Summary

The global steam trap market was valued at USD 4.57 billion in 2024 and is projected to reach USD 5.57 billion by 2029; it is expected to register a CAGR of 4.1% during the forecast period. Rising demand for energy-efficient systems is driving the growth of the steam trap market. Whereas need for substantial recurring and operational expenses is restraining the growth of the steam trap market.

“Thermodynamic segment is expected to account for the largest share in steam trap market.”
Thermodynamic steam traps rely on the mechanism of temperature differential, which can distinguish between the hot live steam and relatively cold condensate. Thermodynamic steam traps are generally offered at competitive prices that make them an attractive choice for business looking for optimization of energy cost. Further, due to the fact that such steam traps are available from most manufacturers, procurement is achieved easily and continuously without constraints relating to size or scale of any industry. Not only does this widespread availability make purchasing easier, but also the flexibility in sourcing is feasible as firms can purchase from several suppliers for the needs perceived to be met by the specific requirements, such as price, quality, and delivery times.

"Steel segment is likely to hold the largest share in steam trap market in 2024.”
Steel steam traps holds the largest share of the steam trap market due to their great strength and tensile strength, along with their resistance capabilities to pressures and high temperature. These properties make them more suitable for demanding industrial applications in oil & gas, chemical, and energy & power industry groups where performance consistency and long service life are crucial. Steel steam traps have fewer corrosion properties and, therefore, find preference in aggressive or hazardous fluids. The widespread nature across different industries, which provides consistent results under rough operating conditions, contributes to a leading position in the market for steel steam traps.

“Asia Pacific is expected to hold the largest market share of the steam trap market in 2029.”
Asia Pacific is expected to hold the largest market share of the steam trap market due to the region's extensive industrialization and expanding infrastructure. Industries like oil and gas, chemicals, food and beverages, pharmaceuticals, require steam traps; they enhance the efficiency of steam management and provide a loss in energy. In addition, requirements for energy in developing countries across Asia pacific are growing, and hence the development of power plants is on the rise, with the resultant growth of steam trap demand in the steam-based energy system. The large infrastructure projects of industrial facilities and energy plants that started long ago has increased the demand for steam traps, and with this trend, Asia Pacific has maintained its leading position in the market.

Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

• By Company Type - Tier 1 – 40%, Tier 2 – 35%, Tier 3 – 25%
• By Designation— C-level Executives - 45%, Directors - 35%, Others - 20%
• By Region—North America - 30%, Europe - 25%, Asia Pacific - 40%, RoW - 5%

The steam trap market is dominated by a few globally established players such as Spirax Group plc (UK), Emerson Electric Co. (US), Thermax Limited (India), SLB(US), Velan Inc (Canada), Watts (US), Armstrong International Inc. (US), TLV CO., LTD. (Japan), Forbes Marshall (India), Xylem (US). The study includes an in-depth competitive analysis of these key players in the steam trap market, with their company profiles, recent developments, and key market strategies.

Research Coverage:
The report segments the steam trap market and forecasts its size by product type, connection, body material, pressure, size, application, end user industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the steam trap ecosystem.

Key Benefits to Buy the Report:
• Analysis of key drivers (Rising demand for energy efficient steam systems, increasing integration of automation in steam systems and need to enhance manufacturing efficiency and compliance with environmental regulations). Restraint (Need for substantial recurring and operational expenses), Opportunity (Rapid economic growth in emerging economies, Integration of steam traps with IoT sensors), Challenges (Lack of awareness about benefits of steam trap systems).
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the steam trap market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the steam trap market across varied regions
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the steam trap market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Spirax Group plc (UK), Emerson Electric Co. (US), Thermax Limited (India), SLB (US), Velan Inc (Canada) among others in the steam trap market.

