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Global Steam Traps Market Research Report 2025
Synopsis
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.
The global Steam Traps market was valued at US$ 847.5 million in 2023 and is anticipated to reach US$ 1074 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.
Spirax Sarco, Armstrong, TLV, Velan, Emerson, ARI and Forbes Marshall are the key players of Steam Traps. Spirax Sarco is the leader of this industry by 30% market shares.
This report aims to provide a comprehensive presentation of the global market for Steam Traps, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steam Traps.
Report Scope
The Steam Traps market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Steam Traps market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Steam Traps manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Spirax Sarco
Armstrong
TLV
Velan
Emerson
ARI
Forbes Marshall
Hongfeng Mechanical
MIYAWAKI
Cameron
Yingqiao Machinery
DSC
Watson McDaniel
Yoshitake
Water-Dispersing Valve
Lonze Valve
Segment by Type
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Segment by Application
Power Generation
Oil & Gas
Chemicals and Fertilizers
Others
Production by Region
North America
Europe
Japan
China
Taiwan (China)
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Steam Traps manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Steam Traps by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Steam Traps in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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.
The global Steam Traps market was valued at US$ 847.5 million in 2023 and is anticipated to reach US$ 1074 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.
Spirax Sarco, Armstrong, TLV, Velan, Emerson, ARI and Forbes Marshall are the key players of Steam Traps. Spirax Sarco is the leader of this industry by 30% market shares.
This report aims to provide a comprehensive presentation of the global market for Steam Traps, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steam Traps.
Report Scope
The Steam Traps market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Steam Traps market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Steam Traps manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Spirax Sarco
Armstrong
TLV
Velan
Emerson
ARI
Forbes Marshall
Hongfeng Mechanical
MIYAWAKI
Cameron
Yingqiao Machinery
DSC
Watson McDaniel
Yoshitake
Water-Dispersing Valve
Lonze Valve
Segment by Type
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Segment by Application
Power Generation
Oil & Gas
Chemicals and Fertilizers
Others
Production by Region
North America
Europe
Japan
China
Taiwan (China)
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Steam Traps manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Steam Traps by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Steam Traps in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Steam Traps Market Overview
1.1 Product Definition
1.2 Steam Traps Segment by Type
1.2.1 Global Steam Traps Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Mechanical Trap
1.2.3 Thermostatic Trap
1.2.4 Thermodynamic Trap
1.3 Steam Traps Segment by Application
1.3.1 Global Steam Traps Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Power Generation
1.3.3 Oil & Gas
1.3.4 Chemicals and Fertilizers
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Steam Traps Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Steam Traps Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Steam Traps Production Estimates and Forecasts (2019-2030)
1.4.4 Global Steam Traps Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Steam Traps Production Market Share by Manufacturers (2019-2024)
2.2 Global Steam Traps Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Steam Traps, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Steam Traps Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Steam Traps Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Steam Traps, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Steam Traps, Product Offered and Application
2.8 Global Key Manufacturers of Steam Traps, Date of Enter into This Industry
2.9 Steam Traps Market Competitive Situation and Trends
2.9.1 Steam Traps Market Concentration Rate
2.9.2 Global 5 and 10 Largest Steam Traps Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Steam Traps Production by Region
3.1 Global Steam Traps Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Steam Traps Production Value by Region (2019-2030)
3.2.1 Global Steam Traps Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Steam Traps by Region (2025-2030)
3.3 Global Steam Traps Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Steam Traps Production by Region (2019-2030)
3.4.1 Global Steam Traps Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Steam Traps by Region (2025-2030)
3.5 Global Steam Traps Market Price Analysis by Region (2019-2024)
3.6 Global Steam Traps Production and Value, Year-over-Year Growth
3.6.1 North America Steam Traps Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Steam Traps Production Value Estimates and Forecasts (2019-2030)
3.6.3 Japan Steam Traps Production Value Estimates and Forecasts (2019-2030)
3.6.4 China Steam Traps Production Value Estimates and Forecasts (2019-2030)
3.6.5 Taiwan (China) Steam Traps Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Steam Traps Production Value Estimates and Forecasts (2019-2030)
4 Steam Traps Consumption by Region
4.1 Global Steam Traps Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Steam Traps Consumption by Region (2019-2030)
4.2.1 Global Steam Traps Consumption by Region (2019-2024)
4.2.2 Global Steam Traps Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Steam Traps Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Steam Traps Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Steam Traps Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Steam Traps Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Steam Traps Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Steam Traps Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Steam Traps Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Steam Traps Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Steam Traps Production by Type (2019-2030)
