Global steam trap market is expected to grow at a steady CAGR during the forecast period. The global steam trap market is driven by rising demand for energy management solutions. Moreover, initiatives taken by the regulatory bodies in order to minimize carbon footprint is positively impacting the growth of market during the forecast period. Mounting the use of renewable sources of energy coupled with technological advancements is expected to bolster the growth of market over the next few years.
The major players operating in the steam trap market are Spirax-Sarco Engineering PLC, Pentair PLC, The Weir Group PLC, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Schlumberger N.V., Thermax Limited, Velan Inc., Watts Water Technologies, Inc. and others.
Objective of the Study
- To analyze and estimate the market size of global steam trap market from 2017 to 2020.
- To estimate and forecast the market size of global steam trap market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global steam trap market based on product, application, body material, industry, company and regional distribution.
- To identify dominant region or segment in the global steam trap market.
- To identify drivers and challenges for global steam trap market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global steam trap market.
- To conduct pricing analysis for global steam trap market.
- To identify and analyze the profile of leading players operating in global steam trap market.
- To identify key sustainable strategies adopted by market players in global steam trap market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Steam trap manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to steam trap
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product · Application · Body Material · Industry |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
| Key Companies Profiled | Spirax-Sarco Engineering PLC, Pentair PLC, The Weir Group PLC, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Schlumberger N.V., Thermax Limited, Velan Inc., Watts Water Technologies, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