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Table of Contents

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 26
1.4 CURRENCY CONSIDERED 27
1.5 UNIT CONSIDERED 27
1.6 STAKEHOLDERS 27
1.7 LIMITATIONS 27
1.8 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of key secondary sources 30
2.1.1.2 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 List of primary interview participants 31
2.1.2.2 Breakdown of primaries 31
2.1.2.3 Key data from primary sources 32
2.1.2.4 Key industry insights 32
2.1.3 SECONDARY AND PRIMARY RESEARCH 33
2.2 MARKET SIZE ESTIMATION METHODOLOGY 34
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach to estimate market size using bottom-up analysis 35
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach to estimate market size using top-down analysis 36
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 37
2.4 RESEARCH ASSUMPTIONS 38
2.5 RESEARCH LIMITATIONS 38
2.6 RISK ANALYSIS 39
3 EXECUTIVE SUMMARY 40
 
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN STEAM TRAP MARKET 44
4.2 STEAM TRAP MARKET, BY PRODUCT TYPE 44
4.3 STEAM TRAP MARKET, BY CONNECTION 45
4.4 STEAM TRAP MARKET, BY BODY MATERIAL 45
4.5 STEAM TRAP MARKET, BY PRESSURE 46
4.6 STEAM TRAP MARKET, BY SIZE 46
4.7 STEAM TRAP MARKET, BY APPLICATION 47
4.8 STEAM TRAP MARKET, BY END-USE INDUSTRY 47
4.9 STEAM TRAP MARKET, BY REGION 48
4.10 STEAM TRAP MARKET, BY COUNTRY 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
5.2.1 DRIVERS 50
5.2.1.1 Growing demand for energy-efficient steam systems 50
5.2.1.2 Shift toward automation 50
5.2.1.3 Need to comply with environmental regulations 50
5.2.2 RESTRAINTS 51
5.2.2.1 High costs associated with maintenance and inspection 51
5.2.3 OPPORTUNITIES 52
5.2.3.1 Rapid industrialization and expanding manufacturing sectors in developing countries 52
5.2.3.2 Integration of steam traps with IoT sensors 53
5.2.4 CHALLENGES 53
5.2.4.1 Lack of awareness about benefits of steam trap systems 53
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 54
5.4 PRICING ANALYSIS 55
5.4.1 AVERAGE SELLING PRICE TREND OF STEAM TRAPS OFFERED
BY KEY PLAYERS, BY PRODUCT TYPE, 2021–2023 (USD) 55
5.4.2 AVERAGE SELLING PRICE TREND OF STEAM TRAPS, 2019–2023 56
5.4.3 AVERAGE SELLING PRICE TREND OF STEAM TRAPS, BY REGION, 2019–2023 57
5.5 VALUE CHAIN ANALYSIS 58
5.6 ECOSYSTEM ANALYSIS 59
5.7 INVESTMENT AND FUNDING SCENARIO 61
5.8 IMPACT OF AI/GENERATIVE AI ON STEAM TRAP MARKET 61
5.8.1 INTRODUCTION 61
5.9 TECHNOLOGY ANALYSIS 62
5.9.1 KEY TECHNOLOGIES 63
5.9.1.1 Remote monitoring 63
5.9.1.2 IoT 63
5.9.2 COMPLIMENTARY TECHNOLOGIES 64
5.9.2.1 Energy management systems 64
5.9.3 ADJACENT TECHNOLOGIES 64
5.9.3.1 Ultrasonic testing 64
5.10 PATENT ANALYSIS 65
5.11 TRADE ANALYSIS 68
5.11.1 IMPORT DATA (HS CODE 8481) 68
5.11.2 EXPORT DATA (HS CODE 8481) 69
5.12 KEY CONFERENCES AND EVENTS, 2024–2026 70
5.13 CASE STUDY ANALYSIS 71
5.13.1 SPIRAX GROUP OFFERED TRAPTEST VKP TO BASF THAT RESULTED IN SIGNIFICANT COST SAVINGS 71
5.13.2 UNIVERSITY OF NOTRE DAM COLLABORATED WITH ARMSTRONG INTERNATIONAL TO IMPLEMENT STEAM TRAP MANAGEMENT PROGRAM THAT REGULATED CO2 EMISSIONS AND REDUCED OPERATIONAL COSTS 72
5.13.3 PACKAGING FACILITY IN US IMPLEMENTED KADANT JOHNSON 45-SERIES THAT IMPROVED HEAT TRANSFERS 72
5.14 TARIFF AND REGULATORY LANDSCAPE 73
5.14.1 TARIFF ANALYSIS 73
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
5.14.3 STANDARDS 77
5.15 PORTER'S FIVE FORCES ANALYSIS 78
5.15.1 THREAT OF NEW ENTRANTS 79
5.15.2 THREAT OF SUBSTITUTES 79
5.15.3 BARGAINING POWER OF BUYERS 79
5.15.4 BARGAINING POWER OF SUPPLIERS 80
5.15.5 INTENSITY OF COMPETITIVE RIVALRY 80
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 81
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
5.16.2 BUYING CRITERIA 82
6 STEAM TRAP MARKET, BY PRODUCT TYPE 83
6.1 INTRODUCTION 84
6.2 MECHANICAL 86
6.2.1 BALL FLOAT STEAM TRAPS 87
6.2.1.1 Increasing demand for customized options to foster market growth 87
6.2.2 INVERTED BUCKET STEAM TRAPS 87
6.2.2.1 Government-led initiatives to boost adoption of advanced steam management solutions to fuel market growth 87
6.3 THERMODYNAMIC 91
6.3.1 DISC STEAM TRAPS 91
6.3.1.1 Increasing focus on energy efficiency to foster market growth 91
 