5.1.1 Global Steam Traps Production by Type (2019-2024)
5.1.2 Global Steam Traps Production by Type (2025-2030)
5.1.3 Global Steam Traps Production Market Share by Type (2019-2030)
5.2 Global Steam Traps Production Value by Type (2019-2030)
5.2.1 Global Steam Traps Production Value by Type (2019-2024)
5.2.2 Global Steam Traps Production Value by Type (2025-2030)
5.2.3 Global Steam Traps Production Value Market Share by Type (2019-2030)
5.3 Global Steam Traps Price by Type (2019-2030)
6 Segment by Application
6.1 Global Steam Traps Production by Application (2019-2030)
6.1.1 Global Steam Traps Production by Application (2019-2024)
6.1.2 Global Steam Traps Production by Application (2025-2030)
6.1.3 Global Steam Traps Production Market Share by Application (2019-2030)
6.2 Global Steam Traps Production Value by Application (2019-2030)
6.2.1 Global Steam Traps Production Value by Application (2019-2024)
6.2.2 Global Steam Traps Production Value by Application (2025-2030)
6.2.3 Global Steam Traps Production Value Market Share by Application (2019-2030)
6.3 Global Steam Traps Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Spirax Sarco
7.1.1 Spirax Sarco Steam Traps Corporation Information
7.1.2 Spirax Sarco Steam Traps Product Portfolio
7.1.3 Spirax Sarco Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Spirax Sarco Main Business and Markets Served
7.1.5 Spirax Sarco Recent Developments/Updates
7.2 Armstrong
7.2.1 Armstrong Steam Traps Corporation Information
7.2.2 Armstrong Steam Traps Product Portfolio
7.2.3 Armstrong Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Armstrong Main Business and Markets Served
7.2.5 Armstrong Recent Developments/Updates
7.3 TLV
7.3.1 TLV Steam Traps Corporation Information
7.3.2 TLV Steam Traps Product Portfolio
7.3.3 TLV Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.3.4 TLV Main Business and Markets Served
7.3.5 TLV Recent Developments/Updates
7.4 Velan
7.4.1 Velan Steam Traps Corporation Information
7.4.2 Velan Steam Traps Product Portfolio
7.4.3 Velan Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Velan Main Business and Markets Served
7.4.5 Velan Recent Developments/Updates
7.5 Emerson
7.5.1 Emerson Steam Traps Corporation Information
7.5.2 Emerson Steam Traps Product Portfolio
7.5.3 Emerson Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Emerson Main Business and Markets Served
7.5.5 Emerson Recent Developments/Updates
7.6 ARI
7.6.1 ARI Steam Traps Corporation Information
7.6.2 ARI Steam Traps Product Portfolio
7.6.3 ARI Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.6.4 ARI Main Business and Markets Served
7.6.5 ARI Recent Developments/Updates
7.7 Forbes Marshall
7.7.1 Forbes Marshall Steam Traps Corporation Information
7.7.2 Forbes Marshall Steam Traps Product Portfolio
7.7.3 Forbes Marshall Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Forbes Marshall Main Business and Markets Served
7.7.5 Forbes Marshall Recent Developments/Updates
7.8 Hongfeng Mechanical
7.8.1 Hongfeng Mechanical Steam Traps Corporation Information
7.8.2 Hongfeng Mechanical Steam Traps Product Portfolio
7.8.3 Hongfeng Mechanical Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Hongfeng Mechanical Main Business and Markets Served
7.7.5 Hongfeng Mechanical Recent Developments/Updates
7.9 MIYAWAKI
7.9.1 MIYAWAKI Steam Traps Corporation Information
7.9.2 MIYAWAKI Steam Traps Product Portfolio
7.9.3 MIYAWAKI Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.9.4 MIYAWAKI Main Business and Markets Served
7.9.5 MIYAWAKI Recent Developments/Updates
7.10 Cameron
7.10.1 Cameron Steam Traps Corporation Information
7.10.2 Cameron Steam Traps Product Portfolio
7.10.3 Cameron Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Cameron Main Business and Markets Served
7.10.5 Cameron Recent Developments/Updates
7.11 Yingqiao Machinery
7.11.1 Yingqiao Machinery Steam Traps Corporation Information
7.11.2 Yingqiao Machinery Steam Traps Product Portfolio
7.11.3 Yingqiao Machinery Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Yingqiao Machinery Main Business and Markets Served
7.11.5 Yingqiao Machinery Recent Developments/Updates
7.12 DSC
7.12.1 DSC Steam Traps Corporation Information
7.12.2 DSC Steam Traps Product Portfolio
7.12.3 DSC Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.12.4 DSC Main Business and Markets Served
7.12.5 DSC Recent Developments/Updates
7.13 Watson McDaniel
7.13.1 Watson McDaniel Steam Traps Corporation Information
7.13.2 Watson McDaniel Steam Traps Product Portfolio
7.13.3 Watson McDaniel Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Watson McDaniel Main Business and Markets Served
7.13.5 Watson McDaniel Recent Developments/Updates
7.14 Yoshitake
7.14.1 Yoshitake Steam Traps Corporation Information
7.14.2 Yoshitake Steam Traps Product Portfolio
7.14.3 Yoshitake Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Yoshitake Main Business and Markets Served
7.14.5 Yoshitake Recent Developments/Updates
7.15 Water-Dispersing Valve
7.15.1 Water-Dispersing Valve Steam Traps Corporation Information
7.15.2 Water-Dispersing Valve Steam Traps Product Portfolio
7.15.3 Water-Dispersing Valve Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Water-Dispersing Valve Main Business and Markets Served
7.15.5 Water-Dispersing Valve Recent Developments/Updates
7.16 Lonze Valve
7.16.1 Lonze Valve Steam Traps Corporation Information
7.16.2 Lonze Valve Steam Traps Product Portfolio
7.16.3 Lonze Valve Steam Traps Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Lonze Valve Main Business and Markets Served
7.16.5 Lonze Valve Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Steam Traps Industry Chain Analysis
8.2 Steam Traps Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Steam Traps Production Mode & Process
8.4 Steam Traps Sales and Marketing
8.4.1 Steam Traps Sales Channels
8.4.2 Steam Traps Distributors
8.5 Steam Traps Customers
9 Steam Traps Market Dynamics
9.1 Steam Traps Industry Trends
9.2 Steam Traps Market Drivers
9.3 Steam Traps Market Challenges
9.4 Steam Traps Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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