Market Overview:
The global float 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 and the growing awareness about energy conservation. In addition, the increasing investment in infrastructure development is also contributing to the growth of this market. The global float bimetallic steam traps market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into thread type and flange type. On the basis of application, it can be classified into chemical industry, waterworks, and others (food processing industry, paper mills etc.). Geographically speaking, it has been segmented into North America,, Latin America,, Europe,, Asia Pacific,,and Middle East & Africa,. Among these regions,. Europe held a major share in 2017 owing to increased investments in industrialization across countries such as Germany,. France,. Italy.,and Spain. Asia Pacific is projected to grow at a high rate duringthe forecast period due tobusiness expansion activities by key playersin Chinaand India.
Product Definition:
Float Bimetallic Steam Traps are used to remove condensate from steam lines. The importance of Float Bimetallic Steam Traps is that they remove condensate quickly and effectively, which prevents the line from becoming blocked with condensed water.
Thread Type:
A thread type is a form of trap that consists of two parts, namely the shank and the tail. The shank part has a smaller diameter than the tail, which allows them to interlock when they are engaged with another component. They are mainly used in float bimetallic steam traps for their ability to withstand high temperatures and pressures as compared to conventional bimetalics.
The global market size was valued at USD 1,37 billion in 2016.
Flange Type:
Flange type is a structural component of a float bimetallic steam trap. It is used to control the flow of water through the device and prevent backflow. The flange can be open or closed at both ends, but it must have an orifice (opening) in the center to allow free passage of steam and water through it.
Application Insights:
The chemical industry was the largest application segment in the global float bimetallic steam traps market, accounting for a share of over 40.0% in 2017. The growth is attributed to rising demand from various end-use industries including oil & gas, petrochemicals and pharmaceuticals. In addition, growing investments by foreign players are expected to boost product demand over the forecast period.
The waterworks segment is projected to witness significant growth during the forecast period owing to increasing investments by foreign players in water and wastewater treatment plants across developing countries including China India and Brazil etcetera.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing number of chemical plants and power generation facilities in China, India, Japan, South Korea, and Taiwan. In addition, rising government investments in expanding water infrastructure are expected to drive the demand for steam traps over the forecast period.
Europe was valued at USD X million in 2017 and is anticipated to witness moderate growth over the forecast period on account of growing nuclear power plant construction projects across Germany and Russia coupled with expansion plans for existing nuclear reactors as well as new build projects.
Growth Factors:
- Increasing demand for energy efficient systems in industries
- Rising awareness about the benefits of using float bimetallic steam traps
- Technological advancements in the manufacturing of float bimetallic steam traps
- Growing popularity of condensate recovery systems
- Rising demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Float Bimetallic Steam Traps Market Research Report
By Type
Thread Type, Flange Type
By Application
Chemical Industry, Waterworks, Others
By Companies
Velan, 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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Float Bimetallic Steam Traps Market Report Segments:
The global Float Bimetallic Steam Traps market is segmented on the basis of:
Types
Thread Type, Flange Type
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
Chemical Industry, Waterworks, 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:
- Velan
- Ayvaz
Highlights of The Float 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:
- Thread Type
- Flange Type
- By Application:
- Chemical Industry
- Waterworks
- 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 Float 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Float bimetallic steam traps are a type of pressure relief valve that uses the principle of floatation to control the flow of steam. When high pressure is applied to the valve, it rises in water and opens, allowing low-pressure steam to escape. The float mechanism allows for adjustment so that even when there is no change in atmospheric pressure, the valve will open and release steam.
Some of the key players operating in the float bimetallic steam traps market are Velan, Ayvaz.
The float 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 Float 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 Float Bimetallic Steam Traps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Float 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 Float 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 Float Bimetallic Steam Traps Market Size & Forecast, 2018-2028
4.5.1 Float Bimetallic Steam Traps Market Size and Y-o-Y Growth
4.5.2 Float Bimetallic Steam Traps Market Absolute $ Opportunity
Chapter 5 Global Float Bimetallic Steam Traps 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 Float Bimetallic Steam Traps Market Size Forecast by Type
5.2.1 Thread Type
5.2.2 Flange Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Float Bimetallic Steam Traps 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 Float Bimetallic Steam Traps Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Waterworks
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Float 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 Float 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 Float Bimetallic Steam Traps Analysis and Forecast
9.1 Introduction
9.2 North America Float Bimetallic Steam Traps 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 Float Bimetallic Steam Traps Market Size Forecast by Type
9.6.1 Thread Type
9.6.2 Flange Type
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 Float Bimetallic Steam Traps Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Waterworks
9.10.3 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 Float Bimetallic Steam Traps Analysis and Forecast
10.1 Introduction
10.2 Europe Float Bimetallic Steam Traps 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 Float Bimetallic Steam Traps Market Size Forecast by Type
10.6.1 Thread Type
10.6.2 Flange Type
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 Float Bimetallic Steam Traps Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Waterworks
10.10.3 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 Float Bimetallic Steam Traps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Float Bimetallic Steam Traps 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 Float Bimetallic Steam Traps Market Size Forecast by Type
11.6.1 Thread Type
11.6.2 Flange Type
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 Float Bimetallic Steam Traps Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Waterworks
11.10.3 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 Float Bimetallic Steam Traps Analysis and Forecast
12.1 Introduction
12.2 Latin America Float Bimetallic Steam Traps 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 Float Bimetallic Steam Traps Market Size Forecast by Type
12.6.1 Thread Type
12.6.2 Flange Type
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 Float Bimetallic Steam Traps Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Waterworks
12.10.3 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) Float Bimetallic Steam Traps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Float Bimetallic Steam Traps 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) Float Bimetallic Steam Traps Market Size Forecast by Type
13.6.1 Thread Type
13.6.2 Flange Type
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) Float Bimetallic Steam Traps Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Waterworks
13.10.3 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 Float Bimetallic Steam Traps Market: Competitive Dashboard
14.2 Global Float Bimetallic Steam Traps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Velan
14.3.2 Ayvaz
