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Global Steam Muffler Market Outlook, In‑Depth Analysis & Forecast to 2031
Industry: Machinery & Equipment
Published Date: 2025-11-28
Pages: 171 Pages
Report ld: 5090773
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Steam Muffler Market Size(US$)
CAGR 2025-2031
5.5%
Market Size,2031
USD 53.25
Million
Market Snapshot
Market Size in 2025 (Value)
US$ 38.73 million
Market Forecast in 2031(Value)
US$ 53.25 million
CAGR
5.5%
Years Considered
2020-2031
Base Year
2025
Forecast Period
2025-2031
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Steam Muffler market is projected to grow from US$ 36.51 million in 2024 to US$ 53.25 million by 2031, at a CAGR of 5.5% (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.
A steam muffler is a device used in steam systems to reduce noise and control the release of steam from valves, vents, or exhaust outlets. When steam is released at high pressure and velocity, it can generate loud noise, vibration, and even safety hazards. A steam muffler typically contains a series of chambers, baffles, or porous materials that absorb the kinetic energy of the escaping steam, dissipate pressure, and decrease sound levels. In 2024, global Steam Muffler production reached approximately 4458 units with an average global market price of around US$ 8,190 per unit. The production capacity for Steam Muffler in 2024 was approximately 5000 units. The typical gross profit margin for Steam Muffler is between 20% and 40%. The steam muffler industry chain has upstream suppliers providing metals such as stainless steel and carbon steel, welding and fabrication equipment, as well as design and engineering services. The downstream includes power plants, chemical plants, paper mills, food processing facilities, and various industrial steam systems, where steam mufflers are used to reduce exhaust noise, protect equipment, and enhance operational safety. With stricter industrial noise control and safety standards, demand for high-efficiency, corrosion-resistant, and customized steam mufflers is growing, driving technological upgrades and product diversification across the entire industry chain.
The steam muffler market primarily serves industries such as power generation, chemical, petrochemical, pharmaceutical, and pulp & paper, providing noise reduction, pressure fluctuation control, and equipment protection during steam venting processes. Market demand is driven by industrial automation, environmental regulations, plant safety standards, and new or retrofitted projects, with particular importance in reducing noise pollution and improving operational efficiency. As environmental requirements tighten and steam equipment technology advances, steam mufflers are evolving toward high-pressure resistance, corrosion resistance, low maintenance, and intelligent control.
Report Includes:
This definitive report equips business leaders, decision-makers and stakeholders with a 360° view of the global Steam Muffler market, seamlessly integrating production capacity and sales performance across the value chain. It analyzes historical production, revenue, and sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—capacity, sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
MARKET SEGMENTATION
By Company
- Ventx
- IMI plc
- IAC Acoustics
- VAW Systems
- EI Williams
- Dürr Universal
- Ergil
- CECO Environmental
- Glaunach
- SVI BREMCO
- Maxim Silencers (MIRATECH)
- Tianyu Petrochemical Metallurgy Equipment
- Industrial & Marine Silencers
- Stopson Italiana
- Cleaver-Brooks
- dB Noise Reduction
- Zhenghang Electric Energy Conservation Technology
Consumption by Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Segment by Type
- Reactive Muffler
- Absorptive Muffler
- Combined Muffler
Segment by Application
- Power Generation
- Oil and Gas
- Industrial Manufacturing
- Chemical
- Others
Segment by Category
- Exhaust-end Type
- In-line Type
Segment by Division
- Carbon Steel
- Stainless Steel
- Alloy
CHAPTER OUTLINE
Chapter 1: Defines the Steam Muffler study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
Chapter 3: Maps global production capacity, utilization, and market share (2020–2031), identifies efficient hubs, reveals regulatory/trade policy impacts and bottlenecks.
Chapter 4: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
Chapter 5: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
Chapter 6: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
Chapter 7: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
Chapter 8: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
Chapter 9: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
Chapter 10: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
Chapter 11: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
Chapter 12: Profiles manufacturers in depth—details product specs, capacity, sales, revenue, margins; top manufactures 2024 sales breakdowns by product type, by Application, by sales region SWOT analysis, and recent strategic developments.
Chapter 13: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint and technology, cost drivers, plus downstream channels and distributor roles.
Chapter 14: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 15: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
Allocate capital strategically to high growth regions (Chapters 7–11) and margin rich segments (Chapter 5).
Negotiate from strength with suppliers (Chapter 13) and customers (Chapter 6) using cost and demand intelligence.
Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 4 and 12).
Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 13 and 14).
Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.
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:
Market entry risks/opportunities by region
We identify regional market threats and growth prospects to guide your overseas layout.
Product mix optimization based on local practices
We adjust product portfolios in line with local consumption habits.
