Summary

The global steam trap market reached a value of US$ 3.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A steam trap refers to an automatic valve used to release condensates and non-condensates, including carbon dioxide (CO2) and oxygen (O2), from the steam lines. It acts as a drain valve and aids in the separation of condensable gases from the steam system to generate latent heat and transfer it to the desired product. Some of the commonly used steam traps include mechanical, thermostatic and thermodynamic traps. The mechanical or density-operated steam traps separate the steam from heavy condensates based on their densities and only discharge the condensates while retaining the steam. The thermostatic variants consist of a port, which opens or closes on the basis of the temperature of the inlet material. The trap only allows the movement of cooler gases through the system and retains the warmer steam for further utilization. The thermodynamic, or kinetic energy-operated steam trap, operates by releasing flash steam from the flowing hot condensates. They aid in minimizing the wastage of steam and CO2 emissions into the environment. As a result, they are widely used in industrial storage tanks, steamers, pressure reducing valve stations, heat exchangers and reboilers.

Global Steam Trap Market Trends: Significant Growth in the Oil and Gas Industry
With the increasing automation in the oil and gas industry and the growing number of offshore and onshore exploratory activities across the globe, there is a substantial rise in the requirement for durable and light-weight steam traps with longer shelf life. In the oilfields, steam traps are largely used for steam-assisted gravity-drainage processes. They act as a physical barrier to block the flow of injected steam formed in a producing well containing large volumes of oil and water. They are also used for fluid catalytic cracking and decoking processes in the oil and gas refineries to separate a small amount of steam from the hydrogen present in coke. In line with this, industrial plants use steel-based steam traps to transport the latent heat from process exchangers and drain the condensates. The steel variants provide enhanced design flexibility, cost-effectiveness and operational reliability of the steam system and ensure that the steam trap is able to withstand freeze-ups without damage. As a result, they are widely used in industrial dryers, evaporators, vulcanizers, process vats and autoclaves.

Advancements in Product Variants
Product manufacturers are developing innovative steam traps that are used in bio industries for the manufacturing of pharmaceuticals and medical sterilizers and supplying clean steam. The interior and exterior surfaces of the steam trap are manufactured with crevice-free designs using stainless steel to prevent the accumulation of condensates, boiler additives and rust that can cause infections. They are also extensively used with steam distribution and condensate collection systems for effective heat tracing applications and maintaining desired temperature, viscosity control and freeze protection within a fluid. Novel variants are equipped with strainers, check valves, air vents and self-draining systems to prevent damage caused by freezing during plant shutdown. They also assist in the quick start-up of the plant with continuous venting of air and carbon dioxide. In line with this, the advent of wireless steam trap systems is also favoring the market growth. These advanced variants are manufactured with thermocouple sensors that take temperature readings at periodic intervals and transmit the signal to a remotely accessible digital interface.

Development of Steam Trap Monitoring Systems
Novel steam traps are integrated with innovative monitoring systems that get activated in case the steam trap breaks down. It drains the condensates present in the system and vents them back to inhibit heat transfer and process temperature control. It also aids in diminishing the problems associated with water hammer or pressure rise and thermal shock or thermal stress, thereby minimizing the wastage of energy. It consists of gate-type valves, such as an isolation valve located upstream of the trap and a test and isolation valve located downstream of the trap. The monitoring systems are available in both manual and wireless technologies. The manual steam trap monitoring systems utilize an ultrasonic instrument or a heat gun to measure the temperature changes periodically. On the other hand, wireless systems use thermocouple sensors to take the temperature readings automatically at pre-defined intervals. The sensors transmit the readings to a dedicated platform to provide meaningful insights about the steam trap system and assist in predicting any faults by analyzing the received information.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global steam trap market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, product type, distribution channel, application, material type, and end use industry.

