The steam trap market is expected to increase from US$ 4.2 billion in 2023 to US$ 8 billion in 2033. The steam traps industry is expected to capture a CAGR of 6.8% over the forecast period.
One of the primary factors surging the market growth for the steam trap is the increase in automation in the oil and gas industry worldwide. The increase in stringent requirements set by regulatory authorities to improve industrial efficiency and minimize costs. As well as the surge in demand for robust and lightweight steam traps with a longer shelf life.
The use of decoking technologies and fluid catalytic cracking in oil and gas refineries to separate a small amount of steam from the hydrogen in coke, as well as end-user businesses actively implementing steam traps to increase fuel savings, impact the market. Research and development activities, increased investment, and the oil and gas sector's expansion all favorably impact the steam trap business.
Increased investment in power infrastructure in emerging economies creates attractive prospects for market participants from 2023 to 2033. High maintenance and operational costs, as well as the presence of strict regulations, are projected to hamper market expansion. Difficulties with discomfort, particularly with large capacity, are anticipated to affect the steam trap market.
Expanding industrial sectors in developing economies create lucrative opportunities for steam trap manufacturers.
Integrating smart monitoring and control features drives the adoption of advanced steam traps.
Growing awareness about the benefits of steam trap maintenance drives market demand.
Increasing investments in infrastructure projects support the steam trap industry.
The rising focus on sustainable practices leads to the adoption of steam traps in various sectors.
Market (2023 to 2033)
Market CAGR
6.8%
Market Size – 2023
US$ 4.2 billion
Market Size – 2033
US$ 8 billion
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Historical Comparison of the Steam Trap Industry between 2018 to 2022 and 2023 to 2033
From 2018 to 2022, the steam trap industry had considerable growth and improvements. Industrial activity increased significantly during this time, particularly in the oil and gas, chemicals, and power generation sectors.
Demand for steam traps increased as these businesses emphasized energy efficiency and sustainability. Steam trap manufacturers responded by creating creative and technologically advanced steam trap solutions, which improved overall performance while lowering maintenance costs.
The steam trap business is expected to maintain its current growth rate. The demand for steam traps may continue to rise as enterprises strive for greater energy saving and operational efficiency. Emerging industries such as renewable energy and healthcare are expected to contribute to market growth for the steam trap.
With continued research and development efforts, steam trap manufacturers may create more sophisticated and automated solutions to meet the changing needs of industries.
The Role of Steam Traps in Energy Conservation and Cost Reduction
The rising need for energy-efficient solutions across various industries fuels the market growth for steam traps. By efficiently eliminating condensate and reducing steam leakage, steam traps are essential for optimizing steam systems. The demand for steam traps is becoming increasingly important as industries work to improve energy efficiency and lower operating costs.
The steam trap industry is growing due to strict environmental sustainability and energy conservation laws. Industries are investing in steam trap systems due to the growing focus on process optimization, and the desire to reduce carbon footprints fuels the market growth of steam traps.
Find your sweet spots for generating winning opportunities in this market.
From Steam to Sustainability: Overcoming Obstacles in the Evolving Steam Trap Industry
The rising use of alternative energy sources and technologies is one of the factors limiting the steam trap business. There is a move towards renewable energy and energy-efficient systems as businesses and organizations try to lessen their carbon footprint and adopt more sustainable practices. Since steam traps are most frequently employed in conventional steam-based systems, this move presents a problem for the steam trap business.
As businesses investigate and invest in alternative heating and energy solutions, the steam trap business could fall. Steam trap manufacturers must adapt to the changing market dynamics and diversify their product lines to stay competitive.
Emerging Market Boom: Lucrative Opportunities in the Steam Trap Market
There is a rising need for steam traps that can efficiently reduce energy losses in steam systems due to the increased focus on energy efficiency. Steam trap manufacturers now have a lucrative chance to innovate and deliver cutting-edge steam trap technologies.
A sizable market is created by the growth of businesses like oil and gas, chemicals, and food processing in emerging markets. Steam traps that can reduce greenhouse gas emissions are required due to strict rules on emissions and environmental sustainability. The steam trap business is anticipated to increase significantly and has several potentials for companies to prosper.