Competitor tactics in fragmented vs. consolidated markets
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
Full Research Coverage
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
19 Years Industry Expertise
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
24/7 Fast Report Delivery
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
Localized Strategic Analysis
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
Market entry risks/opportunities by region
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
Market entry risks/opportunities by region
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 Introduction to Steam Muffler: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Steam Muffler Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Reactive Muffler
1.2.3 Absorptive Muffler
1.2.4 Combined Muffler
1.3 Market Segmentation by Application
1.3.1 Global Steam Muffler Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Power Generation
1.3.3 Oil and Gas
1.3.4 Industrial Manufacturing
1.3.5 Chemical
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Steam Muffler Revenue Estimates and Forecasts 2020-2031
2.2 Global Steam Muffler Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Steam Muffler Sales Estimates and Forecasts 2020-2031
2.4 Global Steam Muffler Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Global Production Analysis
3.1 Global Steam Muffler Production Capacity and Utilization Rates (2020–2031)
3.2 Regional Production: Comparative Analysis (2020 VS 2024 VS 2031)
3.3 Regional Production Dynamics
3.3.1 Historic Production by Region (2020-2025)
3.3.2 Forecasted Production by Region (2026-2031)
3.3.3 Production Market Share by Region (2020-2031)
3.3.4 Regulatory and Trade Policy Impact on Production
3.3.5 Production Capacity Enablers and Constraints
3.4 Key Regional Production Hubs
3.4.1 North America
3.4.2 Europe
3.4.3 China
3.4.4 Japan
4 Competition by Manufacturers
4.1 Global Steam Muffler Sales by Manufacturers
4.1.1 Global Sales Volume by Manufacturers (2020-2025)
4.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
4.2 Global Steam Muffler Manufacturer Revenue Rankings and Tiers
4.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
4.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
4.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
4.3 Manufacturer Profitability Profiles and Pricing Strategies
4.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
4.3.2 Manufacturer-Level Price Trends (2020-2025)
4.4 Key Manufacturers Manufacturing Base and Headquarters
4.5 Main Product Type Market Size by Manufacturers
4.5.1 Reactive Muffler Market Size by Manufacturers
4.5.2 Absorptive Muffler Market Size by Manufacturers
4.5.3 Combined Muffler Market Size by Manufacturers
4.6 Global Steam Muffler Market Concentration and Dynamics
4.6.1 Global Market Concentration (CR5 and HHI)
4.6.2 Entrant/Exit Impact Analysis
4.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
5 Global Product Segmentation Analysis
5.1 Global Steam Muffler Sales Performance by Type
5.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
5.1.2 Global Sales Market Share by Type (2020-2031)
5.2 Global Steam Muffler Revenue Trends by Type
5.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
5.2.2 Global Revenue Market Share by Type (2020-2031)
5.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
5.4 Product Technology Differentiation
5.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
5.5.1 High-Growth Niches and Adoption Drivers
5.5.2 Profitability Hotspots and Cost Drivers
5.5.3 Substitution Threats
6 Global Downstream Application Analysis
6.1 Global Steam Muffler Sales by Application
6.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
6.1.2 Global Sales Market Share by Application (2020-2031)
6.1.3 High-Growth Application Identification
6.1.4 Emerging Application Case Studies
6.2 Global Steam Muffler Revenue by Application
6.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
6.2.2 Revenue Market Share by Application (2020-2031)
6.3 Global Pricing Dynamics by Application (2020-2031)
6.4 Downstream Customer Analysis
6.4.1 Top Customers by Region
6.4.2 Top Customers by Application
7 North America
7.1 North America Sales Volume and Revenue (2020-2031)
7.2 North America Key Manufacturers Sales Revenue in 2024
7.3 North America Steam Muffler Sales and Revenue by Type (2020-2031)
7.4 North America Steam Muffler Sales and Revenue by Application (2020-2031)
7.5 North America Growth Accelerators and Market Barriers
7.6 North America Steam Muffler Market Size by Country
7.6.1 North America Revenue by Country
7.6.2 North America Sales Trends by Country
7.6.3 US
7.6.4 Canada
7.6.5 Mexico
8 Europe
8.1 Europe Sales Volume and Revenue (2020-2031)
