2018-2023 Global Steam Traps Consumption Market Report
NxtGen Reports recently added a new market research report in its offerings titled, "2018-2023 Global Steam Traps Consumption Market Report".
(EMAILWIRE.COM, August 27, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Steam Traps market for 2018-2023.
A Steam Trap is an automatic valve that allows condensate, air and other non-condensable gases to be discharged from the steam system while holding or trapping the steam in the system. In industry, steam is used regularly for heating or as a driving force for mechanical power. Steam Traps are used in such applications to ensure that steam is not wasted.
In the coming years there is an increasing demand for Steam Traps in the regions of United States and Europe that is expected to drive the market for more advanced Steam Traps. Growth in government budgets in the principal countries, increasing of oil & petrochemical fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Steam Traps will drive growth in United States and Europe markets.
Globally, the Steam Traps industry market is concentrated as the manufacturing technology of Steam Traps is relatively matures than some high-tech equipment. And some enterprises, like Spirax Sarco, Armstrong, Pentair, etc. are well-known for the wonderful performance of their Steam Traps and related services. At the same time, North America, occupied 29.23% production market share in 2016, is remarkable in the global Steam Traps industry because of their market share and technology status of Steam Traps.
Over the next five years, this report projects that Steam Traps will register a 3.1% CAGR in terms of revenue, reach US$ 1750 million by 2023, from US$ 1460 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Steam Traps market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Segmentation by application:
Oil & Petrochemical
Power Industry
Pharmaceutical
Food & Beverage
Pulp & Paper
General Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Spirax Sarco
Armstrong
Pentair
Velan
TLV
Flowserve
Circor
Cameron
Yoshitake
Steriflow
Yingqiao Machinery
Hongfeng Mechanical
MIYAWAKI
Tunstall Corporation
DSC
Chenghang Industrial Safety
Watson McDaniel
Lonze Valve
ARI
Water-Dispersing Valve
Shanghai Hugong
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Steam Traps consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Steam Traps market by identifying its various subsegments.
Focuses on the key global Steam Traps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Steam Traps with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Steam Traps submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
To get Free Sample or to Buy this report at discounted price click here: https://www.nxtgenreports.com/market-research-reports/2018-2023-global-steam-traps-consumption-market
If you have any special requirements, kindly Contact Us and we will offer you the report as you want.
About NxtGen Reports: NxtGen Reports delivers strategic market research reports, industry analysis, business research and forecasts on product, services and companies. We understand the need of our customers and keep our market research reports up to date. Our reports are very well organized enabling our customers to identify and get access easily. We also offer customized discounts based on your expectations.
Contact Information:
Madhuri Vetal
NxtGen Reports
Email: sales@nxtgenreports.com
Phone: +918551022388
More Report at: https://www.nxtgenreports.com/market-research-reports
A Steam Trap is an automatic valve that allows condensate, air and other non-condensable gases to be discharged from the steam system while holding or trapping the steam in the system. In industry, steam is used regularly for heating or as a driving force for mechanical power. Steam Traps are used in such applications to ensure that steam is not wasted.
In the coming years there is an increasing demand for Steam Traps in the regions of United States and Europe that is expected to drive the market for more advanced Steam Traps. Growth in government budgets in the principal countries, increasing of oil & petrochemical fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Steam Traps will drive growth in United States and Europe markets.
Globally, the Steam Traps industry market is concentrated as the manufacturing technology of Steam Traps is relatively matures than some high-tech equipment. And some enterprises, like Spirax Sarco, Armstrong, Pentair, etc. are well-known for the wonderful performance of their Steam Traps and related services. At the same time, North America, occupied 29.23% production market share in 2016, is remarkable in the global Steam Traps industry because of their market share and technology status of Steam Traps.
Over the next five years, this report projects that Steam Traps will register a 3.1% CAGR in terms of revenue, reach US$ 1750 million by 2023, from US$ 1460 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Steam Traps market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Mechanical Trap
Thermostatic Trap
Thermodynamic Trap
Segmentation by application:
Oil & Petrochemical
Power Industry
Pharmaceutical
Food & Beverage
Pulp & Paper
General Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Spirax Sarco
Armstrong
Pentair
Velan
TLV
Flowserve
Circor
Cameron
Yoshitake
Steriflow
Yingqiao Machinery
Hongfeng Mechanical
MIYAWAKI
Tunstall Corporation
DSC
Chenghang Industrial Safety
Watson McDaniel
Lonze Valve
ARI
Water-Dispersing Valve
Shanghai Hugong
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Steam Traps consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Steam Traps market by identifying its various subsegments.
Focuses on the key global Steam Traps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Steam Traps with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Steam Traps submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
To get Free Sample or to Buy this report at discounted price click here: https://www.nxtgenreports.com/market-research-reports/2018-2023-global-steam-traps-consumption-market
If you have any special requirements, kindly Contact Us and we will offer you the report as you want.
About NxtGen Reports: NxtGen Reports delivers strategic market research reports, industry analysis, business research and forecasts on product, services and companies. We understand the need of our customers and keep our market research reports up to date. Our reports are very well organized enabling our customers to identify and get access easily. We also offer customized discounts based on your expectations.
Contact Information:
Madhuri Vetal
NxtGen Reports
Email: sales@nxtgenreports.com
Phone: +918551022388
More Report at: https://www.nxtgenreports.com/market-research-reports
Contact Information:
NxtGen Reports
Madhuri Vetal
Tel: +918551022388
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
NxtGen Reports
Madhuri Vetal
Tel: +918551022388
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results