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Comparative View of the Adjacent Steam Trap Industry
Steam Trap Market:
Attributes
Steam Trap Market
CAGR (From 2023 to 2033)
6.8%
Market Value (2023)
US$ 4.2 billion
Growth Factor
Increasing adoption of steam traps for energy conservation surges market growth for steam traps.
Opportunity
Rising demand for steam traps in industrial applications fuels market expansion for steam traps.
Key Trends
Growing emphasis on reducing operational costs boosts the market.
Steam Turbine Market:
Attributes
Steam Turbine Market
CAGR (From 2023 to 2033)
3.5%
Market Value (2023)
US$ 26.99 billion
Growth Factor
Growing demand for clean energy sources is escalating the steam turbine market.
Opportunity
Increasing emphasis on renewable power generation favors the growth of steam turbines.
Key Trends
Technological advancements in steam turbine design enhance efficiency and performance.
Steam Autoclaves Market:
Attributes
Steam Autoclaves Market
CAGR (From 2023 to 2033)
9.4%
Market Value (2023)
US$ 2.88 billion
Growth Factor
Increasing demand for healthcare sterilization drives the steam autoclave market.
Opportunity
Technological advancements and improved efficiency fuel steam autoclave adoption.
Advancements in Energy Conservation: Innovations in the North America Steam Trap Market
Attributes
Details
United States Market Size - 2033
US$ 1.2 billion
United States Market Absolute Dollar Growth
US$ 507.5 million
CAGR % 2018 to 2022
1.2%
CAGR % 2023 to 2033
5.6%
The power generation, oil and gas, chemicals, and food processing industries are just a few of the industries that heavily rely on the North American steam trap business. For steam systems to operate effectively and continuously, condensate and non-condensable gases must be removed using steam traps. The steam trap business in North America has expanded significantly in recent years due to the growing demand for energy-efficient products and the need to save operating expenses. Steam trap manufacturers are concentrating on creating sophisticated technologies that offer more energy savings, increased dependability, and improved steam quality management. Due to a strong industrial sector and the adoption of strict energy efficiency rules, the United States and Canada account for most market growth in the North American steam trap industry. The growth of end-use businesses and continued investments in infrastructure development are other factors. Leading North American steam trap market companies are constantly involved in product innovation, strategic alliances, and mergers to obtain a competitive edge. Overall, companies are placing a high priority on energy conservation and are looking for steam systems with the best performance.
European Industries Embrace Steam Traps for Improved Efficiency and Reliability
Attributes
Details
United Kingdom Market Size - 2033
US$ 212.7 million
United Kingdom Market Absolute Dollar Growth
US$ 84.4 million
CAGR % 2018 to 2022
0.3%
CAGR % 2023 to 2033
5.2%
The steam trap market in Europe is expanding steadily, which is expected to continue. By removing condensate and limiting steam loss, steam traps are essential for preserving the effectiveness and dependability of steam systems. The rising use of steam traps in various industries, including food processing, chemicals, and power generation, as well as the emphasis on energy conservation and operational efficiency, fueling the market's expansion. The demand in the European steam trap industry is being driven by strict rules pertaining to sustainability and energy efficiency.
Capturing the Steam Trap Market in Asia Pacific: Opportunities and Challenges
Attributes
China Market
Market Size - 2033
US$ 2.1 billion
Market Absolute Dollar Growth
US$ 1.2 billion
CAGR % 2018 to 2022
6.2%
CAGR % 2023 to 2033
8.2%
Attributes
Japan Market
Market Size - 2033
US$ 1.4 billion
Market Absolute Dollar Growth
US$ 697.5 million
CAGR % 2018 to 2022
5.2%
CAGR % 2023 to 2033
7.0%
Attributes
South Korea Market
Market Size - 2033
US$ 508.0 million
Market Absolute Dollar Growth
US$ 254.4 million
CAGR % 2018 to 2022
5.5%
CAGR % 2023 to 2033
7.2%
Due to factors like infrastructure expansion and the rising need for energy-efficient solutions, the Asia Pacific steam trap market is expanding significantly. Steam traps are essential components used in steam systems to remove condensate and stop energy loss. Steam traps are needed to optimize energy consumption and save operating costs in the region's expanding sectors, which include oil & gas, chemicals, and power generation. Adopting strict rules and the rising awareness of environmental sustainability are other factors spurring the market growth for the steam trap. To keep a competitive edge, prominent players in the Asia Pacific steam trap industry are actively focused on product innovation and strategic alliances.
Category-wise Insights
Steel's Steadfast Legacy: Ensuring Optimal Performance in Steam Systems
Attributes
Details
Top Material
Steel
CAGR % 2018 to 2022
4.0%
CAGR % 2023 to 2033
6.6%
The steam trap industry uses the steel segment most frequently in terms of material because the steam traps' steel bodies can survive freeze-ups without causing harm to the steam system. Steel helps steam traps operate more efficiently, saves energy, and lowers production costs. Steel as a body material offers the whole steam system increased durability, cost-effectiveness, reliability, and design flexibility. It also has benefits for the environment, such as recyclability. The steel segment is expected to maintain its lead throughout the projected period.
Tracing the Future: Steam Trap Market Soars with Dominance of Tracing Applications
Attributes
Details
Top Application
Tracing Application
CAGR % 2018 to 2022
3.9%
CAGR % 2023 to 2033
6.4%
The tracing application category dominates the global market. The use of steam to subtly raise a process or product's temperature is referred to as a steam tracing application.
For both essential services and common steam lines, tracing applications are used. This means that during the forecast period, the tracing application category may increase at a swift rate.
How can Manufacturers Scale their Businesses in the Steam Trap Market?
To scale their businesses in the market, steam trap manufacturers can consider the following top five strategies:
Product Diversification: Expand the range of steam trap products to cater to different customer needs and industries.
Research and Development: Invest in innovation to develop new steam trap technologies and improve existing products.
Market Expansion: Target new geographical markets and adapt products to meet local requirements.
Strategic Partnerships: Collaborate with industry players to offer comprehensive solutions to customers.
Marketing and Branding: Develop a strong brand presence through effective marketing strategies and build a reputation for reliability and quality.
Competitive Landscape
Multiple companies that offer identical products or services often compete in any market. Several steam trap manufacturers and suppliers compete to produce solutions that satisfy various industries' needs.
Product quality, performance, dependability, energy efficiency, cost-effectiveness, and customer service are driving factors in the steam trap market. Companies distinguish themselves by providing unique features, superior technologies, and customized solutions to fit the needs of specific customers. They may offer extra maintenance, training, and technical support to acquire a competitive advantage.
Pivotal Steam Trap Manufacturers
Armstrong International Inc.
Miyawaki Inc.
Emerson Electric Co.
Pentair
Spirax-Sarco Engineering plc
CIRCOR International, Inc.
The Weir Group
Flowserve
Hawa Engineers Ltd.
Bestobell Steam Traps
Thermal Energy International Inc.
Bell & Gossett
Schlumberger
Velan Inc.
Marck & Care Engineers Ltd.
Recent Developments and Breakthroughs
Company
Strategy
Richards Industrials
Equilibar LLC: Pioneers in Back Pressure, Vacuum, and Electronic Regulation
Yarway Steam Traps
Spartan Controls Becomes Western Canada Representative for Yarway Steam Traps
Company
Details
Richards Industrials
Equilibar LLC was acquired by Richards Industrials in 2021, a maker of valves, regulators, and other flow control equipment. Equilibar LLC offers a wide selection of back pressure, vacuum, electronic regulators, unique valves, and other fluid control devices.
Yarway Steam Traps
Yarway Steam Traps, a product brand that Emerson Electric Co. purchased from the Valves & Controls business segment of Pentair, were represented in Western Canada by Spartan Controls as of 2019. Yarway steam trap and strainer products are to be supported by Spartan Controls as their representative.
Key Segments
By Product:
Thermodynamic
Mechanical
Thermostatic
By Application:
Drip Application
Process Application
Tracing Application
By Material:
Steel
Iron
By End User:
Oil & Gas
Power Industry
Pharmaceuticals
Food & Beverage
Pulp & Paper
General Industry
Others
By Region:
North America
Latin America
Europe
Asia Pacific
The Middle East and Africa
Frequently Asked Questions
What is the Growth Outlook for Steam Trap Market?
The steam trap industry is likely to secure a CAGR of 6.8% through 2033.
What is the Current Valuation of the Steam Trap Market?
The steam trap industry is likely to record a value of US$ 4.2 billion in 2023.
By 2032, how much can the Steam Trap Industry Grow?
The steam trap market is estimated to surpass US$ 8 billion by 2033.
Which Region is likely to Lead the Steam Trap Market?
North America is likely to lead the steam trap industry.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Thermodynamic
5.3.2. Mechanical
5.3.3. Thermostatic
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Drip Application
6.3.2. Process Application
6.3.3. Tracing Application
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2023 to 2033
7.3.1. Steel
7.3.2. Iron
7.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-User, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-User, 2023 to 2033
8.3.1. Oil & Gas
8.3.2. Power Industry
8.3.3. Pharmaceuticals
8.3.4. Food & Beverage
8.3.5. Pulp & Paper
8.3.6. General Industry
8.3.7. Others
8.4. Y-o-Y Growth Trend Analysis By End-User, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End-User, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. U.S.
10.2.1.2. Canada
10.2.2. By Product
10.2.3. By Application
10.2.4. By Material
10.2.5. By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Application
10.3.4. By Material
10.3.5. By End-User
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Product
11.2.3. By Application
11.2.4. By Material
11.2.5. By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Application
11.3.4. By Material
11.3.5. By End-User
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. U.K.
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Product
12.2.3. By Application
12.2.4. By Material
12.2.5. By End-User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Application
12.3.4. By Material
12.3.5. By End-User
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Singapore
13.2.1.5. Thailand
13.2.1.6. Indonesia
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of Asia Pacific
13.2.2. By Product
13.2.3. By Application
13.2.4. By Material
13.2.5. By End-User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Application
13.3.4. By Material
13.3.5. By End-User
13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Product
14.2.3. By Application
14.2.4. By Material
14.2.5. By End-User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By Application
14.3.4. By Material
14.3.5. By End-User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Product
15.1.2.2. By Application
15.1.2.3. By Material
15.1.2.4. By End-User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Product
15.2.2.2. By Application
15.2.2.3. By Material
15.2.2.4. By End-User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Product
15.3.2.2. By Application
15.3.2.3. By Material
15.3.2.4. By End-User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Product
15.4.2.2. By Application
15.4.2.3. By Material
15.4.2.4. By End-User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Product
15.5.2.2. By Application
15.5.2.3. By Material
15.5.2.4. By End-User
15.6. U.K.
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Product
15.6.2.2. By Application
15.6.2.3. By Material
15.6.2.4. By End-User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Product
15.7.2.2. By Application
15.7.2.3. By Material
15.7.2.4. By End-User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Product
15.8.2.2. By Application
15.8.2.3. By Material
15.8.2.4. By End-User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Product
15.9.2.2. By Application
15.9.2.3. By Material
15.9.2.4. By End-User
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Product
15.10.2.2. By Application
15.10.2.3. By Material
15.10.2.4. By End-User
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Product
15.11.2.2. By Application
15.11.2.3. By Material
15.11.2.4. By End-User
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Product
15.12.2.2. By Application
15.12.2.3. By Material
15.12.2.4. By End-User
15.13. Singapore
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Product
15.13.2.2. By Application
15.13.2.3. By Material
15.13.2.4. By End-User
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Product
15.14.2.2. By Application
15.14.2.3. By Material
15.14.2.4. By End-User
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Product
15.15.2.2. By Application
15.15.2.3. By Material
15.15.2.4. By End-User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Product
15.16.2.2. By Application
15.16.2.3. By Material
15.16.2.4. By End-User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Product
15.17.2.2. By Application
15.17.2.3. By Material
15.17.2.4. By End-User
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Product
15.18.2.2. By Application
15.18.2.3. By Material
15.18.2.4. By End-User
15.19. South Africa
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Product
15.19.2.2. By Application
15.19.2.3. By Material
15.19.2.4. By End-User
15.20. Israel
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Product
15.20.2.2. By Application
15.20.2.3. By Material
15.20.2.4. By End-User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By Application
16.3.4. By Material
16.3.5. By End-User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Weir Group PLC
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Watson Mcdaniel Company
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Tunstall Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Emerson Electric Co.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Schlumberger N.V.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Watts Water Technologies, Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Tlv International, Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Spirax-Sarco Engineering PLC
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Pentair PLC
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Flowserve Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Circor International, Inc.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. Thermax Limited
