Global Steam Traps Market Growth 2024-2030

The global Steam Traps market size is projected to grow from US$ 982 million in 2024 to US$ 1244 million in 2030; it is expected to grow at a CAGR of 4.0% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Steam Traps Industry Forecast” looks at past sales and reviews total world Steam Traps sales in 2023, providing a comprehensive analysis by region and market sector of projected Steam Traps sales for 2024 through 2030. With Steam Traps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steam Traps industry.

This Insight Report provides a comprehensive analysis of the global Steam Traps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steam Traps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steam Traps market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steam Traps and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steam Traps.

Global key players of Steam Traps include Spirax Sarco, Armstrong, TLV, etc. The top three players hold a share over 32%. North America is the largest market, with a share about 28%, followed by Europe and China, with share 24% and 20%, separately. In terms of product type, Mechanical Trap is the largest segment, occupied for a share of 46%. In terms of application, Oil and Petrochemical has a share about 26 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Steam Traps market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Mechanical Trap
    Thermostatic Trap
    Thermodynamic Trap

Segmentation by Application:
    Oil & Petrochemical
    Power Industry
    Pharmaceutical
    Food & Beverage
    Pulp & Paper
    General Industry
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Spirax Sarco
    Armstrong
    TLV
    Velan
    Emerson
    ARI
    MIYAWAKI
    Hongfeng Mechanical
    Yingqiao Machinery
    Forbes Marshall
    Cameron
    DSC
    Watson McDaniel
    Yoshitake
    Water-Dispersing Valve
    Lonze Valve

Key Questions Addressed in this Report
What is the 10-year outlook for the global Steam Traps market?
What factors are driving Steam Traps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steam Traps market opportunities vary by end market size?
How does Steam Traps break out by Type, by Application?

