|11-21-2018 02:37 PM CET - Industry, Real Estate & Construction||
Global Steam Trap Market 2018 Analysis By Key Vendors like Weir Group PLC, Watson Mcdaniel Company, Tunstall Corporation, Emerson Electric Co., Schlumberger N.V., Watts Water Technologies, Inc., and Tlv International, Inc., Spirax-Sarco Engineering PLC
Press release from: Data Bridge Market Research
The global demand at the End-user segment is increasing day by day for the Steam Trap market due to which Steam Trap market is rapidly changing the face of industry. This report on the Steam Trap market is a walk through to all the market definition, classifications, applications and market trends.
The report gives inside and industry Outlook on Steam Trap market. It helps in imagining the arrangement of the Steam Trap market complete analysis regarding type and applications, featuring the key business resources and key players. Steam Trap Market development divisions and distinguishes factors driving change.
The Global Steam Trap Market accounted for USD 2.25 billion in 2016 growing at a CAGR of 5.79% during the
forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Steam Trap Market Segmentation
• By Geography;
• Product (Mechanical, Thermodynamic, Thermostatic);
• Body Material (Steel, Iron);
• Application (Tracing Application, Drip Application, Process Application);
• Vertical (Chemicals, Energy and Power, Food & Beverages, Oil & Gas, Pharmaceuticals)
Major Market Competitors:
Some of the major players of the global steam trap market are :
• Weir Group PLC,
• Watson Mcdaniel Company,
• Tunstall Corporation,
• Emerson Electric Co.,
• Schlumberger N.V.,
• Watts Water Technologies, Inc., and Tlv International, Inc.,
• Spirax-Sarco Engineering PLC,
• Pentair PLC,
• Flowserve Corporation,
• Circor International, Inc.,
• Thermax Limited and Velan Inc.,
• Marck & Care Engineers Ltd.,
• Armstrong International Inc.,
• Miyawaki Inc.,
• Hawa Engineers Ltd,
• Bestobell Steam Traps,
• Thermal Energy International Inc., and Esco India,
• Neta Valves Pvt. Ltd.,
• Colton Industries,
• Ayvaz, Venn.Co,Ltd.,
• Bell & Gossett
• among others.
Major Market Drivers:
• Active Adoption of Steam Traps
• Strict Regulations Imposed By Regulatory
• Periodic Maintenance and Operational Costs
Strategic Key attributes of the report:
• The 360-degree Steam Trap overview based on a global and regional level
• Market share, value, volume, and production capacity is analyzed on global, regional and country level
• A complete and useful guide for new market aspirants
• Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
• Supply and Consumption – In continuation of sales, this section studies supply and consumption for the Steam Trap Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.
• Competitors – In this section, various Steam Trap industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
• Production Analysis – Production of the Steam Trap is analyzed with respect to different regions, types and applications. Here, price analysis of various Steam Trap Market key players is also covered.
• Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Steam Trap Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
• Other analyses – Apart from the information, trade and distribution analysis for the Steam Trap Market.
Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team (email@example.com), who will ensure that you get a report that suits your needs.
Major Insights of the Report
1. To describe and forecast the Steam Trap market, in terms of value, by process, product type, and industry.
2. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Steam Trap Market
3. The key findings and recommendations highlight crucial progressive industry trends in the Steam Trap Market, thereby allowing players to develop effective long term strategies
4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Steam Trap market
5. The report offers market share appraisals for regional and global levels
Steam traps are useful in heating applications where latent heat is generated and carried forward to a specific product. Once the latent heat/energy has been transferred to the product from the steam, the steam condenses and forms condensate. A steam trap works to remove condensate and non-condensable, without removing the steam. There are mechanical traps, thermostatic traps, and thermodynamic traps. It has its wide application in chemicals, energy and power, food & beverages, oil & gas, pharmaceuticals. Active adoption of steam traps may act as a major driver in the growth of steam trap market. On the other side, high periodic and operational cost may hamper the market.
The report for Global Steam Trap Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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