8.2 Europe Key Manufacturers Sales Revenue in 2024
8.3 Europe Steam Muffler Sales and Revenue by Type (2020-2031)
8.4 Europe Steam Muffler Sales and Revenue by Application (2020-2031)
8.5 Europe Growth Accelerators and Market Barriers
8.6 Europe Steam Muffler Market Size by Country
8.6.1 Europe Revenue by Country
8.6.2 Europe Sales Trends by Country
8.6.3 Germany
8.6.4 France
8.6.5 U.K.
8.6.6 Italy
8.6.7 Russia
9 Asia-Pacific
9.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
9.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
9.3 Asia-Pacific Steam Muffler Sales and Revenue by Type (2020-2031)
9.4 Asia-Pacific Steam Muffler Sales and Revenue by Application (2020-2031)
9.5 Asia-Pacific Steam Muffler Market Size by Region
9.5.1 Asia-Pacific Revenue by Region
9.5.2 Asia-Pacific Sales Trends by Region
9.6 Asia-Pacific Growth Accelerators and Market Barriers
9.7 Southeast Asia
9.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
9.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand
9.8 China
9.9 Japan
9.10 South Korea
9.11 China Taiwan
9.12 India
10 Central and South America
10.1 Central and South America Sales Volume and Revenue (2020-2031)
10.2 Central and South America Key Manufacturers Sales Revenue in 2024
10.3 Central and South America Steam Muffler Sales and Revenue by Type (2020-2031)
10.4 Central and South America Steam Muffler Sales and Revenue by Application (2020-2031)
10.5 Central and South America Investment Opportunities and Key Challenges
10.6 Central and South America Steam Muffler Market Size by Country
10.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 Brazil
10.6.3 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
11.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
11.3 Middle East and Africa Steam Muffler Sales and Revenue by Type (2020-2031)
11.4 Middle East and Africa Steam Muffler Sales and Revenue by Application (2020-2031)
11.5 Middle East and Africa Investment Opportunities and Key Challenges
11.6 Middle East and Africa Steam Muffler Market Size by Country
11.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
11.6.2 GCC Countries
11.6.3 Turkey
11.6.4 Egypt
11.6.5 South Africa
12 Corporate Profile
12.1 Ventx
12.1.1 Ventx Corporation Information
12.1.2 Ventx Business Overview
12.1.3 Ventx Steam Muffler Product Models, Descriptions and Specifications
12.1.4 Ventx Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.5 Ventx Steam Muffler Sales by Product in 2024
12.1.6 Ventx Steam Muffler Sales by Application in 2024
12.1.7 Ventx Steam Muffler Sales by Geographic Area in 2024
12.1.8 Ventx Steam Muffler SWOT Analysis
12.1.9 Ventx Recent Developments
12.2 IMI plc
12.2.1 IMI plc Corporation Information
12.2.2 IMI plc Business Overview
12.2.3 IMI plc Steam Muffler Product Models, Descriptions and Specifications
12.2.4 IMI plc Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.5 IMI plc Steam Muffler Sales by Product in 2024
12.2.6 IMI plc Steam Muffler Sales by Application in 2024
12.2.7 IMI plc Steam Muffler Sales by Geographic Area in 2024
12.2.8 IMI plc Steam Muffler SWOT Analysis
12.2.9 IMI plc Recent Developments
12.3 IAC Acoustics
12.3.1 IAC Acoustics Corporation Information
12.3.2 IAC Acoustics Business Overview
12.3.3 IAC Acoustics Steam Muffler Product Models, Descriptions and Specifications
12.3.4 IAC Acoustics Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.5 IAC Acoustics Steam Muffler Sales by Product in 2024
12.3.6 IAC Acoustics Steam Muffler Sales by Application in 2024
12.3.7 IAC Acoustics Steam Muffler Sales by Geographic Area in 2024
12.3.8 IAC Acoustics Steam Muffler SWOT Analysis
12.3.9 IAC Acoustics Recent Developments
12.4 VAW Systems
12.4.1 VAW Systems Corporation Information
12.4.2 VAW Systems Business Overview
12.4.3 VAW Systems Steam Muffler Product Models, Descriptions and Specifications
12.4.4 VAW Systems Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.5 VAW Systems Steam Muffler Sales by Product in 2024
12.4.6 VAW Systems Steam Muffler Sales by Application in 2024
12.4.7 VAW Systems Steam Muffler Sales by Geographic Area in 2024
12.4.8 VAW Systems Steam Muffler SWOT Analysis
12.4.9 VAW Systems Recent Developments
12.5 EI Williams
12.5.1 EI Williams Corporation Information
12.5.2 EI Williams Business Overview
12.5.3 EI Williams Steam Muffler Product Models, Descriptions and Specifications
12.5.4 EI Williams Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.5 EI Williams Steam Muffler Sales by Product in 2024
12.5.6 EI Williams Steam Muffler Sales by Application in 2024
12.5.7 EI Williams Steam Muffler Sales by Geographic Area in 2024
12.5.8 EI Williams Steam Muffler SWOT Analysis
12.5.9 EI Williams Recent Developments
12.6 Dürr Universal
12.6.1 Dürr Universal Corporation Information
12.6.2 Dürr Universal Business Overview
