Closed Steam Condensate Recovery Device Market Report 2026

The closed steam condensate recovery device market size has grown strongly in recent years. It will grow from $102.42 billion in 2025 to $108.29 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to high industrial energy consumption, need for steam loss reduction, rising fuel costs, expansion of boiler based systems, adoption of heat recovery technologies.

The closed steam condensate recovery device market size is expected to see strong growth in the next few years. It will grow to $133.71 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to industrial energy efficiency mandates, sustainability initiatives, automation of steam systems, cost reduction strategies, growth in process manufacturing. Major trends in the forecast period include rising adoption of energy recovery systems, growing focus on steam system efficiency, expansion of closed loop condensate recovery, integration with automated steam control systems, increasing use in process industries.

The growth of the food and beverage sector is expected to drive the expansion of the closed steam condensate recovery device market in the coming years. The food and beverage sector includes businesses engaged in producing, processing, packaging, distributing, and selling food and beverages to consumers. Its expansion is fueled by a rising global population, growing consumer demand for convenience foods and drinks, evolving dietary preferences, and increasing middle-class incomes, particularly in emerging markets. Closed steam condensate recovery devices are used in this industry to improve energy efficiency, reduce water consumption, and maintain process hygiene by preventing contamination. For example, in March 2025, a report by Statistics Canada indicated that total sales by food and beverage retailers in 2023 rose 3.8% to CAD 156.4 billion (US$ 114.2 billion), with operating expenses increasing by 4% to CAD 34.7 billion (US$ 25.3 billion) and the cost of goods sold rising 4% to CAD 110.7 billion (US$ 80.8 billion). Therefore, the sector’s expansion is boosting the demand for closed steam condensate recovery devices.

The closed steam condensate recovery device market is being influenced by the introduction of advanced products, such as steam trap monitoring solutions, which enhance energy efficiency, minimize water usage, and reduce environmental impact. Steam trap monitoring solutions are designed to track the performance and condition of steam traps within a closed-steam system, ensuring efficient operation, lowering maintenance costs, and optimizing overall system performance. For instance, in October 2023, IMI Critical Engineering, a UK-based company, launched the STM-10 Steam Trap Monitoring Solution. This device provides real-time monitoring of steam traps to detect failures and inefficiencies that can lead to energy loss and higher operational costs. The STM-10 features wireless compact sensors to track critical process conditions, combined with advanced software employing smart algorithms to promptly identify blockages or leaks, supporting proactive maintenance while reducing energy costs, CO2 emissions, and the risk of wet steam erosion damage.

In May 2024, Tranter Inc., a US-based manufacturer of closed-steam condensate recovery devices, partnered with Hexxcell Ltd. to enhance industrial plate and frame heat exchanger monitoring and predictive maintenance. This collaboration aims to improve operational efficiency, lower costs, and create sustainable opportunities for customers, representing a significant advancement in the industry. Hexxcell Ltd. is a UK-based digital technology provider for industrial heat transfer systems.

Major companies operating in the closed steam condensate recovery device market are Spirax-Sarco Engineering plc, Armstrong International Inc., Forbes Marshall Pvt. Ltd., Thermax Limited, TLV International Inc., GESTRA AG, Valsteam ADCA Engineering SA, ARI-Armaturen Albert Richter GmbH & Co. KG, Emerson Electric Co., Kadant Inc., Cleaver-Brooks, Inc., Thermodyne Engineering Systems, Pennant Engineering Pvt. Ltd., Mechanical Equipment & Pump Co., Watson McDaniel Company, Yoshitake Inc., Sempell GmbH, MIYAWAKI Inc., Danfoss A/S, Cameron (Valve & Measurement), CIRCOR International, Inc., Fulton Boiler Works, Inc.

Asia-Pacific was the largest region in the closed steam condensate recovery device market in 2025. The regions covered in the closed steam condensate recovery device market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the closed steam condensate recovery device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The closed steam condensate recovery device market consists of steam traps, condensate pumps, flash steam recovery systems, heat exchangers and pressure reducing valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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