Brooklyn, NY -- (SBWire) -- 07/16/2018 --Qyresearchreports include new market research report "Global Steam Traps Market Research Report 2018" to its huge collection of research reports.
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.
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.
Globally, the Steam Traps industry market is concentrated as the manufacturing technology of Steam Traps is relatively matures than some high-tech equipment. And some enterprises, like Spirax Sarco, Armstrong, Pentair, etc. are well-known for the wonderful performance of their Steam Traps and related services. At the same time, North America, occupied 29.23% production market share in 2016, is remarkable in the global Steam Traps industry because of their market share and technology status of Steam Traps.
The global Steam Traps market is valued at 1460 million US$ in 2017 and will reach 1880 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2018-2025.
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The major manufacturers covered in this report
Spirax Sarco
Armstrong
Pentair
Velan
TLV
Flowserve
Circor
Cameron
Yoshitake
Steriflow
Yingqiao Machinery
Hongfeng Mechanical
MIYAWAKI
Tunstall Corporation
DSC
Chenghang Industrial Safety
Watson McDaniel
Lonze Valve
ARI
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Access the Report and full TOC @ https://www.qyresearchreports.com/report/global-steam-traps-market-research-report-2018.htm
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Oil & Petrochemical
Power Industry
Pharmaceutical
Food & Beverage
Pulp & Paper
General Industry
The study objectives of this report are:
To analyze and study the global Steam Traps capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Steam Traps manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
Key Stakeholders
Steam Traps Manufacturers
Steam Traps Distributors/Traders/Wholesalers
Steam Traps Subcomponent Manufacturers
Industry Association
Downstream Vendors
Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Steam Traps market, by end-use.
Detailed analysis and profiles of additional market players.
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Global Steam Traps Market Is Growing at a CAGR of 3.2% During 2018-2025