1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
North America and Europe Steam Trap Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type ; Application ; End-User

North America and Europe Steam Trap Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type ; Application ; End-User

  • April 2021
  • 164 pages
  • ID: 6075725
  • Format: PDF
  • The Insight Partners
Up to $1000 off Until Jul 31st 2021


Table of Contents

Search Inside

The North America and Europe steam trap market was valued at US$ 2,598.67 million in 2020 and is projected to reach US$ 3,969.11 million by 2028; it is expected to grow at a CAGR of 5.6% during the forecast period of 2020 to 2028.

The surging demand for electronic products is a key factor encouraging developments in steam traps across North America and Europe.Rising sustainability concerns, burgeoning demand for energy-efficient solutions, and enforcement of stringent regulations to reduce carbon footprint across different industries are the additional factors bolstering the market growth in these regions.

Steam traps are widely being used across the pharmaceuticals, paper & pulp, food & beverages, and oil & gas industries across North America and Europe.

Stream traps are deployed across industries to release non-condensable and condensable gasses with insignificant live steam loss.A drain valve differentiates between steam and condensate.

The steam traps retain steam and release condensates under different pressure or load conditions.The working of steam traps is like redid valve that opens, modifies, or closes automatically.

Several government and regulatory bodies are imposing a strict regulatory framework to reduce carbon footprint; in addition to this, rising sustainability concerns leading end-user industries to deploy steam traps to cut down their fuel cost are favoring the growth market.Europe is a one of the key regions for the growth of steam trap market with the presence of many developed countries such as Germany, the UK, France, Italy, Norway, and Sweden.

The steam trap manufacturing industry in the region has been impacted due to disruptions in supply chains due to the COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. The outbreak, as well as the measures imposed to control its effects, has been causing delays in the supply of electronic components. Europe is a manufacturing and industrial hub for sectors such as oil & gas, pharmaceuticals, and food & beverages. However, it is facing an economic slowdown due to business lockdowns, travel bans, and supply chain disruptions, and the impact is likely to continue in 2021 as well.

The steam trap market is segmented on the bases of product type, application, and end-user.Based on product type, the market is segmented into mechanical, thermodynamic, and thermostatic.

The mechanical segment accounted for a dominant share of the market in 2020.In terms of application, the North America and Europe steam trap market is segmented into drip, process, and tracing.

The tracing application accounts for a major share of the market.In terms of end-user, the North America and Europe steam trap market is segmented into oil and gas, pharmaceuticals, food and beverage, pulp and paper, and others.

The oil and gas sector is one of the key adopters of steam traps.

The manufacturing industries in the world have been investing substantial amounts in the adoption of automated and intelligent industrial solutions.The continuous increase in the number of industrial machinery setups being installed provides lucrative growth opportunities for steam trap market players, especially in developed regions such as North America and Europe.

With the huge acceptance for technological advancements, enterprises in the countries in these regions are focusing on transforming their factories into smart factories.The countries with a considerably higher number of manufacturing facilities—including the US, Canada, the UK, Germany, and France, among others—are continually seeking advanced technology equipment in manufacturing facilities across different industries.

With the constant rise in production and demand, the expansion of manufacturing facilities becomes one of the prime growth strategies for manufacturers, which is the key factor for boosting the demand for insulation products. Key players operating in the North America and Europe steam trap market are Spirax-Sarco Engineering Plc, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Watts Water Technologies, Inc., Watson McDaniel, Velan Inc., Thermax Limited, Thermal Energy International Inc., and Bestobell Steam Traps, among others.

The overall North America and Europe steam trap market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the North America and Europe steam trap market based on all the segments.Also, primary interviews were conducted with industry participants to validate data as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the North America and Europe steam trap market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off


  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on