Global steam trap monitor market: Overview
The purpose of a steam trap monitor system is to enhance the performance of the steam system, and it offers perfect wireless monitoring capabilities with a non-intrusive installation process. Users of steam must maintain a record of the performance of the steam traps because clogged or leaky traps waste water and energy while condensate can be removed and recycled from the steam system with a healthy steam trap population.
Wireless sensor networks, which contain coordinators, sensors, and routers, are the foundation of how the wireless steam trap monitor works. As a result, a cluster tree network of devices is created, in which the coordinator or router acts as the parent and the sensor as the child, measuring the conductivity and temperature of the steam. The steam trap monitor provides comprehensive trap health analysis and status produced by the steam trap system, which is useful in online computation of energy savings or loss due to steam trap leakage. Due to the high demand for automation in the manufacturing and automotive industries, it is widely used in these sectors.
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Dynamics
The key driving factor of global steam trap monitor market is the rapid growth of automotive industry, owing to a high demand of steam trap monitor systems. Due to strong demand for packaged food and beverages in food and beverages industries is also a major driving factor of global steam trap monitor market. Furthermore, global steam trap monitor market is majorly driven by the increase in high internet penetration and high technological advancement, attributed to the high adoption of smart devices based on the internet of things in various industries.
Another factor which helps to grow global steam trap monitor market is rapidly increasing chemical as well as the pharmaceutical industry due to high usage of steam trap monitor systems. The microeconomic factors which drive the global steam trap monitor market are the rapid rate of industrialization and emerging economy such as Brazil, China, and India.
The key restraining factor of global steam trap monitor market is higher maintenance cost and govt. Safety regulations related to global steam trap monitor market. Continuously rising in energy cost will increase the steam cost produced by site utility operations which will restrict to grow steam trap monitor market globally. Various large market players such as Forbes Marshal and Spirax Sarco released wireless steam trap monitor system which is the key trend which helps global steam trap monitor market to grow at a rapid pace over the forecasted period
Segmentation
End-use industry types as follow
- Pharmaceutical
- Chemical
- Food & Beverages
- Automotive
- Downstream Hydrocarbons
- Defense
- Water & Wastewater
- Power generation
- Oil & gas
- Pulp & paper
Technology types as follow:
- Wired
- Wireless
Trap types as follow:
- Mechanical Traps (inverted bucket & Float and Thermostatic)
- Thermodynamic Traps
- Venturi or Orifice Traps
- Thermostatic Traps
Material types as follow
- Steel
- Iron
- Others
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Regional Outlook
Based on the geographies, global steam trap monitor market is segmented into seven regions – Latin America, Eastern Europe, Asia-Pacific excluding Japan, Western Europe, North America, Japan and Middle East & Africa. Among region mentioned above, North America accounts high market share in steam trap monitor market across the globe followed by Western Europe.
Western Europe and Middle East & Africa is estimated to grow with a rapid rate in global steam trap monitor market due to its high usage in manufacturing industries in these regions. Due to low manufacturing cost in Asia-Pacific countries such as China and India is estimated to witness a rapid growth in steam trap monitor market across the globe.
Prominent market players
- Forbes Marshall
- Emerson Electric Co.
- Spirax-Sarco Engineering Plc.
- ThermaXX Jackets, LLC.
- Mosto Technologies, Inc.
- Armstrong International Inc.
- Flowserve Corporation
- GESTRA AG
- CIRCOR International, Inc
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