Product Code: IRTNTR43915
The global steam traps market is forecasted to grow by USD 1628.9 mn during 2025-2030, accelerating at a CAGR of 5.7% during the forecast period. The report on the global steam traps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by accelerated adoption of industrial internet of things and wireless monitoring solutions, rising industrialization and infrastructure expansion in emerging economies, implementation of stringent sustainability standards and energy conservation mandates.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 5.6% |
| CAGR | 5.7% |
| Incremental Value | $1628.9 mn |
Technavio's global steam traps market is segmented as below:
By End-User
- Petroleum
- Thermal power
- Others
By Material
By Product
- Mechanical
- Thermostatic
- Thermodynamic
Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- North America
- Middle East and Africa
- South America
- Rest of World (ROW)
This study identifies the integration of ai and ml in predictive maintenance as one of the prime reasons driving the global steam traps market growth during the next few years. Also, shift toward circular economy through advanced condensate recovery systems and material science advancements and modular design for extreme environments will lead to sizable demand in the market.
The report on the global steam traps market covers the following areas:
- Global steam traps market sizing
- Global steam traps market forecast
- Global steam traps market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global steam traps market vendors that include Armstrong International Inc., Ayvaz, Clark Reliance, Emerson Electric Co., Flowserve Corp., Forbes Marshall Pvt. Ltd., MIYAWAKI Inc., Newton Fluid Technology Co. Ltd, Parker Hannifin Corp., Pennant Engineering Co Inc, Richards Industrials, Spirax Sarco Ltd, Thermax Ltd., TLV Co. Ltd., Tunstall Corporation, Uni Klinger Ltd., Velan Inc., Watson McDaniel Co., Watts Water Technologies Inc., Yoshitake Inc. Also, the global steam traps market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Material
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Steam Traps Market 2020 - 2024
- Historic Market Size - Data Table on Global Steam Traps Market 2020 - 2024 ($ million)
- 5.2 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ million)
- 5.3 Material segment analysis 2020 - 2024
- Historic Market Size - Material Segment 2020 - 2024 ($ million)
- 5.4 Product segment analysis 2020 - 2024
- Historic Market Size - Product Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global Steam Traps Market
- 6.2 Impact of Geopolitical Conflict on Global Steam Traps Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by End-user
- 8.1 Market segments
- 8.2 Comparison by End-user
- 8.3 Petroleum - Market size and forecast 2025-2030
- 8.4 Thermal power - Market size and forecast 2025-2030
- 8.5 Others - Market size and forecast 2025-2030
- 8.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
9 Market Segmentation by Material
- 9.1 Market segments
- 9.2 Comparison by Material
- 9.3 Steel - Market size and forecast 2025-2030
- 9.4 Iron - Market size and forecast 2025-2030
- 9.5 Market opportunity by Material
- Market opportunity by Material ($ million)
10 Market Segmentation by Product
- 10.1 Market segments
- 10.2 Comparison by Product
- 10.3 Mechanical - Market size and forecast 2025-2030
- 10.4 Thermostatic - Market size and forecast 2025-2030
- 10.5 Thermodynamic - Market size and forecast 2025-2030
- 10.6 Market opportunity by Product
- Market opportunity by Product ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2025-2030
- 12.3.1 China - Market size and forecast 2025-2030
- 12.3.2 Japan - Market size and forecast 2025-2030
- 12.3.3 India - Market size and forecast 2025-2030
- 12.3.4 South Korea - Market size and forecast 2025-2030
- 12.3.5 Australia - Market size and forecast 2025-2030
- 12.3.6 Indonesia - Market size and forecast 2025-2030
- 12.4 Europe - Market size and forecast 2025-2030
- 12.4.1 Germany - Market size and forecast 2025-2030
- 12.4.2 UK - Market size and forecast 2025-2030
- 12.4.3 France - Market size and forecast 2025-2030
- 12.4.4 Italy - Market size and forecast 2025-2030
- 12.4.5 Spain - Market size and forecast 2025-2030
- 12.4.6 Russia - Market size and forecast 2025-2030
- 12.5 North America - Market size and forecast 2025-2030
- 12.5.1 US - Market size and forecast 2025-2030
- 12.5.2 Canada - Market size and forecast 2025-2030
- 12.5.3 Mexico - Market size and forecast 2025-2030
- 12.6 Middle East and Africa - Market size and forecast 2025-2030
- 12.6.1 Saudi Arabia - Market size and forecast 2025-2030
- 12.6.2 UAE - Market size and forecast 2025-2030
- 12.6.3 South Africa - Market size and forecast 2025-2030
- 12.6.4 Nigeria - Market size and forecast 2025-2030
- 12.6.5 Egypt - Market size and forecast 2025-2030
- 12.7 South America - Market size and forecast 2025-2030
- 12.7.1 Brazil - Market size and forecast 2025-2030
- 12.7.2 Argentina - Market size and forecast 2025-2030
- 12.7.3 Chile - Market size and forecast 2025-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Accelerated adoption of industrial internet of things and wireless monitoring solutions
- Rising industrialization and infrastructure expansion in emerging economies
- Implementation of stringent sustainability standards and energy conservation mandates
- 13.2 Market challenges
- Substantial capital investment and financial burden of infrastructure modernization
- Increasing stringency of environmental regulations and carbon emission mandates
- Critical scarcity of specialized technical expertise and skilled labor
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 13.4 Market opportunities
- Integration of AI and ML in predictive maintenance
- Shift toward circular economy through advanced condensate recovery systems
- Material science advancements and modular design for extreme environments
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Armstrong International Inc.
