Market Overview:
The global thermostatic steam trap 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 systems and equipment across various industries. Additionally, the growing awareness about energy conservation is also propelling the growth of this market. The thermostatic steam trap market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into bimetallic steam traps, balanced pressure steam traps, and others (including mechanical and electronic). The bimetallic steam traps segment is expected to hold a major share in this market owing to their high efficiency and durability. On the basis of application, it can be classified into three segments: Steam main lines; Steam trace applications; Steam heating equipment; Others (including power generation plants and food processing plants).
Product Definition:
A thermostatic steam trap is a device that senses the temperature of the condensate in order to automatically discharge or admit steam as necessary. This allows for greater efficiency and prevents the loss of valuable heat.
Bimetallic Steam Trap:
Bimetallic steam trap is a device consisting of two independent thermometers, one of them is normally closed and the other one works as a switch. The working principle behind this device is based on the differential expansion between both thermometers which becomes wider as temperature increases. As soon as the difference between both temperatures approaches zero, then bimetallic action occurs and it opens up to let flow of steam.
Balanced Pressure Steam Trap:
The balanced pressure steam trap is a device that helps to maintain the desired temperature of the water by reducing fluctuation in temperature. It works on the principle of balance between supply and demand pressure in order to maintain constant temperature. The trap consists of two parts, namely upper chamber and lower chamber which are connected by a flexible hose. The flexible hose has an orifice at one end which is attached to an external source such as boiler feedwater or hot water from shower etc.
Application Insights:
The market is segmented on the basis of application into steam main lines, steam trace application, and other applications. The other applications include chemical industry, food & beverage industry and energy generation. Steam main lines dominated the overall market in terms of revenue share in 2017 owing to its extensive use across various industries such as power generation and chemicals. Thermostatic steam traps are used for reducing condensations along with maintaining high flow rates through reduction in pipe pressure fluctuations that may occur due to changes in temperature or pressure levels. This factor is expected to drive their demand over the forecast period as they offer enhanced industrial productivity while minimizing operating costs at a same time eliminating human errors during operations.
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 demand for advanced and high-efficiency products in countries, such as China, India, Japan and South Korea. The region is home to several manufacturing facilities of major players that are involved in thermostatic steam trap production. These companies are also focusing on expanding their business by setting up production facilities in emerging economies due to low labor costs and easy availability of raw materials/components.
Growth Factors:
- Increasing demand from the process industries for energy-efficient and reliable steam traps
- Growing awareness about the benefits of thermostatic steam traps over conventional mechanical steam traps
- Rising investments in industrial infrastructure across developing countries
- Proliferation of smart technologies in heating, ventilation, and air conditioning (HVAC) systems
- Stringent regulations to promote energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermostatic Steam Trap Market Research Report
By Type
Bimetallic Steam Trap, Balanced Pressure Steam Trap, Others
By Application
Steam Main Lines, Steam Trace Application, Steam Heating Equipment, Others
By Companies
ARI, Spirax Sarco, Igemai, GESTRA, Emerson, Armstrong, TLV, Ayvaz, Forbes Marshall, Miyawaki, ARI
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Thermostatic Steam Trap Market Report Segments:
The global Thermostatic Steam Trap market is segmented on the basis of:
Types
Bimetallic Steam Trap, Balanced Pressure Steam Trap, Others
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
Steam Main Lines, Steam Trace Application, Steam Heating Equipment, 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:
- ARI
- Spirax Sarco
- Igemai
- GESTRA
- Emerson
- Armstrong
- TLV
- Ayvaz
- Forbes Marshall
- Miyawaki
- ARI
Highlights of The Thermostatic Steam Trap 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:
- Bimetallic Steam Trap
- Balanced Pressure Steam Trap
- Others
- By Application:
- Steam Main Lines
- Steam Trace Application
- Steam Heating Equipment
- 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 Thermostatic Steam Trap 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?
A thermostatic steam trap is a device that senses the temperature of the steam and automatically opens or closes a valve to control the flow of steam. This helps to maintain consistent temperatures in your home, which can prevent damage from occurring due to fluctuating temperatures.
Some of the major players in the thermostatic steam trap market are ARI, Spirax Sarco, Igemai, GESTRA, Emerson, Armstrong, TLV, Ayvaz, Forbes Marshall, Miyawaki, ARI.
The thermostatic steam trap market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermostatic Steam Trap 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 Thermostatic Steam Trap Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermostatic Steam Trap 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 Thermostatic Steam Trap 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 Thermostatic Steam Trap Market Size & Forecast, 2020-2028
4.5.1 Thermostatic Steam Trap Market Size and Y-o-Y Growth
4.5.2 Thermostatic Steam Trap 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 Bimetallic Steam Trap
5.2.2 Balanced Pressure Steam Trap
5.2.3 Others
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 Steam Main Lines
6.2.2 Steam Trace Application
6.2.3 Steam Heating Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermostatic Steam Trap 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 Thermostatic Steam Trap 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 Bimetallic Steam Trap
9.6.2 Balanced Pressure Steam Trap
9.6.3 Others
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 Steam Main Lines
9.10.2 Steam Trace Application
9.10.3 Steam Heating Equipment
9.10.4 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 Bimetallic Steam Trap
10.6.2 Balanced Pressure Steam Trap
10.6.3 Others
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 Steam Main Lines
10.10.2 Steam Trace Application
10.10.3 Steam Heating Equipment
10.10.4 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 Bimetallic Steam Trap
11.6.2 Balanced Pressure Steam Trap
11.6.3 Others
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 Steam Main Lines
11.10.2 Steam Trace Application
11.10.3 Steam Heating Equipment
11.10.4 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 Bimetallic Steam Trap
12.6.2 Balanced Pressure Steam Trap
12.6.3 Others
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 Steam Main Lines
12.10.2 Steam Trace Application
12.10.3 Steam Heating Equipment
12.10.4 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 Bimetallic Steam Trap
13.6.2 Balanced Pressure Steam Trap
13.6.3 Others
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 Steam Main Lines
13.10.2 Steam Trace Application
13.10.3 Steam Heating Equipment
13.10.4 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 Thermostatic Steam Trap Market: Competitive Dashboard
14.2 Global Thermostatic Steam Trap Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ARI
14.3.2 Spirax Sarco
14.3.3 Igemai
14.3.4 GESTRA
14.3.5 Emerson
14.3.6 Armstrong
14.3.7 TLV
14.3.8 Ayvaz
14.3.9 Forbes Marshall
14.3.10 Miyawaki
14.3.11 ARI
