The North America Steam Trap Market would witness market growth of 3.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged 3,129.2 thousand Units, showcasing a growth of 3.4 % (2019-2022).
In thermostatic traps, temperature-sensitive elements that develop and contract to open and close the valve are utilized. Properly functioning steam traps prevent energy losses and maintain system performance. Ineffective steam chambers can result in increased energy consumption, decreased production, and equipment failure. Regular inspections and maintenance are needed to ensure the safety and effectiveness of steam traps.
Future market expansion will be driven by innovations in the electricity generation, oil & gas, chemical processing, food & beverage, and pharmaceutical industries. The rising need for maintenance and repair of extant steam trap systems will drive demand for replacements and associated services.
Advanced steam trap solutions will be in demand due to retrofitting and project enhancements in existing manufacturing facilities where outdated steam trap systems have rendered the old systems obsolete. Upgrading to a more efficient steam trap will save energy and enhance the system's performance and functionality, thereby driving demand for steam traps.
The oil & gas exploration, production, and processing level in North America directly impacts the adoption of steam traps. During increased activity, such as oil booms, there is typically a higher demand for steam traps to support the expanded infrastructure. The United States has become a major liquefied natural gas (LNG) exporter to global markets. Developing LNG export terminals and infrastructure has been a priority for the industry, with North American natural gas playing an essential role in the global energy landscape. The oil and gas industry strongly emphasizes energy efficiency and cost savings. Steam traps ensure energy is not wasted through steam leaks or inefficient condensate removal. The demand for high-efficiency steam traps may increase as the industry seeks to optimize its operations.
The US market dominated the North America Steam Trap Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $830.8 million by 2030. The Canada market would exhibit a CAGR of 5.4% during (2023 - 2030). Additionally, The Mexico market is experiencing CAGR of 4.4% during (2023 - 2030).
Based on Industry, the market is segmented into Oil & Gas, Food & Beverages, Chemicals, Energy & Power, Pharmaceuticals and Others. Based on Product, the market is segmented into Mechanical, Thermodynamics, and Thermostatic. Based on Application, the market is segmented into Tracing, Drip and Process. Based on Body Material, the market is segmented into Steel, Iron and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Steam Trap Market is Projected to reach USD 4.4 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Spirax Sarco Engineering plc, Emerson Electric Co., Schlumberger N.V., Thermax Limited, Velan, Inc., Forbes Marshall Pvt. Ltd, Xylem, Inc., Armstrong International, Inc., TLV Co., Ltd, Watts Water Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Industry (Volume, Thousand Units, USD Million, 2019-2030)
- Oil & Gas
- Food & Beverages
- Chemicals
- Energy & Power
- Pharmaceuticals
- Others
By Product (Volume, Thousand Units, USD Million, 2019-2030)
- Mechanical
- Thermodynamics
- Thermostatic
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Body Material (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Spirax Sarco Engineering plc
- Emerson Electric Co.
- Schlumberger N.V.
- Thermax Limited
- Velan, Inc.
- Forbes Marshall Pvt. Ltd
- Xylem, Inc.
- Armstrong International, Inc.
- TLV Co., Ltd
- Watts Water Technologies, Inc.
TABLE 1 North America Steam Trap Market, 2019 - 2022, USD Million
TABLE 2 North America Steam Trap Market, 2023 - 2030, USD Million
TABLE 3 North America Steam Trap Market, 2019 - 2022, Thousand Units
TABLE 4 North America Steam Trap Market, 2023 - 2030, Thousand Units
TABLE 5 North America Steam Trap Market by Industry, 2019 - 2022, USD Million
TABLE 6 North America Steam Trap Market by Industry, 2023 - 2030, USD Million
TABLE 7 North America Steam Trap Market by Industry, 2019 - 2022, Thousand Units
TABLE 8 North America Steam Trap Market by Industry, 2023 - 2030, Thousand Units
TABLE 9 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Oil & Gas Market by Country, 2019 - 2022, Thousand Units
TABLE 12 North America Oil & Gas Market by Country, 2023 - 2030, Thousand Units