Breakup by Product Type:

Thermodynamic
Mechanical
Thermostatic

Breakup by Application:

Instrument Steam Tracing
Line Steam Tracing
Drip Application
Process Application
Others

Breakup by Material Type:

Steel
Iron
Others

Breakup by Distribution Channel:

Online
Offline

Breakup by End-Use Industry:

Oil & Gas
Power Generation
Pharmaceuticals
Food & Beverages
Pulp & Paper
Chemical
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Circor International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Inc., Schlumberger Limited, Spirax-Sarco Engineering, Thermax Ltd., Velan Inc., Watts Water Technologies Inc., The Weir Group PLC, etc.

ページTOPに戻る

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Steam Trap Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Thermodynamic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mechanical
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Thermostatic
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Instrument Steam Tracing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Line Steam Tracing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Drip Application
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Process Application
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Material Type
8.1 Steel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Iron
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Online
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Offline
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End-Use Industry
10.1 Oil & Gas
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Power Generation
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Pharmaceuticals
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Food & Beverages
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Pulp & Paper
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Chemical
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Circor International Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Emerson Electric Co.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Flowserve Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Pentair Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Schlumberger Limited
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Spirax-Sarco Engineering
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Thermax Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 Velan Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Watts Water Technologies Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 The Weir Group PLC
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials

List of Figures

Figure 1: Global: Steam Trap Market: Major Drivers and Challenges
Figure 2: Global: Steam Trap Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Steam Trap Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Steam Trap Market: Breakup by Application (in %), 2020
Figure 5: Global: Steam Trap Market: Breakup by Material Type (in %), 2020
Figure 6: Global: Steam Trap Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Steam Trap Market: Breakup by End-Use Industry (in %), 2020
Figure 8: Global: Steam Trap Market: Breakup by Region (in %), 2020
Figure 9: Global: Steam Trap Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Steam Trap (Thermodynamic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Steam Trap (Thermodynamic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Steam Trap (Mechanical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Steam Trap (Mechanical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Steam Trap (Thermostatic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Steam Trap (Thermostatic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Steam Trap (Instrument Steam Tracing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Steam Trap (Instrument Steam Tracing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Steam Trap (Line Steam Tracing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Steam Trap (Line Steam Tracing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Steam Trap (Drip Application) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Steam Trap (Drip Application) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Steam Trap (Process Application) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Steam Trap (Process Application) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Steam Trap (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Steam Trap (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Steam Trap (Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Steam Trap (Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Steam Trap (Iron) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Steam Trap (Iron) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Steam Trap (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Steam Trap (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Steam Trap (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Steam Trap (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Steam Trap (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Steam Trap (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Steam Trap (Oil & Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Steam Trap (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Steam Trap (Power Generation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Steam Trap (Power Generation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Steam Trap (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Steam Trap (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Steam Trap (Food & Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Steam Trap (Food & Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Steam Trap (Pulp & Paper) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Steam Trap (Pulp & Paper) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Steam Trap (Chemical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Steam Trap (Chemical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Steam Trap (Other Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Steam Trap (Other Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: North America: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: North America: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: United States: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: United States: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Canada: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Canada: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Asia Pacific: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Asia Pacific: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: China: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: China: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Japan: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Japan: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: India: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: India: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: South Korea: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: South Korea: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Australia: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Australia: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Indonesia: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Indonesia: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Europe: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Europe: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Germany: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Germany: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: France: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: France: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: United Kingdom: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: United Kingdom: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Italy: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Italy: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Spain: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Spain: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Russia: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Russia: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Others: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Others: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Latin America: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Latin America: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Brazil: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Brazil: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Mexico: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Mexico: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Others: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Others: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Middle East and Africa: Steam Trap Market: Sales Value (in Million US$), 2015 & 2020
Figure 97: Middle East and Africa: Steam Trap Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 98: Global: Steam Trap Industry: SWOT Analysis
Figure 99: Global: Steam Trap Industry: Value Chain Analysis
Figure 100: Global: Steam Trap Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Steam Trap Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Steam Trap Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Steam Trap Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Steam Trap Market Forecast: Breakup by Material Type (in Million US$), 2021-2026
Table 5: Global: Steam Trap Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 6: Global: Steam Trap Market Forecast: Breakup by End-Use Industry (in Million US$), 2021-2026
Table 7: Global: Steam Trap Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Steam Trap Market Structure
Table 9: Global: Steam Trap Market: Key Players