Steam Trap Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
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The global Steam Trap market is expected to grow at a CAGR of 3.4% during the forecast period.
The global Steam Trap market is estimated to be about 1157.3 million US dollars in 2020.
The global Steam Trap market is estimated to reach 1324.1 million USD by 2026.
The global Steam Trap market is segmented by company, region (country), type and application. Participants, stakeholders, and other readers in the global Steam Trap market will be able to gain an advantage as they use reports as a powerful resource.
Steam Trap markets by category
Thermodynamic
Mechanical
Thermostatic
Steam Trap Market by Application (Percentage of Demand)
Drip Application
Process Application
Tracing Application
Who are the leading companies in Steam Trap
Spirax-Sarco Engineering
Pentair
The Weir Group
Flowserve
Circor
Emerson Electric
Schlumberger
Thermax
Velan
Watts Water Technologies
Steam Trap markets by region:
In North America
In Latin America
Europe
The Asia-pacific
Middle East and Africa (MEA)
What are the main countries covered
The United States
Canada
Germany
France
UK
Italy
Russia
China
Japan
Korea
Southeast Asia
India
Australia
Brazil
Mexico
Argentina
Chile
Colombia
Egypt
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Which is the most profitable market
Among regions, North America/Europe/Asia Pacific accounted for the largest share of global personalized beauty equipment as rising consumer incomes led to increased spending at Steam Trap.
What methodology did you follow in your research
This study was conducted by our expert analysts through a combination of primary and secondary studies. The methodology we follow includes a demand-side assessment of the market and triangulation of this through supply-side analysis. The methodology is based on the use of standard market structures, methods, and definitions.
Who were the primary study respondents
We talk to stakeholders across the spectrum. Including C-level executives, distributors, product manufacturers, industry experts, etc.
What are the sources of secondary research
We conduct extensive secondary studies using proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations and research papers.
1. Introduction
1.1 Definition of the Market
1.2 Research Purpose
1.3 Scope of the Study
1.4 Stakeholders
1.5 Geography Coverage
1.6 Currency Under Consideration
1.7 Market Size Units
1.8 Review Cycle
2 Global Market Overview
2.1 Global Steam Trap Revenue and Growth Forecast 2014-2026
2.2 Global Steam Trap Market Size and Growth Forecast 2014-2026
2.3 Global Steam Trap Revenue by Region 2014-2026
2.4 Steam Trap Market Share by Major Regions 2014-2021
2.5 Steam Trap Gross Margin in Different Region 2014-2021
2.6 Global Steam Trap Market History Price and Forecast 2014-2026
2.7 Global Steam Trap Sales Market Share by Top Companies 2014-2021
3 Global Steam Trap Market by Type
3.1 Global Steam Trap Revenue and Growth Rate Segment by Types from 2014-2021
3.2 Global Steam Trap Market Size and Growth Rate Segment by Product Types from 2014-2021
3.3 Global Steam Trap Price Segment by Types from 2014-2021
3.4 Brief Introduction of Different Types
3.4.1 Thermodynamic
3.4.2 Mechanical
3.4.3 Thermostatic
4 Global Steam Trap Market by Application
4.1 Global Steam Trap Revenue and Growth Rate Segment by Applications from 2014-2021
4.2 Global Steam Trap Market Size and Growth Rate Segment by Product Applications from 2014-2021
4.3 Brief Introduction of Different Applications
4.3.1 Drip Application
4.3.2 Process Application
4.3.3 Tracing Application
5 North America Steam Trap Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
5.1 North America Steam Trap Value ($) from 2014-2021
5.2 North America Steam Trap Market Size from 2014-2021
5.3 North America Steam Trap Price Change from 2014-2021
5.4 North America Steam Trap Import and Export from 2014-2021
5.5 North America Steam Trap Market Value ($) and Growth (%) by Type from 2014-2021
5.6 North America Steam Trap Market Value ($) and Growth (%) by Application from 2014-2021
5.7 North America Steam Trap Market Value ($) and Growth (%) by Countries from 2014-2021
5.7.1 The United States
5.7.2 Canada
5.8 Top North America Steam Trap Participants Value ($) and Market Share (%) in 2020
6 Europe Steam Trap Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
6.1 Europe Steam Trap Value ($) from 2014-2021
6.2 Europe Steam Trap Market Size from 2014-2021
6.3 Europe Steam Trap Price Change from 2014-2021
6.4 Europe Steam Trap Import and Export from 2014-2021
6.5 Europe Steam Trap Market Value ($) and Growth (%) by Type from 2014-2021
6.6 Europe Steam Trap Market Value ($) and Growth (%) by Application from 2014-2021
6.7 Europe Steam Trap Market Value ($) and Growth (%) by Countries from 2014-2021
6.7.1 Germany
6.7.2 France
6.7.3 UK
6.7.4 Italy
6.7.5 Russia
…
6.8 Top Europe Steam Trap Participants Value ($) and Market Share (%) in 2020
7 Asia-Pacific Steam Trap Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
7.1 Asia-Pacific Steam Trap Value ($) from 2014-2021
7.2 Asia-Pacific Steam Trap Market Size from 2014-2021
7.3 Asia-Pacific Steam Trap Price Change from 2014-2021
7.4 Asia-Pacific Steam Trap Import and Export from 2014-2021
7.5 Asia-Pacific Steam Trap Market Value ($) and Growth (%) by Type from 2014-2021
7.6 Asia-Pacific Steam Trap Market Value ($) and Growth (%) by Application from 2014-2021
7.7 Asia-Pacific Steam Trap Market Value ($) and Growth (%) by Countries from 2014-2021
7.7.1 China
7.7.2 Japan
7.7.3 Korea
7.7.4 Southeast Asia
7.7.5 India
7.7.6 Australia
…
7.8 Top Asia-Pacific Steam Trap Participants Value ($) and Market Share (%) in 2020
8 Latin America Steam Trap Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
8.1 Latin America Steam Trap Value ($) from 2014-2021
8.2 Latin America Steam Trap Market Size from 2014-2021
8.3 Latin America Steam Trap Price Change from 2014-2021
8.4 Latin America Steam Trap Import and Export from 2014-2021
8.5 Latin America Steam Trap Market Value ($) and Growth (%) by Type from 2014-2021
8.6 Latin America Steam Trap Market Value ($) and Growth (%) by Application from 2014-2021
8.7 Latin America Steam Trap Market Value ($) and Growth (%) by Countries from 2014-2021
8.7.1 Brazil
8.7.2 Mexico
8.7.3 Argentina
8.7.4 Chile
8.7.5 Colombia
…
8.8 Top Latin America Steam Trap Participants Value ($) and Market Share (%) in 2020
9 Middle East & Africa Steam Trap Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
9.1 Middle East & Africa Steam Trap Value ($) from 2014-2021
9.2 Middle East & Africa Steam Trap Market Size from 2014-2021
9.3 Middle East & Africa Steam Trap Price Change from 2014-2021
9.4 Middle East & Africa Steam Trap Import and Export from 2014-2021
9.5 Middle East & Africa Steam Trap Market Value ($) and Growth (%) by Type from 2014-2021
9.6 Middle East & Africa Steam Trap Market Value ($) and Growth (%) by Application from 2014-2021
9.7 Middle East & Africa Steam Trap Market Value ($) and Growth (%) by Countries from 2014-2021
9.7.1 Egypt
9.7.2 Saudi Arabia
9.7.3 United Arab Emirates
9.7.4 Nigeria
9.7.5 South Africa
…
9.8 Top Middle East & Africa Steam Trap Participants Value ($) and Market Share (%) in 2020
10. Global Level Competitive Intelligence – Company Profiles
10.1 Spirax-Sarco Engineering
10.1.1 Spirax-Sarco Engineering Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.1.2 Spirax-Sarco Engineering Sales, Value, Gross and Gross Margin from 2014-2021
10.1.3 Spirax-Sarco Engineering Value and Growth Change from 2014-2021
10.1.4 Spirax-Sarco Engineering Price Change from 2014-2021
10.1.5 Spirax-Sarco Engineering Product Offered
10.2 Pentair
10.2.1 Pentair Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.2.2 Pentair Sales, Value, Gross and Gross Margin from 2014-2021