6.3.2 PISTON TYPE STEAM TRAPS 92
6.3.2.1 Growing emphasis on minimizing energy wastage to accelerate demand 92
6.4 THERMOSTATIC 95
6.4.1 BALANCED PRESSURE STEAM TRAPS 96
6.4.1.1 Ability to minimize steam loss and optimize condensate discharge to boost demand 96
6.4.2 BIMETALLIC STEAM TRAPS 96
6.4.2.1 Ability to withstand high temperatures and pressures to foster market growth 96
6.4.3 LIQUID EXPANSION STEAM TRAPS 97
6.4.3.1 Stringent regulations to enhance energy efficiency and monitor emissions to accelerate demand 97
6.4.4 BELLOWS STEAM TRAPS 97
6.4.4.1 Reduced maintenance requirements with effective venting capabilities to boost demand 97
7 STEAM TRAP MARKET, BY CONNECTION 103
7.1 INTRODUCTION 104
7.2 SCREWED 105
7.2.1 INCREASING APPLICATION IN SMALL TO MEDIUM-SIZED STEAM SYSTEMS TO DRIVE MARKET 105
7.3 FLANGED 106
7.3.1 EASE OF INSTALLATION AND MAINTENANCE TO BOOST DEMAND 106
7.4 SOCKET WELDED 106
7.4.1 RISING DEMAND FOR EFFICIENT AND HIGH-PERFORMING SYSTEMS TO FOSTER MARKET GROWTH 106
7.5 OTHER CONNECTIONS 106
7.5.1 SWIVEL 106
7.5.2 BUTT WELD 107
8 STEAM TRAP MARKET, BY BODY MATERIAL 108
8.1 INTRODUCTION 109
8.2 STEEL 110
8.2.1 GROWING DEMAND FOR CORROSION-RESISTANT MATERIALS TO ACCELERATE DEMAND 110
8.3 IRON 112
8.3.1 RISING DEMAND FOR FLEXIBLE AND CRACK-RESISTANT MATERIALS TO FUEL MARKET GROWTH 112
8.4 OTHER BODY MATERIALS 115
8.4.1 BRASS 115
8.4.2 BRONZE 115
 
