Stream trap valve is used to release non-condensable and condensate gasses that is an integral part of the steam system. Stream trap valve plays a very important role in maintaining the efficiency and productivity of the steam system. It is an automatic drain valve and it holds back to steam and discharges condensate under varying loads or pressures. In addition, there are two types of steam trap valve including thermostatic trap and mechanical trap that are commonly utilized in many industries such as food & beverages, power generation, oil & gas, pulp & paper, pharmaceuticals, and others. Furthermore, steam trap valve is available in a different type of materials such as carbon steel, cast iron, stainless steel, alloy steel.
Expanding several industries across the globe including oil and gas, pulp and paper, food and beverages, pharmaceuticals, power generation, and others resulting in growing demand for stream trap valve across the globe. In addition, increasing availability of different types of steam trap valve such as mechanical trap and thermostatic trap across the globe. these are major factors supporting the high growth of the steam trap valve globally.
Increasing production and exploration activities among many industries in developed and developing countries resulting in rising demand for steam trap valve around the globe. In addition, the rising invention of new technologies related to the extraction process of subsea oil and shale gas across the globe resulting in increasing demand for steam trap valve in different regions of the globe. These are other reasons for high growth of the target product across the globe.
Furthermore, increasing production of low cost, energy-saving, and other benefits associated steam trap valve by major manufacturers and rising penetration of steam trap valve in many regions. These are some other factors boosting growth of the steam trap valve market in the upcoming years.
$ 1,491.7 Mn
- By Type
- By Region
- By Application
$ XXXX Mn
However, stringent governmental regulations for steam trap valve production is a challenging factor which may hinder the target product demand across the globe.
High adoption of steam trap valve in many end-user industries including power generation, oil and gas, food and beverages, and others in emerging economies such as India and China in the Asia Pacific region will register major growth of the target market. In addition, steam trap valve market in Europe will register significant growth due to expansion of pharmaceuticals, food & beverage, oil and gas, and other industries in countries such as Germany, UK, Italy, Russia, and France in the region. North America will register moderate growth in the global market due to adoption of steam trap valve in various industries in countries such as Canada and US in the region. Steam trap valve forecast to grow steady rate in countries such as Israel, South Africa, Brazil, and Mexico in Middle East & Africa and Latin America regions.
Prominent players operating in the global steam trap valve sales market include, Spirax Sarco, Armstrong, TLV, Flowserve, Tyco(Pentair), Velan, Circor, Yingqiao Machinery, Hongfeng Mechanical, Yoshitake, DSC, Steriflow, Chenghang Industrial Safety, Cameron, Lonze Valve, MIYAWAKI, Tunstall Corporation, Water-Dispersing Valve, Watson McDaniel, and Shanghai Hugong