12.6.3 Dürr Universal Steam Muffler Product Models, Descriptions and Specifications
12.6.4 Dürr Universal Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.5 Dürr Universal Recent Developments
12.7 Ergil
12.7.1 Ergil Corporation Information
12.7.2 Ergil Business Overview
12.7.3 Ergil Steam Muffler Product Models, Descriptions and Specifications
12.7.4 Ergil Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.5 Ergil Recent Developments
12.8 CECO Environmental
12.8.1 CECO Environmental Corporation Information
12.8.2 CECO Environmental Business Overview
12.8.3 CECO Environmental Steam Muffler Product Models, Descriptions and Specifications
12.8.4 CECO Environmental Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.5 CECO Environmental Recent Developments
12.9 Glaunach
12.9.1 Glaunach Corporation Information
12.9.2 Glaunach Business Overview
12.9.3 Glaunach Steam Muffler Product Models, Descriptions and Specifications
12.9.4 Glaunach Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.5 Glaunach Recent Developments
12.10 SVI BREMCO
12.10.1 SVI BREMCO Corporation Information
12.10.2 SVI BREMCO Business Overview
12.10.3 SVI BREMCO Steam Muffler Product Models, Descriptions and Specifications
12.10.4 SVI BREMCO Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.5 SVI BREMCO Recent Developments
12.11 Maxim Silencers (MIRATECH)
12.11.1 Maxim Silencers (MIRATECH) Corporation Information
12.11.2 Maxim Silencers (MIRATECH) Business Overview
12.11.3 Maxim Silencers (MIRATECH) Steam Muffler Product Models, Descriptions and Specifications
12.11.4 Maxim Silencers (MIRATECH) Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.5 Maxim Silencers (MIRATECH) Recent Developments
12.12 Tianyu Petrochemical Metallurgy Equipment
12.12.1 Tianyu Petrochemical Metallurgy Equipment Corporation Information
12.12.2 Tianyu Petrochemical Metallurgy Equipment Business Overview
12.12.3 Tianyu Petrochemical Metallurgy Equipment Steam Muffler Product Models, Descriptions and Specifications
12.12.4 Tianyu Petrochemical Metallurgy Equipment Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.12.5 Tianyu Petrochemical Metallurgy Equipment Recent Developments
12.13 Industrial & Marine Silencers
12.13.1 Industrial & Marine Silencers Corporation Information
12.13.2 Industrial & Marine Silencers Business Overview
12.13.3 Industrial & Marine Silencers Steam Muffler Product Models, Descriptions and Specifications
12.13.4 Industrial & Marine Silencers Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.13.5 Industrial & Marine Silencers Recent Developments
12.14 Stopson Italiana
12.14.1 Stopson Italiana Corporation Information
12.14.2 Stopson Italiana Business Overview
12.14.3 Stopson Italiana Steam Muffler Product Models, Descriptions and Specifications
12.14.4 Stopson Italiana Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.14.5 Stopson Italiana Recent Developments
12.15 Cleaver-Brooks
12.15.1 Cleaver-Brooks Corporation Information
12.15.2 Cleaver-Brooks Business Overview
12.15.3 Cleaver-Brooks Steam Muffler Product Models, Descriptions and Specifications
12.15.4 Cleaver-Brooks Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.15.5 Cleaver-Brooks Recent Developments
12.16 dB Noise Reduction
12.16.1 dB Noise Reduction Corporation Information
12.16.2 dB Noise Reduction Business Overview
12.16.3 dB Noise Reduction Steam Muffler Product Models, Descriptions and Specifications
12.16.4 dB Noise Reduction Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.16.5 dB Noise Reduction Recent Developments
12.17 Zhenghang Electric Energy Conservation Technology
12.17.1 Zhenghang Electric Energy Conservation Technology Corporation Information
12.17.2 Zhenghang Electric Energy Conservation Technology Business Overview
12.17.3 Zhenghang Electric Energy Conservation Technology Steam Muffler Product Models, Descriptions and Specifications
12.17.4 Zhenghang Electric Energy Conservation Technology Steam Muffler Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.17.5 Zhenghang Electric Energy Conservation Technology Recent Developments
13 Value Chain and Supply-Chain Analysis
13.1 Steam Muffler Industry Chain
13.2 Steam Muffler Upstream Materials Analysis
13.2.1 Raw Materials
13.2.2 Key Suppliers Market Share & Risk Assessment
13.3 Steam Muffler Integrated Production Analysis
13.3.1 Manufacturing Footprint Analysis
13.3.2 Production Technology Overview
13.3.3 Regional Cost Drivers
13.4 Steam Muffler Sales Channels and Distribution Networks
13.4.1 Sales Channels
13.4.2 Distributors
14 Steam Muffler Market Dynamics
14.1 Industry Trends and Evolution
14.2 Market Growth Drivers and Emerging Opportunities
14.3 Market Challenges, Risks, and Restraints
15 Key Findings in the Global Steam Muffler Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
