Steam Trap Monitor Market Report 2026

Steam Trap Monitor Market Overview

• Steam Trap Monitor market size has reached to $1.37 billion in 2025 • Expected to grow to $1.85 billion in 2030 at a compound annual growth rate (CAGR) of 6.2% • Growth Driver: Increasing Demand For Energy-Efficient Systems Fueling The Growth Of The Market Due To Rising Energy Costs And Sustainability Mandates • Market Trend: Advancing Operational Efficiency Through Predictive Maintenance And Smart Monitoring Solutions • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Steam Trap Monitor Market?

A steam trap monitor refers to a device that automatically checks the condition and performance of steam traps in a steam system. It helps save energy and maintenance costs by detecting leaks or failures early, ensuring the system runs efficiently and safely. The main product types of steam trap monitors are electronic steam trap monitors, mechanical steam trap monitors, ultrasonic steam trap monitors, and infrared steam trap monitors. Electronic steam trap monitors refer to devices that use electronic sensors and systems to detect and report the operating condition and performance of steam traps automatically. The main functionalities involved are temperature monitoring, pressure monitoring, flow rate monitoring, leak detection, and preventive maintenance, and they are distributed through various distribution channels such as direct sales, distributors, and online, and they use technologies including wireless and wired by end users such as oil and gas, power generation, food and beverage, pulp and paper, and pharmaceuticals.

What Is The Steam Trap Monitor Market Growth Forecast?

The steam trap monitor market size is expected to see strong growth in the next few years. It will grow to $1.85 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to industrial iot adoption, demand for smart factories, rising energy costs, focus on carbon reduction, expansion of condition monitoring systems. Major trends in the forecast period include rising adoption of predictive maintenance solutions, integration of wireless monitoring systems, focus on energy loss reduction, expansion of industrial automation, demand for real time steam system analytics.

Tariff Impact On Steam Trap Monitor Market

Tariffs have impacted the steam trap monitor market by increasing costs of sensors, communication modules, and electronic components. The impact is strongest in Asia Pacific and North America. These factors influence system pricing. However, tariffs encourage local electronics integration and system assembly.

What Is The Driver Of The Steam Trap Monitor Market?

The increasing demand for energy-efficient systems is expected to propel the growth of the steam trap monitor market going forward. Energy-efficient systems refer to systems designed to use less energy while delivering the same or improved performance compared to conventional systems. The increasing demand for energy-efficient systems is due to rising energy costs, as higher energy prices push businesses and consumers to adopt technologies that reduce energy consumption and lower operating expenses. Steam trap monitors help energy-efficient systems by continuously detecting steam leaks and failures, reducing unnecessary energy loss, optimizing steam usage, and enhancing overall system efficiency and sustainability. For instance, in March 2025, according to the report published by the Department for Energy Security and Net Zero, a UK-based government department, energy efficiency schemes facilitated the installation of approximately 420,600 energy efficiency measures in 2024, representing a 27% increase compared to 2023. Therefore, increasing demand for energy-efficient systems is driving the growth of the steam trap monitor industry.

Key Players In The Global Steam Trap Monitor Market

Major companies operating in the steam trap monitor market are Henkel AG & Co KGaA, IMI Critical Engineering, Spirax-Sarco Engineering plc, Armstrong International Inc., Forbes Marshall Private Limited, Thermax Limited, BiTherm SA, GESTRA AG, Yoshitake Inc., Carotek Inc., Faclon Labs Private Limited, SONOTEC GmbH, Shoplogix Inc., Pulse Industrial Inc., Cypress Envirosystems Inc., Brenpower Technology Co Ltd., TLV Co. Ltd., DCO Systems Ltd, SteamIQ LLC, TWTG

Global Steam Trap Monitor Market Trends and Insights

Major companies operating in the steam trap monitor market are focusing on technological advancements, such as artificial intelligence-powered predictive maintenance systems, to enhance steam system performance, reduce energy waste, and minimize unplanned downtime in industrial facilities. AI-powered predictive maintenance systems refer to advanced tools that use artificial intelligence to monitor equipment, analyze data, and predict when maintenance is needed to prevent unexpected failures. For instance, in October 2024, Yokogawa Electric Corporation, a Japan-based provider of industrial automation and test and measurement solutions, launched an explosion-protected wireless steam trap monitoring device with excellent environmental resistance and wide-area coverage. The explosion-protected wireless steam trap monitoring device offers advanced safety and efficiency in steam systems operating in hazardous environments. It features robust explosion-proof housing to prevent ignition in flammable atmospheres, wireless connectivity for real-time monitoring without complex cabling, and long-life battery operation for maintenance-free performance. The device continuously tracks steam trap conditions, detecting failures or leaks early to reduce energy losses and downtime. Additionally, it can integrate seamlessly with plant monitoring systems, enabling predictive maintenance while ensuring compliance with strict safety standards in industries such as oil and gas, chemical, and petrochemical plants.

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

In May 2025, AbbVie Inc., a US-based biopharmaceutical company, partnered with Emerson 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 automation technology company.

What Defines the Steam Trap Monitor Market?

The steam trap monitor market consists of sales of explosion-protected wireless steam trap monitors, ultrasonic steam trap testers, thermal imaging-based steam trap monitors, and IoT-enabled steam trap monitoring systems. 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 Monitor Market Report 2026?

The steam trap monitor 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 monitor 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.