9 STEAM TRAP MARKET, BY PRESSURE 118
9.1 INTRODUCTION 119
9.2 ≤ 10 BARS 120
9.2.1 INCREASING APPLICATION IN FOOD PROCESSING, TEXTILES, AND COMMERCIAL HEATING SYSTEMS TO DRIVE MARKET 120
9.3 >10 BARS–≤ 25 BARS 121
9.3.1 RISING EMPHASIS ON ADOPTION OF SUSTAINABLE MANUFACTURING PROCESSES TO FOSTER MARKET GROWTH 121
9.4 >25 BARS 121
9.4.1 RISING NEED FOR ENERGY EFFICIENCY IN POWER AND INDUSTRIAL SECTORS TO ACCELERATE DEMAND 121
10 STEAM TRAP MARKET, BY SIZE 122
10.1 INTRODUCTION 123
10.2 ≤DN 25 124
10.2.1 INCREASING IMPLEMENTATION IN COMPACT AND LIGHTWEIGHT SYSTEMS TO BOOST DEMAND 124
10.3 >DN 25–≤DN 65 125
10.3.1 RISING APPLICATION IN POWER GENERATION AND CHEMICAL PROCESSING TO FOSTER MARKET GROWTH 125
10.4 > DN 65 125
10.4.1 GROWING EMPHASIS ON BOOSTING ENERGY EFFICIENCY AND REDUCING EMISSIONS TO DRIVE MARKET 125
11 STEAM TRAP MARKET, BY APPLICATION 127
11.1 INTRODUCTION 128
11.2 TRACING 129
11.2.1 RISING FOCUS ON ADOPTING ENERGY-SAVING TECHNOLOGIES TO FUEL MARKET GROWTH 129
11.3 DRIP 130
11.3.1 ABILITY TO MINIMIZE STEAM LOSS TO BOOST DEMAND 130
11.4 PROCESS 131
11.4.1 INCREASING APPLICATION IN PHARMACEUTICALS AND FOOD & BEVERAGE MANUFACTURING TO DRIVE MARKET 131
12 STEAM TRAP MARKET, BY END-USE INDUSTRY 133
12.1 INTRODUCTION 134
12.2 CHEMICALS 135
12.2.1 GROWING INVESTMENTS IN R&D TO BOOST DEMAND 135
12.2.2 ROLL DRYERS 137
12.2.3 CONCENTRATORS 138
12.2.4 JACKETED MIXING TANKS 138
12.2.5 REACTOR KETTLES 138
12.2.6 ACETONE VAPORIZERS 138
12.2.7 CONICAL DRYERS 139
12.2.8 PURIFYING KETTLES 139
12.3 ENERGY & POWER 139
12.3.1 RISING EMPHASIS ON DECARBONIZING ENERGY-INTENSIVE INDUSTRIES TO DRIVE MARKET 139
12.3.2 TURBINE EXHAUSTS 141
12.3.3 AUXILIARY SYSTEMS 141
12.4 FOOD & BEVERAGES 142
12.4.1 INCREASING REGULATORY SCRUTINY FOR FOOD SAFETY TO FOSTER MARKET GROWTH 142
12.4.2 BOIL POUCHES 144
12.4.3 STEAM KETTLES 144
12.4.4 BOTTLE WASHERS 145
12.4.5 PLATE HEATERS 145
12.4.6 JACKETED KETTLES 145
12.4.7 BOILING KETTLES 145
12.5 OIL & GAS 146
12.5.1 GOVERNMENT-LED INITIATIVES TO ENHANCE ENERGY EFFICIENCY TO FUEL MARKET GROWTH 146
12.5.2 VAPORIZERS 148
12.5.3 TANK HEATING 148
12.5.4 HEAT EXCHANGERS 148
12.5.5 CONCENTRATORS 149
12.5.6 REACTOR KETTLES 149
12.6 PHARMACEUTICALS 149
12.6.1 INCREASING NEED FOR ENERGY-EFFICIENT OPERATIONS IN PHARMACEUTICAL MANUFACTURING TO ACCELERATE DEMAND 149
12.6.2 SANITIZATION 151
12.6.3 STERILIZATION 152
12.7 TEXTILES 152
12.7.1 RISING NEED TO MAINTAIN OPTIMAL STEAM PRESSURE TO DRIVE MARKET 152
12.7.2 EMBOSSING ROLLS 154
12.7.3 ROLL DRYERS 154
12.7.4 HOT AIR DRYERS 154
12.7.5 CYLINDER DRYERS 155
12.7.6 DYE TANKS 155
12.8 OTHER END-USE INDUSTRIES 155
12.8.1 METALS & MINING 155
12.8.2 PULP & PAPER 155
12.8.3 WATER & WASTEWATER TREATMENT 156
 