TABLE OF FIGURES
List of Tables
Table 1. Global Steam Muffler Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Table 2. Global Steam Muffler Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Table 3. Global Steam Muffler Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 4. Global Steam Muffler Revenue by Region (2020-2025) & (US$ Million)
Table 5. Global Steam Muffler Revenue by Region (2026-2031) & (US$ Million)
Table 6. Global Steam Muffler Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K Units)
Table 7. Global Steam Muffler Sales by Region (2020-2025) & (K Units)
Table 8. Global Steam Muffler Sales by Region (2026-2031) & (K Units)
Table 9. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 10. Global Steam Muffler Production Growth Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K Units)
Table 11. Global Steam Muffler Production by Region (2020-2025) & (K Units)
Table 12. Global Steam Muffler Production by Region (2026-2031) & (K Units)
Table 13. Global Steam Muffler Sales by Manufacturers (2020-2025) & (K Units)
Table 14. Global Steam Muffler Sales Share by Manufacturers (2020-2025)
Table 15. Global Steam Muffler Revenue by Manufacturers (2020-2025) & (US$ Million)
Table 16. Global Steam Muffler Revenue Market Share by Manufacturers (2020-2025)
Table 17. Global Key Manufacturers’Ranking Shift (2023 vs. 2024) (Based on Revenue)
Table 18. Global Steam Muffler by Manufacturer Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Steam Muffler as of 2024)
Table 19. Global Steam Muffler Average Gross Margin (%) by Manufacturer (2020 VS 2024)
Table 20. Global Steam Muffler Average Selling Price (ASP) by Manufacturers (2020-2025) & (US$/Unit)
Table 21. Key Manufacturers Steam Muffler Manufacturing Base and Headquarters
Table 22. Global Steam Muffler Market Concentration Ratio (CR5 and HHI)
Table 23. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
Table 24. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
Table 25. Global Steam Muffler Sales by Type (2020-2025) & (K Units)
Table 26. Global Steam Muffler Sales by Type (2026-2031) & (K Units)
Table 27. Global Steam Muffler Revenue by Type (2020-2025) & (US$ Million)
Table 28. Global Steam Muffler Revenue by Type (2026-2031) & (US$ Million)
Table 29. Global Steam Muffler ASP by Type (2020-2031) & (US$/Unit)
Table 30. Technical Specifications by Key Product Type
Table 31. Global Steam Muffler Sales by Application (2020-2025) & (K Units)
Table 32. Global Steam Muffler Sales by Application (2026-2031) & (K Units)
Table 33. Steam Muffler High-Growth Sectors Demand CAGR (2024-2031)
Table 34. Global Steam Muffler Revenue by Application (2020-2025) & (US$ Million)
Table 35. Global Steam Muffler Revenue by Application (2026-2031) & (US$ Million)
Table 36. Global Steam Muffler ASP by Application (2020-2031) & (US$/Unit)
Table 37. Top Customers by Region
Table 38. Top Customers by Application
Table 39. North America Steam Muffler Growth Accelerators and Market Barriers
Table 40. North America Steam Muffler Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 41. North America Steam Muffler Sales (K Units) by Country (2020 VS 2024 VS 2031)
Table 42. Europe Steam Muffler Growth Accelerators and Market Barriers
Table 43. Europe Steam Muffler Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 44. Europe Steam Muffler Sales (K Units) by Country (2020 VS 2024 VS 2031)
Table 45. Asia-Pacific Steam Muffler Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 46. Asia-Pacific Steam Muffler Sales (K Units) by Country (2020 VS 2024 VS 2031)
Table 47. Asia-Pacific Steam Muffler Growth Accelerators and Market Barriers
Table 48. Southeast Asia Steam Muffler Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 49. Central and South America Steam Muffler Investment Opportunities and Key Challenges
Table 50. Central and South America Steam Muffler Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 51. Middle East and Africa Steam Muffler Investment Opportunities and Key Challenges
Table 52. Middle East and Africa Steam Muffler Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 53. Ventx Corporation Information
Table 54. Ventx Description and Major Businesses
Table 55. Ventx Product Models, Descriptions and Specifications
Table 56. Ventx Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 57. Ventx Sales Value Proportion by Product in 2024
Table 58. Ventx Sales Value Proportion by Application in 2024
Table 59. Ventx Sales Value Proportion by Geographic Area in 2024
Table 60. Ventx Steam Muffler SWOT Analysis
Table 61. Ventx Recent Developments
Table 62. IMI plc Corporation Information
Table 63. IMI plc Description and Major Businesses
Table 64. IMI plc Product Models, Descriptions and Specifications
