Global Steam Trap Valve Market Worth $ 5.83 Billion by 2019

Date: 2016-09-10

Steam traps Valve are a type of automatic valve that filters out condensate and non-condensable gases such as air without letting steam escape. Steam trap valve includes thermostatic taps valve and mechanical traps valve on the base of classification, which represent 28% and 40% of global steam trap valve market. 

Petroleum Chemical, Metallurgy and Electric power industry are the main application of steam trap valve product and Asia is the largest steam trap valve market on production and consumption.

Global steam trap valve market is projected to reach $ 5.83 Billion by 2019, with a GAGR of 2.2% from 2015, and Asia will have a big dynamic momentum on the market growth. The major players in the global steam trap valve market are TLV, MIYAWAKI, VENN, Armstrong, Flotech, Spirax Sarco, Flowserve Group etc..


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Joanna | Executive – International Business and partner Relations
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