The industry for steam traps is expected to reach USD 4.8 billion in 2025 and grow to USD 9.27 billion in 2035, registering a CAGR of 6.8% during the forecast period. The growth is fuelled by increasing adoption of automation across the oil and gas industry, improving efficiency and minimizing manual operation.
The steam trap industry underwent a major transformation in 2024, driven by the quick uptake of automation in oil and gas refineries and stricter efficiency regulations. Sectors concentrated on minimizing energy usage, and investments in advanced steam trap technology rose as a result. Decoking technologies and fluid catalytic cracking integration in refineries further intensified demand, with manufacturers concentrating on innovation to produce durable, long-lasting, and light-weight steam traps.
By 2025, the industry will pick up a momentum, with an increased infrastructure spending in developing sectors and occurrence of pervasive adoption of smart monitoring systems. Increasing automation capacity will enable companies to optimize fuel economy and minimize operations expenses, reaffirming the value proposition for high-end steam trap solutions. Energy efficiency legislation supporting these elements will further induce take-up by industry segments, such as power generation, chemical, and manufacturing.
| Metric | Value |
|---|---|
| Industry Value (2025E) | USD 4.8 billion |
| Industry Value (2035F) | USD 9.27 billion |
| CAGR (2025 to 2035) | 6.8% |
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The steam trap sector is on a robust growth path, driven by increasing automation in oil and gas, more stringent energy efficiency regulations, and increasing industrial infrastructure investments.
Firms that adopt sophisticated, intelligent steam trap technologies will achieve a competitive advantage through improved efficiency and cost savings, while laggards face operational inefficiencies and regulatory delays. With emerging industries, manufacturing, and power generation leading demand, the sector offers a strategic opportunity for visionary investors and business leaders.
Automate Smart with Competitive Edge
To remain at the forefront in a changing industrial environment, managers need to focus investments on intelligent steam trap solutions with smart monitoring and predictive analytics. These new technologies improve efficiency, reduce energy losses, and provide effortless compliance with strict regulatory requirements.
Align with Sustainability and Regulatory Momentum
With the rigidness in global energy policies, adopting high-efficiency steam trap technologies is no longer a choice but a matter of staying competitive. Business leaders need to take proactive steps to integrate sustainability into their businesses, build regulatory alliances, and establish their companies as energy-saving pioneers.
Enhance Innovation and Strategic Industry Expansion
Future-proofing needs to have a two-pronged emphasis on R&D and international market penetration. Businesses need to expedite the production of next-generation steam traps with self-regulating technology while creating strategic partnerships to widen distribution networks in high-growth sectors.
| Priority | Immediate Action |
|---|---|
| Regulatory Disruptions & Policy Shifts | Create a regulatory intelligence function to foretell policy changes and gain early compliance benefits. |
| Supply Chain Volatility & Strategic Sourcing | Enter into long-term contracts with high-reliability vendors to counteract material shortages and price spikes. |
| Smart Technology Leadership & Market Differentiation | Accelerate rollout of AI-based steam trap analysis to improve competitive positioning and drive operational effectiveness. |
To stay competitive, top priorities should be obtaining early regulatory compliance benefits, reducing supply risk dependencies, and accelerating AI-powered steam trap innovation. CEOs should sign exclusive supplier deals to offset raw material volatility and leverage automation to achieve operational efficiencies.
Predictive analytics integration in steam trap systems will not only improve performance but also generate new revenue streams via service-based models. The strategy now moves towards bold differentiation-that which wins in regulatory flexibility, supply chain mastery, and intelligent technology adoption will set the next stage for the industry.
The industry for steam traps continues to advance, with thermodynamic, mechanical, and thermostatic steam traps defining industrial efficiency. Thermodynamic steam traps are still critical due to their resilience and capability of functioning in high-pressure environments, making them well-suited for power generation and oil refineries.
Mechanical steam traps are becoming popular for their flexibility in the management of changing steam loads, reducing energy loss, and enhancing operational efficiency. Advances in float and inverted bucket designs make them more reliable, further propelling adoption.
Thermostatic steam traps, which are renowned for their accuracy in reacting to temperature changes, are increasingly being used in applications where there is a need for accurate steam regulation. With advancements in automation, intelligent thermostatic traps with predictive maintenance features are poised to revolutionize industrial steam management.
Tracing applications dominate the sector, fueled by their capacity to control pipeline and process equipment temperatures. The segment will grow at a CAGR of 6.4% from 2025 to 2035, with industries concentrating on energy conservation.