Table 65. IMI plc Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 66. IMI plc Sales Value Proportion by Product in 2024
Table 67. IMI plc Sales Value Proportion by Application in 2024
Table 68. IMI plc Sales Value Proportion by Geographic Area in 2024
Table 69. IMI plc Steam Muffler SWOT Analysis
Table 70. IMI plc Recent Developments
Table 71. IAC Acoustics Corporation Information
Table 72. IAC Acoustics Description and Major Businesses
Table 73. IAC Acoustics Product Models, Descriptions and Specifications
Table 74. IAC Acoustics Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 75. IAC Acoustics Sales Value Proportion by Product in 2024
Table 76. IAC Acoustics Sales Value Proportion by Application in 2024
Table 77. IAC Acoustics Sales Value Proportion by Geographic Area in 2024
Table 78. IAC Acoustics Steam Muffler SWOT Analysis
Table 79. IAC Acoustics Recent Developments
Table 80. VAW Systems Corporation Information
Table 81. VAW Systems Description and Major Businesses
Table 82. VAW Systems Product Models, Descriptions and Specifications
Table 83. VAW Systems Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 84. VAW Systems Sales Value Proportion by Product in 2024
Table 85. VAW Systems Sales Value Proportion by Application in 2024
Table 86. VAW Systems Sales Value Proportion by Geographic Area in 2024
Table 87. VAW Systems Steam Muffler SWOT Analysis
Table 88. VAW Systems Recent Developments
Table 89. EI Williams Corporation Information
Table 90. EI Williams Description and Major Businesses
Table 91. EI Williams Product Models, Descriptions and Specifications
Table 92. EI Williams Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 93. EI Williams Sales Value Proportion by Product in 2024
Table 94. EI Williams Sales Value Proportion by Application in 2024
Table 95. EI Williams Sales Value Proportion by Geographic Area in 2024
Table 96. EI Williams Steam Muffler SWOT Analysis
Table 97. EI Williams Recent Developments
Table 98. Dürr Universal Corporation Information
Table 99. Dürr Universal Description and Major Businesses
Table 100. Dürr Universal Product Models, Descriptions and Specifications
Table 101. Dürr Universal Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 102. Dürr Universal Recent Developments
Table 103. Ergil Corporation Information
Table 104. Ergil Description and Major Businesses
Table 105. Ergil Product Models, Descriptions and Specifications
Table 106. Ergil Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 107. Ergil Recent Developments
Table 108. CECO Environmental Corporation Information
Table 109. CECO Environmental Description and Major Businesses
Table 110. CECO Environmental Product Models, Descriptions and Specifications
Table 111. CECO Environmental Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 112. CECO Environmental Recent Developments
Table 113. Glaunach Corporation Information
Table 114. Glaunach Description and Major Businesses
Table 115. Glaunach Product Models, Descriptions and Specifications
Table 116. Glaunach Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 117. Glaunach Recent Developments
Table 118. SVI BREMCO Corporation Information
Table 119. SVI BREMCO Description and Major Businesses
Table 120. SVI BREMCO Product Models, Descriptions and Specifications
Table 121. SVI BREMCO Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 122. SVI BREMCO Recent Developments
Table 123. Maxim Silencers (MIRATECH) Corporation Information
Table 124. Maxim Silencers (MIRATECH) Description and Major Businesses
Table 125. Maxim Silencers (MIRATECH) Product Models, Descriptions and Specifications
Table 126. Maxim Silencers (MIRATECH) Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 127. Maxim Silencers (MIRATECH) Recent Developments
Table 128. Tianyu Petrochemical Metallurgy Equipment Corporation Information
Table 129. Tianyu Petrochemical Metallurgy Equipment Description and Major Businesses
Table 130. Tianyu Petrochemical Metallurgy Equipment Product Models, Descriptions and Specifications
Table 131. Tianyu Petrochemical Metallurgy Equipment Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 132. Tianyu Petrochemical Metallurgy Equipment Recent Developments
Table 133. Industrial & Marine Silencers Corporation Information
Table 134. Industrial & Marine Silencers Description and Major Businesses
Table 135. Industrial & Marine Silencers Product Models, Descriptions and Specifications
Table 136. Industrial & Marine Silencers Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 137. Industrial & Marine Silencers Recent Developments
Table 138. Stopson Italiana Corporation Information
Table 139. Stopson Italiana Description and Major Businesses
Table 140. Stopson Italiana Product Models, Descriptions and Specifications
