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Steam Trap Market Size- By Type, By Function, By Material, By Connectivity, By Application, By End Use, By Distribution Channel, Analysis, Share, Growth Forecast, 2026 – 2035.
Report ID: GMI6122
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Published Date: January 2026
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Report Format: PDF
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Authors: Avinash Singh, Sunita Singh
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Base Year: 2025
Companies covered: 15
Tables & Figures: 204
Countries covered: 18
Pages: 220
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Steam Trap Market
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Steam Trap Market Size
The steam trap market was valued at USD 4.2 billion in 2025. The market is expected to grow from USD 4.3 billion in 2026 to USD 6.3 billion in 2035, at a CAGR of 4.3%, according to latest report published by Global Market Insights Inc.
The steam trap market size is expected to witness significant growth owing to increasing implementation of energy efficient and automation of steam footprint of industries. Steam traps such as the ones designed for automated systems will enable companies to optimize their steam processes by being able to effectively remove the condensate from the steam while ensuring that the steam remains in the steam distribution system.
This enables companies to drastically reduce the amount of energy wasted from steam condensing out of the steam distribution system. Leading companies like Spirax Sarco and Armstrong International have developed "smart" versions of their steam traps that have real time monitoring and predictive maintenance capabilities, allowing companies to run their steam operations in a more efficient manner while minimizing unplanned downtime of their steam systems.
10.2% market share
Energy conservation by governments and legislative policies will continue to drive the growth of the steam trap market. The U.S. Department of Energy states that improving a steam system's efficiency could result in a decrease of between 10 to 15% in energy consumption. Therefore, advanced steam traps will be key to enabling companies to maintain their energy costs while working towards established global sustainability goals through a reduction of carbon emissions in light of increased environmental regulations.
Chemical, food processing, and pharmaceutical industries will lead the way in adopting advanced technology associated with steam traps. In food processing, advanced steam traps can ensure that food products receive uniform heat for the best quality. Likewise, in the pharmaceutical industry, advanced steam traps can help to ensure that products remain within the temperature specifications required for strict regulatory compliance and product safety.
The shift toward smart manufacturing is encouraging the continued development of intelligent steam traps that can optimize energy efficiency, improve safe operation and help ensure that sustainability factors are considered and are thus the backbone of every modern-day industrial facility. By employing "smart steam traps", companies will optimize and increase their capacity for operating efficiently while at the same time be positioned as forerunners in manufacturing with energy efficient and sustainable practices.
Steam Trap Market Trends
Changing innovation and technology transformation are important for the growth of the steam trap industry.
Steam Trap Market Analysis
Based on type, the steam trap industry is segmented into mechanical steam trap, thermodynamic steam strap and thermostatic steam trap. The mechanical steam trap segment accounts for revenue of around USD 1.9 billion in 2025 and is expected to reach USD 3 billion by 2035.
Based on the application, the steam trap market is bifurcated into industrial, commercial and industrial. The industrial segments accounted for 78.6% of the market share in 2025.
Based on distribution channel, the market is segmented direct and indirect. The indirect sales channel segment generating a revenue of USD 2.6 billion in 2025.
U.S. dominated the steam trap market growth in North America, accounting for 79.4% of the share 2025.
Asia Pacific steam trap market is expected to grow at 4.5% CAGR during the forecast period.
Europe steam trap market is expected to grow at 4.4% CAGR during the forecast period.
Middle East and Africa steam trap market is expected to grow at 3.6% CAGR during the forecast period.
Steam Trap Market Share
The top companies in the steam trap industry include Spirax-Sarco Engineering, Armstrong International, TLV International, Emerson Electric and Watts Water Technologies and collectively hold a share of 25.7% of the market in 2025. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position.
Steam Trap Market Companies
Major players operating in the steam trap industry are:
Emerson, through its Yarway brand, delivers steam traps as part of its broader industrial automation and fluid-control portfolio, supporting energy efficiency and operational reliability in steam distribution networks. It is recognized as a major player in the global steam trap market, often included among the top suppliers.
Watts manufactures thermostatic, inverted-bucket, and thermodynamic steam traps used in steam drip, heating, and process applications across industrial facilities. Their steam-trap solutions form part of broader thermal, water, and energy-management technologies supplied to global industrial and commercial users.
Steam Trap Industry News
The steam trap market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) (Thousand Units) (from 2022 to 2035), for the following segments:
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Market, By Type
Market, By Function
Market, By Material
Market, By Connectivity
Market, By Application
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: