Market Overview:
The global mechanical 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 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 mechanical steam trap market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into float type and inverted bucket type. Float type steam traps are more common than inverted bucket types as they are easier to manufacture and maintain. On the basis of application, it can be classified into oil & petrochemical industry, power industry, pulp & paper industry, and other applications such as food processing plants and hospitals & clinics etcetera . Geographically speaking ,the global mechanical steam trap market is segmented into North America , Latin America , Europe Asia Pacific (APAC)and Middle East Africa (MEA). Among these regions APAC holds a dominant position followed by Europe .
Product Definition:
A mechanical steam trap is a device used to discharge condensate (water) from a steam system. The importance of mechanical steam traps is that they help to maintain the pressure in the system by eliminating condensate, which would otherwise create an unnecessary load on the boiler.
Float type:
The float type mechanical steam trap is a safety device used to prevent the overheating of condensate and feed water in a steam generator. It works on the principle of Archimedean screw where as the heat transfer fluid rises up to temperature, it gets converted into vapor by this process and then falls down again to fill in the vacant space.
Inverted Bucket type:
Inverted bucket type mechanical steam trap is a device used to collect condensate from a vaporized liquid. It has the ability to separate the liquid and gas phases, thus making it useful for recycling of various liquids such as bio-alcohols, glycerol, water etc. The trap consists of two metal collecting vessels connected by an airtight seal at their lower ends.
Application Insights:
The oil & petrochemical industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The power industry is also one of the prominent users of these devices as they help eliminate condensate without any additional costs. In addition, these traps are used in various other industries such as food and beverages, pulp and paper, etc. These products have a wide application scope across diverse industries which provides growth opportunities for mechanical steam trap market players globally.
Pulp & paper emerged as another major segment with a share of 8% in terms of volume in 2017 owing to rising demand from this sector for de-icing operations along with its applications across chemical manufacturing sectors worldwide including polymers and resins production plants.
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 steam traps from various end-use industries such as power, oil & gas, chemicals and others. This growth can be attributed to rising energy consumption coupled with stringent government regulations regarding environment protection.
The Middle East & Africa is anticipated to witness significant growth over the forecast period owing to rapid development in several countries such as Saudi Arabia, UAE and Egypt among others that are majorly dependent on oil industry for economic activities. In addition, growing construction sector due to rise in population along with need for infrastructure development will drive product demand further boosting regional market growth.
North America also holds a prominent position in global mechanical steam trap market owing to high investments towards sustainable energy sources along with strict government regulations about emission of toxic gases into atmosphere resulting into requirement of emission control devices such as mechanical steam traps that prevent condensation formation within piping system or equipment housing etc.
Growth Factors:
- Increasing demand from the process industries for energy-efficient systems that can help reduce wastage of steam is expected to drive the growth of the mechanical steam trap market over the forecast period.
- Rising awareness about energy conservation and government initiatives towards its promotion are also expected to fuel the growth of this market in the near future.
- The increasing installation of HVAC systems in both residential and commercial buildings is also projected to boost demand for mechanical steam traps during the forecast period.
- Growing investments in infrastructure development projects across emerging economies are anticipated to create lucrative opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Steam Trap Market Research Report
By Type
Float type, Inverted Bucket type
By Application
Oil & Petrochemical, Power Industry, Pulp & Paper, Other
By Companies
Flowserve, Tyco (Pentair), Spirax Sarco, Armstrong, Lonze Valve, Velan, Circor, Watson McDaniel, Yoshitake, DSC, Steriflow, Tunstall Corporation, MIYAWAKI, Yingqiao Machinery, Hongfeng Mechanical, Chenghang Industrial Safety, Shanghai Hugong
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Steam Trap Market Report Segments:
The global Mechanical Steam Trap market is segmented on the basis of:
Types
Float type, Inverted Bucket 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
Oil & Petrochemical, Power Industry, Pulp & Paper, Other
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:
- Flowserve
- Tyco (Pentair)
- Spirax Sarco
- Armstrong
- Lonze Valve
- Velan
- Circor
- Watson McDaniel
- Yoshitake
- DSC
- Steriflow
- Tunstall Corporation
- MIYAWAKI
- Yingqiao Machinery
- Hongfeng Mechanical
- Chenghang Industrial Safety
- Shanghai Hugong
Highlights of The Mechanical 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:
- Float type
- Inverted Bucket type
- By Application:
- Oil & Petrochemical
- Power Industry
- Pulp & Paper
- Other
- 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 Mechanical 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A mechanical steam trap is a device used to prevent the escape of steam from a boiler. When the pressure in the boiler reaches a certain level, it will cause water to enter the boiler and turn into steam. This high-pressure steam will then try to escape through any openings that are present, including those that lead to the condenser. A mechanical steam trap is designed specifically to stop this escaping steam before it can damage any equipment or property inside of the boiler.