Table 141. Stopson Italiana Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 142. Stopson Italiana Recent Developments
Table 143. Cleaver-Brooks Corporation Information
Table 144. Cleaver-Brooks Description and Major Businesses
Table 145. Cleaver-Brooks Product Models, Descriptions and Specifications
Table 146. Cleaver-Brooks Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 147. Cleaver-Brooks Recent Developments
Table 148. dB Noise Reduction Corporation Information
Table 149. dB Noise Reduction Description and Major Businesses
Table 150. dB Noise Reduction Product Models, Descriptions and Specifications
Table 151. dB Noise Reduction Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 152. dB Noise Reduction Recent Developments
Table 153. Zhenghang Electric Energy Conservation Technology Corporation Information
Table 154. Zhenghang Electric Energy Conservation Technology Description and Major Businesses
Table 155. Zhenghang Electric Energy Conservation Technology Product Models, Descriptions and Specifications
Table 156. Zhenghang Electric Energy Conservation Technology Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 157. Zhenghang Electric Energy Conservation Technology Recent Developments
Table 158. Key Raw Materials Distribution
Table 159. Raw Materials Key Suppliers
Table 160. Critical Raw Material Supplier Concentration (2024) & Risk Index
Table 161. Milestones in Production Technology Evolution
Table 162. Distributors List
Table 163. Market Trends and Market Evolution
Table 164. Market Drivers and Opportunities
Table 165. Market Challenges, Risks, and Restraints
Table 166. Research Programs/Design for This Report
Table 167. Key Data Information from Secondary Sources
Table 168. Key Data Information from Primary Sources
List of Figures
Figure 1. Steam Muffler Product Picture
Figure 2. Global Steam Muffler Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Figure 3. Reactive Muffler Product Picture
Figure 4. Absorptive Muffler Product Picture
Figure 5. Combined Muffler Product Picture
Figure 6. Global Steam Muffler Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Figure 7. Power Generation
Figure 8. Oil and Gas
Figure 9. Industrial Manufacturing
Figure 10. Chemical
Figure 11. Others
Figure 12. Steam Muffler Report Years Considered
Figure 13. Global Steam Muffler Revenue, (US$ Million), 2020 VS 2024 VS 2031
Figure 14. Global Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 15. Global Steam Muffler Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 16. Global Steam Muffler Revenue Market Share by Region (2020-2031)
Figure 17. Global Steam Muffler Sales (2020-2031) & (K Units)
Figure 18. Global Steam Muffler Sales (CAGR) by Region (2020-2031) (K Units)
Figure 19. Global Steam Muffler Sales Market Share by Region (2020-2031)
Figure 20. Global Steam Muffler Capacity, Production and Utilization (2020-2031) & (K Units)
Figure 21. Global Steam Muffler Production Trend by Region (2020-2031) (K Units)
Figure 22. Global Steam Muffler Production Market Share by Region (2020-2031)
Figure 23. Production Capacity Enablers & Constraints
Figure 24. Steam Muffler Production Growth Rate in North America (2020-2031) & (K Units)
Figure 25. Steam Muffler Production Growth Rate in Europe (2020-2031) & (K Units)
Figure 26. Steam Muffler Production Growth Rate in China (2020-2031) & (K Units)
Figure 27. Steam Muffler Production Growth Rate in Japan (2020-2031) & (K Units)
Figure 28. Top 5 and Top 10 Manufacturers Steam Muffler Sales Volume Market Share in 2024
Figure 29. Global Steam Muffler Revenue Market Share Ranking (2024)
Figure 30. Tier Distribution by Revenue Contribution (2020 VS 2024)
Figure 31. Reactive Muffler Revenue Market Share by Manufacturer in 2024
Figure 32. Absorptive Muffler Revenue Market Share by Manufacturer in 2024
Figure 33. Combined Muffler Revenue Market Share by Manufacturer in 2024
Figure 34. Type Eight Revenue Market Share by Manufacturer in 2024
Figure 35. Type Nine Revenue Market Share by Manufacturer in 2024
Figure 36. Global Steam Muffler Sales Market Share by Type (2020-2031)
Figure 37. Global Steam Muffler Revenue Market Share by Type (2020-2031)
Figure 38. Global Steam Muffler Sales Market Share by Application (2020-2031)
Figure 39. Global Steam Muffler Revenue Market Share by Application (2020-2031)
Figure 40. North America Steam Muffler Sales YoY (2020-2031) & (K Units)
Figure 41. North America Steam Muffler Revenue YoY (2020-2031) & (US$ Million)
Figure 42. North America Top 5 Manufacturers Steam Muffler Sales Revenue (US$ Million) in 2024
Figure 43. North America Steam Muffler Sales Volume (K Units) by Type (2020- 2031)
Figure 44. North America Steam Muffler Sales Revenue (US$ Million) by Type (2020 - 2031)
Figure 45. North America Steam Muffler Sales Volume (K Units) by Application (2020-2031)
