Steam Trap Market Report 2026

Steam Trap Market Overview

• Steam Trap market size has reached to $4.36 billion in 2025 • Expected to grow to $5.81 billion in 2030 at a compound annual growth rate (CAGR) of 5.8% • Growth Driver: Growing Industrialization Fueling Market Growth Due To Mass Production • Market Trend: Technological Advancements In Steam Traps Adoption Of Smart Maintenance Solutions For Enhanced Efficiency • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Steam Trap Market?

Steam trap refers to a device that automatically removes condensate and air from steam systems while preventing steam loss. It helps maintain heating efficiency and protects equipment by preventing water buildup in the system. The main types of steam traps are mechanical steam traps, thermodynamic steam traps, and thermostatic steam traps. Mechanical steam trap refers to a type of steam trap that operates using mechanical components, such as floats or buckets, to automatically discharge condensate while retaining steam within a steam system. The material types involved include steel, iron, and other material types that are distributed through various distribution channels, such as online and offline. The various applications include instrument steam tracing, line steam tracing, drip application, process application, and other applications and cater to several end users, such as chemical, oil and gas, food and beverage, energy and power, pharmaceutical, and others.

What Is The Steam Trap Market Growth Forecast?

The steam trap market size is expected to see strong growth in the next few years. It will grow to $5.81 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to energy efficiency regulations, demand for reduced steam losses, modernization of industrial plants, growth in pharmaceutical production, sustainability initiatives. Major trends in the forecast period include focus on energy efficient steam systems, replacement of aging industrial steam infrastructure, demand for reliable condensate management, expansion of process industry applications, preference for durable industrial components.

Tariff Impact On Steam Trap Market

Tariffs have influenced the steam trap market by increasing costs of imported steel and precision machined components. The impact is evident in Asia Pacific and Europe where industrial equipment supply chains are global. These pressures affect procurement budgets. However, tariffs support domestic manufacturing and refurbishment services.

What Is The Driver Of The Steam Trap Market?

Increasing industrialization is expected to propel the growth of the steam trap market going forward. Industrialization refers to the process by which a country or region transforms from an economy based mainly on agriculture to one based on manufacturing and industry. Increasing industrialization is due to mass production, as populations seek more affordable goods, pushing countries to use machines and factories for efficient large-scale manufacturing. Steam traps support industrialization by efficiently managing steam systems to maintain optimal heat transfer and consistent production, enabling factories to achieve mass production at lower costs. For instance, in January 2024, according to the Ministry of Industry and Information Technology, a China-based government organization, by the end of November last year, the number of large industrial enterprises had risen to 483,000, an increase of 32,000 compared with the end of 2022. In 2023, the total value-added industrial output grew by 4.6% year-on-year, marking a one-percentage-point improvement over 2022. Therefore, increasing industrialization is driving the growth of the steam trap industry.

Key Players In The Global Steam Trap Market

Major companies operating in the steam trap market are Spirax-Sarco Engineering plc, Emerson Electric Co., Flowserve Corporation, Armstrong International, Inc., Forbes Marshall Private Limited, Thermax Limited, TLV Co., Ltd., Velan Inc., Watts Water Technologies, Inc., Circor International, Inc., Pentair plc, Schlumberger Limited, Xylem Inc., Watson-McDaniel Company, Bestobell Steam Traps Ltd., Uni Klinger Limited, Hawa Engineers Limited, Marck & Care Engineers Limited, Delta Steam Systems, Thermal Energy International Inc.

Global Steam Trap Market Trends and Insights

Major companies operating in the steam trap market are focusing on technological advancements, such as smart maintenance solutions, to improve energy efficiency, reduce maintenance costs, and prevent steam system failures. Smart maintenance solutions refer to advanced, technology-driven methods used to monitor, predict, and optimize equipment maintenance to reduce downtime and costs. For instance, in April 2023, Henkel AG & Co. KGaA, a Germany-based chemicals company, launched Loctite Pulse Smart Steam Trap for digital monitoring of industrial steam systems, an innovative IoT-enabled monitoring system. It offers unique features, including real-time condition monitoring, predictive maintenance alerts, and precise steam loss detection, to enhance energy efficiency in steam systems. It utilizes IoT-enabled sensors to continuously track performance, providing instant notifications on blockages, leaks, and operational anomalies, helping prevent unplanned downtime. The device integrates easily with existing systems, allowing maintenance teams to access actionable insights through a centralized dashboard, optimize steam trap performance, and extend equipment lifespan while reducing energy costs.

What Are Latest Mergers And Acquisitions In The Steam Trap Market?

In May 2025, AbbVie Inc., a US-based biopharmaceutical company, partnered with Emerson Electric Co. to implement wireless steam trap monitoring solutions at AbbVie’s manufacturing and research and development facilities. Through this partnership, AbbVie aims to enhance energy efficiency, improve product quality, and strengthen reliability in its steam systems by leveraging Emerson’s advanced Plantweb digital ecosystem and wireless acoustic transmitters to detect steam leaks and optimize maintenance strategies. Emerson Electric Co. is a US-based manufacturer of steam traps.

What Defines the Steam Trap Market?

The steam trap market consists of sales of inverted bucket steam traps, bimetallic steam traps, disc steam traps, bellows-type steam traps, and float steam traps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Steam Trap Market Report 2026?

The steam trap market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the steam trap industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.