$3.34 Billion Steam Trap Market by Product, Application, Body Material, End-user Industry & Geography - Global Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Steam Trap Market - Global Forecast to 2022" report to their offering.

The steam trap market is estimated at USD 3.34 billion in 2017 and is projected to grow at a CAGR of 4.2% to reach USD 4.11 billion by 2022. This can be attributed to the growing sustainability concerns, stringent regulatory framework to reduce carbon footprint, and the active adoption of steam traps by end-user industries to ramp up fuel savings.

Mechanical steam traps held the largest size of the steam trap market in 2017. Mechanical steam traps sense the difference in density between the condensate and the steam. These steam traps are well-suited for a wide range of process applications due to their capability of continuously discharging large volumes of condensate. Owing to the distinct features-such as excellent air venting capabilities, minimal condensate backup, and continuous condensate discharge and robust design-of mechanical steam traps, the mechanical steam trap segment is expected to dominate the market during the forecast period between 2017 and 2022.

Tracing application will likely lead the steam trap market between 2017 and 2022. Tracing application of steam trap refers to the utilization of steam to indirectly raise the temperature of a process or product. This is achieved by using some type of jacketing device or tubing filled with steam. Typical steam tracing application utilizes copper or stainless steel tubing. This tubing is filled with steam and wrapped or coiled around the outside of a tank or pipe containing material for heating. The steam present in the tubing transfers its heat energy to the material in the pipe or tank. This prevents the material from freezing or losing its viscosity, thereby facilitating material flow.

Companies Mentioned

  • Bestobell Steam Traps
  • Circor International, Inc.
  • Emerson Electric Co.
  • Flowserve Corporation
  • Key Innovator
  • Pentair PLC
  • Schlumberger N.V.
  • Spirax-Sarco Engineering PLC
  • The Weir Group PLC
  • Thermax Limited
  • Velan Inc.
  • Watson Mcdaniel Company
  • Watts Water Technologies, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Steam Trap Market, By Product

8 Steam Trap Market, By Application

9 Steam Trap Market, By Body Material

10 Steam Trap Market, By End-User Industry

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/7btq4s/steam_trap_market

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Valves

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Valves