List of Tables
 Table 1. Steam Traps Annual Sales CAGR by Geographic Region (2019, 2023 & 2030) & ($ millions)
 Table 2. Steam Traps Annual Sales CAGR by Country/Region (2019, 2023 & 2030) & ($ millions)
 Table 3. Major Players of Mechanical Trap
 Table 4. Major Players of Thermostatic Trap
 Table 5. Major Players of Thermodynamic Trap
 Table 6. Global Steam Traps Sales by Type (2019-2024) & (K Units)
 Table 7. Global Steam Traps Sales Market Share by Type (2019-2024)
 Table 8. Global Steam Traps Revenue by Type (2019-2024) & ($ million)
 Table 9. Global Steam Traps Revenue Market Share by Type (2019-2024)
 Table 10. Global Steam Traps Sale Price by Type (2019-2024) & (USD/Unit)
 Table 11. Global Steam Traps Sale by Application (2019-2024) & (K Units)
 Table 12. Global Steam Traps Sale Market Share by Application (2019-2024)
 Table 13. Global Steam Traps Revenue by Application (2019-2024) & ($ million)
 Table 14. Global Steam Traps Revenue Market Share by Application (2019-2024)
 Table 15. Global Steam Traps Sale Price by Application (2019-2024) & (USD/Unit)
 Table 16. Global Steam Traps Sales by Company (2019-2024) & (K Units)
 Table 17. Global Steam Traps Sales Market Share by Company (2019-2024)
 Table 18. Global Steam Traps Revenue by Company (2019-2024) & ($ millions)
 Table 19. Global Steam Traps Revenue Market Share by Company (2019-2024)
 Table 20. Global Steam Traps Sale Price by Company (2019-2024) & (USD/Unit)
 Table 21. Key Manufacturers Steam Traps Producing Area Distribution and Sales Area
 Table 22. Players Steam Traps Products Offered
 Table 23. Steam Traps Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
 Table 24. New Products and Potential Entrants
 Table 25. Market M&A Activity & Strategy
 Table 26. Global Steam Traps Sales by Geographic Region (2019-2024) & (K Units)
 Table 27. Global Steam Traps Sales Market Share Geographic Region (2019-2024)
 Table 28. Global Steam Traps Revenue by Geographic Region (2019-2024) & ($ millions)
 Table 29. Global Steam Traps Revenue Market Share by Geographic Region (2019-2024)
 Table 30. Global Steam Traps Sales by Country/Region (2019-2024) & (K Units)
 Table 31. Global Steam Traps Sales Market Share by Country/Region (2019-2024)
 Table 32. Global Steam Traps Revenue by Country/Region (2019-2024) & ($ millions)
 Table 33. Global Steam Traps Revenue Market Share by Country/Region (2019-2024)
 Table 34. Americas Steam Traps Sales by Country (2019-2024) & (K Units)
 Table 35. Americas Steam Traps Sales Market Share by Country (2019-2024)
 Table 36. Americas Steam Traps Revenue by Country (2019-2024) & ($ millions)
 Table 37. Americas Steam Traps Sales by Type (2019-2024) & (K Units)
 Table 38. Americas Steam Traps Sales by Application (2019-2024) & (K Units)
 Table 39. APAC Steam Traps Sales by Region (2019-2024) & (K Units)
 Table 40. APAC Steam Traps Sales Market Share by Region (2019-2024)
 Table 41. APAC Steam Traps Revenue by Region (2019-2024) & ($ millions)
 Table 42. APAC Steam Traps Sales by Type (2019-2024) & (K Units)
 Table 43. APAC Steam Traps Sales by Application (2019-2024) & (K Units)
 Table 44. Europe Steam Traps Sales by Country (2019-2024) & (K Units)
 Table 45. Europe Steam Traps Revenue by Country (2019-2024) & ($ millions)
 Table 46. Europe Steam Traps Sales by Type (2019-2024) & (K Units)
 Table 47. Europe Steam Traps Sales by Application (2019-2024) & (K Units)
 Table 48. Middle East & Africa Steam Traps Sales by Country (2019-2024) & (K Units)
 Table 49. Middle East & Africa Steam Traps Revenue Market Share by Country (2019-2024)
 Table 50. Middle East & Africa Steam Traps Sales by Type (2019-2024) & (K Units)
 Table 51. Middle East & Africa Steam Traps Sales by Application (2019-2024) & (K Units)
 Table 52. Key Market Drivers & Growth Opportunities of Steam Traps
 Table 53. Key Market Challenges & Risks of Steam Traps
 Table 54. Key Industry Trends of Steam Traps
 Table 55. Steam Traps Raw Material
 Table 56. Key Suppliers of Raw Materials
 Table 57. Steam Traps Distributors List
 Table 58. Steam Traps Customer List
 Table 59. Global Steam Traps Sales Forecast by Region (2025-2030) & (K Units)
 Table 60. Global Steam Traps Revenue Forecast by Region (2025-2030) & ($ millions)
 Table 61. Americas Steam Traps Sales Forecast by Country (2025-2030) & (K Units)
 Table 62. Americas Steam Traps Annual Revenue Forecast by Country (2025-2030) & ($ millions)
 Table 63. APAC Steam Traps Sales Forecast by Region (2025-2030) & (K Units)
 Table 64. APAC Steam Traps Annual Revenue Forecast by Region (2025-2030) & ($ millions)
 Table 65. Europe Steam Traps Sales Forecast by Country (2025-2030) & (K Units)
 Table 66. Europe Steam Traps Revenue Forecast by Country (2025-2030) & ($ millions)
 Table 67. Middle East & Africa Steam Traps Sales Forecast by Country (2025-2030) & (K Units)
 Table 68. Middle East & Africa Steam Traps Revenue Forecast by Country (2025-2030) & ($ millions)
 Table 69. Global Steam Traps Sales Forecast by Type (2025-2030) & (K Units)
 Table 70. Global Steam Traps Revenue Forecast by Type (2025-2030) & ($ millions)
 Table 71. Global Steam Traps Sales Forecast by Application (2025-2030) & (K Units)
 Table 72. Global Steam Traps Revenue Forecast by Application (2025-2030) & ($ millions)
 Table 73. Spirax Sarco Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 74. Spirax Sarco Steam Traps Product Portfolios and Specifications
 Table 75. Spirax Sarco Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 76. Spirax Sarco Main Business
 Table 77. Spirax Sarco Latest Developments
 Table 78. Armstrong Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 79. Armstrong Steam Traps Product Portfolios and Specifications
 Table 80. Armstrong Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 81. Armstrong Main Business
 Table 82. Armstrong Latest Developments
 Table 83. TLV Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 84. TLV Steam Traps Product Portfolios and Specifications
 Table 85. TLV Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 86. TLV Main Business
 Table 87. TLV Latest Developments
 Table 88. Velan Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 89. Velan Steam Traps Product Portfolios and Specifications
 Table 90. Velan Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 91. Velan Main Business
 Table 92. Velan Latest Developments
 Table 93. Emerson Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 94. Emerson Steam Traps Product Portfolios and Specifications
 Table 95. Emerson Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 96. Emerson Main Business
 Table 97. Emerson Latest Developments
 Table 98. ARI Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 99. ARI Steam Traps Product Portfolios and Specifications
 Table 100. ARI Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 101. ARI Main Business
 Table 102. ARI Latest Developments
 Table 103. MIYAWAKI Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 104. MIYAWAKI Steam Traps Product Portfolios and Specifications
 Table 105. MIYAWAKI Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 106. MIYAWAKI Main Business
 Table 107. MIYAWAKI Latest Developments
 Table 108. Hongfeng Mechanical Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 109. Hongfeng Mechanical Steam Traps Product Portfolios and Specifications
 Table 110. Hongfeng Mechanical Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 111. Hongfeng Mechanical Main Business
 Table 112. Hongfeng Mechanical Latest Developments
 Table 113. Yingqiao Machinery Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 114. Yingqiao Machinery Steam Traps Product Portfolios and Specifications
 Table 115. Yingqiao Machinery Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 116. Yingqiao Machinery Main Business
 Table 117. Yingqiao Machinery Latest Developments
 Table 118. Forbes Marshall Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 119. Forbes Marshall Steam Traps Product Portfolios and Specifications
 Table 120. Forbes Marshall Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 121. Forbes Marshall Main Business
 Table 122. Forbes Marshall Latest Developments
 Table 123. Cameron Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 124. Cameron Steam Traps Product Portfolios and Specifications
 Table 125. Cameron Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 126. Cameron Main Business
 Table 127. Cameron Latest Developments
 Table 128. DSC Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 129. DSC Steam Traps Product Portfolios and Specifications
 Table 130. DSC Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 131. DSC Main Business
 Table 132. DSC Latest Developments
 Table 133. Watson McDaniel Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 134. Watson McDaniel Steam Traps Product Portfolios and Specifications
 Table 135. Watson McDaniel Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 136. Watson McDaniel Main Business
 Table 137. Watson McDaniel Latest Developments
 Table 138. Yoshitake Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 139. Yoshitake Steam Traps Product Portfolios and Specifications
 Table 140. Yoshitake Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 141. Yoshitake Main Business
 Table 142. Yoshitake Latest Developments
 Table 143. Water-Dispersing Valve Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 144. Water-Dispersing Valve Steam Traps Product Portfolios and Specifications
 Table 145. Water-Dispersing Valve Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 146. Water-Dispersing Valve Main Business
 Table 147. Water-Dispersing Valve Latest Developments
 Table 148. Lonze Valve Basic Information, Steam Traps Manufacturing Base, Sales Area and Its Competitors
 Table 149. Lonze Valve Steam Traps Product Portfolios and Specifications
 Table 150. Lonze Valve Steam Traps Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2019-2024)
 Table 151. Lonze Valve Main Business
 Table 152. Lonze Valve Latest Developments