In addition, oil and gas, pharmaceutical, and chemical industries depend enormously on applications in tracing to avoid fluid solidification and facilitate smooth process continuity. The use of steam traps in multiple applications is gaining momentum as industries aim at improving the efficiency of energy.
Drip applications continue to play an important role in avoiding condensate accumulation, maintaining maximum steam flow in distribution lines, and avoiding corrosion-caused system failure.
Process applications are seeing growing use as producers incorporate advanced steam trap technologies to maximize heat transfer and reduce energy expenses. The traps improve production efficiency, making them critical for high-precision operations.
Steel continues to be the material of choice for steam trap production because of its greater durability, corrosion resistance, and tolerance to harsh industrial environments. The steel segment is forecast to grow at a CAGR of 6.6% between 2025 and 2035, with advances in material technology propelling long-term growth.
Constant developments in composition of alloys are increasingly improving the performance of steel steam traps, increasing energy efficiency, and lowering maintenance expenses. Iron steam traps continue to have a niche for certain applications, but their usage is restricted as they are prone to corrosion and structural shortcomings. With industries emphasizing operational efficiency and sustainability, demand for quality steel steam traps will continue to grow steadily
The steam trap sector is witnessing heavy demand in many end-user applications, with the oil and gas sector taking the lead because of the imperative for effective steam handling in refining. The power segment comes next by utilizing steam traps to improve the performance of turbines and minimize wastage of energy.
Pharmaceuticals depend on accurate steam control for production and sterilization, and demand for sophisticated steam trap solutions is driven. The food and beverage sector increasingly uses steam traps to ensure hygiene and process consistency in heat-sensitive processes. The pulp and paper industry incorporates steam traps for drying and energy recovery, enhancing sustainability performance.
General industrial use and other industries such as chemicals and textiles still use steam traps for energy optimization.
The United States continues to be a leading player for steam traps, fueled by the fast growth of industrial automation and regulations on energy efficiency. The oil & gas and power generation sectors lead the adoption with the use of sophisticated steam trap technologies for minimizing emissions and maximizing fuel efficiency.
A growing focus on preventive maintenance is also promoting demand for IoT-enabled devices that ensure reliability of operations and reduce downtime. The chemical and pharmaceutical industries also account for considerable contribution, integrating high-performance steam traps to provide tight process control. FMI analysis found that the CAGR of this industry in the USA will be 6.9% from 2025 to 2035.
India's steam trap industry is set to witness strong growth, driven by fast-paced industrialization and rising investments in manufacturing and energy industries. The government's focus on Make in India and energy efficiency programs has hastened the uptake of steam management solutions in power plants, refineries, and food processing facilities.
In addition, small and medium-sized enterprises (SMEs) are now incorporating affordable steam traps to maximize operational efficiency and minimize fuel usage. The rise of smart industrial technologies, such as AI-powered steam management, is opening new avenues for manufacturers. FMI opines that the CAGR of this industry in India will be 7.2% over the forecast period.
China's industrial expansion and government-supported programs to enhance energy efficiency are driving the uptake of steam trap solutions in various industries. Heavy industry expansion, including steel, chemicals, and textiles, is pushing the demand for efficient steam management systems to enhance production efficiency. China's ambitious carbon neutrality plans are also pressuring industries towards energy-efficient steam traps that reduce heat loss and improve sustainability.
Domestic dominance in industry is also supporting demand, specifically in precision-related uses like pharmaceuticals and electronics. Spending on intelligent factories as well as on AI-based predictive maintenance solutions should support adoption levels. FMI analysis found that the CAGR of this industry in China is 7.0% from 2025 to 2035.
The United Kingdom is witnessing consistent growth in the adoption of steam traps, boosted by the government's industrial decarbonization agenda and net-zero ambitions. The manufacturing, food & beverage, and pharmaceutical industries in the country are incorporating high-performance steam traps into their operations to improve process efficiency and meet tight energy policies.
The shift towards hydrogen-based energy solutions is also impacting the industry, with steam trap technologies being fine-tuned for next-generation heating systems. As more focus is being placed on minimizing energy wastage, steam trap uptake in the UK will continue to grow steadily. FMI opines that the CAGR of this industry in the UK is 6.6% from 2025 to 2035.
Germany's manufacturing sector is extensively investing in energy-efficient steam management, spurred by rigid environmental regulations and high-level automation in the manufacturing process. Chemical and automotive sectors are among the leading users of high-performance steam traps that maintain high levels of precise temperature control and minimize energy loss.
Besides, the shift to sustainable energy resources is propelling steam trap demand for renewable energy processes, such as biomass and geothermal facilities. The nation's strong engineering talent and dedication to efficiency are inspiring innovation in the design of steam traps. FMI analysis found that the CAGR of this industry in Germany is 6.5% from 2025 to 2035.
South Korea's steam trap industry is propelled by industrial automation technology and the growing need for intelligent steam management solutions. Its semiconductor and electronics industries, which are among the top contributors to the economy, are incorporating precision steam traps to maximize thermal efficiency in manufacturing processes.
The petrochemical industry is another prime driver, with expansions of refineries requiring top-performing steam traps. Besides, the nation's emphasis on sustainability and renewable energy is also influencing companies to invest in steam traps that reduce wastage of energy. FMI opines that the CAGR of this industry in South Korea is 6.8% from 2025 to 2035.
The industry of steam traps in Japan is transforming with robust emphasis on sustainability, efficiency, and automation. The nation's manufacturing sector has been at the forefront of taking up automated steam traps with remote monitoring to facilitate greater energy optimization. Urban areas are pushing for energy-efficient solutions for steam management through the spread of district heating networks.
Further, the food & beverage industry is investing in smart steam traps to meet hygiene and safety standards. Japan's mission to become carbon neutral is also compelling industries to adopt smart steam trap technologies. FMI analysis found that the CAGR of this industry in Japan is 6.4% from 2025 to 2035.
France's steam trap industry is on the rise with industries focusing on energy conservation and regulatory adherence. The nation's chemical, pharmaceutical, and power generation industries are propelling the demand for energy-efficient steam traps that reduce energy losses. Increasing green industrial policies are forcing companies to adopt automated steam traps in conjunction with real-time monitoring systems.
Moreover, the growing use of renewable energy solutions such as biomass and waste-to-energy facilities is opening up opportunities for steam trap manufacturers. With robust government support for eco-friendly industrial processes, steam trap usage in France will grow consistently. FMI opines that the CAGR of this industry in France is 6.3% from 2025 to 2035.
Italy's steam trap industry is growing as industries are improving their energy efficiency measures. The textile and food processing industries are significant adopters, employing steam traps to maximize production processes while saving costs. The development of smart factories is also helping to fuel the greater adoption of IoT-capable steam traps for real-time performance monitoring.
As the industrial world becomes increasingly focused on green industrial practices, manufacturers are going for the latest generation of steam trap technology with the promise of long-term cost-effectiveness. Italy's demand for energy-saving manufacturing solutions will continue to support consistent industry growth. FMI analysis found that the CAGR of this industry in Italy is 6.2% from 2025 to 2035.
Australia and New Zealand’s steam trap industry is shaped by growing investments in energy efficiency and industrial automation. The mining and power generation sectors are the primary adopters, leveraging steam traps to enhance system reliability and reduce operational costs. The expansion of district heating networks and the push for carbon-neutral energy solutions are further driving adoption.
The food & beverage industry in both countries is increasingly integrating steam traps for process efficiency and regulatory compliance. With a focus on sustainability, the demand for advanced steam trap technologies is set to grow. FMI opines that the CAGR of this industry in Australia & New Zealand is 6.5% from 2025 to 2035.
(Surveyed Q1 2025, n=500 stakeholder participants evenly distributed across manufacturers, industrial plant operators, distributors, and energy consultants in the US, Western Europe, China, Japan, South Korea, and India.)
Priorities of Major Stakeholders
Energy efficiency is the primary concern, with 79% of global stakeholders considering reduction of steam loss as "critical" for cost savings and sustainability. Use of automated steam traps for real-time monitoring of leaks is spreading fast.
Regional Variance:
Adopting Sophisticated Technologies
Trends with high variance were witnessed in the adoption of IoT-capable steam traps.
Convergent and Divergent Views of ROI:
Whereas 69% of USA stakeholders found automation "worth the investment," 35% of Japanese producers were not convinced due to integration issues with older plants.
Material Preferences
Demand for high-durability steam traps is increasing across sectors.
Consensus:
Steel: Preferred by 68% worldwide because of endurance in high-pressure conditions.
Variance:
Price Sensitivity
Purchasing behavior has been influenced by cost pressures because of increasing raw material costs.
Shared Challenges:
86% of the respondents mentioned increasing steel and manufacturing costs as a key concern.
Regional Variations:
Value Chain Pain Points
Manufacturers:
Distributors:
End-Users (Industrial Operators):
Future Investment Priorities
A prominent emphasis on technology developments appeared among stakeholders.
Alignment:
73% of worldwide manufacturers intend to make higher investments in sensor-based steam traps.
Divergence:
Regulatory Impact
Conclusion: Variance vs. Consensus
High Consensus: Energy efficiency, material resilience, and budget restrictions are across-the-board issues.
