Steam Trap Market

Steam Trap Market by Product (Thermodynamic, Mechanical, Thermostatic), Application (Drip Application, Process Application, Tracing Application), Body Material (Steel, Iron), End-user Industry, and Geography - Global Forecast to 2022

Report Code: SE 5172 Apr, 2017, by marketsandmarkets.com

The steam trap market is estimated at USD 3.34 billion in 2017 and is projected to grow at a CAGR of 4.2% to reach USD 4.11 billion by 2022.

Steam Trap Market

By product, thermostatic steam trap is expected to grow at the highest CAGR during the forecast period

Mechanical steam trap dominates the global steam trap market. It is estimated to grow at a CAGR of XXX during the forecast period. Owing to the high rate of heat transfer for a given heat transfer, the mechanical steam trap segment is expected to maintain its dominance in the market during the forecast period.

Thermostatic steam trap is anticipated to witness the highest CAGR during the forecast period. Low initial cost, reduced inventory, and long-term energy conservation are boosting the demand for thermostatic steam traps.

By application,the global steam trap market is expected to be dominated by tracing application during the forecast period

Based on condensate load, air venting, and pressure, steam traps are used for various applications in end-user industries. Typically, there are only 3 applications for steam traps—drip application, which is located on steam delivery lines; process application, wherein steam is specifically used to heat products such as process fluids, air, and foods etc.; and tracing application, wherein steam lines are designed to prevent a liquid system from freezing or to maintain the product temperature.

Based on application, the global steam trap market is dominated by tracing application. Tracing application is estimated to be increasing at a CAGR of XXX during the forecast period. Tracing application is used for both typical (where condensate backup is preferable) and critical services (where condensate backup is not acceptable) in steam lines, and hence this segment dominates the steam trap market.

By body material, the global steam trap market is expected to be dominated by steel body material during the forecast period

The availability of steam traps in different body materials and piping configurations allows flexibility in the selection of the right trap to meet the specific needs of end-use applications. The selection of right body material plays an important role in the proper functioning of steam traps. The type of body material may affect continuous operation at full load, good energy conservation, good resistance to wear and tear, longevity, problems of dirt, and good corrosion resistivity of steam traps. Steel body allows steam traps to withstand freeze-ups without damage to the steam system.

The global steam trap market is dominated by steel body material. The steel body segment is anticipated to witness the highest CAGR during the forecast period.

By end-user industry, Food & Beverages is anticipated to register the highest CAGR during the forecast period

Food & beverages is anticipated to register the highest CAGR during the forecast period. Companies are investing in steam traps to enhance product quality, meet changing consumer preferences, and address strict regulations mandating environmental friendly manufacturing operations, as well as to take advantage of favorable legislative policies. These will likely drive the demand for steam traps during the forecast period.

By geography, North America will lead the global steam trap market

The steam trap market is likely to grow due to the growing sustainability concerns across the globe, enforcement of stringent regulations to reduce carbon footprint, and burgeoning demand for energy-efficient solution across industries during the forecast period.

North America dominates the market and is expected to increase at a CAGR of XXX, holding the major market share throughout the forecast period.

Steam Trap Market

Market Dynamics

Driver: Strict regulations imposed by regulatory bodies to enhance manufacturing efficiency and reduced cost

Globally, regulatory bodies are compelling companies to reduce their carbon footprint. The US Environmental Protection Agency (EPA) ordered the states to have extensive scope in planning their strategies to reduce emissions causing environmental imbalance. These states will rely on measures such as substituting coal with natural gas, improving the overall energy efficiency of manufacturing plants, and using renewable energy, which, in turn, will reduce greenhouse gas emissions.

Restraint: Periodic maintenance and operational costs associated with the operations of steam traps

Periodic maintenance of steam traps helps achieve better optimization of the overall steam system, which augments the process efficiency of manufacturing plants and leads to substantial energy savings. Proper upkeep and maintenance of steam traps also enhance the longevity of the overall steam system. However, maintenance of steam traps entails added cost and to add to this, it needs to be done periodically. The high repair, maintenance, and replacement costs could restrain the growth of the steam trap market during the forecast period.