TABLE 13 North America Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Food & Beverages Market by Country, 2019 - 2022, Thousand Units
TABLE 16 North America Food & Beverages Market by Country, 2023 - 2030, Thousand Units
TABLE 17 North America Chemicals Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Chemicals Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Chemicals Market by Country, 2019 - 2022, Thousand Units
TABLE 20 North America Chemicals Market by Country, 2023 - 2030, Thousand Units
TABLE 21 North America Energy & Power Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Energy & Power Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Energy & Power Market by Country, 2019 - 2022, Thousand Units
TABLE 24 North America Energy & Power Market by Country, 2023 - 2030, Thousand Units
TABLE 25 North America Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Pharmaceuticals Market by Country, 2019 - 2022, Thousand Units
TABLE 28 North America Pharmaceuticals Market by Country, 2023 - 2030, Thousand Units
TABLE 29 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Others Market by Country, 2019 - 2022, Thousand Units
TABLE 32 North America Others Market by Country, 2023 - 2030, Thousand Units
TABLE 33 North America Steam Trap Market by Product, 2019 - 2022, USD Million
TABLE 34 North America Steam Trap Market by Product, 2023 - 2030, USD Million
TABLE 35 North America Steam Trap Market by Product, 2019 - 2022, Thousand Units
TABLE 36 North America Steam Trap Market by Product, 2023 - 2030, Thousand Units
TABLE 37 North America Mechanical Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Mechanical Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Mechanical Market by Country, 2019 - 2022, Thousand Units
TABLE 40 North America Mechanical Market by Country, 2023 - 2030, Thousand Units
TABLE 41 North America Thermodynamics Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Thermodynamics Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Thermodynamics Market by Country, 2019 - 2022, Thousand Units
TABLE 44 North America Thermodynamics Market by Country, 2023 - 2030, Thousand Units
TABLE 45 North America Thermostatic Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Thermostatic Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Thermostatic Market by Country, 2019 - 2022, Thousand Units
TABLE 48 North America Thermostatic Market by Country, 2023 - 2030, Thousand Units
TABLE 49 North America Steam Trap Market by Application, 2019 - 2022, USD Million
TABLE 50 North America Steam Trap Market by Application, 2023 - 2030, USD Million
TABLE 51 North America Steam Trap Market by Application, 2019 - 2022, Thousand Units
TABLE 52 North America Steam Trap Market by Application, 2023 - 2030, Thousand Units
TABLE 53 North America Tracing Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Tracing Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Tracing Market by Country, 2019 - 2022, Thousand Units
TABLE 56 North America Tracing Market by Country, 2023 - 2030, Thousand Units
TABLE 57 North America Drip Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Drip Market by Country, 2023 - 2030, USD Million
TABLE 59 North America Drip Market by Country, 2019 - 2022, Thousand Units
TABLE 60 North America Drip Market by Country, 2023 - 2030, Thousand Units
TABLE 61 North America Process Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Process Market by Country, 2023 - 2030, USD Million
TABLE 63 North America Process Market by Country, 2019 - 2022, Thousand Units
TABLE 64 North America Process Market by Country, 2023 - 2030, Thousand Units
TABLE 65 North America Steam Trap Market by Body Material, 2019 - 2022, USD Million
TABLE 66 North America Steam Trap Market by Body Material, 2023 - 2030, USD Million
TABLE 67 North America Steam Trap Market by Body Material, 2019 - 2022, Thousand Units
TABLE 68 North America Steam Trap Market by Body Material, 2023 - 2030, Thousand Units
TABLE 69 North America Steel Market by Country, 2019 - 2022, USD Million
TABLE 70 North America Steel Market by Country, 2023 - 2030, USD Million
TABLE 71 North America Steel Market by Country, 2019 - 2022, Thousand Units
TABLE 72 North America Steel Market by Country, 2023 - 2030, Thousand Units
TABLE 73 North America Iron Market by Country, 2019 - 2022, USD Million
TABLE 74 North America Iron Market by Country, 2023 - 2030, USD Million
TABLE 75 North America Iron Market by Country, 2019 - 2022, Thousand Units