Key Variances:
Strategic Insight:
Manufacturers must prioritize automation in the West, cost savings in Asia, and hybrid solutions in sectors that are moving toward digital adoption.
| Country | Key Regulations & Mandatory Certifications |
|---|---|
| United States | Energy-saving standards by DOE and EPA make steam traps in industrial applications achieve stringent energy-saving standards. Steam traps for pressure systems must carry ASME and ANSI certifications. |
| India | The Bureau of Energy Efficiency (BEE) is promoting tougher efficiency standards for industrial steam traps in accordance with national carbon savings targets. Manufacturing approval is carried out through IS 5312 certification. |
| China | The China Energy Conservation Law mandates energy efficiency standards for industrial steam traps, with CCC (China Compulsory Certification) for imports and domestic units. |
| United Kingdom | The UK Climate Change Act and Energy Savings Opportunity Scheme (ESOS) require regular steam trap audits for large enterprises. Steam systems must comply with BS 806. |
| Germany | Efficiency of steam trap should comply with DIN EN 12952 and DIN EN 12953 in the interest of energy conservation. More stringent policies for carbon cut under the Federal Climate Protection Act are driving fresh acquisitions. |
| South Korea | Advanced steam trap technology is encouraged under the Energy Use Rationalization Act to reduce industrial emissions. KOSHA certification is necessary to ensure steam system safety compliance. |
| Japan | The Rational Use of Energy Act encourages efficient steam traps for industrial efficiency. JIS B 8231 standards control steam trap quality and performance. |
| France | The French Energy Transition Law requires steam system modernization in industrial facilities, with AFNOR certification necessary to meet national energy policy requirements. |
| Italy | Businesses need to comply with EU Ecodesign Regulations for steam traps, which reduce emissions and enhance efficiency. UNI 11584 standards control steam trap performance. |
| Australia-New Zealand | Australian National Greenhouse and Energy Reporting Act and NZ Energy Efficiency Programme mandate regular steam trap inspection. AS/NZS 3788 steam trap safety in high-pressure systems compliance is mandatory. |
The sector for steam traps is moderately fragmented, with several regional and international players vying for market share. Top companies in the industry are using competitive pricing, technology innovation, strategic alliances, and expansion into new segments to drive their positions.
Energy-efficient and intelligent steam trap solutions are of prime importance, as they meet the increasing demand for sustainable industrial processes. Joint ventures with local distributors and service providers are also prevalent, as they improve segment reach and customer support.
Recent updates have it that Emerson Electric Co. has made a move to acquire Fluxa, a life sciences software company, to support its automation offerings. The action is meant to enhance operating efficiency and move further into industrial automation.
Spirax-Sarco Engineering has also released a new series of steam traps with built-in monitoring systems to support energy efficiency and less maintenance for industrial consumers. These developments reflect the industry's focus on innovation and strategic growth to meet evolving industry demands.
Spirax-Sarco Engineering - ~25-30%
A global industry leader in steam management solutions, including steam traps.
Emerson Electric Co. - ~20-25%
Renowned for its Armstrong brand, a leading player in steam trap technology.
TLV CO., LTD. - ~15-20%
Specializes in steam engineering solutions, including high-quality steam traps.
Flowserve Corporation - ~10-15%
Offers a comprehensive range of flow control products, including steam traps.
Thermax Limited - ~5-10%
A leading player in energy and environmental solutions, including steam systems.
Velan Inc. - ~5-8%
Recognized for its steam trap and valve solutions in industrial use.
Increased automation of industrial processes, more stringent energy efficiency requirements, and technological advancements in smart monitoring are spurring the installation of next-generation steam traps.
Industry leaders are using IoT integration, predictive maintenance features, and advanced materials to improve efficiency, minimize downtime, and provide long-term cost savings.
High-performance steam traps are top of mind among energy-intensive processes like oil & gas, power generation, and pharmaceuticals in order to streamline operations and satisfy regulatory requirements.
Diverse regulatory requirements, expensive maintenance, and supply chain disruptions persist as major pain points for manufacturers, driving them to innovate and optimize production.
Tighter emissions standards and energy-saving programs are driving companies to invest in intelligent steam traps, speeding up adoption and innovation.
Thermodynamic, Mechanical, Thermostatic
Drip Application, Process Application, Tracing Application
Steel, Iron
Oil & Gas, Power Industry, Pharmaceuticals, Food & Beverage, Pulp & Paper, General Industry, Others
North America, Latin America, Europe, Asia Pacific, MEA
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Steam Trap Market
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