Opportunity:Rising investments in power infrastructure in emerging economies

The dynamics of the energy sector are changing rapidly across the globe in response to steadily rising imbalance of demand–supply of power and environmental concerns. Of late, investments in power infrastructure in emerging economies have received a boost—which will provide impetus to the steam trap market. This is further reinforced by the growth prospects and high RoI being offered by emerging economies.

Emerging economies are attracting new sources of capital to ensure quick and efficient deployment of power projects. Governments also actively support these initiatives by offering loans, local currency products, capital market access, and risk management—promoting environmental and socio-economic standards.

Challenge: Limited maintenance programs for steam trap across end-user industries

Soaring energy prices have led to increased steam production cost for the operations of manufacturing plants. Steam traps are required to be constantly monitored to maintain optimum efficiency of manufacturing plants. Also, steam wastage is an important concern for manufacturing companies. The lack of and/or limited steam trap maintenance programs are/is common across end-use industries. Various industries rely on manual surveys for the maintenance of steam traps, which is time-consuming and impractical.

Due to the limited steam trap maintenance programs across end-user industries, manufacturing companies are losing approximately 5–10% of the total energy cost on plant operations. Steam systems that have not been maintained for more than 3 years may cause the failure of approximately 15–30% of installed steam traps, ensuing in additional repair costs to the manufacturing companies. The limited number of maintenance programs across end-user industries is a challenge for the steam trap market.

Steam Trap Market

Scope of the Report

Report Metric

Details

Market size available for years

2014–2022

Base year considered

2016

Forecast period

2017–2022

Forecast units

Million/ Billion (USD)

Segments covered

Product, Application, End-user Industry, Body Material and Region

Geographies covered

North America, Europe, APAC, RoW (Middle East and Africa)

Companies covered

Spirax-Sarco Engineering plc (UK), Pentair plc (US), The Weir Group PLC (UK), Flowserve Corporation (US), CIRCOR International, Inc.,(US), Emerson Electric Co., (US), Schlumberger N.V. (US), Thermax Limited (India), Velan Inc., (Canada), Watts Water Technologies, Inc. (US)

This research report categorizes the global steam trap market by product, application, body material, end-user industry, and geography.

Steam Trap Market, by Product:

  • Thermodynamic
  • Mechanical
  • Thermostatic

Steam Trap Market, by Application:

  • Drip Application
  • Process Application
  • Tracing Application

Steam Trap Market, by Body Material:

  • Steel
  • Iron
  • Others

Steam Trap Market, by End-User Industry:

  • Chemicals
  • Energy and Power
  • Food & Beverages 
  • Oil & Gas
  • Pharmaceuticals
  • Others

Steam Trap Market, by Geography:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Key Market Players:

Spirax-Sarco Engineering plc (UK), Pentair plc (US), The Weir Group PLC (UK), Flowserve Corporation (US), CIRCOR International Inc.,(US), Emerson Electric Co., (US), Schlumberger N.V. (US), Thermax Limited (India), Velan Inc., (Canada), Watts Water Technologies, Inc. (US)

Spirax Sarco is a leading manufacturer and supplier of steam traps for different industries. The company ranks among the top players in the steam trap market due to its existing distribution and sales network. The company’s products comply with the stringent regulations imposed by the different regulatory bodies.

The company offers steam trap under the Spirax Sarco group, through which it manufactures and sells steam traps. The company’s steam traps are used across industries such as chemicals, food & beverages, oil & petrochemicals, pulp & paper, and pharmaceuticals. The various types of steam trap offerings include-thermodynamic steam traps, mechanical steam traps (including inverted bucket andball float) and thermostatic steam traps (including balanced pressure and bimetallic).

