The North America and Europe steam trap market was valued at US$ 2,598.67 million in 2020 and is projected to reach US$ 3,969.11 million by 2028; it is expected to grow at a CAGR of 5.6% during the forecast period of 2020 to 2028.
The surging demand for electronic products is a key factor encouraging developments in steam traps across North America and Europe. Rising sustainability concerns, burgeoning demand for energy-efficient solutions, and enforcement of stringent regulations to reduce carbon footprint across different industries are the additional factors bolstering the market growth in these regions. Steam traps are widely being used across the pharmaceuticals, paper & pulp, food & beverages, and oil & gas industries across North America and Europe.
Stream traps are deployed across industries to release non-condensable and condensable gasses with insignificant live steam loss. A drain valve differentiates between steam and condensate. The steam traps retain steam and release condensates under different pressure or load conditions. The working of steam traps is like redid valve that opens, modifies, or closes automatically. Several government and regulatory bodies are imposing a strict regulatory framework to reduce carbon footprint; in addition to this, rising sustainability concerns leading end-user industries to deploy steam traps to cut down their fuel cost are favoring the growth market. Europe is a one of the key regions for the growth of steam trap market with the presence of many developed countries such as Germany, the UK, France, Italy, Norway, and Sweden. The steam trap manufacturing industry in the region has been impacted due to disruptions in supply chains due to the COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. The outbreak, as well as the measures imposed to control its effects, has been causing delays in the supply of electronic components. Europe is a manufacturing and industrial hub for sectors such as oil & gas, pharmaceuticals, and food & beverages. However, it is facing an economic slowdown due to business lockdowns, travel bans, and supply chain disruptions, and the impact is likely to continue in 2021 as well.
The steam trap market is segmented on the bases of product type, application, and end-user. Based on product type, the market is segmented into mechanical, thermodynamic, and thermostatic. The mechanical segment accounted for a dominant share of the market in 2020. In terms of application, the North America and Europe steam trap market is segmented into drip, process, and tracing. The tracing application accounts for a major share of the market. In terms of end-user, the North America and Europe steam trap market is segmented into oil and gas, pharmaceuticals, food and beverage, pulp and paper, and others. The oil and gas sector is one of the key adopters of steam traps.
The manufacturing industries in the world have been investing substantial amounts in the adoption of automated and intelligent industrial solutions. The continuous increase in the number of industrial machinery setups being installed provides lucrative growth opportunities for steam trap market players, especially in developed regions such as North America and Europe. With the huge acceptance for technological advancements, enterprises in the countries in these regions are focusing on transforming their factories into smart factories. The countries with a considerably higher number of manufacturing facilities - including the US, Canada, the UK, Germany, and France, among others - are continually seeking advanced technology equipment in manufacturing facilities across different industries. With the constant rise in production and demand, the expansion of manufacturing facilities becomes one of the prime growth strategies for manufacturers, which is the key factor for boosting the demand for insulation products. Key players operating in the North America and Europe steam trap market are Spirax-Sarco Engineering Plc, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Watts Water Technologies, Inc., Watson McDaniel, Velan Inc., Thermax Limited, Thermal Energy International Inc., and Bestobell Steam Traps, among others.
The overall North America and Europe steam trap market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America and Europe steam trap market based on all the segments. Also, primary interviews were conducted with industry participants to validate data as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the North America and Europe steam trap market.
Reasons to Buy
Stream traps are deployed across industries to release non-condensable and condensable gasses with insignificant live steam loss. A drain valve differentiates between steam and condensate. The steam traps retain steam and release condensates under different pressure or load conditions. The working of steam traps is like redid valve that opens, modifies, or closes automatically. Several government and regulatory bodies are imposing a strict regulatory framework to reduce carbon footprint; in addition to this, rising sustainability concerns leading end-user industries to deploy steam traps to cut down their fuel cost are favoring the growth market. Europe is a one of the key regions for the growth of steam trap market with the presence of many developed countries such as Germany, the UK, France, Italy, Norway, and Sweden. The steam trap manufacturing industry in the region has been impacted due to disruptions in supply chains due to the COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. The outbreak, as well as the measures imposed to control its effects, has been causing delays in the supply of electronic components. Europe is a manufacturing and industrial hub for sectors such as oil & gas, pharmaceuticals, and food & beverages. However, it is facing an economic slowdown due to business lockdowns, travel bans, and supply chain disruptions, and the impact is likely to continue in 2021 as well.
The steam trap market is segmented on the bases of product type, application, and end-user. Based on product type, the market is segmented into mechanical, thermodynamic, and thermostatic. The mechanical segment accounted for a dominant share of the market in 2020. In terms of application, the North America and Europe steam trap market is segmented into drip, process, and tracing. The tracing application accounts for a major share of the market. In terms of end-user, the North America and Europe steam trap market is segmented into oil and gas, pharmaceuticals, food and beverage, pulp and paper, and others. The oil and gas sector is one of the key adopters of steam traps.