Figure 46. North America Steam Muffler Sales Revenue (US$ Million) by Application (2020-2031)
Figure 47. US Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 48. Canada Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 49. Mexico Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 50. Europe Steam Muffler Sales YoY (2020-2031) & (K Units)
Figure 51. Europe Steam Muffler Revenue YoY (2020-2031) & (US$ Million)
Figure 52. Europe Top 5 Manufacturers Steam Muffler Sales Revenue (US$ Million) in 2024
Figure 53. Europe Steam Muffler Sales Volume (K Units) by Type (2020-2031)
Figure 54. Europe Steam Muffler Sales Revenue (US$ Million) by Type (2020-2031)
Figure 55. Europe Steam Muffler Sales Volume (K Units) by Application (2020-2031)
Figure 56. Europe Steam Muffler Sales Revenue (US$ Million) by Application (2020-2031)
Figure 57. Germany Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 58. France Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 59. U.K. Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 60. Italy Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 61. Russia Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 62. Asia-Pacific Steam Muffler Sales YoY (2020-2031) & (K Units)
Figure 63. Asia-Pacific Steam Muffler Revenue YoY (2020-2031) & (US$ Million)
Figure 64. Asia-Pacific Top 8 Manufacturers Steam Muffler Sales Revenue (US$ Million) in 2024
Figure 65. Asia-Pacific Steam Muffler Sales Volume (K Units) by Type (2020- 2031)
Figure 66. Asia-Pacific Steam Muffler Sales Revenue (US$ Million) by Type (2020- 2031)
Figure 67. Asia-Pacific Steam Muffler Sales Volume (K Units) by Application (2020-2031)
Figure 68. Asia-Pacific Steam Muffler Sales Revenue (US$ Million) by Application (2020-2031)
Figure 69. Indonesia Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 70. Japan Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 71. South Korea Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 72. China Taiwan Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 73. India Steam Muffler Revenue (2020-2031) & (US$ Million)
Figure 74. Central and South America Steam Muffler Sales YoY (2020-2031) & (K Units)
Figure 75. Central and South America Steam Muffler Revenue YoY (2020-2031) & (US$ Million)
Figure 76. Central and South America Top 5 Manufacturers Steam Muffler Sales Revenue (US$ Million) in 2024
Figure 77. Central and South America Steam Muffler Sales Volume (K Units) by Type (2021-2031)
Figure 78. Central and South America Steam Muffler Sales Revenue (US$ Million) by Type (2020-2031)
Figure 79. Central and South America Steam Muffler Sales Volume (K Units) by Application (2020-2031)
Figure 80. Central and South America Steam Muffler Sales Revenue (US$ Million) by Application (2020-2031)
Figure 81. Brazil Steam Muffler Revenue (2020-2025) & (US$ Million)
Figure 82. Argentina Steam Muffler Revenue (2020-2025) & (US$ Million)
Figure 83. Middle East, and Africa Steam Muffler Sales YoY (2020-2031) & (K Units)
Figure 84. Middle East and Africa Steam Muffler Revenue YoY (2020-2031) & (US$ Million)
Figure 85. Middle East and Africa Top 5 Manufacturers Steam Muffler Sales Revenue (US$ Million) in 2024
Figure 86. Middle East and Africa Steam Muffler Sales Volume (K Units) by Type (2021-2031)
Figure 87. South America Steam Muffler Sales Revenue (US$ Million) by Type (2020-2031)
Figure 88. Middle East and Africa Steam Muffler Sales Volume (K Units) by Application (2020-2031)
Figure 89. Middle East and Africa Steam Muffler Sales Revenue (US$ Million) by Application (2020-2031)
Figure 90. GCC Countries Steam Muffler Revenue (2020-2025) & (US$ Million)
Figure 91. Turkey Steam Muffler Revenue (2020-2025) & (US$ Million)
Figure 92. Egypt Steam Muffler Revenue (2020-2025) & (US$ Million)
Figure 93. South Africa Steam Muffler Revenue (2020-2025) & (US$ Million)
Figure 94. Steam Muffler Industry Chain Mapping
Figure 95. Regional Steam Muffler Manufacturing Base Distribution (%)
Figure 96. Steam Muffler Production Process
Figure 97. Regional Steam Muffler Production Cost Structure
Figure 98. Channels of Distribution (Direct Vs Distribution)
Figure 99. Bottom-up and Top-down Approaches for This Report
Figure 100. Data Triangulation
Figure 101. Key Executives Interviewed
KEY QUESTIONS ADDRESSED BY THE REPORT
What was the global market size of Steam Muffler in 2025?
The global market size of Steam Muffler in 2025 was 38.73 Million USD.
What was the global market size of Steam Muffler in 2031?
Which region is expected to have the highest market share?
Which companies rank high in the global Steam Muffler market?
What is the annual compound growth rate of the global Steam Muffler market size from 2025 to 2031?
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