TABLE 76 North America Iron Market by Country, 2023 - 2030, Thousand Units
TABLE 77 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 78 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 79 North America Others Market by Country, 2019 - 2022, Thousand Units
TABLE 80 North America Others Market by Country, 2023 - 2030, Thousand Units
TABLE 81 North America Steam Trap Market by Country, 2019 - 2022, USD Million
TABLE 82 North America Steam Trap Market by Country, 2023 - 2030, USD Million
TABLE 83 North America Steam Trap Market by Country, 2019 - 2022, Thousand Units
TABLE 84 North America Steam Trap Market by Country, 2023 - 2030, Thousand Units
TABLE 85 US Steam Trap Market, 2019 - 2022, USD Million
TABLE 86 US Steam Trap Market, 2023 - 2030, USD Million
TABLE 87 US Steam Trap Market, 2019 - 2022, Thousand Units
TABLE 88 US Steam Trap Market, 2023 - 2030, Thousand Units
TABLE 89 US Steam Trap Market by Industry, 2019 - 2022, USD Million
TABLE 90 US Steam Trap Market by Industry, 2023 - 2030, USD Million
TABLE 91 US Steam Trap Market by Industry, 2019 - 2022, Thousand Units
TABLE 92 US Steam Trap Market by Industry, 2023 - 2030, Thousand Units
TABLE 93 US Steam Trap Market by Product, 2019 - 2022, USD Million
TABLE 94 US Steam Trap Market by Product, 2023 - 2030, USD Million
TABLE 95 US Steam Trap Market by Product, 2019 - 2022, Thousand Units
TABLE 96 US Steam Trap Market by Product, 2023 - 2030, Thousand Units
TABLE 97 US Steam Trap Market by Application, 2019 - 2022, USD Million
TABLE 98 US Steam Trap Market by Application, 2023 - 2030, USD Million
TABLE 99 US Steam Trap Market by Application, 2019 - 2022, Thousand Units
TABLE 100 US Steam Trap Market by Application, 2023 - 2030, Thousand Units
TABLE 101 US Steam Trap Market by Body Material, 2019 - 2022, USD Million
TABLE 102 US Steam Trap Market by Body Material, 2023 - 2030, USD Million
TABLE 103 US Steam Trap Market by Body Material, 2019 - 2022, Thousand Units
TABLE 104 US Steam Trap Market by Body Material, 2023 - 2030, Thousand Units
TABLE 105 Canada Steam Trap Market, 2019 - 2022, USD Million
TABLE 106 Canada Steam Trap Market, 2023 - 2030, USD Million
TABLE 107 Canada Steam Trap Market, 2019 - 2022, Thousand Units
TABLE 108 Canada Steam Trap Market, 2023 - 2030, Thousand Units
TABLE 109 Canada Steam Trap Market by Industry, 2019 - 2022, USD Million
TABLE 110 Canada Steam Trap Market by Industry, 2023 - 2030, USD Million
TABLE 111 Canada Steam Trap Market by Industry, 2019 - 2022, Thousand Units
TABLE 112 Canada Steam Trap Market by Industry, 2023 - 2030, Thousand Units
TABLE 113 Canada Steam Trap Market by Product, 2019 - 2022, USD Million
TABLE 114 Canada Steam Trap Market by Product, 2023 - 2030, USD Million
TABLE 115 Canada Steam Trap Market by Product, 2019 - 2022, Thousand Units
TABLE 116 Canada Steam Trap Market by Product, 2023 - 2030, Thousand Units
TABLE 117 Canada Steam Trap Market by Application, 2019 - 2022, USD Million
TABLE 118 Canada Steam Trap Market by Application, 2023 - 2030, USD Million
TABLE 119 Canada Steam Trap Market by Application, 2019 - 2022, Thousand Units
TABLE 120 Canada Steam Trap Market by Application, 2023 - 2030, Thousand Units
TABLE 121 Canada Steam Trap Market by Body Material, 2019 - 2022, USD Million
TABLE 122 Canada Steam Trap Market by Body Material, 2023 - 2030, USD Million
TABLE 123 Canada Steam Trap Market by Body Material, 2019 - 2022, Thousand Units
TABLE 124 Canada Steam Trap Market by Body Material, 2023 - 2030, Thousand Units
TABLE 125 Mexico Steam Trap Market, 2019 - 2022, USD Million
TABLE 126 Mexico Steam Trap Market, 2023 - 2030, USD Million
TABLE 127 Mexico Steam Trap Market, 2019 - 2022, Thousand Units
TABLE 128 Mexico Steam Trap Market, 2023 - 2030, Thousand Units
TABLE 129 Mexico Steam Trap Market by Industry, 2019 - 2022, USD Million
TABLE 130 Mexico Steam Trap Market by Industry, 2023 - 2030, USD Million
TABLE 131 Mexico Steam Trap Market by Industry, 2019 - 2022, Thousand Units
TABLE 132 Mexico Steam Trap Market by Industry, 2023 - 2030, Thousand Units
TABLE 133 Mexico Steam Trap Market by Product, 2019 - 2022, USD Million
TABLE 134 Mexico Steam Trap Market by Product, 2023 - 2030, USD Million
TABLE 135 Mexico Steam Trap Market by Product, 2019 - 2022, Thousand Units
TABLE 136 Mexico Steam Trap Market by Product, 2023 - 2030, Thousand Units
TABLE 137 Mexico Steam Trap Market by Application, 2019 - 2022, USD Million
TABLE 138 Mexico Steam Trap Market by Application, 2023 - 2030, USD Million
