Industry: Machinery & Equipment
Published Date: 2024-04-25
Pages: 109 Pages
Report ld: 3061472
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Steam Trap Market Size(US$)

CAGR 2024-2030
3.7%
Market Size,2030
USD 1,095.1
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
A steam trap is an automatic valve that allows condensate, air and other non-condensable gases to be discharged from the steam system while holding or trapping the steam in the system. In industry, steam is used regularly for heating or as a driving force for mechanical power. Steam Traps are used in such applications to ensure that steam is not wasted.
The global Steam Trap market is projected to grow from US$ 882.7 million in 2024 to US$ 1095.1 million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period.
Spirax Sarco, Armstrong, TLV, Velan, Emerson, ARI and Forbes Marshall are the key players of Steam Traps. Spirax Sarco is the leader of this industry by 31% market shares.
In terms of production side, this report researches the Steam Trap production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Steam Trap by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for Steam Trap, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Steam Trap, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Steam Trap, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Steam Trap sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Steam Trap market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Steam Trap sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Spirax-Sarco Engineering, Pentair, The Weir Group, Flowserve, Circor, Emerson Electric, Schlumberger, Thermax and Velan, etc.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Steam Trap production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Steam Trap in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Steam Trap manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Steam Trap sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Steam Trap Product Introduction
1.2 Market by Type
1.2.1 Global Steam Trap Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Thermodynamic
1.2.3 Mechanical
1.2.4 Thermostatic
1.3 Market by Application
1.3.1 Global Steam Trap Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Drip Application
1.3.3 Process Application
1.3.4 Tracing Application
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Steam Trap Production
2.1 Global Steam Trap Production Capacity (2019-2030)
2.2 Global Steam Trap Production by Region: 2019 VS 2023 VS 2030
2.3 Global Steam Trap Production by Region
2.3.1 Global Steam Trap Historic Production by Region (2019-2024)
2.3.2 Global Steam Trap Forecasted Production by Region (2025-2030)
2.3.3 Global Steam Trap Production Market Share by Region (2019-2030)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global Steam Trap Revenue Estimates and Forecasts 2019-2030
3.2 Global Steam Trap Revenue by Region
3.2.1 Global Steam Trap Revenue by Region: 2019 VS 2023 VS 2030
3.2.2 Global Steam Trap Revenue by Region (2019-2024)
3.2.3 Global Steam Trap Revenue by Region (2025-2030)
3.2.4 Global Steam Trap Revenue Market Share by Region (2019-2030)
3.3 Global Steam Trap Sales Estimates and Forecasts 2019-2030
3.4 Global Steam Trap Sales by Region
3.4.1 Global Steam Trap Sales by Region: 2019 VS 2023 VS 2030
3.4.2 Global Steam Trap Sales by Region (2019-2024)
3.4.3 Global Steam Trap Sales by Region (2025-2030)
3.4.4 Global Steam Trap Sales Market Share by Region (2019-2030)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufactures
4.1 Global Steam Trap Sales by Manufacturers
4.1.1 Global Steam Trap Sales by Manufacturers (2019-2024)
4.1.2 Global Steam Trap Sales Market Share by Manufacturers (2019-2024)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Steam Trap in 2023
4.2 Global Steam Trap Revenue by Manufacturers
4.2.1 Global Steam Trap Revenue by Manufacturers (2019-2024)
4.2.2 Global Steam Trap Revenue Market Share by Manufacturers (2019-2024)
4.2.3 Global Top 10 and Top 5 Companies by Steam Trap Revenue in 2023
4.3 Global Steam Trap Sales Price by Manufacturers