- Armstrong International Inc. - Overview
- Armstrong International Inc. - Product / Service
- Armstrong International Inc. - Key offerings
- SWOT
- 15.5 Ayvaz
- Ayvaz - Overview
- Ayvaz - Product / Service
- Ayvaz - Key offerings
- SWOT
- 15.6 Clark Reliance
- Clark Reliance - Overview
- Clark Reliance - Product / Service
- Clark Reliance - Key offerings
- SWOT
- 15.7 Emerson Electric Co.
- Emerson Electric Co. - Overview
- Emerson Electric Co. - Business segments
- Emerson Electric Co. - Key news
- Emerson Electric Co. - Key offerings
- Emerson Electric Co. - Segment focus
- SWOT
- 15.8 Flowserve Corp.
- Flowserve Corp. - Overview
- Flowserve Corp. - Business segments
- Flowserve Corp. - Key offerings
- Flowserve Corp. - Segment focus
- SWOT
- 15.9 Forbes Marshall Pvt. Ltd.
- Forbes Marshall Pvt. Ltd. - Overview
- Forbes Marshall Pvt. Ltd. - Product / Service
- Forbes Marshall Pvt. Ltd. - Key offerings
- SWOT
- 15.10 Parker Hannifin Corp.
- Parker Hannifin Corp. - Overview
- Parker Hannifin Corp. - Business segments
- Parker Hannifin Corp. - Key offerings
- Parker Hannifin Corp. - Segment focus
- SWOT
- 15.11 Pennant Engineering Co Inc
- Pennant Engineering Co Inc - Overview
- Pennant Engineering Co Inc - Product / Service
- Pennant Engineering Co Inc - Key offerings
- SWOT
- 15.12 Richards Industrials
- Richards Industrials - Overview
- Richards Industrials - Product / Service
- Richards Industrials - Key offerings
- SWOT
- 15.13 Spirax Sarco Ltd
- Spirax Sarco Ltd - Overview
- Spirax Sarco Ltd - Product / Service
- Spirax Sarco Ltd - Key offerings
- SWOT
- 15.14 Thermax Ltd.
- Thermax Ltd. - Overview
- Thermax Ltd. - Business segments
- Thermax Ltd. - Key offerings
- Thermax Ltd. - Segment focus
- SWOT
- 15.15 TLV Co. Ltd.
- TLV Co. Ltd. - Overview
- TLV Co. Ltd. - Product / Service
- TLV Co. Ltd. - Key offerings
- SWOT
- 15.16 Uni Klinger Ltd.
- Uni Klinger Ltd. - Overview
- Uni Klinger Ltd. - Product / Service
- Uni Klinger Ltd. - Key offerings
- SWOT
- 15.17 Velan Inc.
- Velan Inc. - Overview
- Velan Inc. - Product / Service
- Velan Inc. - Key offerings
- SWOT
- 15.18 Watts Water Technologies Inc.
- Watts Water Technologies Inc. - Overview
- Watts Water Technologies Inc. - Product / Service
- Watts Water Technologies Inc. - Key news
- Watts Water Technologies Inc. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations