Global Steam Trap Monitor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Wired and Wireless.

By Trap Type;

Mechanical Traps (Inverted Bucket & Float and Thermostatic), Thermodynamic Traps, Venturi Or Orifice Traps and Thermostatic Traps.

By Material Type;

Steel, Iron and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn367279998 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Steam Trap Monitor Market (USD Million), 2021 - 2031

In the year 2024, the Global Steam Trap Monitor Market was valued at USD 4,744.06 million. The size of this market is expected to increase to USD 6,385.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global steam trap monitor market has witnessed significant growth in recent years, driven by increasing adoption of steam traps across various industries. Steam traps play a crucial role in efficiently removing condensate and non-condensable gases from steam systems, thereby improving energy efficiency and reducing operational costs. As industries continue to focus on optimizing energy consumption and enhancing operational efficiency, the demand for steam trap monitors has surged. These monitors provide real-time data on steam trap performance, enabling proactive maintenance and minimizing energy losses due to faulty traps.

Key factors driving the market include stringent regulations promoting energy conservation, alongside the need for reducing greenhouse gas emissions. Governments and regulatory bodies worldwide are encouraging industries to adopt energy-efficient solutions like steam traps, thus bolstering the market growth. Moreover, advancements in sensor technologies and data analytics have enhanced the capabilities of steam trap monitors, enabling predictive maintenance and reducing downtime. Industries such as oil & gas, chemicals, food & beverages, and pharmaceuticals are increasingly integrating steam trap monitors into their operations to ensure reliable and efficient steam system performance.

The market is also witnessing innovations such as wireless steam trap monitors, which offer ease of installation and flexibility in monitoring remote or hard-to-reach steam traps. These advancements are further propelling market expansion, particularly in sectors where continuous steam supply is critical for operations. As companies strive to achieve sustainability goals and improve productivity, the adoption of steam trap monitors is expected to continue growing, fostering a competitive landscape among key players offering advanced monitoring solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Trap Type
    3. Market Snapshot, By Material Type
    4. Market Snapshot, By Region
  4. Global Steam Trap Monitor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy efficiency initiatives
        2. Industrial automation trends
      2. Restraints
        1. High initial costs
        2. Integration complexities
      3. Opportunities
        1. Growth in manufacturing sectors
        2. Increasing adoption of IoT technology
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Steam Trap Monitor Market, By Technology, 2021 - 2031 (USD Million)
      1. Wired
      2. Wireless
    2. Global Steam Trap Monitor Market, By Trap Type, 2025- 4- 2031 (USD Million)
      1. Mechanical Traps (inverted bucket & Float and Thermostatic)
      2. Thermodynamic Traps
      3. Venturi or Orifice Traps
      4. Thermostatic Traps
    3. Global Steam Trap Monitor Market, By Material Type, 2021 - 2031 (USD Million)
      1. Steel
      2. Iron
      3. Others
    4. Global Steam Trap Monitor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Emerson Electric Co.
      2. Spirax-Sarco Engineering plc
      3. Armstrong International Inc.
      4. Forbes Marshall Pvt. Ltd.
      5. Swagelok Company
      6. Watson McDaniel Company
      7. Yokogawa Electric Corporation
      8. TLV Co., Ltd.
      9. Flowserve Corporation
      10. Gestra AG
  7. Analyst Views
  8. Future Outlook of the Market