The manufacturing industries in the world have been investing substantial amounts in the adoption of automated and intelligent industrial solutions. The continuous increase in the number of industrial machinery setups being installed provides lucrative growth opportunities for steam trap market players, especially in developed regions such as North America and Europe. With the huge acceptance for technological advancements, enterprises in the countries in these regions are focusing on transforming their factories into smart factories. The countries with a considerably higher number of manufacturing facilities - including the US, Canada, the UK, Germany, and France, among others - are continually seeking advanced technology equipment in manufacturing facilities across different industries. With the constant rise in production and demand, the expansion of manufacturing facilities becomes one of the prime growth strategies for manufacturers, which is the key factor for boosting the demand for insulation products. Key players operating in the North America and Europe steam trap market are Spirax-Sarco Engineering Plc, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Watts Water Technologies, Inc., Watson McDaniel, Velan Inc., Thermax Limited, Thermal Energy International Inc., and Bestobell Steam Traps, among others.
The overall North America and Europe steam trap market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America and Europe steam trap market based on all the segments. Also, primary interviews were conducted with industry participants to validate data as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the North America and Europe steam trap market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America and Europe steam trap market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America and Europe steam trap market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America and Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America and Europe Steam Trap Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America- PEST Analysis
4.2.2 Europe - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America and Europe Steam Trap Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Developments in Energy & Power Sectors
5.1.2 Increasing Number of Oil & Gas Projects
5.2 Market Restraints
5.2.1 Lack of Efficient Maintenance Programs for Steam Traps
5.3 Opportunity
5.3.1 Continuous Growth in Manufacturing Sector
5.4 Trends
5.4.1 Development of IoT Sensor Technology for Steam Traps
5.5 Impact Analysis of Drivers and Restraints
6. Steam Trap - North America and Europe Market Analysis
6.1 North America and Europe Steam Trap Market Overview
6.2 North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
6.3 Market Positioning - North America and Europe Market Players Ranking
7. North America and Europe Steam Trap Market Analysis - By Product Type
7.1 Overview
7.2 North America and Europe Steam Trap Market, By Product Type (2020 and 2028)
7.3 Mechanical
7.3.1 Overview
7.3.2 Mechanical: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Thermodynamic
7.4.1 Overview
7.4.2 Thermodynamic: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
7.5 Thermostatic
7.5.1 Overview
7.5.2 Thermostatic: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
8. North America and Europe Steam Trap Market Analysis - By Application
8.1 Overview
8.2 North America and Europe Steam Trap Market, By Application (2020 and 2028)
8.3 Drip
8.3.1 Overview
8.3.2 Drip: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
8.4 Tracing
8.4.1 Overview
8.4.2 Tracing: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
8.5 Process
8.5.1 Overview
8.5.2 Process: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
9. North America and Europe Steam Trap Market Analysis - By End-User
9.1 Overview
9.2 North America and Europe Steam Trap Market, By End-User (2020 and 2028)
9.3 Oil and Gas
9.3.1 Overview
9.3.2 Oil and Gas: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
9.4 Pharmaceuticals
9.4.1 Overview
9.4.2 Pharmaceuticals: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
9.5 Food and Beverage
9.5.1 Overview
9.5.2 Food and Beverage: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
9.6 Pulp and Paper
9.6.1 Overview
9.6.2 Pulp and Paper: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
10. Steam Trap Market - Regional Analysis
10.1 North America: Steam Trap Market
10.1.1 North America: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2 North America: Steam Trap Market, by Product Type
10.1.3 North America: Steam Trap Market, by Application
10.1.4 North America: Steam Trap Market, by End-User
10.1.5 North America: Steam Trap Market, by Key Country
10.1.5.1 US: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 US: Steam Trap Market, by Product Type
10.1.5.1.2 US: Steam Trap Market, by Application
10.1.5.1.3 US: Steam Trap Market, by End-User
10.1.5.2 Canada: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Canada: Steam Trap Market, by Product Type
10.1.5.2.2 Canada: Steam Trap Market, by Application
10.1.5.2.3 Canada: Steam Trap Market, by End-User
10.1.5.3 Mexico: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Mexico: Steam Trap Market, by Product Type
10.1.5.3.2 Mexico: Steam Trap Market, by Application
10.1.5.3.3 Mexico: Steam Trap Market, by End-User
10.2 Europe: Steam Trap Market
10.2.1 Europe: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.2 Europe: Steam Trap Market, by Product Type
10.2.3 Europe: Steam Trap Market, by Application
10.2.4 Europe: Steam Trap Market, by End-User
10.2.5 Europe: Steam Trap Market, by Key Country
10.2.5.1 Germany: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 Germany: Steam Trap Market, by Product Type
10.2.5.1.2 Germany: Steam Trap Market, by Application
10.2.5.1.3 Germany: Steam Trap Market, by End-User
10.2.5.2 France: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 France: Steam Trap Market, by Product Type
10.2.5.2.2 France: Steam Trap Market, by Application
10.2.5.2.3 France: Steam Trap Market, by End-User
