Steam Trap Global Market Report 2026

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.

Tariffs have influenced the steam trap market by increasing costs of imported steel and precision machined components. The impact is evident in Asia Pacific and Europe where industrial equipment supply chains are global. These pressures affect procurement budgets. However, tariffs support domestic manufacturing and refurbishment services.

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 $4.36 billion in 2025 to $4.63 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to industrial steam usage growth, expansion of chemical processing, power generation development, refinery capacity growth, manufacturing process optimization.

The steam trap market size is expected to see strong growth in the next few years. It will grow to $5.81 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to energy efficiency regulations, demand for reduced steam losses, modernization of industrial plants, growth in pharmaceutical production, sustainability initiatives. Major trends in the forecast period include focus on energy efficient steam systems, replacement of aging industrial steam infrastructure, demand for reliable condensate management, expansion of process industry applications, preference for durable industrial components.

Increasing industrialization is expected to drive the growth of the steam trap market going forward. Industrialization refers to the transformation of a country or region from an agriculture-based economy to one centered on manufacturing and industry. This trend is driven by mass production, as populations demand more affordable goods, prompting countries to adopt machines and factories for efficient large-scale manufacturing. Steam traps support industrialization by managing steam systems efficiently, ensuring optimal heat transfer and consistent production, which enables factories to achieve mass production at lower costs. For example, in January 2024, the Ministry of Industry and Information Technology, a China-based government organization, reported that by the end of November 2023, the number of large industrial enterprises had reached 483,000, an increase of 32,000 compared with the end of 2022. In 2023, the total value-added industrial output grew by 4.6% year-on-year, marking a one-percentage-point improvement over 2022. Therefore, increasing industrialization is fueling the growth of the steam trap market.

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 companies operating in the steam trap market are Spirax-Sarco Engineering plc, Emerson Electric Co., Flowserve Corporation, Armstrong International, Inc., Forbes Marshall Private Limited, Thermax Limited, TLV Co., Ltd., Velan Inc., Watts Water Technologies, Inc., Circor International, Inc., Pentair plc, Schlumberger Limited, Xylem Inc., Watson-McDaniel Company, Bestobell Steam Traps Ltd., Uni Klinger Limited, Hawa Engineers Limited, Marck & Care Engineers Limited, Delta Steam Systems, Thermal Energy International Inc.

North America was the largest region in the steam trap market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steam trap market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the steam trap market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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 Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses 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.

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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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• 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.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Mechanical Steam Trap; Thermodynamic Steam Trap; Thermostatic Steam Trap
• 2) By Material Type: Steel; Iron; Other Material Types
• 3) By Distribution Channel: Online; Offline
• 4) By Application: Instrument Steam Tracing; Line Steam Tracing; Drip Application; Process Application; Other Applications
• 5) By End Use: Chemical; Oil And Gas; Food And Beverage; Energy And Power; Pharmaceutical; Other End Uses
• Subsegments:
• 1) By Mechanical Steam Trap: Float Type Steam Trap; Inverted Bucket Steam Trap
• 2) By Thermodynamic Steam Trap: Disc Type Steam Trap; Impulse Type Steam Trap
• 3) By Thermostatic Steam Trap: Bellows Type Steam Trap; Bi-metallic Type Steam Trap
• Companies Mentioned: Spirax-Sarco Engineering plc; Emerson Electric Co.; Flowserve Corporation; Armstrong International, Inc.; Forbes Marshall Private Limited; Thermax Limited; TLV Co., Ltd.; Velan Inc.; Watts Water Technologies, Inc.; Circor International, Inc.; Pentair plc; Schlumberger Limited; Xylem Inc.; Watson-McDaniel Company; Bestobell Steam Traps Ltd.; Uni Klinger Limited; Hawa Engineers Limited; Marck & Care Engineers Limited; Delta Steam Systems; Thermal Energy International Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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