The global steam trap market is recording a significant CAGR of 5% over the forecast period 2021-2027. This report contains data for the year 2018 and the historical year 2017. This increase in market value may be due to continued use to reduce fuel consumption. Strict rules enforced by regulatory authorities to increase manufacturing efficiency and reduce costs.
A full report of Steam Trap Market available at https://www.orionmarketreports.com/steam-trap-market/30185/
Steam Trap Market – Segmentation
By Product:
• Thermodynamic
• Mechanical
• Thermostatic
By Application:
• Drip Application
• Process Application
• Tracing Application
By Body Material:
• Steel
• Iron
• Others
By End-User Industry:
• Chemicals
• Energy and Power
• Food & Beverages
• Oil & Gas
• Pharmaceuticals
• Others
Key Players
• CIRCOR International, Inc.
• Emerson Electric Co.
• Flowserve Corporation
• Pentair PLC
• Schlumberger N.V.
• Spirax-Sarco Engineering plc
• Thermax Limited
• The Weir Group PLC
• Velan Inc.
• Watts Water Technologies, Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