Recent Developments

  • In November 2016, Spirax Sarco launched its new range of thermodynamic steam traps, UTDS46M, TDS46M, and TDC46M, for medium pressure steam applications, wherein quick air venting and reduced warm-up time is required during start-up. This new range of thermodynamic steam traps is available in two types of body material—TDC46M in carbon steel, along with UTDS46M and TDS46M in stainless steel. These steam traps are primarily targeted for the chemicals, energy and power, and oil & gas industries.
  • In January 2017, Pentair plc announced the acquisition of Union Engineering A/S (Denmark). Union Engineering A/S (Denmark) focuses on sustainable technologies to capture, recover, and purify CO2.
  • In January 2017, the Weir Group PLC announced the release of the Roto-Jet RO-FT API 610 pump—featuring the improved Pitot tube pump technology. This will allow the pump to operate reliably throughout its full life cycle, without any damage. This makes the pumps ideal for applications involving high fluctuation in flow rate.
  • In January 2016, Flowserve Corporation entered into an agreement with Veolia Group, as a preferred supplier of clear-water single and multistage pumps, deep-well submersible pumps, and related services. This agreement will strengthen Flowserve’s position as a reliable global provider of products and services for water resources and related industries.
  • In October 2016, CIRCOR International, Inc., acquired Critical Flow Solutions (CFS), which is a privately held company that develops and manufactures high-quality severe service valves for fluid catalytic cracking and decoking processes in oil & gas refineries. This acquisition will offer CIRCOR International, Inc., better growth in severe service applications and aftermarket services, with technologically distinguished products.

Key Questions Answered

  • What are the various types of body material used in steam trap and which one is best suitable for various industries?
  • Which are the key players in the market and how intense is the competition?
  • Where will all these developments take the industry in the mid to long term?
  • Which region is leading in stem trap market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Market Segmentation
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Value Chain Analysis – Industrial Automation
           2.2.1 Secondary Data
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Primary Interviews With Experts
                    2.2.2.2 Key Data Points From Primary Sources
                    2.2.2.3 Key Industry Insights
                    2.2.2.4 Breakdown of Primary Interviews
    2.3 Secondary and Primary Research
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
                    2.4.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.4.2 Top-Down Approach
                    2.4.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.5 Market Breakdown and Data Triangulation
    2.6 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Growth Opportunities Steam Trap Market, 2017–2022 (USD Billion)
    4.2 Steam Trap, By Product
    4.3 Steam Trap, By Application
    4.4 Steam Trap, By Body Material
    4.5 Steam Trap, By End-User Industry
    4.6 Steam Trap, By Geography

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 End-User Industries are Actively Adopting Steam Traps to Ramp Up Fuel Savings
                    5.2.1.2 Strict Regulations Imposed By Regulatory Bodies to Enhance Manufacturing Efficiency and Reduced Cost
           5.2.2 Restraints
                    5.2.2.1 Periodic Maintenance and Operational Costs Associated With the Operations of Steam Traps
           5.2.3 Opportunities
                    5.2.3.1 Rising Investments in Power Infrastructure in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Limited Maintenance Programs for Steam Trap Across End-User Industries

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Wireless Steam Trap Monitoring

7 Steam Trap Market, By Product (Page No. - 49)
    7.1 Introduction
    7.2 Mechanical
    7.3 Thermodynamic
    7.4 Thermostatic

8 Steam Trap Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Tracing Application
    8.3 Drip Application
    8.4 Process Application

9 Steam Trap Market, By Body Material (Page No. - 65)
    9.1 Introduction
    9.2 Steel
    9.3 Iron
    9.4 Others

10 Steam Trap Market, By End-User Industry (Page No. - 70)
     10.1 Introduction
     10.2 Chemicals
     10.3 Energy and Power
     10.4 Food & Beverages
     10.5 Oil & Gas
     10.6 Pharmaceuticals
     10.7 Others

11 Geographic Analysis (Page No. - 92)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 UK
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 Rest of APAC
     11.5 RoW
             11.5.1 Africa
             11.5.2 Middle East
             11.5.3 South America

12 Competitive Landscape (Page No. - 109)
     12.1 Introduction
     12.2 Competitive Analysis
             12.2.1 Market Ranking Analysis of the Steam Trap Market, 2016
     12.3 Dive Chart
             12.3.1 Dynamic
             12.3.2 Innovators
             12.3.3 Vanguards
             12.3.4 Emerging
     12.4 Product Offering
     12.5 Business Strategy
*Top 25 Companies Analyzed for This Study are – the Weir Group PLC, Watson Mcdaniel Company, Tunstall Corporation, Emerson Electric Co., Schlumberger N.V., Watts Water Technologies, Inc., and Tlv International, Inc., Spirax-Sarco Engineering PLC, Pentair PLC, Flowserve Corporation, Circor International, Inc., Thermax Limited, and Velan Inc., Marck & Care Engineers Ltd., Armstrong International Inc., Miyawaki Inc., Hawa Engineers Ltd, Bestobell Steam Traps, Thermal Energy International Inc., and Esco India, Neta Valves Pvt. Ltd., Colton Industries, Ayvaz, Venn.Co,Ltd., and Bell & Gossett
     12.6 Competitive Situation and Trends
             12.6.1 New Product Launches and Developments
             12.6.2 Partnerships, Agreements, Strategic Alliances, Collaborations
             12.6.3 Expansions

