Steam Trap Market - Changing Supply And Demand Scenarios By 2025

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Global Steam Trap Market Trends, Analysis,
And Forecast To 2025
A increased importance is being attached to the
use of clean as well as renewable energy sources
such as geothermal energy, specially in the
developed countries such as the Americas and
Europe and thereby major environmental
regulations are being imposed by numerous
regulatory bodies such as the USEPA,. The demand
for generation of geothermal power across the
world is being fuelled by the rising depletion of
fossil fuel resources especially coal. The major
countries involved in the generation of
geothermal power generation include the U.S.,
Indonesia, and Mexico. The advent of geothermal
technology for clean energy will enhance the
usage of steam traps as they help to save energy
efciently. Owing to the enhanced demand for
abridged energy costs and reliable productivity,
it has become vital to have a active steam trap
station management program, integrated with the
overall steam system management program. It is a
mandate established by almost every plant
operation that a steam trap station should
operate reliably for around six years. This
program helps in documentation of each fault
identifcation that will help in measuring the
corresponding energy loss as well as measure the
impact of emission for the faulty steam valves
present in the station. Get PDF Sample with
Technological Trends at https//www.xpodenceresea
rch.com/Request-Sample/105599 The steam trap
market is segmented by product, application, body
material end-user and regions. Based on the
product, the global steam trap market is divided
into mechanical, thermodynamic, and
thermostatic. By application, the steam trap
market is divided into drip application, process
application, tracing application. Depending upon
body material, the global market is segmented
into steel, and iron. Based on end-user, the
global market is divided into chemicals, energy
and power, food beverages, oil gas,
pharmaceuticals, and others. Based on regions,
the global steam trap market is segmented into
North America, Europe, Asia Pacifc, Middle East
Africa (MEA,, and aatin America. The
Asia-Pacifc region was the largest market in the
global steam trap market in 2015 and is
anticipated to endure its dominance in the
market during the forecast. The factors
responsible for this regions growth are gushing
refnery activities and increasing demand for
thermal power. The extraordinary requirement for
gasoline across diferent end-users sectors and
growth of electricity consumption will fuel the
growth opportunities for the steam trap
manufacturers in the forthcoming years. Obtain
Report Details with technological advancement at
https//www.xpodenceresearch.com/Reports/Steam-Tra
p-Market
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The global steam trap market is highly
fragmented, owing to the presence of large
international players as well as regional
players that are mainly based in South and
Southeast Asian countries. The minor players in
the market pose an intense challenge to the
international vendors in terms of
functionalities, product features, and services,
which they provide at a cheaper rate than the
global counterparts. The competition in this
market sector is expected to deepen during the
future years owing to the introduction of
products loaded with new features and
technologies. The major companies present in
steam trap market include Flowserve Corporation,
CIRCOR International, Inc., Thermax aimited,
Pentair plc, Velan Inc. Schlumberger N.V.,
Emerson Electric Co., Spirax-Sarco Engineering
plc, The Weir Group PaC, and Watts Water
Technologies, Inc. among others. About
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