10.2.5.3 Italy: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Italy: Steam Trap Market, by Product Type
10.2.5.3.2 Italy: Steam Trap Market, by Application
10.2.5.3.3 Italy: Steam Trap Market, by End-User
10.2.5.4 UK: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.4.1 UK: Steam Trap Market, by Product Type
10.2.5.4.2 UK: Steam Trap Market, by Application
10.2.5.4.3 UK: Steam Trap Market, by End-User
10.2.5.5 Russia: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.5.1 Russia: Steam Trap Market, by Product Type
10.2.5.5.2 Russia: Steam Trap Market, by Application
10.2.5.5.3 Russia: Steam Trap Market, by End-User
10.2.5.6 Rest of Europe: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.6.1 Rest of Europe: Steam Trap Market, by Product Type
10.2.5.6.2 Rest of Europe: Steam Trap Market, by Application
10.2.5.6.3 Rest of Europe: Steam Trap Market, by End-User
11. North America and Europe Steam Trap Market- COVID-19 Impact Analysis
11.1 North America
11.2 Europe
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Bestobell Steam Traps
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Emerson Electric Co.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Thermal Energy International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Spirax-Sarco Engineering plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Thermax Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CIRCOR International, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Flowserve Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Velan Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Watson McDaniel
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Watts Water Technologies, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Tables
Table 1. North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Steam Trap Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (Canada$ Million)
Table 12. Mexico: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (Mexico$ Million)
Table 15. Europe: Steam Trap Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Steam Trap Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Steam Trap Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Steam Trap Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Steam Trap Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 37. List of Abbreviation
List of Figures
Figure 1. North America and Europe Steam Trap Market Segmentation
Figure 2. North America and Europe Steam Trap Market Segmentation - By Geography
Figure 3. North America and Europe Steam Trap Market Overview
Figure 4. Mechanical Product Type to Dominate the North America and Europe Steam Trap Market
Figure 5. Tracing Application to Dominate the North America and Europe Steam Trap Market
Figure 1. Oil and Gas End-User to Dominate the North America and Europe Steam Trap Market
Figure 2. North America- PEST Analysis
Figure 3. Europe - PEST Analysis
Figure 4. North America and Europe Steam Trap Market - Ecosystem Analysis
Figure 5. Expert Opinion
Figure 6. North America and Europe steam trap market Impact Analysis of Drivers and Restraints
Figure 7. North America and Europe: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 8. North America and Europe Steam Trap Market Revenue Share, by Product Type (2020 and 2028)
Figure 9. Mechanical: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 10. Thermodynamic: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 11. Thermostatic: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 12. North America and Europe Steam Trap Market Revenue Share, by Application (2020 and 2028)
Figure 13. Drip: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Tracing: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Process: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. North America and Europe Steam Trap Market Revenue Share, by End-User (2020 and 2028)
Figure 17. Oil and Gas: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Pharmaceuticals: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Food and Beverage: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Pulp and Paper: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Others: North America and Europe Steam Trap Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 22. North America: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Steam Trap Market Revenue Share, by Product Type (2020 and 2028)
Figure 24. North America: Steam Trap Market Revenue Share, by Application (2020 and 2028)
Figure 25. North America: Steam Trap Market Revenue Share, by End-User (2020 and 2028)
Figure 26. North America: Steam Trap Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Steam Trap Market Revenue Share, by Product Type (2020 and 2028)
Figure 32. Europe: Steam Trap Market Revenue Share, by Application (2020 and 2028)
Figure 33. Europe: Steam Trap Market Revenue Share, by End-User (2020 and 2028)
Figure 34. Europe: Steam Trap Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Germany: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. France: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Italy: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. UK: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. Russia: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: Steam Trap Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic on North America Steam Trap Market
Figure 42. Impact of COVID-19 Pandemic on Europe Steam Trap Market
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Spirax-Sarco Engineering Plc
- Flowserve Corporation
- Circor International, Inc.
- Emerson Electric Co.
- Watts Water Technologies, Inc.
- Watson McDaniel
- Velan Inc.
- Thermax Limited
- Thermal Energy International Inc.
- Bestobell Steam Traps
Table Information
| Report Attribute | Details |
|---|---|
| Published | April 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 2598.67 Million |
| Forecasted Market Value ( USD | $ 3969.11 Million |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Europe, North America |
