Steam Trap Market - Forecasts From 2019 To 2024

The steam trap market is projected to grow at a CAGR of 4.86% to reach US$2.593 billion by 2024, from US$1.951 billion in 2018. A steam trap is an automatic valve framework that permits air and non-condensable gases to be released from the steam system. The ideal working of the steam system will, in general, improve the general steam plant effectiveness, in this manner, bringing about the conveyance of excellent steams required in the creation procedure. Thusly, the developing utilization of steam for various applications is essentially driving the stream trap market throughout the years. 

Segmentation

The steam trap market has been analyzed through following segments:

By Type

Mechanical

Thermodynamic

Thermostatic

 

By Application

Drip Application

Process Application

Tracing Application

 

By Industry Vertical

Chemical

Energy & Power

Oil & Gas

Healthcare

Food & Beverage

Others

 

By Geography

North America

USA

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

India

Others