PUBLISHER: The Business Research Company | PRODUCT CODE: 1823133
PUBLISHER: The Business Research Company | PRODUCT CODE: 1823133
Steam trap refers to a device that automatically removes condensate and air from steam systems while preventing steam loss. It helps maintain heating efficiency and protects equipment by avoiding water buildup in the system.
The primary types of steam traps are mechanical steam traps, thermodynamic steam traps, and thermostatic steam traps. Mechanical steam traps refer to steam traps that operate using mechanical components, such as floats or buckets, to automatically discharge condensate while retaining steam within the system. The material types involved include steel, iron, and other materials, which are distributed through various channels, including online and offline. The applications include instrument steam tracing, line steam tracing, drip application, process application, and others, serving several end users such as chemical, oil and gas, food and beverage, energy and power, pharmaceutical, and more.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.
The steam trap market research report is one of a series of new reports from The Business Research Company that provides steam trap market statistics, including steam trap industry global market size, regional shares, competitors with a steam trap market share, steam trap market segments, market trends and opportunities, and any further data you may need to thrive in the steam trap industry. This steam trap market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The steam trap market size has grown strongly in recent years. It will grow from $4.10 billion in 2024 to $4.36 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be attributed to the expansion of manufacturing industries, widespread adoption of steam systems, growth in the oil and gas and petrochemical sectors, emphasis on energy efficiency, and the need for enhanced process efficiency and cost savings.
The steam trap market size is expected to see strong growth in the next few years. It will grow to $5.49 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the increasing demand for sustainable energy solutions, rising investments in smart manufacturing and Industry 4.0, expansion of district heating networks in urban areas, and growing maintenance budgets aimed at preventing steam loss. Key trends during the forecast period include the integration of Internet of Things (IoT)-enabled steam traps, wireless connectivity for remote steam trap management, advancements in ultrasonic and infrared diagnostics for trap monitoring, self-diagnostic steam trap solutions, and cloud-based analytics to enhance steam system efficiency.
Rising industrialization is expected to drive the growth of the steam trap market in the coming years. Industrialization refers to the transformation of a country or region's economy from primarily agricultural to manufacturing and industrial-based. This growth is fueled by mass production, as growing populations demand more affordable goods, prompting countries to adopt machinery and factories for efficient large-scale manufacturing. Steam traps facilitate industrialization by efficiently managing steam systems to ensure optimal heat transfer and consistent production, enabling factories to achieve mass production at reduced costs. For example, in July 2023, the UK's Office for National Statistics reported that UK manufacturers' total product sales reached approximately $527.6 billion in 2022, representing a $34.8 billion (7%) increase from $492.8 billion in 2021. Thus, increasing industrialization is fueling the steam trap market's expansion.
Leading companies in the steam trap market are focusing on technological advancements such as smart maintenance solutions to boost energy efficiency, reduce maintenance expenses, and prevent steam system failures. Smart maintenance solutions involve advanced technology-driven methods to monitor, predict, and optimize equipment upkeep, minimizing downtime and costs. For instance, in April 2023, Henkel AG & Co. KGaA, a Germany-based chemicals company, introduced Loctite Pulse Smart Steam Trap-an IoT-enabled digital monitoring system for industrial steam systems. It features real-time condition monitoring, predictive maintenance alerts, and precise steam loss detection to improve energy efficiency. Using IoT sensors, it continuously tracks performance and sends instant alerts on blockages, leaks, and operational irregularities, helping avoid unplanned downtime. The device integrates seamlessly with existing systems, allowing maintenance teams to access actionable insights via a centralized dashboard, optimize steam trap performance, extend equipment lifespan, and reduce energy costs.
In May 2025, AbbVie Inc., a US-based biopharmaceutical company, partnered with Emerson Electric Co. to deploy wireless steam trap monitoring solutions at its manufacturing and R&D facilities. This collaboration aims to boost energy efficiency, enhance product quality, and improve reliability in AbbVie's steam systems by utilizing Emerson's Plantweb digital ecosystem and wireless acoustic transmitters to detect steam leaks and optimize maintenance. Emerson Electric Co. is a US-based manufacturer of steam traps.
Major players in the steam trap market are Emerson Electric Co, Flowserve Corporation, Spirax-Sarco Engineering plc, Armstrong International Inc., Forbes Marshall Private Limited, Thermax Limited, Velan Inc., Yoshitake Inc., Uni Klinger Limited, Shanghai Hugong Valve Co Ltd., Bestobell Steam Traps, Watson McDaniel Company, Thermodyne Engineering Systems, Hawa Engineers Limited, Volfram Systems India Private Limited, TLV Co Ltd., MIYAWAKI Inc., Valsteam ADCA Engineering S.A., Marck & Care Engineers Limited, and Greaves Cotton Limited.
North America was the largest region in the steam trap market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in steam trap report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the steam trap market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The steam trap market consists of sales of inverted bucket steam traps, bimetallic steam traps, disc steam traps, bellows-type steam traps, and float steam traps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Steam Trap Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on steam trap market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for steam trap ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The steam trap market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.