Steam Trap Market Size, Share, and Industry Analysis By Type (Thermodynamic Steam Traps, Mechanical Steam Traps, and Thermostatic Steam Traps), By Material (Cast Iron, Steel, and Others), By End User Industries (Oil & Gas, Power Utilities, Chemicals & Petrochemicals, Food & Beverages, Mining, Pharmaceuticals, and Others), and Regional Forecast, 2025-2032

The global steam trap market, essential for removing condensate and preventing steam loss in industrial systems, is growing rapidly due to rising energy efficiency demands, industrial expansion, and technological advancements like IoT integration, with North America leading and Asia-Pacific emerging as the fastest-growing region.

• According to Statistics Canada, 212 Number of failed steam traps were reported in Canada in 2023.

Steam Trap Market Driver

Energy Efficiency and Sustainability, Industrial Growth, Technological Advancements to Foster the Demand for Steam Trap

The growing emphasis on energy efficiency and sustainability fosters steam traps, minimizing steam loss while helping industries reduce energy consumption and carbon footprints and operate at optimum costs across various applications worldwide.

With industrial developments in full bloom, particularly in oil & gas, chemicals, food & beverage, and pharmaceuticals, the demand for steam traps has risen because this device ensures process efficiency and reduces downtime and, in some cases, safe and reliable steam system operations.

Owing to IoT sensors and automation, modern steam systems can now be analyzed automatically, increasing operation efficiency, preventing failures, and yielding better steam performance in factories.

Steam Trap Market Restraint

High Initial Investment and Maintenance Costs, Lack of Awareness may Affect Market Expansion

The high upfront and recurring costs involved in steam trapping make it out of reach for a lot of businesses. A lot of funds and continuous expenses can act as barriers, especially for companies with modest budgets.

Lack of information about the advantages of steam trap systems is preventing market growth in some places. Because of a lack of information on energy savings and process efficiency, businesses fail to adopt advanced steam trapping technologies, which could greatly benefit their industrial processes.

Steam Trap Market Opportunity

Retrofitting and Modernization, Smart Steam Traps to Offer New Growth Avenues

As more established industries require retrofitting and modernization, the steam trap industry is set to benefit from strong growth. Replacing old systems with new ones helps improve energy efficiency and ensure stability, which encourages the use of modern steam trap hardware worldwide.

Smart steam traps connected to the internet provide exciting prospects for improvement. With these machines, steam system performance can be closely tracked in real time, and upgrades made before any breakdowns occur, resulting in greater energy savings.

Segmentation

Key Insights

The report covers the following key insights:

• Global and regional demand trends for steam traps across major industrial hubs
• Energy consumption and efficiency statistics in key sectors
• Technological innovations and adoption rates, including IoT integration
• Strategic initiatives by leading manufacturers such as mergers and partnerships
• Overview of environmental regulations and energy efficiency policies impacting the market

Analysis by Type

By Type, the Steam Trap Market is divided into Thermodynamic Steam Traps, Mechanical Steam Traps, and Thermostatic Steam Traps.

Thermodynamic steam traps have had a surge in popularity due to some of their biggest benefits-being fast to install, taking up very little room, and working under high pressure. Being a great steam controller, this particular application finds purpose in the petrochemical and power generation fields. Many customers like to go for thermodynamic steam traps because they can safely and efficiently operate in high-pressure systems.

Now steam traps are in demand as they remove condensate and conserve energy costs. Such materials find use in the given fields, as they work at very high pressures.

Analysis by Material

Based on Material, the Steam Trap Market is subdivided into Cast Iron, Steel, and Others.

Cast iron traps are popular because they are cheap and perform adequately for limited or average pressure systems. These tubes are preferred by many industries as they are corrosion-resistant and have some strength; such industries include heating, ventilation, and air-conditioning.

Because of increased demand, steel steam traps are used for applications with very high pressures and temperatures. Withstanding rugged conditions makes these steel products fit for use in power and chemical plants and the oil and gas industry. Steel is preferred as it affords good strength with corrosion resistance and heat resistance for durable performance and reliable operation even in extreme conditions. Moreover, steel steam traps offer greater durability, low costs in terms of maintenance, and timely condensate discharge, which are significant in enhancing industrial processes.

Analysis by End User Industries

By End User Industries, the Steam Trap Market is fragmented into Oil & Gas, Power Utilities, Chemicals & Petrochemicals, Food & Beverages, Mining, Pharmaceuticals, and Others.

The oil and gas industries deal with condensate removal and energy preservation, so steam traps are often employed. Steam traps are used in various high-pressure operations to resolve issues related to operating and safety conditions. The oil and gas industry remains majorly prominent because of the uses of steam in different refining, processing, and oil recovery activities.

Steam traps are quite important for the efficiency of steam cycles at power plants. Good consideration of the monitoring of steam traps enables better efficiency, energy savings, and smoother system operation.

Regional Analysis

Based on region, the Steam Trap Market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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In 2025, North America is estimated to hold a higher than 36.4% share of the steam trap market due to heavier steam usage in oil & gas, power, and pharmaceutical sections; infrastructure projects; and the presence of such manufacturers.

Europe enjoys a reasonable size of the steam traps market, fueled by the rising adoption of steam-based heating and cooling systems and an increased focus on industrial energy efficiency, especially in developed economies where stringent environmental regulations and advanced manufacturing sectors lie.

Rapid growth of the Asia Pacific market is backed by increasing industrialization and a surge in chemical and manufacturing output, as well as high demand for energy for infrastructure setup and factories in countries like China and India.

Key Players Covered

The report includes the profiles of the following key players:

• Spirax Sarco (U.K.)
• Armstrong International (U.S.)
• Circor International, Inc. (U.S.)
• TLV Co., Ltd. (Japan)
• Thermax Limited (India)
• Velan Inc. (U.S.)
• Flowserve Corporation (U.S.)
• Pentair plc (U.S.)
• Xylem Inc. (U.S.)
• Emerson Electric Co. (U.S.)

Key Industry Developments

• In 2025, Armstrong International Inc. (US) purchased HygroTemp (Netherlands) to support its services in steam technology.
• In July 2024, in Tokyo, TLV CO., LTD entered the Indian market by founding TLV India Pvt. Ltd. to reinforce their presence and improve services to customers.
• In January of 2024, Watts (US) acquired Josam (US) to offer its customers the innovative Josam drainage and plumbing products and expand its market share.