4.4 Global Key Players of Steam Trap, Industry Ranking, 2022 VS 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Steam Trap Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Steam Trap, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Steam Trap, Product Offered and Application
4.8 Global Key Manufacturers of Steam Trap, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Steam Trap Sales by Type
5.1.1 Global Steam Trap Historical Sales by Type (2019-2024)
5.1.2 Global Steam Trap Forecasted Sales by Type (2025-2030)
5.1.3 Global Steam Trap Sales Market Share by Type (2019-2030)
5.2 Global Steam Trap Revenue by Type
5.2.1 Global Steam Trap Historical Revenue by Type (2019-2024)
5.2.2 Global Steam Trap Forecasted Revenue by Type (2025-2030)
5.2.3 Global Steam Trap Revenue Market Share by Type (2019-2030)
5.3 Global Steam Trap Price by Type
5.3.1 Global Steam Trap Price by Type (2019-2024)
5.3.2 Global Steam Trap Price Forecast by Type (2025-2030)
6 Market Size by Application
6.1 Global Steam Trap Sales by Application
6.1.1 Global Steam Trap Historical Sales by Application (2019-2024)
6.1.2 Global Steam Trap Forecasted Sales by Application (2025-2030)
6.1.3 Global Steam Trap Sales Market Share by Application (2019-2030)
6.2 Global Steam Trap Revenue by Application
6.2.1 Global Steam Trap Historical Revenue by Application (2019-2024)
6.2.2 Global Steam Trap Forecasted Revenue by Application (2025-2030)
6.2.3 Global Steam Trap Revenue Market Share by Application (2019-2030)
6.3 Global Steam Trap Price by Application
6.3.1 Global Steam Trap Price by Application (2019-2024)
6.3.2 Global Steam Trap Price Forecast by Application (2025-2030)
7 US & Canada
7.1 US & Canada Steam Trap Market Size by Type
7.1.1 US & Canada Steam Trap Sales by Type (2019-2030)
7.1.2 US & Canada Steam Trap Revenue by Type (2019-2030)
7.2 US & Canada Steam Trap Market Size by Application
7.2.1 US & Canada Steam Trap Sales by Application (2019-2030)
7.2.2 US & Canada Steam Trap Revenue by Application (2019-2030)
7.3 US & Canada Steam Trap Sales by Country
7.3.1 US & Canada Steam Trap Revenue by Country: 2019 VS 2023 VS 2030
7.3.2 US & Canada Steam Trap Sales by Country (2019-2030)
7.3.3 US & Canada Steam Trap Revenue by Country (2019-2030)
7.3.4 U.S.
7.3.5 Canada
8 Europe
8.1 Europe Steam Trap Market Size by Type
8.1.1 Europe Steam Trap Sales by Type (2019-2030)
8.1.2 Europe Steam Trap Revenue by Type (2019-2030)
8.2 Europe Steam Trap Market Size by Application
8.2.1 Europe Steam Trap Sales by Application (2019-2030)
8.2.2 Europe Steam Trap Revenue by Application (2019-2030)
8.3 Europe Steam Trap Sales by Country
8.3.1 Europe Steam Trap Revenue by Country: 2019 VS 2023 VS 2030
8.3.2 Europe Steam Trap Sales by Country (2019-2030)
8.3.3 Europe Steam Trap Revenue by Country (2019-2030)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Steam Trap Market Size by Type
9.1.1 China Steam Trap Sales by Type (2019-2030)
9.1.2 China Steam Trap Revenue by Type (2019-2030)
9.2 China Steam Trap Market Size by Application
9.2.1 China Steam Trap Sales by Application (2019-2030)
9.2.2 China Steam Trap Revenue by Application (2019-2030)
10 Asia (excluding China)
10.1 Asia Steam Trap Market Size by Type
10.1.1 Asia Steam Trap Sales by Type (2019-2030)
10.1.2 Asia Steam Trap Revenue by Type (2019-2030)
10.2 Asia Steam Trap Market Size by Application
10.2.1 Asia Steam Trap Sales by Application (2019-2030)
10.2.2 Asia Steam Trap Revenue by Application (2019-2030)
10.3 Asia Steam Trap Sales by Region
10.3.1 Asia Steam Trap Revenue by Region: 2019 VS 2023 VS 2030
10.3.2 Asia Steam Trap Revenue by Region (2019-2030)
10.3.3 Asia Steam Trap Sales by Region (2019-2030)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Steam Trap Market Size by Type
11.1.1 Middle East, Africa and Latin America Steam Trap Sales by Type (2019-2030)
11.1.2 Middle East, Africa and Latin America Steam Trap Revenue by Type (2019-2030)
11.2 Middle East, Africa and Latin America Steam Trap Market Size by Application
11.2.1 Middle East, Africa and Latin America Steam Trap Sales by Application (2019-2030)
11.2.2 Middle East, Africa and Latin America Steam Trap Revenue by Application (2019-2030)
11.3 Middle East, Africa and Latin America Steam Trap Sales by Country