Some of the major players in the mechanical steam trap market are Flowserve, Tyco (Pentair), Spirax Sarco, Armstrong, Lonze Valve, Velan, Circor, Watson McDaniel, Yoshitake, DSC, Steriflow, Tunstall Corporation, MIYAWAKI, Yingqiao Machinery, Hongfeng Mechanical, Chenghang Industrial Safety, Shanghai Hugong.
The mechanical steam trap market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical Steam Trap Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mechanical Steam Trap Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Steam Trap Market - Supply Chain
4.5. Global Mechanical Steam Trap Market Forecast
4.5.1. Mechanical Steam Trap Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Steam Trap Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Steam Trap Market Absolute $ Opportunity
5. Global Mechanical Steam Trap Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mechanical Steam Trap Market Size and Volume Forecast by Type
5.3.1. Float type
5.3.2. Inverted Bucket type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical Steam Trap Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mechanical Steam Trap Market Size and Volume Forecast by Application
6.3.1. Oil & Petrochemical
6.3.2. Power Industry
6.3.3. Pulp & Paper
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical Steam Trap Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mechanical Steam Trap Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mechanical Steam Trap Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mechanical Steam Trap Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mechanical Steam Trap Demand Share Forecast, 2019-2026
9. North America Mechanical Steam Trap Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mechanical Steam Trap Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mechanical Steam Trap Market Size and Volume Forecast by Application
9.4.1. Oil & Petrochemical
9.4.2. Power Industry
9.4.3. Pulp & Paper
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mechanical Steam Trap Market Size and Volume Forecast by Type
9.7.1. Float type
9.7.2. Inverted Bucket type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mechanical Steam Trap Demand Share Forecast, 2019-2026
10. Latin America Mechanical Steam Trap Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mechanical Steam Trap Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mechanical Steam Trap Market Size and Volume Forecast by Application
10.4.1. Oil & Petrochemical
10.4.2. Power Industry
10.4.3. Pulp & Paper
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mechanical Steam Trap Market Size and Volume Forecast by Type
10.7.1. Float type
10.7.2. Inverted Bucket type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mechanical Steam Trap Demand Share Forecast, 2019-2026
11. Europe Mechanical Steam Trap Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mechanical Steam Trap Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mechanical Steam Trap Market Size and Volume Forecast by Application
11.4.1. Oil & Petrochemical
11.4.2. Power Industry
11.4.3. Pulp & Paper
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mechanical Steam Trap Market Size and Volume Forecast by Type
11.7.1. Float type
11.7.2. Inverted Bucket type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Pojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mechanical Steam Trap Demand Share, 2019-2026
12. Asia Pacific Mechanical Steam Trap Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mechanical Steam Trap Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mechanical Steam Trap Market Size and Volume Forecast by Application
12.4.1. Oil & Petrochemical
12.4.2. Power Industry
12.4.3. Pulp & Paper
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mechanical Steam Trap Market Size and Volume Forecast by Type
12.7.1. Float type
12.7.2. Inverted Bucket type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mechanical Steam Trap Demand Share, 2019-2026
13. Middle East & Africa Mechanical Steam Trap Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mechanical Steam Trap Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mechanical Steam Trap Market Size and Volume Forecast by Application
13.4.1. Oil & Petrochemical
13.4.2. Power Industry
13.4.3. Pulp & Paper
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mechanical Steam Trap Market Size and Volume Forecast by Type
13.7.1. Float type
13.7.2. Inverted Bucket type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mechanical Steam Trap Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Steam Trap Market: Market Share Analysis
14.2. Mechanical Steam Trap Distributors and Customers
14.3. Mechanical Steam Trap Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Flowserve
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tyco (Pentair)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Spirax Sarco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Armstrong
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lonze Valve
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Velan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Circor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Watson McDaniel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yoshitake
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DSC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Steriflow
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tunstall Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MIYAWAKI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yingqiao Machinery
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hongfeng Mechanical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Chenghang Industrial Safety
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shanghai Hugong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook