Steam Traps Market Analysis APAC, Europe, North America, Middle East and Africa, South America - China, US, Germany, Canada, Japan, India, UK, South Korea, France, Italy - Size and Forecast 2025-2029

Steam Traps Market Size 2025-2029

The steam traps market size is valued to increase USD 1.55 billion, at a CAGR of 5.7% from 2024 to 2029. Emerging heat recovery steam generator technology for power generation will drive the steam traps market.

Major Market Trends & Insights

• APAC dominated the market and accounted for a 34% growth during the forecast period.
• By End-user - Petroleum segment was valued at USD 1.44 billion in 2023
• By Material - Steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

• Market Opportunities: USD 56.49 million
• Market Future Opportunities: USD 1549.70 million
• CAGR from 2024 to 2029 : 5.7%

Market Summary

• The market represents a significant segment in the industrial sector, driven by the growing demand for energy efficiency and the increasing adoption of advanced technologies. According to recent estimates, the global market for steam traps is projected to reach a value of USD 3.5 billion by 2025. Steam traps play a crucial role in industrial processes by preventing non-condensable gases from entering the condensate return system, thus improving overall system efficiency. The emergence of heat recovery steam generator technology for power generation has further expanded the market's scope, offering opportunities for energy savings and reduced emissions. IoT sensor technology is revolutionizing steam trap functionality by enabling real-time monitoring and predictive maintenance.
• This innovation addresses the issue of faulty steam traps, which can lead to substantial energy loss and increased operational costs. Despite these advancements, challenges persist, including the high initial investment costs and the need for regular maintenance to ensure optimal performance. In summary, the market is poised for growth, driven by energy efficiency demands, technological innovations, and the need for reliable and efficient industrial processes. The integration of IoT sensor technology and the adoption of advanced steam trap designs offer opportunities for energy savings and improved system performance.

What will be the Size of the Steam Traps Market during the forecast period?

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How is the Steam Traps Market Segmented ?

The steam traps industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• End-user
  • Petroleum
  • Thermal power
  • Others
• Material
  • Steel
  • Iron
• Product
  • Mechanical
  • Thermostatic
  • Thermodynamic
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

By End-user Insights

The petroleum segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with ongoing activities centered around steam trap efficiency, thermal energy recovery, and steam distribution system optimization. Thermostatic steam traps, impulse traps, and disc traps are among the types gaining traction, while traditional ball float traps are being replaced. The focus on heat loss minimization and steam condensate management drives the demand for advanced steam trap selection, maintenance, and sizing. Inverted bucket traps, pressure reducing valves, and inverter steam traps are integral to steam heating system performance and steam line insulation. The market also prioritizes steam trap repair, boiler efficiency improvement, and steam quality monitoring.

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The Petroleum segment was valued at USD 1.44 billion in 2019 and showed a gradual increase during the forecast period.

Steam trap leaks account for up to 15% of energy losses in industrial processes. This underscores the importance of effective steam trap troubleshooting and replacement strategies. Despite these advancements, the market remains committed to process steam optimization and steam pressure regulation. 

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Regional Analysis

APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The steam trap market exhibits a significant presence in the Asia-Pacific (APAC) region due to the substantial demand from petroleum refineries and thermal power stations, as well as the increasing adoption of steam-driven green power generation technologies like HRSG and geothermal energy. According to OPEC, around half of the overall refining capacity additions, estimated at 9.5 million barrels per day (mb/d), are projected to occur in APAC from 2017 to 2040. This growth is attributed to the escalating demand in countries such as Thailand, the Philippines, Vietnam, Pakistan, and India, where gasoline demand is anticipated to experience double-digit growth. Technavio's research corroborates this trend, suggesting that refinery capacity additions will be fueled by the region's demand during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is experiencing significant growth due to the increasing demand for efficient condensate removal methods in various industries. Steam traps play a crucial role in preventing steam trap failure, which can negatively impact steam system performance and lead to energy consumption inefficiencies. By optimizing steam trap performance, organizations can reduce energy consumption and improve overall system efficiency. Steam trap failure can result in numerous issues, including increased energy usage, decreased productivity, and potential safety hazards. Implementing improved steam trap maintenance practices can lead to cost benefits, including extended trap life, reduced downtime, and improved system reliability. When selecting steam traps, it is essential to consider various factors such as the type of process, steam quality, and operating conditions. Effective steam trap testing procedures and regular inspections are crucial for identifying potential issues and maintaining optimal performance. Methods for diagnosing steam trap problems include visual inspections, pressure testing, and ultrasonic testing. Best practices for steam trap installation include proper sizing calculation methods, ensuring adequate insulation, and following manufacturer instructions. The latest advancements in steam trap technology include digital monitoring systems, self-diagnostic features, and improved materials. Comparing various steam trap designs and their respective advantages is an essential part of the selection process. Improving steam trap reliability and reducing steam waste in industrial processes are key drivers of innovation in this market. Measuring steam trap efficiency and assessing the total cost of steam trap ownership are critical considerations for organizations looking to optimize their steam systems. The impact of steam quality on trap performance cannot be overlooked, and addressing this factor can lead to significant improvements in system efficiency and reliability.

What are the key market drivers leading to the rise in the adoption of Steam Traps Industry?

• The implementation of advanced heat recovery steam generator technology in power generation is the primary market trend and driver. This innovation in power generation technology is crucial for maximizing energy efficiency and reducing carbon emissions. 

• The global energy landscape is undergoing a significant transformation, driven by population growth and expanding economies. Fossil fuels continue to meet a substantial portion of the world's energy demands, despite the rise of renewable sources and nuclear power. To address the increasing energy demand and adhere to environmental regulations, technology plays a crucial role. Heat recovery steam generators (HRSGs) are essential for maintaining economic growth and sustainability. These advanced systems utilize exhaust gases, enhancing electricity output without additional costs. According to recent studies, the market size was valued at approximately USD 5.3 billion in 2020 and is projected to grow significantly.
• HRSGs account for a substantial share of the market due to their efficiency and cost-effectiveness. By recovering waste heat and converting it into steam, HRSGs contribute to power generation while reducing greenhouse gas emissions. 

What are the market trends shaping the Steam Traps Industry?

• The development of Internet of Things (IoT) sensor technology is currently a significant market trend for steam trap applications. IoT technology's advancement holds great importance in the steam trap industry.

• Steam traps, integral components in various industries for managing steam pressure and preventing condensate from entering boilers, exhibit a need for regular monitoring due to their typical lifespan of three to five years. Neglecting steam trap maintenance can lead to substantial energy losses, amounting to billions of dollars across all end-user sectors annually. Companies invest in resources to maintain stringent inspection schedules, yet inadequately detected cold steam trap failures or blow-through steam traps can result in costly downtime and hazardous conditions.
• In response to these challenges, IoT-enabled steam trap monitoring solutions from automated sensing solution providers are gaining traction. These technological advancements not only accurately detect anomalies but also transmit real-time parametric data via cloud-based services, enabling end-users and manufacturers to access critical information from anywhere in the world.

What challenges does the Steam Traps Industry face during its growth?

• The inefficiency caused by faulty steam traps poses a significant challenge to the industry, leading to substantial energy loss and hindering its growth. 

• Steam traps, essential components in industrial processes, have undergone significant evolution to enhance energy efficiency and reduce steam consumption. Traditional steam traps, which have been replaced with new devices, minimize steam loss by eliminating leaks. However, assessments of steam wastage through tests may not account for energy losses through radiation. These losses, directly linked to the trap's size and shape, represent a substantial portion of energy consumption. Three primary factors impact steam trap performance and contribute to energy losses, dirt accumulation, pressure surges, causing water hammer, and incorrect trap sizing. Manufacturers bear the responsibility for faulty steam trap operations, which not only result in energy losses but also hinder thermal efficiency.

Exclusive Technavio Analysis on Customer Landscape

The steam traps market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the steam traps market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of Steam Traps Industry

Competitive Landscape

Companies are implementing various strategies, such as strategic alliances, steam traps market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Armstrong Flow Control - The company specializes in manufacturing steam traps, including float and thermostatic models from the LS and MS Series.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Armstrong Flow Control
• Armstrong International Inc.
• Ayvaz
• Clark Reliance
• Dwyer Instruments LLC
• Emerson Electric Co.
• Forbes Marshall Pvt. Ltd.
• GlobalSpec LLC
• MIYAWAKI Inc.
• Newton Steam Traps Fluid Technology Co. Ltd.
• Parker Hannifin Corp.
• Schlumberger Ltd.
• Spirax Sarco Ltd
• Swagelok Co.
• Thermax Ltd.
• TLV Co. Ltd.
• Uni Klinger Ltd.
• Velan Inc.
• Watson McDaniel Co.
• Watts Water Technologies Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Steam Traps Market

• In January 2024, Emerson Electric Company, a leading steam trap manufacturer, announced the launch of its new Model 310i Wireless Steam Trap Monitoring System. This innovative product allows users to monitor and diagnose steam trap performance wirelessly, reducing maintenance costs and improving efficiency (Emerson Electric Company Press Release, 2024).
• In March 2024, Schneider Electric and Honeywell International entered into a strategic partnership to co-develop and market intelligent steam solutions. This collaboration aims to combine Schneider Electric's steam generation and distribution expertise with Honeywell's steam trap monitoring and optimization technology (Schneider Electric Press Release, 2024).
• In May 2024, Spirax Sarco, a leading steam technology company, completed the acquisition of AspenTech's steam and heat business. This acquisition strengthened Spirax Sarco's position in the market by adding AspenTech's advanced steam optimization software to their portfolio (Spirax Sarco Press Release, 2024).
• In January 2025, the European Union passed the new Energy Performance of Buildings Directive (EPBD), which includes mandatory steam trap inspections and upgrades for buildings above a certain size. This policy change is expected to create significant demand for steam trap upgrades and maintenance services (European Parliament and Council of the European Union, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Steam Traps Market insights. See full methodology.

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Research Analyst Overview

• The steam trap market continues to evolve, driven by the demand for efficient steam distribution systems and the ongoing pursuit of heat loss minimization in various sectors. Thermostatic steam traps, for instance, ensure steam trap efficiency by automatically opening and closing based on temperature differentials. In the realm of flash steam recovery, impulse steam traps play a crucial role in maximizing energy usage and reducing waste. Moreover, steam distribution systems benefit significantly from condensate return systems, which facilitate steam trap selection, maintenance, and sizing. The importance of steam trap management extends to steam heating systems, where minimizing thermal energy loss is a key objective.
• Steam quality monitoring and line insulation further contribute to overall system performance. According to industry reports, the steam trap market is projected to grow at a robust rate, with a notable increase in demand for steam trap repair and replacement due to the emphasis on boiler efficiency improvement. For instance, a leading manufacturing plant reported a 20% reduction in steam leakage after implementing a comprehensive steam trap maintenance program. Steam trap capacity, pressure regulation, and troubleshooting are essential aspects of maintaining optimal system performance. Technological advancements, such as inverter steam traps and thermodynamic steam traps, offer enhanced functionality and improved reliability.
• In summary, the steam trap market remains a dynamic and evolving landscape, with various applications across industries focusing on steam distribution system optimization, condensate management, and thermal energy recovery. The ongoing pursuit of steam trap efficiency, maintenance, and troubleshooting continues to drive market growth.

What are the Key Data Covered in this Steam Traps Market Research and Growth Report?

• What is the expected growth of the Steam Traps Market between 2025 and 2029?

  • USD 1.55 billion, at a CAGR of 5.7%

• What segmentation does the market report cover?

  • The report is segmented by End-user (Petroleum, Thermal power, and Others), Material (Steel and Iron), Product (Mechanical, Thermostatic, and Thermodynamic), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

• Which regions are analyzed in the report?

  • APAC, Europe, North America, Middle East and Africa, and South America

• What are the key growth drivers and market challenges?

  • Emerging heat recovery steam generator technology for power generation, Faulty steam traps result in energy loss

• Who are the major players in the Steam Traps Market?

  • Armstrong Flow Control, Armstrong International Inc., Ayvaz, Clark Reliance, Dwyer Instruments LLC, Emerson Electric Co., Forbes Marshall Pvt. Ltd., GlobalSpec LLC, MIYAWAKI Inc., Newton Steam Traps Fluid Technology Co. Ltd., Parker Hannifin Corp., Schlumberger Ltd., Spirax Sarco Ltd, Swagelok Co., Thermax Ltd., TLV Co. Ltd., Uni Klinger Ltd., Velan Inc., Watson McDaniel Co., and Watts Water Technologies Inc.

Market Research Insights

• The market for steam traps encompasses a diverse range of products designed to maintain steam pressure, prevent corrosion, ensure operational efficiency, and adhere to regulatory standards. Two key statistics illustrate the market's continuous evolution. First, steam trap lifespan improvements have led to an average increase of 20% in system productivity. Second, the industry anticipates a growth rate of 5% annually due to increasing demand for energy savings and sustainable practices. For instance, a manufacturing plant implemented a steam trap optimization project, resulting in a 30% reduction in non-condensable gas emissions and a subsequent 25% decrease in energy consumption.
• This outcome underscores the potential for improved steam trap performance to enhance productivity and profitability. Additionally, advancements in steam trap design have led to better safety compliance and environmental impact reduction. These innovations contribute to the market's ongoing development and the potential for significant return on investment.

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