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DUBLIN--(BUSINESS WIRE)--The "Steam Trap Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global steam trap market is currently witnessing stable growth. A steam trap is a mechanical valve that is used to discharge condensates and non-condensates, such as air and carbon dioxide, from steam lines. Mechanical, thermostatic and thermodynamic traps are the most common types of steam traps available in the market. They are commonly used in bulk storage tanks, pressure reducing valve stations, steamers, heat exchangers and reboilers. They also act as a separation point between the condensates and the steam system to create latent heat and transfer it to a specific product. Owing to this, stream traps find extensive application across various industries, including oil and gas, power generation, chemicals, pharmaceuticals, pulp and paper, and food and beverages. Growing industrialization is one of the key factors driving the growth of the market. Stream traps are highly durable, light in weight and have a long shelf life. Owing to this, they are widely adopted for sterilization and enhancing the efficiency of various industrial processes. Furthermore, the increasing oil and gas exploratory activities across the globe are also providing a boost to the market growth. Additionally, various technological advancements, including the development of wireless monitoring systems, are acting as another growth-inducing factor. Advanced steam traps are equipped with thermocouple sensors to take temperature readings at periodic intervals and transmit the signals to an interface for the user to remotely access it. Other factors, including the implementation of favorable government policies promoting the sustainable utilization of energy resources and extensive research and development (R&D) activities, along with the rising trend of automation in the oil and gas industry, are projected to drive the market further. Looking forward, the market to register a CAGR of 3.5% during 2020-2025. Key Questions Answered in this Report: Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Steam Trap Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Forecast 6 Market Breakup by Product Type 6.1 Thermodynamic 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Mechanical 6.3 Thermostatic 7 Market Breakup by Application 7.1 Instrument Steam Tracing 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Line Steam Tracing 7.3 Drip Application 7.4 Process Application 7.5 Others 8 Market Breakup by Material Type 8.1 Steel 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Iron 8.3 Others 9 Market Breakup by Distribution Channel 9.1 Online 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Offline 10 Market Breakup by End-Use Industry 10.1 Oil & Gas 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 Power Generation 10.3 Pharmaceuticals 10.4 Food & Beverages 10.5 Pulp & Paper 10.6 Chemical 10.7 Others 11 Market Breakup by Region 12 SWOT Analysis 12.1 Overview 12.2 Strengths 12.3 Weaknesses 12.4 Opportunities 12.5 Threats 13 Value Chain Analysis 14 Porters Five Forces Analysis 14.1 Overview 14.2 Bargaining Power of Buyers 14.3 Bargaining Power of Suppliers 14.4 Degree of Competition 14.5 Threat of New Entrants 14.6 Threat of Substitutes 15 Price Indicators 16 Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/fm8sr6

Answer: Global Steam Trap Markets, 2020-2025 - Focus on Oil & Gas, Power Generation, Pharmaceuticals, Food & Beverages, Pulp & Paper and Chemical Industries - ResearchAndMarkets.com