Steam Trap Market Growth to be Stimulated by Brisk Technological Expansions

Steam Trap Market Growth to be Stimulated by Brisk Technological Expansions

A steam trap is an automatic valve that filters out condensate and non-condensable gases such as air without letting steam escape. The main function of a steam trap includes discharging condensate. It has negligible steam consumption, and has the capability of discharging air and non-condensable gases. In order to allow steam systems to perform well it is necessary to remove the condensate, air, and other non-condensable gases. The four main types of steam traps include mechanical traps, temperature traps, thermodynamic traps, and venture nozzle traps. Drip applications, process applications, and tracing applications are some of the major application areas of steam traps.

Demand for steam traps grew on account of the increase in the use of steam in various industrial applications. Using steam in industrial applications drove the need to remove condensate with the help of a valve. This process led to the leakage of steam which in turn led to the introduction of steam traps during the industrial revolution in the 18thcentury. Maintenance of steam traps is crucial for its safe and efficient operation. Lack of maintenance of steam traps often leads to steam leakage. Leakage of steam results in increased operational costs of the plant which uses steam since extra money is spent in generating additional steam in order to compensate for the steam lost due to leakage.

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Poor maintenance leads to increase in operational costs of plants using steam for its operation. Thus, effective and efficient maintenance of a steam trap is a vital factor promoting the safe and cost-effective operation of a steam trap. Therefore, for plants using steam for industrial applications, it is critical to allocate a specific budget for preventive maintenance of steam traps. Paying mechanics which can effectively perform preventive maintenance of steam trap can help enhance the operation of steam trap which in return can benefit the operation of the plant using steam for its operation. Oil & gas and energy and power sectors are two major end-users of steam traps.

The steam trap market is segmented on the basis of product, material, application, end-user, and region. The product segment is further segmented as mechanical, thermodynamic, and thermostatic. On the basis of material, the steam trap market is segmented into steel, iron, and others. The steam trap market on the basis of application is segmented into tracing application, drip application, and process application. On the basis of end-user, the market is segmented into chemical, energy and power, food and beverages, oil & gas, pharmaceuticals, and others. On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report also provides country level analysis for each of the segments. The U.S., Canada, Germany, Italy, France, U.K., China, Japan, India, Saudi Arabia, Africa, Brazil, and Argentina are the countries included in the market study of steam traps.

The steam trap market is highly fragmented and consists of a large number of regional and international players. Small players in the steam trap market offer steam traps at lesser price, thus offering tough competition to international players. Availability of a wide range of steam traps and a large pool of manufacturers intensifies the market completion of steam traps globally. Some of the key players in the steam trap market include Spirax-Sarco Engineering PLC, Pentiar PLC, The Weir Group PLC, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Schlumberger N.V., Thermax Limited, Velan Inc., Bestobell Steam Traps, Watson McDaniel Company, and Watts Water Technologies, Inc.