13 STEAM TRAP MARKET, BY REGION 158
13.1 INTRODUCTION 159
13.2 NORTH AMERICA 161
13.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 161
13.2.2 US 164
13.2.2.1 Increasing focus on energy efficiency and process optimization to boost demand 164
13.2.3 CANADA 165
13.2.3.1 Growing emphasis on sustainability and energy conservation to drive market 165
13.2.4 MEXICO 166
13.2.4.1 Rising demand from manufacturing and energy sectors to fuel market growth 166
13.3 EUROPE 168
13.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 168
13.3.2 GERMANY 171
13.3.2.1 Increasing adoption of eco-friendly practices to foster market growth 171
13.3.3 UK 172
13.3.3.1 Surging revenues from oil & gas production to drive market 172
13.3.4 FRANCE 173
13.3.4.1 Growing emphasis on decarbonization to boost demand 173
13.3.5 REST OF EUROPE 174
13.4 ASIA PACIFIC 176
13.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 176
13.4.2 CHINA 179
13.4.2.1 Thriving manufacturing sector to offer lucrative growth opportunities 179
13.4.3 INDIA 180
13.4.3.1 Rapid industrial expansion to drive market 180
13.4.4 JAPAN 181
13.4.4.1 Rising focus on reducing CO2 emissions to drive demand 181
13.4.5 REST OF ASIA PACIFIC 182
13.5 ROW 183
13.5.1 MACROECONOMIC OUTLOOK FOR ROW 183
13.5.2 MIDDLE EAST & AFRICA 186
13.5.2.1 Thriving oil & gas sector to foster market growth 186
13.5.2.2 GCC 186
13.5.2.3 Rest of Middle East & Africa 186
13.5.3 SOUTH AMERICA 187
13.5.3.1 Increasing emphasis on lowering carbon footprint to drive market 187
 
14 COMPETITIVE LANDSCAPE 189
14.1 OVERVIEW 189
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 189
14.3 REVENUE ANALYSIS, 2019–2023 191
14.4 MARKET SHARE ANALYSIS, 2023 191
14.5 COMPANY VALUATION AND FINANCIAL METRICS, 2023 195
14.6 PRODUCT COMPARISON 196
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 196
14.7.1 STARS 196
14.7.2 EMERGING LEADERS 197
14.7.3 PERVASIVE PLAYERS 197
14.7.4 PARTICIPANTS 197
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 198
14.7.5.1 Company footprint 198
14.7.5.2 Region footprint 199
14.7.5.3 Product type footprint 200
14.7.5.4 Body material footprint 201
14.7.5.5 Connection footprint 202
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 203
14.8.1 PROGRESSIVE COMPANIES 203
14.8.2 RESPONSIVE COMPANIES 203
14.8.3 DYNAMIC COMPANIES 203
14.8.4 STARTING BLOCKS 203
14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 205
14.8.5.1 Detailed list of key startups/SMEs 205
14.8.5.2 Competitive benchmarking of key startups/SMEs 205
14.9 COMPETITIVE SCENARIO 206
14.9.1 PRODUCT LAUNCHES 206
14.9.2 DEALS 207
15 COMPANY PROFILES 208
15.1 KEY PLAYERS 208
15.1.1 SPIRAX GROUP PLC 208
15.1.1.1 Business overview 208
15.1.1.2 Products/Solutions/Services offered 209
15.1.1.3 Recent developments 210
15.1.1.3.1 Deals 210
15.1.1.4 MnM view 210
15.1.1.4.1 Key strengths/Right to win 210
15.1.1.4.2 Strategic choices 210
15.1.1.4.3 Weaknesses/Competitive threats 210
 