13 Company Profiles (Page No. - 119)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.1 Introduction
     13.2 Spirax-Sarco Engineering PLC
     13.3 Pentair PLC
     13.4 The Weir Group PLC
     13.5 Flowserve Corporation
     13.6 Circor International, Inc.
     13.7 Emerson Electric Co.
     13.8 Schlumberger N.V.
     13.9 Thermax Limited
     13.10 Velan Inc.
     13.11 Watts Water Technologies, Inc.
     13.12 Key Innovator
             13.12.1 Bestobell Steam Traps
             13.12.2 Watson Mcdaniel Company

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 154)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (68 Tables)

Table 1 List of Major Secondary Sources
Table 2 Steam Trap Market Size, 2014–2022
Table 3 Market Size, By Product, 2014–2022 (USD Million)
Table 4 Market Size, By Product, 2014–2022 (Million Units)
Table 5 Market Size, By Mechanical Sub-Type, 2014–2022 (USD Million)
Table 6 Market Size, By Mechanical Sub-Type, 2014–2022 (Million Units)
Table 7 Mechanical Market Size, By Body Material, 2014–2022 (USD Million)
Table 8 Ball Float Market Size, By Body Material, 2014–2022 (USD Million)
Table 9 Inverted Bucket Steam Trap Size, By Body Material, 2014–2022 (USD Million)
Table 10 Thermodynamic Steam Trap Size, By Body Material, 2014–2022 (USD Million)
Table 11 Market Size, By Thermostatic Sub-Type, 2014–2022 (USD Million)
Table 12 Market Size, By Thermostatic Sub-Type, 2014–2022 (Million Units)
Table 13 Thermostatic Steam Trap Size, By Body Material, 2014–2022 (USD Million)
Table 14 Balanced Pressure Steam Trap Size, By Body Material, 2014–2022 (USD Million)
Table 15 Bimetallic Steam Trap Size, By Body Material, 2014–2022 (USD Million)
Table 16 Market Size, By Application, 2014–2022 (USD Billion)
Table 17 Market Size, Tracing Application, By End-User Industry, 2014–2022 (USD Million)
Table 18 Market Size, Drip Application, By End-User Industry, 2014–2022 (USD Million)
Table 19 Market Size, Process Application, By End-User Industry, 2014–2022 (USD Million)
Table 20 Steam Trap Market Size, By Body Material, 2014–2022 (USD Million)
Table 21 Steel Market, By Product, 2014–2022 (USD Million)
Table 22 Iron Market, By Product, 2014–2022 (USD Million)
Table 23 Others Market, By Product, 2014–2022 (USD Million)
Table 24 Market Size, By End-User Industry, 2014–2022 (USD Million)
Table 25 Market Size for End-User Industry, By Geography, 2014–2022 (USD Million)
Table 26 Market Size for Chemical Industry, By Geography, 2014–2022 (USD Million)
Table 27 Market for Chemical Industry, By Product, 2014–2022 (USD Million)
Table 28 Market for Chemical Industry, By Mechanical, 2014–2022 (USD Million)
Table 29 Market for Chemical Industry, By Thermostatic, 2014–2022 (USD Million)
Table 30 Steam Trap Market for Chemical Industry, By Application, 2014–2022 (USD Million)
Table 31 Market Size for Energy & Power Industry, By Geography, 2014–2022 (USD Million)