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
17.1.13. Velan Inc.
17.1.13.1. Overview
17.1.13.2. Product Portfolio
17.1.13.3. Profitability by Market Segments
17.1.13.4. Sales Footprint
17.1.13.5. Strategy Overview
17.1.13.5.1. Marketing Strategy
17.1.13.5.2. Product Strategy
17.1.13.5.3. Channel Strategy
17.1.14. Armstrong International Inc.
17.1.14.1. Overview
17.1.14.2. Product Portfolio
17.1.14.3. Profitability by Market Segments
17.1.14.4. Sales Footprint
17.1.14.5. Strategy Overview
17.1.14.5.1. Marketing Strategy
17.1.14.5.2. Product Strategy
17.1.14.5.3. Channel Strategy
17.1.15. Miyawaki Inc.
17.1.15.1. Overview
17.1.15.2. Product Portfolio
17.1.15.3. Profitability by Market Segments
17.1.15.4. Sales Footprint
17.1.15.5. Strategy Overview
17.1.15.5.1. Marketing Strategy
17.1.15.5.2. Product Strategy
17.1.15.5.3. Channel Strategy
17.1.16. Hawa Engineers Ltd.
17.1.16.1. Overview
17.1.16.2. Product Portfolio
17.1.16.3. Profitability by Market Segments
17.1.16.4. Sales Footprint
17.1.16.5. Strategy Overview
17.1.16.5.1. Marketing Strategy
17.1.16.5.2. Product Strategy
17.1.16.5.3. Channel Strategy
17.1.17. Bestobell Steam Traps
17.1.17.1. Overview
17.1.17.2. Product Portfolio
17.1.17.3. Profitability by Market Segments
17.1.17.4. Sales Footprint
17.1.17.5. Strategy Overview
17.1.17.5.1. Marketing Strategy
17.1.17.5.2. Product Strategy
17.1.17.5.3. Channel Strategy
17.1.18. Thermal Energy International Inc.
17.1.18.1. Overview
17.1.18.2. Product Portfolio
17.1.18.3. Profitability by Market Segments
17.1.18.4. Sales Footprint
17.1.18.5. Strategy Overview
17.1.18.5.1. Marketing Strategy
17.1.18.5.2. Product Strategy
17.1.18.5.3. Channel Strategy
17.1.19. Esco India
17.1.19.1. Overview
17.1.19.2. Product Portfolio
17.1.19.3. Profitability by Market Segments
17.1.19.4. Sales Footprint
17.1.19.5. Strategy Overview
17.1.19.5.1. Marketing Strategy
17.1.19.5.2. Product Strategy
17.1.19.5.3. Channel Strategy
17.1.20. Neta Valves Pvt. Ltd.
17.1.20.1. Overview
17.1.20.2. Product Portfolio
17.1.20.3. Profitability by Market Segments
17.1.20.4. Sales Footprint
17.1.20.5. Strategy Overview
17.1.20.5.1. Marketing Strategy
17.1.20.5.2. Product Strategy
17.1.20.5.3. Channel Strategy
18. Assumptions & Acronyms Used19. Research Methodology
