications to maintain product quality and operational efficiency.

• Instrument Steam Tracing
• Line Steam Tracing
• Drip Application
• Process Application
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Steam Trap Material Type Segment Analysis

Based on material type,  the steel segment dominated the global Steam Trap market. Based on material type, the global Steam Trap market is segmented into steel, iron, and others

The steel segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. Steel steam traps are preferred for their durability, corrosion resistance, and ability to withstand high-pressure and high-temperature environments. They are commonly used in industries where steam systems are subjected to rigorous conditions, such as power generation, petrochemicals, and heavy manufacturing. Their robust construction ensures a long service life, reducing maintenance and replacement costs.

Iron steam traps, while a smaller segment in the market, continue to find applications in various industries. They are known for their cost-effectiveness and versatility. Iron traps are suitable for moderate-pressure steam systems and applications where corrosion resistance is less critical.

• Steel
• Iron
• Others

Steam Trap Distribution Channel Segment Analysis

Based on the Distribution channel,  the Online segment dominated the global Steam Trap market. Based on Distribution channel, the global Steam Trap market is segmented into online, offline

The online segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. The online distribution channel is gaining prominence in the steam trap market due to its convenience and accessibility. Steam traps and related products are increasingly available through online platforms, making it easier for customers to research, compare, and purchase steam traps from the comfort of their offices or facilities. Online distributors offer a wide range of steam trap options, making it convenient for buyers to find the specific products that meet their needs.

While online distribution is rising, the offline distribution channel remains an essential part of the steam trap market. Traditional distribution channels include physical stores, authorized dealers, and industrial suppliers. This channel is especially valuable for people who prefer face-to-face interactions, personalized assistance, and immediate product availability.

• Online
• Offline

Steam Trap End Users Segment Analysis

Based on End-users,  the oil and gas segment dominated the global Steam Trap market. Based on End-users, the global Steam Trap market is segmented into oil and gas, power generation, pharmaceuticals, food and beverages, pulp and paper, chemical, and others

The oil and gas segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. steam traps are vital in this sector for various applications, including maintaining the temperature of equipment, preventing freezing, and ensuring the efficiency of refining processes. The industry relies heavily on durable and high-performance steel steam traps to withstand the harsh conditions associated with oil and gas extraction, refining, and transportation. Steel traps offer corrosion resistance and durability, making them the preferred choice for oil and gas applications, where reliability and safety are paramount.

The power generation industry is another significant segment within the steam trap market. Steam is a primary component in power generation processes, and the efficient operation of steam systems is critical to electricity production. Steam traps are used to remove condensate, ensuring that the quality and pressure of steam are maintained. In this industry, both steel and iron steam traps find applications, with steel traps favored in high-pressure environments and iron traps suitable for lower-pressure systems.

• Oil and Gas
• Power Generation
• Pharmaceuticals
• Food and Beverages
• Pulp and Paper
• Chemical

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion