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The steam traps market is forecasted to grow by USD 1401.96 mn during 2022-2027, accelerating at a CAGR of 5.75% during the forecast period. The report on the steam traps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emerging heat recovery steam generator technology for power generation, real-time automated steam trap monitoring, and the development of GTCC and IGCC technologies.
The steam traps market is segmented as below:
By End-user
- Petroleum
- Thermal power
- Chemical and others
By Material
- Steel
- Iron
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the steam traps market covers the following areas:
- Steam traps market sizing
- Steam traps market forecast
- Steam traps market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies as the key players in the global steam traps market: Armstrong International Inc., CIRCOR International Inc., Emerson Electric Co., Flowserve Corp., Pentair Plc, Schlumberger Ltd., Spirax-Sarco Engineering Plc, The Weir Group Plc, Thermax Ltd., and TLV Co. Ltd..Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is development of IoT sensor technology for steam traps.“
According to the report, one of the major drivers for this market is the emerging heat recovery steam generator technology for power generation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
