Steam Trap Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Steam Trap Market in 2025 is evaluated at USD 4.41 billion. The global Market size was more than USD 4.27 billion in 2024 and is anticipated to grow at a CAGR of around 4.1%, reaching USD 7.2 billion revenue by 2037. Asia Pacific is expected to bring in USD 2.74 billion by 2037, fueled by ongoing urbanization and industrialization in the Asia-Pacific region.
The growth might be attributed to the increasing investments and advances in the power and energy industries. Together with the ongoing global increase in industrialization and urbanization, energy consumption has increased dramatically. According to US Energy Information Administration projections, global power generation is expected to rise globally between 30% and 76% in 2050 compared to 2022 in all scenarios. Consequently, there has been an increase in the construction of intrastate transmission and sub-transmission networks in order to satisfy the growing power requirements. Because of the rising earnings of households and the growth of the manufacturing and heavy sectors, there will be an increasing need for energy and power.
Steam Trap Market: Growth Drivers and Challenges
Growth Drivers
- Industrial expansion and process optimization - The expansion of industrial sectors and the demand for process optimization are propelling the growth of the steam trap market. Steam systems that are dependable and effective are becoming more and more in demand as industries change. In many industrial operations, such as manufacturing, electricity generation, and chemical manufacture, steam is an essential ingredient.
The creation of steam accounts for a sizeable share of the fossil fuel consumption of all the major industrial energy consumers, including food processing (57%), pulp & paper (81%), chemicals (42%), petroleum refining (23%), and primary metals (10%). Furthermore, the importance of steam traps increases as enterprises work to optimize their manufacturing processes in order to lower costs and improve product quality.
- Energy efficiency imperative - One of the main reasons driving the steam trap market's expansion is the growing awareness of environmental issues along with rising energy prices. To guarantee that steam systems run as efficiently as possible, steam traps are essential. Steam traps save fuel, cut down on greenhouse gas emissions, and avoid energy waste by efficiently extracting condensate and non-condensable gases from steam lines
The typical lifespan of a steam trap is six years. Three kinds of steam traps are eligible for reimbursements under the Nicor Gas Energy Efficiency Program: Commercial Steam Traps: $15 per trap at 15 psig. As more and more sectors of the economy - from manufacturing to healthcare—invest in energy-efficient technologies, steam traps are becoming an indispensable part of their sustainability plans. - Stringent regulatory standards - The steam trap market is expanding as a result of the strict regulations that have been put in place regarding energy efficiency, safety, and emissions. Reducing energy usage and emissions in industrial processes is a global priority for governments and business organizations.
Steam traps are essential for accomplishing these goals because they manage steam systems effectively. Furthermore, in order to prevent accidents, safety rules require that steam equipment be operated properly, which makes steam traps an essential part of compliance.
Challenges
- Shift towards renewable energy - Steam traps are critical to conventional steam-based systems, but as companies and organizations shift to renewable energy sources like solar, wind, and geothermal energy, the need for them decreases. The global focus on lowering carbon emissions and raising energy efficiency is what is causing this change.
- Technological advancements in alternative heating systems - The steam trap market for conventional steam traps is facing serious competition from the creation and uptake of more sophisticated and energy-efficient heating technologies. The market demand for these components declines since modern technologies frequently do not require the intricate steam systems that make use of steam traps.
Steam Trap Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.1% |
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Base Year Market Size (2024) |
USD 4.27 billion |
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Forecast Year Market Size (2037) |
USD 7.2 billion |
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Regional Scope |
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Steam Trap Segmentation
Product Type (Thermodynamic, Mechanical, Thermostatic)
Mechanical steam traps segment is anticipated to capture over 56% steam trap market share by 2037. The segment growth can be attributed to mechanical steam traps operate efficiently by using the variation in density between steam and condensate. These steam traps are appropriate for many different process applications and are made to handle large amounts of condensate. These traps are necessary for effective condensate removal in steam systems, which guarantees that the dry and energy-efficient steam utilized in processes is produced. Their adaptability makes them the perfect option for a wide range of industrial applications where dependability and accurate control are essential.
At least once a year, routine inspections and maintenance can greatly increase their dependability. Plants that follow these maintenance plans can lower their failure rates from an average of 15–25% to about 5%. This proactive strategy enhances the plant's overall operational stability and cost-effectiveness in addition to increasing the efficiency of the steam traps.
Application (Instrument Steam Tracing, Line Steam Tracing, Drip Application, Process Application)
By 2037, instrument steam tracing segment is set to hold more than 65% steam trap market share. The growth of the segment will be propelled by the use of steam traps to maintain consistent temperatures in instrumentation lines, ensuring accurate measurements and preventing freezing or condensation. Significant environmental deterioration may result in emerging countries due to the quick industrial growth of China and other Asian countries as well as a preference for economic growth over environmental protection.
