Steam Trap Market Growth, Size, Trends ,Analysis and Segment Forecast to 2034

Global Steam Trap Market Growth, Size, Trends Analysis- By Product, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

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Published: Sep-2025	Report ID: CHEM25160	Pages: 1 - 244	Formats^*:
Category : Chemical & Materials

Steam Trap Market Introduction and Overview

According to SPER Market Research, the Global Steam Trap Market is estimated to reach USD 5.84 billion by 2034 with a CAGR 4.34%.

The report includes an in-depth analysis of the Global Steam Trap Market, including market size and trends, product mix, Applications, and supplier analysis. The global Steam Trap Market was valued at USD 3.82 billion in 2024 and is expected to grow at a CAGR of over 4.34% from 2025 to 2034. Market growth is driven by the global push for energy efficiency and sustainability, increasing demand for steam traps that prevent steam loss and optimize energy use. Key industries such as oil & gas, chemicals, food & beverages, and pharmaceuticals rely on steam traps for process efficiency, further fueling demand. Technological advancements, including smart steam traps with predictive maintenance sensors, are enhancing adoption. These solutions help reduce energy consumption and maintenance downtime, lowering operational costs. Additionally, supportive government policies promoting energy-efficient technologies and carbon reduction are creating favorable market conditions.

By Product:

The mechanical segment leads the market due to its durable design and capability to manage fluctuating steam loads and pressures. Widely used in industrial settings like process heating, HVAC systems, and steam distribution, these traps require minimal maintenance due to fewer moving parts. Thermodynamic traps are ideal for high-pressure steam in compact spaces, while thermostatic types offer precise condensate control. They perform well across varied pressures and temperatures, making them suitable for equipment needing rapid condensate removal, such as sterilizers and CIP systems.

By End User:

The steam trap market is segmented by end use into chemical, oil & gas, food & beverage, energy & power, and pharmaceutical industries. Among these, the oil & gas sector held the largest share in 2024 and is projected to grow at the fastest rate during the forecast period. This growth is driven by the industry's need for reliable, low-maintenance steam traps to support continuous operations. Steam traps in this sector must also meet strict safety standards due to hazardous environments and are essential in refining and enhanced oil recovery processes.

Regional Insights:

The steam trap market is expected to grow significantly over the forecast period, driven by strong demand from well-established industries in North America such as manufacturing, oil & gas, pharmaceuticals, and food processing. Aging infrastructure and the need for system upgrades also contribute to sustained demand. In the U.S., the shale gas boom has increased steam usage in oil & gas operations like SAGD and hydraulic fracturing, boosting the need for high-performance steam traps. Meanwhile, Asia Pacific, with over a quarter of the market share, is projected to grow rapidly due to government regulations promoting energy efficiency and reduced carbon emissions.

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Market Competitive Landscape:

The Steam Trap Market is highly consolidated. Some of the market key players are Circor International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Inc., Schlumberger Limited, Spirax-Sarco Engineering, Thermax Ltd., Velan Inc., Watts Water Technologies Inc., Armstrong International.

Recent Developments:

In October 2023, IMI Critical Engineering introduced a new steam trap monitoring solution aimed at minimizing energy losses and operational downtime across various industrial applications. The solution features a compact design, making it easy to install on any side of existing equipment.

Scope of the report:

Report Metric	Details
Market size available for years	2021-2034
Base year considered	2024
Forecast period	2025-2034
Segments covered	By Product, By End Use
Regions covered	North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered	Circor International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Inc., Schlumberger Limited, Spirax-Sarco Engineering, Thermax Ltd., Velan Inc., Watts Water Technologies Inc., Armstrong International.

Key Topics Covered in the Report

Global Steam Trap Market Size (FYâ€™2021-FYâ€™2034)
Overview of Global Steam Trap Market
Segmentation of Global Steam Trap Market By Product (Mechanical, Thermodynamics, Thermostatic)
Segmentation of Global Steam Trap Market By End Use Industry (Chemical, Oil & Gas, Food & Beverage, Energy & Power, Pharmaceutical, Other End Uses)
Statistical Snap of Global Steam Trap Market
Expansion Analysis of Global Steam Trap Market
Problems and Obstacles in Global Steam Trap Market
Competitive Landscape in the Global Steam Trap Market
Details on Current Investment in Global Steam Trap Market
Competitive Analysis of Global Steam Trap Market
Prominent Players in the Global Steam Trap Market
SWOT Analysis of Global Steam Trap Market
Global Steam Trap Market Future Outlook and Projections (FYâ€™2025-FYâ€™2034)
Recommendations from Analyst

1.Introduction

1.1.Scope of the report
1.2.Market segment analysis

2.Research Methodology

2.1.Research data source
2.1.1.Secondary Data
2.1.2.Primary Data
2.1.3.SPERs internal database
2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation

3.Executive Summary

4.Market Dynamics

4.1.Driver, Restraint, Opportunity and Challenges analysis

4.1.1.Drivers
4.1.2.Restraints
4.1.3.Opportunities
4.1.4.Challenges

5.Market variable and outlook

5.1.SWOT Analysis
5.1.1.Strengths
5.1.2.Weaknesses
5.1.3.Opportunities
5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape
5.2.2.Economic Landscape
5.2.3.Social Landscape
5.2.4.Technological Landscape
5.2.5.Environmental Landscape
5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers
5.3.2.Bargaining power of buyers
5.3.3.Threat of Substitute
5.3.4.Threat of new entrant
5.3.5.Competitive rivalry
5.4.Heat Map Analysis

6.Competitive Landscape

6.1.Global Steam Trap Market Manufacturing Base Distribution, Sales Area, Product Type
6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Steam Trap Market

7.Global Steam Trap Market, By Product, (USD Million) 2021-2034

7.1.Mechanical
7.2.Thermodynamics
7.3.Thermostatic

8.Global Steam Trap Market, By End Use Industry, (USD Million) 2021-2034

8.1.Chemical
8.2.Oil & Gas
8.3.Food & Beverage
8.4.Energy & Power
8.5.Pharmaceutical
8.6.Other End Uses

9.Global Steam Trap Market, (USD Million) 2021-2034

9.1.Global Steam Trap Market Size and Market Share

10.Global Steam Trap Market, By Region, 2021-2034 (USD Million)

10.1.Asia-Pacific
10.1.1.Australia
10.1.2.China
10.1.3.India
10.1.4.Japan
10.1.5.South Korea
10.1.6.Rest of Asia-Pacific
10.2.Europe
10.2.1.France
10.2.2.Germany
10.2.3.Italy
10.2.4.Spain
10.2.5.United Kingdom
10.2.6.Rest of Europe
10.3.Middle East and Africa
10.3.1.Kingdom of Saudi Arabia
10.3.2.United Arab Emirates
10.3.3.Qatar
10.3.4.South Africa
10.3.5.Egypt
10.3.6.Morocco
10.3.7.Nigeria
10.3.8.Rest of Middle-East and Africa
10.4.North America
10.4.1.Canada
10.4.2.Mexico
10.4.3.United States
10.5.Latin America
10.5.1.Argentina
10.5.2.Brazil
10.5.3.Rest of Latin America

11.Company Profile

11.1.Circor International Inc.
11.1.1.Company details
11.1.2.Financial outlook
11.1.3.Product summary
11.1.4.Recent developments
11.2.Emerson Electric Co
11.2.1.Company details
11.2.2.Financial outlook
11.2.3.Product summary
11.2.4.Recent developments
11.3.Flowserve Corporation
11.3.1.Company details
11.3.2.Financial outlook
11.3.3.Product summary
11.3.4.Recent developments
11.4.Pentair Inc.
11.4.1.Company details
11.4.2.Financial outlook
11.4.3.Product summary
11.4.4.Recent developments
11.5.Schlumberger Limited
11.5.1.Company details
11.5.2.Financial outlook
11.5.3.Product summary
11.5.4.Recent developments
11.6.Spirax-Sarco Engineering
11.6.1.Company details
11.6.2.Financial outlook
11.6.3.Product summary
11.6.4.Recent developments
11.7.Thermax Ltd.
11.7.1.Company details
11.7.2.Financial outlook
11.7.3.Product summary
11.7.4.Recent developments
11.8.Velan Inc.
11.8.1.Company details
11.8.2.Financial outlook
11.8.3.Product summary
11.8.4.Recent developments
11.9.Watts Water Technologies Inc.
11.9.1.Company details
11.9.2.Financial outlook
11.9.3.Product summary
11.9.4.Recent developments
11.10.Armstrong International
11.10.1.Company details
11.10.2.Financial outlook
11.10.3.Product summary
11.10.4.Recent developments
11.11.Others

12.Conclusion

13.List of Abbreviations

14.Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

What is the Market size of the Steam Trap Market ?

Steam Trap Market size is USD 5.84 from 2025 to 2034.

Which segment is expected to the Steam Trap Market ?

Steam Trap Market covered By Product, By End Use

How can I get a sample report on the Steam Trap Market ?

Steam Trap Market is projected to reach USD 5.84 by 2034, growing at a CAGR of 4.34% during the forecast period.

What is the growth rate of the Steam Trap Market ?

Steam Trap Market size from 2025. The Market is expected to reach USD 5.84 by 2034, at a CAGR of 4.34% during the forecast period.

What is the anticipated CAGR of the Steam Trap Market

Steam Trap Market CAGR of 4.34% during the forecast period.

How can I get a sample report on the Steam Trap Market ?

You can get the sample pages by clicking the link - Click Here

Which region is expected to have the highest Market share in the Steam Trap Market ?

The North America is anticipated to have the highest Market share in the Steam Trap Market .

Who are the key players in the Steam Trap Market ?

" Circor International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Inc., Schlumberger Limited, Spirax-Sarco Engineering, Thermax Ltd., Velan Inc., Watts Water Technologies Inc., Armstrong International."

What is the conclusion of the Steam Trap Market ?

The report includes an in-depth analysis of the Global Steam Trap Market, including market size and trends, product mix, Applications, and supplier analysis.