City of Industry, CA -- (SBWire) -- 06/28/2018 --This report studies the global Steam Traps industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
A Steam Trap is an automatic valve that allows condensate, air and other non-condensable gases to be discharged from the steam system while holding or trapping the steam in the system. In industry, steam is used regularly for heating or as a driving force for mechanical power. Steam Traps are used in such applications to ensure that steam is not wasted.
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In the coming years there is an increasing demand for Steam Traps in the regions of United States and Europe that is expected to drive the market for more advanced Steam Traps. Growth in government budgets in the principal countries, increasing of oil & petrochemical fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Steam Traps will drive growth in United States and Europe markets.
The consumption volume of Steam Traps is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Steam Traps industry may not keep that fast. But it is surely forecasted that the market of Steam Traps is still promising.
The global Steam Traps market is valued at 1460 million USD in 2017 and is expected to reach 1820 million USD by the end of 2025, growing at a CAGR of 2.8% between 2018 and 2025.
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This research report categorizes the China and global Steam Traps market by type, end-use industry, and region.
International Manufacturers Covered
Spirax Sarco
Armstrong
Pentair
Velan
TLV
Flowserve
Circor
Cameron
Yoshitake
Steriflow
MIYAWAKI
Tunstall Corporation
Watson McDaniel
ARI
China Local Manufacturers Covered
Yingqiao Machinery
Hongfeng Mechanical
DSC
Chenghang Industrial Safety
Lonze Valve
Water-Dispersing Valve
Shanghai Hugong
...
By Type
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
By Application
Oil & Petrochemical
Power Industry
Pharmaceutical
Food & Beverage
Pulp & Paper
General Industry
Others
By Region
United States
Europe
Japan
About QY Research
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.
Global Steam Traps Market Growth Opportunity 2018-2025
The global Steam Traps market is valued at 1460 million USD in 2017 and is expected to reach 1820 million USD by the end of 2025, growing at a CAGR of 2.8% between 2018 and 2025.