Market Overview:
The global bimetallic steam traps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient equipment across various industries and the growing awareness about energy conservation. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into carbon steel and stainless steel steam traps. Carbon steel steam traps are more popular than stainless steel ones as they are less expensive and have a longer life span as compared to stainless steel ones. However, with technological advancements taking place in this domain, stainless steel steam traps are also becoming more popular owing to their corrosion resistance properties. On the basis of application, it is classified into oil & gas industry, power industry, pharmaceuticals industry food & beverage industry general industry others). Among these applications segments,, oil & gas sector held dominant share in 2017 owing to increasing investments being made in this sector for exploration and production activities across different regions worldwide Power generation was another key application segment that accounted for significant share of global bimetallic steam trap market In terms of region,.
Product Definition:
A bimetallic steam trap is a device composed of two dissimilar metals that are bonded together. When the metal parts are heated, they expand at different rates, causing the trap to open and release steam. Bimetallic traps are important because they can sense both high and low-temperature conditions, which makes them more reliable than other types of traps.
Carbon Steel:
Carbon steel is a form of low-alloyed steel. It contains carbon and iron and is produced by heating iron ore in the presence of carbon dioxide gas or coke oven at temperatures between 1650°C to 1900°C. Carbon steels are used where high strength, hardness, temperature resistance, and good ductility are required.
Stainless Steel:
Stainless steel is a type of metal that consists of greater than 92% iron and has less than 8% chromium, nickel, and titanium. It has excellent corrosion resistance properties which make it suitable for use in food & beverage processing equipment as well as chemical plant equipment.
It can also be used in heat exchangers where high temperature conditions prevail.
Application Insights:
The general industry application segment held the largest share of over 30.0% in 2017. This is attributed to rising product demand from various industries including oil & gas, power, pharmaceuticals and food & beverage among others. The product demand in these applications has been growing steadily due to their properties such as high-temperature resistance and biocompatibility which makes them suitable for use with renewable energy sources such as solar or wind power plants.
The pharmaceutical industry is anticipated to emerge as a prominent user of the products owing to its requirement for sterilized equipment and devices which avoid contamination during production processes. Rising health concerns coupled with increasing geriatric population across the world are expected to drive the global bimetallic steam traps market growth over the forecast period thereby propelling its usage in pharma manufacturing facilities globally within reachable timeframes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for bi-metal steam traps from various end-use industries, particularly power generation and oil & gas. This growth can be attributed to rising energy consumption coupled with stringent government regulations regarding environment protection.
The Asia Pacific is home to several emerging economies such as India, China, Indonesia, Malaysia and Vietnam that are growing at a rapid pace owing to increased foreign direct investments (FDI). These countries have witnessed strong economic growth mainly due to industrial development in various sectors including manufacturing, construction industry etc., which has led to an increase in energy consumption across these countries. This scenario is anticipated would drive the regional market growth over the forecast period.
Growth Factors:
- Increasing demand for energy efficient systems in industries
- Rising awareness about the benefits of using bimetallic steam traps
- Technological advancements in the manufacturing of bimetallic steam traps
- Growing popularity of condensate recovery systems
- Rising investments in infrastructure development
Scope Of The Report
Report Attributes
Report Details
Report Title
Bimetallic Steam Traps Market Research Report
By Type
Carbon Steel, Stainless Steel
By Application
Oil & Gas, Power Industry, Pharmaceutical, Food & Beverage, General Industry, Others
By Companies
Spirax Sarco, Armstrong, Velan, Emerson, VYC Industrial, ARI, Yingqiao Machinery, Forbes Marshall, Lonze Valve, Shanghai Yihuan, Ayvaz
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Bimetallic Steam Traps Market Report Segments:
The global Bimetallic Steam Traps market is segmented on the basis of:
Types
Carbon Steel, Stainless Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power Industry, Pharmaceutical, Food & Beverage, General Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spirax Sarco
- Armstrong
- Velan
- Emerson
- VYC Industrial
- ARI
- Yingqiao Machinery
- Forbes Marshall
- Lonze Valve
- Shanghai Yihuan
- Ayvaz
Highlights of The Bimetallic Steam Traps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Steel
- Stainless Steel
- By Application:
- Oil & Gas
- Power Industry
- Pharmaceutical
- Food & Beverage
- General Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bimetallic Steam Traps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bimetallic steam traps are a type of heat exchanger that use two different metals to create an effective thermal barrier. The two metals are typically made from different alloys, which allows them to react differently when they come into contact with each other. This creates a temperature differential between the two metal surfaces, which prevents the formation of steam and hot liquid droplets.
Some of the key players operating in the bimetallic steam traps market are Spirax Sarco, Armstrong, Velan, Emerson, VYC Industrial, ARI, Yingqiao Machinery, Forbes Marshall, Lonze Valve, Shanghai Yihuan, Ayvaz.
The bimetallic steam traps market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bimetallic Steam Traps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bimetallic Steam Traps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bimetallic Steam Traps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bimetallic Steam Traps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bimetallic Steam Traps Market Size & Forecast, 2020-2028
4.5.1 Bimetallic Steam Traps Market Size and Y-o-Y Growth
4.5.2 Bimetallic Steam Traps Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Carbon Steel
5.2.2 Stainless Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power Industry
6.2.3 Pharmaceutical
6.2.4 Food & Beverage
6.2.5 General Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bimetallic Steam Traps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bimetallic Steam Traps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Carbon Steel
9.6.2 Stainless Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power Industry
9.10.3 Pharmaceutical
9.10.4 Food & Beverage
9.10.5 General Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Carbon Steel
10.6.2 Stainless Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power Industry
10.10.3 Pharmaceutical
10.10.4 Food & Beverage
10.10.5 General Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Carbon Steel
11.6.2 Stainless Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power Industry
11.10.3 Pharmaceutical
11.10.4 Food & Beverage
11.10.5 General Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Carbon Steel
12.6.2 Stainless Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power Industry
12.10.3 Pharmaceutical
12.10.4 Food & Beverage
12.10.5 General Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Carbon Steel
13.6.2 Stainless Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power Industry
13.10.3 Pharmaceutical
13.10.4 Food & Beverage
13.10.5 General Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bimetallic Steam Traps Market: Competitive Dashboard
14.2 Global Bimetallic Steam Traps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Spirax Sarco
14.3.2 Armstrong
14.3.3 Velan
14.3.4 Emerson
14.3.5 VYC Industrial
14.3.6 ARI
14.3.7 Yingqiao Machinery
14.3.8 Forbes Marshall
14.3.9 Lonze Valve
14.3.10 Shanghai Yihuan
14.3.11 Ayvaz