Table 32 Steam Trap Market for Energy & Power Industry, By Product, 2014–2022 (USD Million)
Table 33 Market for Energy & Power Industry, By Mechanical, 2014–2022 (USD Million)
Table 34 Market for Energy & Power Industry, By Thermostatic, 2014–2022 (USD Million)
Table 35 Market for Energy & Power Industry, By Application, 2014–2022 (USD Million)
Table 36 Steam Trap Market Size for Food & Beverages Industry, By Geography, 2014–2022 (USD Million)
Table 37 Steam Trap Market for Food & Beverages Industry, By Product, 2014–2022 (USD Million)
Table 38 Market for Food & Beverages Industry, By Mechanical, 2014–2022 (USD Million)
Table 39 Market for Food & Beverages Industry, By Thermostatic, 2014–2022 (USD Million)
Table 40 Market for Food & Beverages Industry, By Application, 2014–2022 (USD Million)
Table 41 Steam Trap Market Size for Oil & Gas Industry, By Geography, 2014–2022 (USD Million)
Table 42 Steam Trap Market for Oil & Gas Industry, By Product, 2014–2022 (USD Million)
Table 43 Market for Oil & Gas Industry, By Mechanical, 2014–2022 (USD Million)
Table 44 Market for Oil & Gas Industry, By Thermostatic, 2014–2022 (USD Million)
Table 45 Market for Oil & Gas Industry, By Application, 2014–2022 (USD Million)
Table 46 Steam Trap Market Size for Pharmaceutical Industry, By Geography, 2014–2022 (USD Million)
Table 47 Market for Pharmaceutical Industry, By Product, 2014–2022 (USD Million)
Table 48 Market for Pharmaceutical Industry, By Mechanical, 2014–2022 (USD Million)
Table 49 Market for Pharmaceutical Industry, By Thermostatic, 2014–2022 (USD Million)
Table 50 Market for the Pharmaceuticals Industry, By Application, 2014–2022 (USD Million)
Table 51 Steam Trap Market Size for Others Industry, By Geography, 2014–2022 (USD Million)
Table 52 Steam Trap Market for Others Industry, By Product, 2014–2022 (USD Million)
Table 53 Market for Others Industry, By Mechanical, 2014–2022 (USD Million)
Table 54 Market for Others Industry, By Thermostatic, 2014–2022 (USD Million)
Table 55 Market for Others Industry, By Application, 2014–2022 (USD Million)
Table 56 Steam Trap Market, By Geography, 2014–2022 (USD Million)
Table 57 North America Steam Trap, By End-User Industry, 2014–2022, (USD Million)
Table 58 Steam Trap Market in North America, By Country, 2014–2022, (USD Million)
Table 59 Europe Steam Trap Market, By End-User Industry, 2014–2022, (USD Million)
Table 60 Steam Trap Market in Europe, By Country, 2014–2022, (USD Million)
Table 61 APAC Steam Trap Market, By End-User Industry, 2014–2022, (USD Million)
Table 62 Steam Trap Market in APAC, By Country, 2014–2022, (USD Million)
Table 63 RoW Steam Trap Market, By End-User Industry, 2014–2022, (USD Million)
Table 64 Steam Trap Market in RoW, By Country, 2014–2022, (USD Million)
Table 65 Ranking of Key Players in the Steam Trap Market, 2016
Table 66 New Product Launches and Developments, 2015–2017
Table 67 Partnerships, Agreements, Strategic Alliances, Collaborations, 2015–2017
Table 68 Expansions, 2015–2017


