Objectives of the report are as follows:
A increased importance is being attached to the use of clean as well as renewable energy sources such as geothermal energy, specially in the developed countries such as the Americas and Europe and thereby major environmental regulations are being imposed by numerous regulatory bodies such as the USEPA,. The demand for generation of geothermal power across the world is being fuelled by the rising depletion of fossil fuel resources especially coal. The major countries involved in the generation of geothermal power generation include the U.S., Indonesia, and Mexico.

The advent of geothermal technology for clean energy will enhance the usage of steam traps as they help to save energy efficiently. Owing to the enhanced demand for abridged energy costs and reliable productivity, it has become vital to have a active steam trap station management program, integrated with the overall steam system management program. It is a mandate established by almost every plant operation that a steam trap station should operate reliably for around six years. This program helps in documentation of each fault identification that will help in measuring the corresponding energy loss as well as measure the impact of emission for the faulty steam valves present in the station.

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Market Segments:
The steam trap market is segmented by product, application, body material end-user and regions. Based on the product, the global steam trap market is divided into mechanical, thermodynamic, and thermostatic. By application, the steam trap market is divided into drip application, process application, tracing application. Depending upon body material, the global market is segmented into steel, and iron. Based on end-user, the global market is divided into chemicals, energy and power, food & beverages, oil & gas, pharmaceuticals, and others.

Key Target Audience:
• Global steam trap providers
• Steam trap manufacturers
• Research organizations and consulting companies
• Energy industries association
• Associations, organizations, forums, and alliances
• Technology investors
• Government bodies such as regulating authorities and policy makers.
• Industry associations
• Automation consultants
• Market research and consulting firms

The global steam trap market is highly fragmented, owing to the presence of large international players as well as regional players that are mainly based in South and Southeast Asian countries. The minor players in the market pose an intense challenge to the international vendors in terms of functionalities, product features, and services, which they provide at a cheaper rate than the global counterparts. The competition in this market sector is expected to deepen during the future years owing to the introduction of products loaded with new features and technologies.

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Global Release Steam Trap Market Key Players:
The major companies that provide Steam Trap Market Include:
• Flowserve Corporation
• CIRCOR International, Inc.
• Thermax Limited, Pentair plc.
• Velan Inc.
• Schlumberger N.V.
• Emerson Electric Co
• Spirax-Sarco Engineering plc.
• The Weir Group PLC.
• Watts Water Technologies Inc.

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