Precise measurements are essential for process control and safety in industries such as oil refining and petrochemicals, where this application is critical. Designed to manage modest condensate loads and preserve temperature control, steam traps are utilized in instrument steam tracing.
Material Type (Steel, Iron)
In steam trap market, steel segment is projected to hold over 35% revenue share by the end of 2037 owing to their durability, corrosion resistance, and ability to withstand high-pressure and high-temperature environments. They are frequently utilized in sectors including power generation, petrochemicals, and heavy industry where steam systems must withstand harsh circumstances. Their extended service life is guaranteed by their sturdy construction, which lowers maintenance and replacement expenses.
Particularly when linked to appliances like the SuperKlean DuraMix 8000 mixers, steam strainers are essential for keeping steam lines clean and operational. The 3/4" stainless steel disc-style steam trap is a crucial component of this arrangement.
Our in-depth analysis of the global steam trap market includes the following segments:
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Steam Trap Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is predicted to hold largest revenue share of 38% by 2037. The Asia-Pacific region's ongoing urbanization and industrialization propels the expansion of infrastructure, which in turn raises demand for state-of-the-art steam trap technology. Ensuring compliance with stringent environmental regulations, reducing operational expenses, and enhancing energy efficiency all depend on these technologies.
India's steam trap market is expected to grow at an annual pace of 7% over the next five years, driven by the country's growing manufacturing sector and government initiatives promoting energy conservation. India's pledge to reduce carbon emissions has put enormous pressure on the industrial sector to adopt efficient steam management technologies. The installation of new infrastructure and the renovation of existing facilities are driving up demand for high-performance steam traps.
China experiences tremendous demand due to its strong industrial base and emphasis on energy conservation, accounting for more than 30% of the steam trap market in Asia Pacific fulfilling 25% global electricity demand. Sophisticated steam systems that minimize energy waste are required due to the country's environmental rules and ongoing industrial developments. Because of this, China is seeing a rise in demand for cutting-edge steam trap solutions that support its goals for environmental protection and operational efficiency.
Reliability in steam traps is still in high demand in Japan, a nation known for its sophisticated technical environment and meticulous engineering. Strong and efficient steam traps are necessary for Japanese companies, which account for 15% of the regional market, to comply with environmental requirements and maximize energy efficiency. The country's focus on boosting industrial productivity and preserving energy
North America Market Analysis
By 2037, steam trap market size for North America region is likely to grow significantly with a focus on enhancing energy efficiency and optimizing processes across diverse industries. Steam traps are vital to a wide range of sectors in this region, particularly in the US and Canada, from manufacturing to food processing, sustaining the diverse range of economic activities that are typical in these countries.
In the US, steam traps are essential to sectors including chemical manufacturing, petroleum refining, and food processing where steam economy and system efficiency are vital. The market is driven by strict energy rules and the need for innovative steam management technologies. Sales of steam traps in the US are predicted to rise at a 4.5% annual rate as a result of facility improvements and new industrial projects that require efficient steam control system.
Canada's heavy industries and heating systems obviously rely on steam traps, given the country's colder climate. Particularly in district heating systems used in the paper and pulp industries, steam traps are essential for maintaining operational dependability and energy efficiency. The demand for efficient steam traps is always rising due to the nation's emphasis on sustainable practices, as steam generation constitutes 20% of industrial energy usage. The Canadian steam trap industry is expected to grow significantly as a result of government measures to improve industrial energy efficiency.
Companies Dominating the Steam Trap Market
- The Weir Group PLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Circor International Inc.
- Emerson Electric Co.
- Flowserve Corporation
- Pentair Inc.
- Schlumberger Limited
- Spirax-Sarco Engineering
- Thermax Ltd.
- Velan Inc.
- Watts Water Technologies Inc.
Industry participants are extending the functionalities of automation control systems to facilitate their application in the industrial automation sector including aerospace and military, mining and metals, and transportation. Leading companies in the market for industrial automation and control systems include:
Recent Developments
- Spirax-Sarco Engineering has successfully acquired Cotopaxi Ltd., an energy consultancy company, as of January 2022. This strategic move is planned to fortify Spirax-Sarco's Steam Specialties division and broaden its offerings to industrial steam customers by leveraging Cotopaxi's experience with digital steam system solutions.
- Watts Water Technologies, Inc. announced on December 11, 2023, that it has finalized an agreement to buy Josam Company. By incorporating Josam's cutting-edge and precisely crafted goods, Watts Water Technologies will be able to offer a wider choice of products and solutions to its customers.
- Report ID: 6122
- Published Date: May 10, 2025
- Report Format: PDF, PPT
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