TABLE 139 Mexico Steam Trap Market by Application, 2019 - 2022, Thousand Units
TABLE 140 Mexico Steam Trap Market by Application, 2023 - 2030, Thousand Units
TABLE 141 Mexico Steam Trap Market by Body Material, 2019 - 2022, USD Million
TABLE 142 Mexico Steam Trap Market by Body Material, 2023 - 2030, USD Million
TABLE 143 Mexico Steam Trap Market by Body Material, 2019 - 2022, Thousand Units
TABLE 144 Mexico Steam Trap Market by Body Material, 2023 - 2030, Thousand Units
TABLE 145 Rest of North America Steam Trap Market, 2019 - 2022, USD Million
TABLE 146 Rest of North America Steam Trap Market, 2023 - 2030, USD Million
TABLE 147 Rest of North America Steam Trap Market, 2019 - 2022, Thousand Units
TABLE 148 Rest of North America Steam Trap Market, 2023 - 2030, Thousand Units
TABLE 149 Rest of North America Steam Trap Market by Industry, 2019 - 2022, USD Million
TABLE 150 Rest of North America Steam Trap Market by Industry, 2023 - 2030, USD Million
TABLE 151 Rest of North America Steam Trap Market by Industry, 2019 - 2022, Thousand Units
TABLE 152 Rest of North America Steam Trap Market by Industry, 2023 - 2030, Thousand Units
TABLE 153 Rest of North America Steam Trap Market by Product, 2019 - 2022, USD Million
TABLE 154 Rest of North America Steam Trap Market by Product, 2023 - 2030, USD Million
TABLE 155 Rest of North America Steam Trap Market by Product, 2019 - 2022, Thousand Units
TABLE 156 Rest of North America Steam Trap Market by Product, 2023 - 2030, Thousand Units
TABLE 157 Rest of North America Steam Trap Market by Application, 2019 - 2022, USD Million
TABLE 158 Rest of North America Steam Trap Market by Application, 2023 - 2030, USD Million
TABLE 159 Rest of North America Steam Trap Market by Application, 2019 - 2022, Thousand Units
TABLE 160 Rest of North America Steam Trap Market by Application, 2023 - 2030, Thousand Units
TABLE 161 Rest of North America Steam Trap Market by Body Material, 2019 - 2022, USD Million
TABLE 162 Rest of North America Steam Trap Market by Body Material, 2023 - 2030, USD Million
TABLE 163 Rest of North America Steam Trap Market by Body Material, 2019 - 2022, Thousand Units
TABLE 164 Rest of North America Steam Trap Market by Body Material, 2023 - 2030, Thousand Units
TABLE 165 Key information – Spirax Sarco Engineering plc
TABLE 166 Key Information – Emerson Electric Co.
TABLE 167 key information – Schlumberger N.V.
TABLE 168 Key Information – Thermax Limited
TABLE 169 Key Information – Velan, Inc.
TABLE 170 Key Information – Forbes Marshall Pvt. Ltd
TABLE 171 key information – Xylem, Inc.
TABLE 172 Key Information – Armstrong International, Inc.
TABLE 173 Key Information – TLV CO., LTD.
TABLE 174 Key Information – WATTS WATER TECHNOLOGIES, INC.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Steam Trap Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Stream traps Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Steam trap market
FIG 6 North America Steam Trap Market share by Industry, 2022
FIG 7 North America Steam Trap Market share by Industry, 2030
FIG 8 North America Steam Trap Market by Industry, 2019 - 2030, USD Million
FIG 9 North America Steam Trap Market share by Product, 2022
FIG 10 North America Steam Trap Market share by Product, 2030
FIG 11 North America Steam Trap Market by Product, 2019 - 2030, USD Million
FIG 12 North America Steam Trap Market share by Application, 2022
FIG 13 North America Steam Trap Market share by Application, 2030
FIG 14 North America Steam Trap Market by Application, 2019 - 2030, USD Million
FIG 15 North America Steam Trap Market share by Body Material, 2022
FIG 16 North America Steam Trap Market share by Body Material, 2030
FIG 17 North America Steam Trap Market by Body Material, 2019 - 2030, USD Million
FIG 18 North America Steam Trap Market share by Country, 2022
FIG 19 North America Steam Trap Market share by Country, 2030
FIG 20 North America Steam Trap Market by Country, 2019 - 2030, USD Million
FIG 21 Recent strategies and developments: SPIRAX SARCO ENGINEERING PLC
FIG 22 Swot Analysis: Spirax Sarco Engineering plc
FIG 23 Swot Analysis: EMERSON ELECTRIC CO.
FIG 24 Swot Analysis: Schlumberger N.V.
FIG 25 Swot Analysis: THERMAX LIMITED
FIG 26 Swot Analysis: VELAN, INC.
FIG 27 Swot Analysis: FORBES MARSHALL PVT. LTD
FIG 28 Swot Analysis: Xylem, Inc
FIG 29 Swot Analysis: ARMSTRONG INTERNATIONAL, INC.
FIG 30 Swot Analysis: TLV CO., LTD.
FIG 31 Swot Analysis: WATTS WATER TECHNOLOGIES, INC.