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Steam Trap Market, by Product (Thermodynamic, Mechanical, Thermostatic), Application (Drip Application, Process Application, Tracing Application), Body Material (Steel, Iron), End-user Industry (Chemicals, Energy and Power, Food & Beverages, Oil & Gas, Pharmaceuticals, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

SE218 June 2017 100+ FREE 10% CUSTOMIZATION

The steam trap market is highly fragmented, with the presence of both large international players and regional players, primarily based in South and Southeast Asian countries. The small players in the market pose a serious challenge to the international vendors in terms of product features, functionalities, and services, which they offer at a lesser price than the global counterparts. Competition in this market will intensify during the forecast period with the introduction of products with new features and technologies. With the increasing demand for crude oil end products, there is tremendous growth potential for the market players to sustain their position and expand their reach across the globe.

The report on the global Steam Trap Market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • Owing to the significant environmental regulations imposed by various regulatory bodies such as the US EPA, there is growing emphasis on the use of clean and renewable energy sources such as geothermal energy, especially in developed regions like the Americas and Europe.
  • The rising depletion of fossil fuel resources especially coal is driving the demand for geothermal power generation across the globe. Some of the key countries engaged in geothermal power generation include the US, Indonesia, and Mexico.
  • The emergence of geothermal technology for clean energy will increase the use of steam traps as they enable energy savings in an efficient manner. The importance of having a proactive steam trap station management program, coupled with the overall steam system management program, has gained significance in the market due to the rising demand for reduced energy costs and reliable productivity.
  • Every plant operation has established a mandate that a steam trap station should reliably operate for at least six years. The program helps in documenting every fault identification, which will finally assist in measuring the corresponding energy loss and impact of emission for each of the faulty steam valves within the station.

On the basis of geography, the global isoprene market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North America to dominate the steam traps market during the forecast period. The mandate of regulatory bodies for manufacturing companies to reduce carbon footprint is primarily driving the demand for steam traps in North America. The flourishing oil & gas industry, growing demand for enhanced efficiency, and increasing carbon dioxide emissions are propelling the growth of the steam trap market in this region.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s Steam Trap Market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the Steam Trap Market by the following segments:

  • Steam Trap Market, by Product
    • Thermodynamic
    • Mechanical
    • Thermostatic
  • Steam Trap Market, by Application
    • Drip Application
    • Process Application
    • Tracing Application
  • Steam Trap Market, by Body Material
    • Steel
    • Iron
    • Others
  • Steam Trap Market, by End-User Industry
    • Chemicals
    • Energy and Power
    • Food & Beverages 
    • Oil & Gas
    • Pharmaceuticals
    • Others

KEY MARKET PLAYERS

Key players in the Steam Trap Market include:

  • 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. 

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K.
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • MIDDLE EAST & AFRICA
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • LATIN AMERICA
    • Brazil
    • Rest of Latin America

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
    2. Technology Roadmap
  5. STEAM TRAP MARKET, BY PRODUCT
    1. Segment Share
    2. By Product
      1. Thermodynamic
      2. Mechanical
      3. Thermostatic
  6. STEAM TRAP MARKET, BY APPLICATION
    1. Segment Share
    2. By Application
      1. Drip Application
      2. Process Application
      3. Tracing Application
  7. STEAM TRAP MARKET, BY BODY MATERIAL
    1. Segment Share
    2. By Body Material
      1. Steel
      2. Iron
      3. Others
  8. STEAM TRAP MARKET, BY END-USER INDUSTRY
    1. Segment Share
    2. By end-user Industry
      1. Chemicals
      2. Energy and Power
      3. Food & Beverages 
      4. Oil & Gas
      5. Pharmaceuticals
      6. Others
  9. STEAM TRAP MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Product
      3. By Application
      4. By Body Material
      5. By End-user Industry
    3. Europe
      1. By Region
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Product
      3. By Application
      4. By Body Material
      5. By End-user Industry
    4. Asia-Pacific
      1. By Region
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Product
      3. By Application
      4. By Body Material
      5. By End-user Industry
    5. Middle East & Africa
      1. By Region
        1. GCC
        2. North Africa
        3. South Africa
        4. Rest of Middle East & Africa
      2. By Product
      3. By Application
      4. By Body Material
      5. By End-user Industry
    6. Latin America
      1. By Region
        1. Brazil
        2. Rest of Latin America
      2. By Product
      3. By Application
      4. By Body Material
      5. By End-user Industry
  10. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
    2. Key Innovators
  11. KEY MARKET PLAYERS
    1. Spirax-Sarco Engineering PLC 
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. Pentair PLC 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    3. The Weir Group PLC
      1. Overview
      2. Key Strategies
      3. Key Developments  
    4. Flowserve Corporation 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    5. Circor International, Inc. 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    6. Emerson Electric Co. 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    7. Schlumberger N.V. 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    8. Thermax Limited 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    9. Velan Inc. 
      1. Overview
      2. Key Strategies
      3. Key Developments 
    10. Watts Water Technologies, Inc. 
      1. Overview
      2. Key Strategies
      3. Key Developments 
  12. SCALAR 360 DEGREE MARKET PERSPECTIVE
  13. APPENDIX
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