Steam Trap Monitor Market Report 2026

The steam trap monitor market size has grown strongly in recent years. It will grow from $1.37 billion in 2025 to $1.46 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to high steam energy losses, industrial efficiency programs, maintenance cost reduction needs, growth in automated plants, safety compliance requirements.

The steam trap monitor market size is expected to see strong growth in the next few years. It will grow to $1.85 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to industrial iot adoption, demand for smart factories, rising energy costs, focus on carbon reduction, expansion of condition monitoring systems. Major trends in the forecast period include rising adoption of predictive maintenance solutions, integration of wireless monitoring systems, focus on energy loss reduction, expansion of industrial automation, demand for real time steam system analytics.

The rising demand for energy-efficient systems is expected to drive the growth of the steam trap monitor market moving forward. Energy-efficient systems are designed to use less energy while delivering the same or better performance compared to traditional systems. This growing demand is driven by increasing energy costs, which encourage businesses and consumers to adopt technologies that reduce energy consumption and lower operating expenses. Steam trap monitors support energy-efficient systems by continuously detecting steam leaks and failures, minimizing unnecessary energy loss, optimizing steam usage, and improving overall system efficiency and sustainability. For example, according to a report published in March 2025 by the Department for Energy Security and Net Zero, a UK-based government department, energy efficiency schemes facilitated the installation of about 420,600 energy efficiency measures in 2024, marking a 27% increase compared to 2023. Hence, the rising demand for energy-efficient systems is fueling the growth of the steam trap monitor market.

Leading companies in the steam trap monitor market are emphasizing technological innovations such as AI-powered predictive maintenance systems to boost steam system performance, reduce energy waste, and minimize unplanned downtime in industrial facilities. AI-powered predictive maintenance systems use artificial intelligence to monitor equipment, analyze data, and predict maintenance needs to prevent unexpected failures. For instance, in October 2024, Yokogawa Electric Corporation, a Japan-based provider of industrial automation and test and measurement solutions, introduced an explosion-protected wireless steam trap monitoring device with superior environmental resistance and wide-area coverage. This device offers enhanced safety and efficiency in steam systems operating in hazardous environments, featuring durable explosion-proof housing to prevent ignition in flammable atmospheres, wireless connectivity for real-time monitoring without complex wiring, and long-lasting battery operation for maintenance-free performance. It continuously monitors steam trap conditions, detecting leaks or failures early to reduce energy losses and downtime. Additionally, it can integrate smoothly with plant monitoring systems, enabling predictive maintenance while ensuring compliance with stringent safety standards in industries such as oil and gas, chemical, and petrochemical plants.

In May 2025, AbbVie Inc., a US-based biopharmaceutical company, partnered with Emerson to deploy wireless steam trap monitoring solutions at its manufacturing and research and development facilities. Through this collaboration, AbbVie aims to improve energy efficiency, enhance product quality, and increase reliability in its steam systems by utilizing Emerson’s advanced Plantweb digital ecosystem and wireless acoustic transmitters to detect steam leaks and optimize maintenance practices. Emerson Electric Co. is a US-based automation technology firm.

Major companies operating in the steam trap monitor market are Henkel AG & Co KGaA, IMI Critical Engineering, Spirax-Sarco Engineering plc, Armstrong International Inc., Forbes Marshall Private Limited, Thermax Limited, BiTherm SA, GESTRA AG, Yoshitake Inc., Carotek Inc., Faclon Labs Private Limited, SONOTEC GmbH, Shoplogix Inc., Pulse Industrial Inc., Cypress Envirosystems Inc., Brenpower Technology Co Ltd., TLV Co. Ltd., DCO Systems Ltd, SteamIQ LLC, TWTG.

North America was the largest region in the steam trap monitor market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steam trap monitor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steam trap monitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steam trap monitor market consists of sales of explosion-protected wireless steam trap monitors, ultrasonic steam trap testers, thermal imaging-based steam trap monitors, and IoT-enabled steam trap monitoring systems. 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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