List of Figures
 Figure 1. Picture of Steam Traps
 Figure 2. Steam Traps Report Years Considered
 Figure 3. Research Objectives
 Figure 4. Research Methodology
 Figure 5. Research Process and Data Source
 Figure 6. Global Steam Traps Sales Growth Rate 2019-2030 (K Units)
 Figure 7. Global Steam Traps Revenue Growth Rate 2019-2030 ($ millions)
 Figure 8. Steam Traps Sales by Geographic Region (2019, 2023 & 2030) & ($ millions)
 Figure 9. Steam Traps Sales Market Share by Country/Region (2023)
 Figure 10. Steam Traps Sales Market Share by Country/Region (2019, 2023 & 2030)
 Figure 11. Product Picture of Mechanical Trap
 Figure 12. Product Picture of Thermostatic Trap
 Figure 13. Product Picture of Thermodynamic Trap
 Figure 14. Global Steam Traps Sales Market Share by Type in 2023
 Figure 15. Global Steam Traps Revenue Market Share by Type (2019-2024)
 Figure 16. Steam Traps Consumed in Oil & Petrochemical
 Figure 17. Global Steam Traps Market: Oil & Petrochemical (2019-2024) & (K Units)
 Figure 18. Steam Traps Consumed in Power Industry
 Figure 19. Global Steam Traps Market: Power Industry (2019-2024) & (K Units)
 Figure 20. Steam Traps Consumed in Pharmaceutical
 Figure 21. Global Steam Traps Market: Pharmaceutical (2019-2024) & (K Units)
 Figure 22. Steam Traps Consumed in Food & Beverage
 Figure 23. Global Steam Traps Market: Food & Beverage (2019-2024) & (K Units)
 Figure 24. Steam Traps Consumed in Pulp & Paper
 Figure 25. Global Steam Traps Market: Pulp & Paper (2019-2024) & (K Units)
 Figure 26. Steam Traps Consumed in General Industry
 Figure 27. Global Steam Traps Market: General Industry (2019-2024) & (K Units)
 Figure 28. Steam Traps Consumed in Others
 Figure 29. Global Steam Traps Market: Others (2019-2024) & (K Units)
 Figure 30. Global Steam Traps Sale Market Share by Application (2023)
 Figure 31. Global Steam Traps Revenue Market Share by Application in 2023
 Figure 32. Steam Traps Sales by Company in 2023 (K Units)
 Figure 33. Global Steam Traps Sales Market Share by Company in 2023
 Figure 34. Steam Traps Revenue by Company in 2023 ($ millions)
 Figure 35. Global Steam Traps Revenue Market Share by Company in 2023
 Figure 36. Global Steam Traps Sales Market Share by Geographic Region (2019-2024)
 Figure 37. Global Steam Traps Revenue Market Share by Geographic Region in 2023
 Figure 38. Americas Steam Traps Sales 2019-2024 (K Units)
 Figure 39. Americas Steam Traps Revenue 2019-2024 ($ millions)
 Figure 40. APAC Steam Traps Sales 2019-2024 (K Units)
 Figure 41. APAC Steam Traps Revenue 2019-2024 ($ millions)
 Figure 42. Europe Steam Traps Sales 2019-2024 (K Units)
 Figure 43. Europe Steam Traps Revenue 2019-2024 ($ millions)
 Figure 44. Middle East & Africa Steam Traps Sales 2019-2024 (K Units)
 Figure 45. Middle East & Africa Steam Traps Revenue 2019-2024 ($ millions)
 Figure 46. Americas Steam Traps Sales Market Share by Country in 2023
 Figure 47. Americas Steam Traps Revenue Market Share by Country (2019-2024)
 Figure 48. Americas Steam Traps Sales Market Share by Type (2019-2024)
 Figure 49. Americas Steam Traps Sales Market Share by Application (2019-2024)
 Figure 50. United States Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 51. Canada Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 52. Mexico Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 53. Brazil Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 54. APAC Steam Traps Sales Market Share by Region in 2023
 Figure 55. APAC Steam Traps Revenue Market Share by Region (2019-2024)
 Figure 56. APAC Steam Traps Sales Market Share by Type (2019-2024)
 Figure 57. APAC Steam Traps Sales Market Share by Application (2019-2024)
 Figure 58. China Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 59. Japan Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 60. South Korea Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 61. Southeast Asia Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 62. India Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 63. Australia Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 64. China Taiwan Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 65. Europe Steam Traps Sales Market Share by Country in 2023
 Figure 66. Europe Steam Traps Revenue Market Share by Country (2019-2024)
 Figure 67. Europe Steam Traps Sales Market Share by Type (2019-2024)
 Figure 68. Europe Steam Traps Sales Market Share by Application (2019-2024)
 Figure 69. Germany Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 70. France Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 71. UK Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 72. Italy Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 73. Russia Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 74. Middle East & Africa Steam Traps Sales Market Share by Country (2019-2024)
 Figure 75. Middle East & Africa Steam Traps Sales Market Share by Type (2019-2024)
 Figure 76. Middle East & Africa Steam Traps Sales Market Share by Application (2019-2024)
 Figure 77. Egypt Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 78. South Africa Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 79. Israel Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 80. Turkey Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 81. GCC Countries Steam Traps Revenue Growth 2019-2024 ($ millions)
 Figure 82. Manufacturing Cost Structure Analysis of Steam Traps in 2023
 Figure 83. Manufacturing Process Analysis of Steam Traps
 Figure 84. Industry Chain Structure of Steam Traps
 Figure 85. Channels of Distribution
 Figure 86. Global Steam Traps Sales Market Forecast by Region (2025-2030)
 Figure 87. Global Steam Traps Revenue Market Share Forecast by Region (2025-2030)
 Figure 88. Global Steam Traps Sales Market Share Forecast by Type (2025-2030)
 Figure 89. Global Steam Traps Revenue Market Share Forecast by Type (2025-2030)
 Figure 90. Global Steam Traps Sales Market Share Forecast by Application (2025-2030)
 Figure 91. Global Steam Traps Revenue Market Share Forecast by Application (2025-2030)

Spirax Sarco
Armstrong
TLV
Velan
Emerson
ARI
MIYAWAKI
Hongfeng Mechanical
Yingqiao Machinery
Forbes Marshall
Cameron
DSC
Watson McDaniel
Yoshitake
Water-Dispersing Valve
Lonze Valve

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape