The global steam trap market is recording a significant CAGR of 5% over the forecast period 2021-2027. This report contains data for the year 2018 and the historical year 2017. This increase in market value may be due to continued use to reduce fuel consumption. Strict rules enforced by regulatory authorities to increase manufacturing efficiency and reduce costs.
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Company Profile
- CIRCOR International, Inc.
- Emerson Electric Co.
- Flowserve Corporation
- Pentair PLC
- Schlumberger N.V.
- Spirax-Sarco Engineering plc
- Thermax Limited
- The Weir Group PLC
- Velan Inc.
- Watts Water Technologies, Inc.
Market Segmentation
Steam Trap Market – Segmentation
By Product:
- Thermodynamic
- Mechanical
- Thermostatic
By Application:
- Drip Application
- Process Application
- Tracing Application
By Body Material:
- Steel
- Iron
- Others
By End-User Industry:
- Chemicals
- Energy and Power
- Food & Beverages
- Oil & Gas
- Pharmaceuticals
- Others
Scope of the Report
The research study analyzes the global Steam Trap industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Steam Trap Market Report
1. What was the Steam Trap Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Steam Trap Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Steam Trap Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Steam Trap market.
- The market share of the global Steam Trap market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Steam Trap market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Steam Trap market.
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(This release has been published on Global Market Post.
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