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
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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
  • Type
  • Application
  • Industry Vertical
  • Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Steam Trap Market
  • Emerson Electric Co.
  • Spirax Sarco Limited
  • Thermax Limited
  • Velan, Inc.
  • Watson McDaniel
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

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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.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY  
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. STEAM TRAP MARKET BY TYPE
5.1. Mechanical
5.2. Thermodynamic
5.3. Thermostatic
6. STEAM TRAP MARKET BY APPLICATION
6.1. Drip Application
6.2. Process Application
6.3. Tracing Application
7. STEAM TRAP MARKET BY INDUSTRY VERTICAL
7.1. Chemical
7.2. Energy & Power
7.3. Oil & Gas
7.4. Healthcare
7.5. Food & Beverage
7.6. Others
8. STEAM TRAP MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentia
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competition and Offerings Analysis of Key Vendors
9.2.  Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Emerson Electric Co.
10.2. Spirax Sarco Limited
10.3.  Thermax Limited
10.4.  Velan, Inc.
10.5.  Watson McDaniel 
10.6. Watts Water Technologies, Inc.
10.7. Circor International, Inc.
10.8. Schlumberger Limited
10.9. Flowserve Corporation
10.10. Armstrong International Inc.
LIST OF FIGURES
LIST OF TABLES

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.