Steam Trap Monitor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Steam Trap Monitor Market: Overview

With the help of the steam trap monitor, the performance of the steam system improves and it gives the facility of the easy installation coupled with the perfect functioning of the wireless monitoring. The record of the performance of the steam trap should be maintained always as there are chances of wastage of water if the traps are blocked or leaking.

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Steam Trap Monitor Market: Facts

The Biotherm designed the SmartWatchWeb Radio Frequency (SWWRF40) Steam Trap Monitor which is a wireless interface. It got approved by the ISA100 as the wireless compliant solution that can monitor the leakage of the steam and the gas, pressure, temperature, pressure and other information that is related to the steam system and valves.

Steam Trap Monitor Market: Segmentation

The global market for the steam trap monitor is fragmented into its end-use, technology type, trap type, and material type. Based on the end-user industry, the global market is segregated into chemical, automotive, defense, power generation, pulp & paper, pharmaceutical, food & beverages, downstream hydrocarbons, water & wastewater, and oil & gas. Based on the steam trap, the market is categorized into wireless and wired. Based on the trap type, the market is divided into thermodynamic traps, thermostatic traps, mechanical traps, and venturi or orifice traps. Based on the type of the material, the global market is bifurcated into iron, steel, and others.

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Steam Trap Monitor Market: Growth Factors

The demand for the steam trap monitor market is growing due to the significant development of the automotive industry. The other industry that also affects the growth of the market is the food and the beverages sector majorly the packed ones. The increase in the penetration of the internet and the increased technological developments increased the usage of the smart devices that work on the IoT in several industries thus contributing to the development of the market. The robust growth of the pharmaceutical and the chemical industry also contributes to the growth of the market. The rapid growth of industrialization and the growing economy are the microeconomic factors that contribute to the growth of the market. The factors that are limiting the growth of the market are the increasing maintenance cost and the stringent regulations that are implemented by the government. Increase in the cost of the energy increases the cost of the steam thus hindering the development of the steam trap monitor market.

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Steam Trap Monitor Market: Regional Analysis

The region that holds the maximum share in the global steam trap monitor market is the North America which is followed by Western Europe. The growth in the manufacturing sector is the main reason for development in the Middle East and Western Europe. The low cost of manufacturing is one of the factors that are triggering the growth of the steam trap monitor market in Asia Pacific region, especially in India and China.

Steam Trap Monitor Market: Competitive Players

The key market players that are involved in the steam trap monitor market include Emerson Electric Co., ThermaXX Jackets, LLC., Armstrong International Inc., Gestra AG, Forbes Marshall, Spirax-Sarco Engineering Plc., Mosto Technologies, Inc., Flowserve Corporation, and CIRCOR International, Inc.

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