The worldwide market for Steam Traps is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 1750 million US$ in 2023, from 1460 million US$ in 2017, according to a new study.
— The Steam Traps Industry report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Steam Traps industry analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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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.
In the coming years there is an increasing demand for Steam Traps in the regions of United States and Europe that is expected to drive the market for more advanced Steam Traps. Growth in government budgets in the principal countries, increasing of oil & petrochemical fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Steam Traps will drive growth in United States and Europe markets.
Globally, the Steam Traps industry market is concentrated as the manufacturing technology of Steam Traps is relatively matures than some high-tech equipment. And some enterprises, like Spirax Sarco, Armstrong, Pentair, etc. are well-known for the wonderful performance of their Steam Traps and related services. At the same time, North America, occupied 29.23% production market share in 2016, is remarkable in the global Steam Traps industry because of their market share and technology status of Steam Traps.
Complete report on Steam Traps Industry spread across 151 pages, profiling 21 companies and supported with tables and figures. Inquire for more at - https://www.orianresearch.com/enquiry-before-buying/597523 .
The Manufacturers Analyzed in Global Steam Traps Market are – Spirax Sarco, Armstrong, Pentair, Velan, TLV, Flowserve, Circor, Cameron, Yoshitake, Steriflow, Yingqiao Machinery, Hongfeng Mechanical, MIYAWAKI, Tunstall Corporation, DSC, Chenghang Industrial Safety, Watson McDaniel, Lonze Valve, ARI, Water-Dispersing Valve, Shanghai Hugong.
Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• Mechanical Trap
• Thermostatic Trap
• Thermodynamic Trap
Market Segment by Applications, can be divided into
• Oil & Petrochemical
• Power Industry
• Food & Beverage
• Pulp & Paper
• General Industry
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There are 15 Chapters to deeply display the Global Steam Traps Market -
Chapter 1, to describe Steam Traps Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Steam Traps, with sales, revenue, and price of Steam Traps, in 2016 and 2018;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2018;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Steam Traps, for each region, from 2012 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2012 to 2018;
Chapter 12, Steam Traps Market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Steam Traps sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Major Points Covered in Table of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global Steam Traps Market Competition, by Manufacturer
4 Global Steam Traps Market Analysis by Regions
5 North America Steam Traps by Countries, Type, Application and Manufacturers
6 Europe Steam Traps by Countries, Type, Application and Manufacturers
7 Asia-Pacific Steam Traps by Countries, Type, Application and Manufacturers
8 South America Steam Traps by Countries, Type, Application and Manufacturers
9 Middle East and Africa Steam Traps by Countries, Type, Application and Manufacturers
10 Global Steam Traps Market Segment by Type
11 Global Steam Traps Market Segment by Application
12 Steam Traps Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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Name: Ruwin Mendez
Organization: Orian Research
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Release ID: 392024