15.1.2 EMERSON ELECTRIC CO. 211
15.1.2.1 Business overview 211
15.1.2.2 Products/Solutions/Services offered 212
15.1.2.3 Recent developments 213
15.1.2.3.1 Deals 213
15.1.2.4 MnM view 213
15.1.2.4.1 Key strengths/Right to win 213
15.1.2.4.2 Strategic choices 213
15.1.2.4.3 Weaknesses/Competitive threats 213
15.1.3 VELAN INC. 214
15.1.3.1 Business overview 214
15.1.3.2 Products/Solutions/Services offered 215
15.1.3.3 MnM view 215
15.1.3.3.1 Key strengths/Right to win 215
15.1.3.3.2 Strategic choices 215
15.1.3.3.3 Weaknesses/Competitive threats 215
15.1.4 WATTS 216
15.1.4.1 Business overview 216
15.1.4.2 Products/Solutions/Services offered 217
15.1.4.3 Recent developments 218
15.1.4.3.1 Deals 218
15.1.4.4 MnM view 218
15.1.4.4.1 Key strengths/Right to win 218
15.1.4.4.2 Strategic choices 218
15.1.4.4.3 Weaknesses/Competitive threats 218
15.1.5 XYLEM 219
15.1.5.1 Business overview 219
15.1.5.2 Products/Solutions/Services offered 220
15.1.5.3 Recent developments 221
15.1.5.3.1 Deals 221
15.1.5.4 MnM view 221
15.1.5.4.1 Key strengths/Right to win 221
15.1.5.4.2 Strategic choices 221
15.1.5.4.3 Weaknesses/Competitive threats 221
15.1.6 THERMAX LIMITED 222
15.1.6.1 Business overview 222
15.1.6.2 Products/Solutions/Services offered 223
15.1.7 SLB 224
15.1.7.1 Business overview 224
15.1.7.2 Products/Solutions/Services offered 225
 
15.1.8 ARMSTRONG INTERNATIONAL INC. 226
15.1.8.1 Business overview 226
15.1.8.2 Products/Solutions/Services offered 226
15.1.9 TLV CO., LTD. 227
15.1.9.1 Business overview 227
15.1.9.2 Products/Solutions/Services offered 227
15.1.9.3 Recent developments 228
15.1.9.3.1 Product launches 228
15.1.10 FORBES MARSHALL 229
15.1.10.1 Business overview 229
15.1.10.2 Products/Solutions/Services offered 229
15.2 OTHER PLAYERS 230
15.2.1 WATSON MCDANIEL 230
15.2.2 MIYAWAKI INC. 231
15.2.3 HAWA ENGINEERS LTD 232
15.2.4 ARI-ARMATUREN 233
15.2.5 VENN.CO, LTD 234
15.2.6 AYVAZ 235
15.2.7 NETA METAL WORKS 236
15.2.8 THERMOMEGATECH, INC. 237
15.2.9 TUNSTALL 238
15.2.10 THERMAL ENERGY INTERNATIONAL INC. 239
15.2.11 BARNES & JONES, LLC 240
15.2.12 ESCO GROUP OF COMPANIES 241
15.2.13 UNITED BRASS WORKS 242
15.2.14 COLTON INDUSTRIES 243
15.2.15 RICHARDS INDUSTRIALS 244
16 APPENDIX 245
16.1 INSIGHTS FROM INDUSTRY EXPERTS 245
16.2 DISCUSSION GUIDE 246
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 249
16.4 CUSTOMIZATION OPTIONS 251
16.5 RELATED REPORTS 251
16.6 AUTHOR DETAILS 252