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Dublin, November 5th, 2020 (GLOBE NEWSWIRE) – The ‘Steam Traps Market: Global Industry Trends, Share, Size, Growth, Opportunities and 2020-2025 Forecast’ report has been added to ResearchAndMarkets.com’s offer.
The global steam trap market is currently seeing stable growth
A steam trap is a mechanical valve that is used to discharge condensate and non-condensates, such as air and carbon dioxide, from steam lines. Mechanical, thermostatic and thermodynamic traps are the most common types of steam traps available on the market.
They are commonly used in bulk storage tanks, pressure reducing valve stations, steamers, heat exchangers and reboilers. They also act as a separation point between the condensates and the steam system to create latent heat and transfer it to a specific product. For this reason, flow traps find wide application in various industries, including oil and gas, power generation, chemicals, pharmaceuticals, pulp and paper, food and beverage.
Growing industrialization is one of the key factors driving market growth. Current arresters are extremely durable, lightweight and have a long service life. For this reason, they are widely adopted for sterilization and to improve the efficiency of various industrial processes. Furthermore, growing oil and gas exploration activities around the world are also providing a boost to market growth.
In addition, various technological advances, including the development of wireless monitoring systems, act as another growth factor. Advanced steam traps are equipped with thermocouple sensors to take temperature readings at periodic intervals and transmit signals to an interface to allow the user to access them remotely.
Other factors, including the implementation of favorable government policies that promote the sustainable use of energy resources and extensive research and development (R&D) activities, along with the growing trend towards automation in the oil and gas industry, should further drive the market.
Looking ahead, the market will record a CAGR of 3.5% over the 2020-2025 period.
Key questions answered in this report:
- How has the global steam trap market performed so far and what will it look like in the coming years?
- What are the main regional markets?
- What is the break in the market based on the type of product?
- What is the market break based on the application?
- What is the break in the market based on the type of material?
- What is the market break based on the distribution channel?
- What is the market break based on the end-use industry?
- What are the various stages of the industry value chain?
- What are the main drivers and challenges of the sector?
- What is the structure of the global Steam Traps market and who are the major players?
- What is the degree of competition in the industry?
Key topics covered:
1 Preface
2 Scope and methodology
2.1 Objectives of the study
2.2 Stakeholders
2.3 Sources of data
2.4 Market estimate
2.5 Forecasting methodology
3 Executive summary
4 Introduction
4.1 Overview
4.2 Main industry trends
5 Global Steam Trap Market
5.1 Market overview
5.2 Market performance
5.3 Market forecasts
6 Breakdown of the market by type of product
6.1 Thermodynamic
6.1.1 Market Trends
6.1.2 Market forecasts
6.2 Mechanical
6.3 Thermostatic
7 Market breakdown by application
7.1 Steam tracing of the instrument
7.1.1 Market Trends
7.1.2 Market forecasts
7.2 Line steam tracing
7.3 Drop application
7.4 Process application
7.5 Others
8 Breakdown of the market by type of material
8.1 Steel
8.1.1 Market Trends
8.1.2 Market forecasts
8.2 Iron
8.3 Others
9 Breakdown of the market by distribution channel
9.1 Online
9.1.1 Market Trends
9.1.2 Market forecasts
9.2 Offline
10 Breakdown of the market by end use sector
10.1 Oil and gas
10.1.1 Market Trends
10.1.2 Market forecasts
10.2 Power generation
10.3 Pharmaceutical products
10.4 Food and drinks
10.5 Wood pulp and paper
10.6 Chemist
10.7 Others
11 Breakdown of the market by region
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Analysis of the value chain
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining power of suppliers
14.4 Degree of competition
14.5 Threat of new participants
14.6 Threat of substitutes
15 Price indicators
16 Competitive landscape
16.1 Market structure
16.2 Key players
16.3 Profiles of the main actors
- Circor International Inc.
- Emerson Electric Co.
- Flowserve Corporation
- Pentair Inc.
- Schlumberger Limited
- Spirax-Sarco Engineering
- Thermax Ltd.
- Velan Inc.
- Watts Water Technologies Inc.
- The Weir Group PLC
For more information on this report, please visit https://www.researchandmarkets.com/r/8zd3p
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