Steam Trap Market Outlook:
Steam Trap Market size was over USD 4.65 billion in 2025 and is anticipated to cross USD 7.02 billion by 2035, witnessing more than 4.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of steam trap is assessed at USD 4.83 billion.
The growth might be attributed to the increasing investments and advances in the power and energy industries. Together with the ongoing global increase in industrialization and urbanization, energy consumption has increased dramatically. According to US Energy Information Administration projections, global power generation is expected to rise globally between 30% and 76% in 2050 compared to 2022 in all scenarios. Consequently, there has been an increase in the construction of intrastate transmission and sub-transmission networks in order to satisfy the growing power requirements. Because of the rising earnings of households and the growth of the manufacturing and heavy sectors, there will be an increasing need for energy and power.