10.2.3 Pentair Value and Growth Change from 2014-2021
10.2.4 Pentair Price Change from 2014-2021
10.2.5 Pentair Product Offered
10.3 The Weir Group
10.3.1 The Weir Group Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.3.2 The Weir Group Sales, Value, Gross and Gross Margin from 2014-2021
10.3.3 The Weir Group Value and Growth Change from 2014-2021
10.3.4 The Weir Group Price Change from 2014-2021
10.3.5 The Weir Group Product Offered
10.4 Flowserve
10.4.1 Flowserve Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.4.2 Flowserve Sales, Value, Gross and Gross Margin from 2014-2021
10.4.3 Flowserve Value and Growth Change from 2014-2021
10.4.4 Flowserve Price Change from 2014-2021
10.4.5 Flowserve Product Offered
10.5 Circor
10.5.1 Circor Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.5.2 Circor Sales, Value, Gross and Gross Margin from 2014-2021
10.5.3 Circor Value and Growth Change from 2014-2021
10.5.4 Circor Price Change from 2014-2021
10.5.5 Circor Product Offered
10.6 Emerson Electric
10.6.1 Emerson Electric Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.6.2 Emerson Electric Sales, Value, Gross and Gross Margin from 2014-2021
10.6.3 Emerson Electric Value and Growth Change from 2014-2021
10.6.4 Emerson Electric Price Change from 2014-2021
10.6.5 Emerson Electric Product Offered
10.7 Schlumberger
10.7.1 Schlumberger Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.7.2 Schlumberger Sales, Value, Gross and Gross Margin from 2014-2021
10.7.3 Schlumberger Value and Growth Change from 2014-2021
10.7.4 Schlumberger Price Change from 2014-2021
10.7.5 Schlumberger Product Offered
10.8 Thermax
10.8.1 Thermax Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.8.2 Thermax Sales, Value, Gross and Gross Margin from 2014-2021
10.8.3 Thermax Value and Growth Change from 2014-2021
10.8.4 Thermax Price Change from 2014-2021
10.8.5 Thermax Product Offered
10.9 Velan
10.9.1 Velan Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.9.2 Velan Sales, Value, Gross and Gross Margin from 2014-2021
10.9.3 Velan Value and Growth Change from 2014-2021
10.9.4 Velan Price Change from 2014-2021
10.9.5 Velan Product Offered
10.10 Watts Water Technologies
10.10.1 Watts Water Technologies Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.10.2 Watts Water Technologies Sales, Value, Gross and Gross Margin from 2014-2021
10.10.3 Watts Water Technologies Value and Growth Change from 2014-2021
10.10.4 Watts Water Technologies Price Change from 2014-2021
10.10.5 Watts Water Technologies Product Offered
11. Market Dynamics
11.1 Driving Factors
11.1.1 Rising Demand in Some Regions: North America/Europe/China/India/Japan …
11.1.2 Increasing Use of Steam Trap by Different End-User/Applications
11.2 Restraints and Challenges in the Market
11.3 Opportunities
11.4 Covid-19 Impact/Evaluation
12. Future Forecast of Global Steam Trap Market from 2020-2026
12.1 Future Forecast of Global Steam Trap Market from 2020-2026 Segment by Regions
12.2 Future Forecast of Global Steam Trap Market from 2020-2026 Segment by Type
12.3 Future Forecast of Global Steam Trap Market from 2020-2026 Segment by Application
13. Investment Analysis
13.1 Fundamental Analysis (Porter's Five Forces Analysis)
13.2 Technical Preparation Analysis
13.3 Risk Evaluating Analysis
13.4 Estimated Investment Pay-Back Period
14 Research Methodology
14.1 Research Data
14.1.1 Secondary Data
14.1.2 Primary Data
14.2 Revenue Estimation
14.2.1 Bottom-Up Approach
14.2.2 Top-Down Approach (Involves time, Space, and Persons)
14.3 Data Triangulation
14.4 Assumptions
14.5 Hypothesis of this Research, Clear, specific, and testable statement of this research
14.6 Limitations of Our Study
14.7 Scene Based Modeling
15 Disclaimer
Research Methodology:
Steam Trap Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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