List of Figures (75 Figures)

Figure 1 Research Design
Figure 2 Value Chain – Industrial Automation
Figure 3 Bottom-Up Approach to Arrive at the Market Size
Figure 4 Top-Down Approach to Arrive at the Market Size
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Steam Trap Market Size (2017–2022)
Figure 8 Snapshot: Steam Trap Market, By Product
Figure 9 Snapshot: Steam Trap Market, By Application
Figure 10 Snapshot: Steam Trap Market, By Body Material
Figure 11 Snapshot: Steam Trap Market, By End-User Industry
Figure 12 Steam Trap Market, By Geography, 2016
Figure 13 Attractive Growth Opportunities in the Steam Trap Market During the Forecast Period
Figure 14 Mechanical Segment Expected to Hold the Largest Share of the Steam Trap Market in 2017
Figure 15 Tracing Application to Grow at the Highest Rate During the Forecast Period
Figure 16 Steel Body Material is Likely to Witness High Growth Over 2017–2022
Figure 17 Oil & Gas Expected to Hold the Largest Share of the Steam Trap Market in 2017
Figure 18 US to Hold the Largest Size of the Steam Trap Market in 2017
Figure 19 Active Adoption of Steam Traps By End-User Industries to Ramp Up Fuel Savings is Anticipated to Boost the Growth of the Steam Trap Market
Figure 20 Value Chain Analysis: R&D and Manufacturing Phases Add Maximum Value
Figure 21 Steam Trap Market Segmentation, By Product
Figure 22 Mechanical Steam Trap Segment is Anticipated to Lead the Steam Trap Market Between 2017 and 2022
Figure 23 Steam Trap Market Segmentation, By Application
Figure 24 Tracing Application Will Likely Lead the Steam Trap Market Between 2017 and 2022
Figure 25 Steam Trap Market Segmentation, By Body Material
Figure 26 Steel Body Material is Projected to Register the Fastest Growth Between 2017 and 2022
Figure 27 The Oil & Gas Industry Will Likely Lead the Steam Trap Market Between 2017 and 2022
Figure 28 The APAC Region is Anticipated to Witness Highest Growth in the Chemical Industry
Figure 29 North America is Anticipated to Continue Its Dominance Over the Forecast Period
Figure 30 APAC is Projected to Witness Exponential Growth By 2022
Figure 31 North America is Expected to Maintain Its Dominance in the Oil & Gas Industry
Figure 32 The Steam Trap Market for the Pharmaceuticals End-User Industry in APAC is Forecast to Witness the Fastest Growth
Figure 33 North America Accounts for the Highest Market Share in the Steam Trap Market
Figure 34 Geographic Snapshot: Global Steam Trap Market, 2017–2022
Figure 35 APAC is Expected to Register the Highest CAGR Over 2017–2022
Figure 36 Snapshot: Steam Trap Market in North America
Figure 37 US is Anticipated to Witness the Fastest Growth During the Forecast Period
Figure 38 Snapshot: Steam Trap Market in Europe
Figure 39 Germany Likely to Lead the European Steam Trap Market During the Forecast Period
Figure 40 India is Projected to Register the Highest CAGR During the Forecast Period
Figure 41 Middle East Leads the RoW Steam Trap Market
Figure 42 Companies Adopted Acquisitions, Partnerships, Agreements, and Joint Ventures as Key Growth Strategies Between 2015 and 2017
Figure 43 Dive Chart Overview
Figure 44 Market Evolution Framework: Acquisitions, Partnerships, Agreements, and Joint Ventures Fuelled the Growth of the Steam Trap Market
Figure 45 Battle for Market Share: “Acquisitions, Partnerships, Agreements, and Joint Ventures” is the Key Strategy
Figure 46 Spirax-Sarco Engineering PLC: Company Snapshot
Figure 47 Spirax-Sarco Engineering PLC: Product Offering
Figure 48 Spirax-Sarco Engineering PLC: Business Strategy
Figure 49 Pentair PLC: Company Snapshot
Figure 50 Pentair PLC: Product Offering
Figure 51 Pentair PLC: Business Strategy
Figure 52 The Weir Group PLC: Company Snapshot
Figure 53 The Weir Group PLC: Product Offering
Figure 54 The Weir Group PLC: Business Strategy
Figure 55 Flowserve Corporation: Company Snapshot
Figure 56 Flowserve Corporation: Product Offering
Figure 57 Flowserve Corporation: Business Strategy
Figure 58 Circor International, Inc.: Company Snapshot
Figure 59 Circor International, Inc.: Product Offering
Figure 60 Circor International, Inc.: Business Strategy
Figure 61 Emerson Electric Co.: Company Snapshot
Figure 62 Emerson Electric Co.: Product Offering
Figure 63 Emerson Electric Co.: Business Strategy
Figure 64 Schlumberger N.V.: Company Snapshot
Figure 65 Schlumberger N.V.: Product Offering
Figure 66 Schlumberger N.V.: Business Strategy
Figure 67 Thermax Limited: Company Snapshot
Figure 68 Thermax Limited: Product Offering
Figure 69 Thermax Limited: Business Strategy
Figure 70 Velan Inc.: Company Snapshot
Figure 71 Velan Inc.: Product Offering
Figure 72 Velan Inc.: Business Strategy
Figure 73 Watts Water Technologies, Inc.: Company Snapshot
Figure 74 Watts Water Technologies, Inc.: Product Offering
Figure 75 Watts Water Technologies, Inc.: Business Strategy


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