11.3.1 Middle East, Africa and Latin America Steam Trap Revenue by Country: 2019 VS 2023 VS 2030
11.3.2 Middle East, Africa and Latin America Steam Trap Revenue by Country (2019-2030)
11.3.3 Middle East, Africa and Latin America Steam Trap Sales by Country (2019-2030)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profiles
12.1 Spirax-Sarco Engineering
12.1.1 Spirax-Sarco Engineering Company Information
12.1.2 Spirax-Sarco Engineering Overview
12.1.3 Spirax-Sarco Engineering Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.1.4 Spirax-Sarco Engineering Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 Spirax-Sarco Engineering Recent Developments
12.2 Pentair
12.2.1 Pentair Company Information
12.2.2 Pentair Overview
12.2.3 Pentair Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.2.4 Pentair Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Pentair Recent Developments
12.3 The Weir Group
12.3.1 The Weir Group Company Information
12.3.2 The Weir Group Overview
12.3.3 The Weir Group Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.3.4 The Weir Group Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 The Weir Group Recent Developments
12.4 Flowserve
12.4.1 Flowserve Company Information
12.4.2 Flowserve Overview
12.4.3 Flowserve Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.4.4 Flowserve Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Flowserve Recent Developments
12.5 Circor
12.5.1 Circor Company Information
12.5.2 Circor Overview
12.5.3 Circor Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.5.4 Circor Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Circor Recent Developments
12.6 Emerson Electric
12.6.1 Emerson Electric Company Information
12.6.2 Emerson Electric Overview
12.6.3 Emerson Electric Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.6.4 Emerson Electric Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Emerson Electric Recent Developments
12.7 Schlumberger
12.7.1 Schlumberger Company Information
12.7.2 Schlumberger Overview
12.7.3 Schlumberger Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.7.4 Schlumberger Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Schlumberger Recent Developments
12.8 Thermax
12.8.1 Thermax Company Information
12.8.2 Thermax Overview
12.8.3 Thermax Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.8.4 Thermax Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Thermax Recent Developments
12.9 Velan
12.9.1 Velan Company Information
12.9.2 Velan Overview
12.9.3 Velan Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.9.4 Velan Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Velan Recent Developments
12.10 Watts Water Technologies
12.10.1 Watts Water Technologies Company Information
12.10.2 Watts Water Technologies Overview
12.10.3 Watts Water Technologies Steam Trap Sales, Price, Revenue and Gross Margin (2019-2024)
12.10.4 Watts Water Technologies Steam Trap Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 Watts Water Technologies Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Steam Trap Industry Chain Analysis
13.2 Steam Trap Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Steam Trap Production Mode & Process
13.4 Steam Trap Sales and Marketing
13.4.1 Steam Trap Sales Channels
13.4.2 Steam Trap Distributors
13.5 Steam Trap Customers
14 Steam Trap Market Dynamics
14.1 Steam Trap Industry Trends
14.2 Steam Trap Market Drivers
14.3 Steam Trap Market Challenges
14.4 Steam Trap Market Restraints
15 Key Finding in The Global Steam Trap Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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A steam trap is an automatic valve that allows condensate, air and other non-condensable gases to be discharged from the steam system while holding or trapping the steam in the system. In industry, steam is used regularly for heating or as a driving force for mechanical power. Steam Traps are used in such applications to ensure that steam is not wasted.
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The global Steam Trap market is projected to grow from US$ 912 million in 2024 to US$ 1168 million by 2031, at a CAGR of 3.7% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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