Steam Trap Market Size, Share, Opportunities, And Trends By Type (Mechanical, Thermodynamic, Thermostatic), By Application (Drip Application, Process Application, Tracing Application), By Industry Vertical (Chemical, Energy & Power, Oil & Gas, Healthcare, Food & Beverage, Others), And By Geography - Forecasts From 2025 To 2030
- Published : May 2025
- Report Code : KSI061611872
- Pages : 145
Steam Trap Market Size:
The Steam Trap Market is expected to grow from US$4.946 billion in 2025 to US$6.076 billion in 2030, at a CAGR of 4.20%.
Steam Trap Market Trends:
A steam trap is an automatic valve system that allows air and non-condensable gases to be discharged from the steam system. The optimal functioning of the steam system tends to improve the overall steam plant efficiency, thus, resulting in the delivery of high-quality steams required in the production process. As such, the growing use of steam for different applications is significantly driving the stream trap market over the years.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the stream trap value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the steam trap market.
Major industry players profiled as part of the report are Emerson Electric Co., Spirax Sarco Limited, Watts Water Technologies, Inc., and Armstrong International Inc. among others.
Steam Trap Market Scope:
| Report Metric | Details |
| Steam Trap Market Size in 2025 | US$4.946 billion |
| Steam Trap Market Size in 2030 | US$6.076 billion |
| Growth Rate | CAGR of 4.20% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Steam Trap Market |
|
| Customization Scope | Free report customization with purchase |
Segmentation
The steam trap market has been analyzed through the following segments:
- By Type
- Mechanical
- Thermodynamic
- Thermostatic
- By Application
- Drip Application
- Process Application
- Tracing Application
- By Industry Vertical
- Chemical
- Energy & Power
- Oil & Gas
- Healthcare
- Food & Beverage
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- Others
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- Others
- North America
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Frequently Asked Questions (FAQs)
The steam trap market is expected to reach a total market size of US$6.076 billion by 2030.
Steam Trap Market is valued at US$4.946 billion in 2025.
The steam trap market is expected to grow at a CAGR of 4.20% during the forecast period.
Increasing industrial automation, energy efficiency demands, and growing adoption in oil & gas and power generation sectors are anticipated to drive steam trap market growth.
The North American region is anticipated to hold a significant share of the steam trap market.
Emerson Electric Co.
Spirax Sarco Limited
Thermax Limited
Velan, Inc.
Watson McDaniel
Watts Water Technologies, Inc.
Circor International, Inc.
Schlumberger Limited
Flowserve Corporation
Armstrong International Inc.
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