Global Steam Trap Monitor Market Assessment and Key Insights Analyzed Till 2027

 With their ability to continuously discharge significantly high volumes of condensate, the demand for steam trap monitors has increased across various end-use industries, such as power generation, water & wastewater, food & beverage, and chemical. While steam trap are becoming ubiquitous in a broadening range of end-use industries, poorly monitored steam traps can cost end users billions of dollars of wasted energy, and this is boosting demand for steam trap monitors in diverse industrial applications.

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The steam trap monitor market has gained momentum in the past few years, as leading market players introduced innovative features, such as minimal condensate backup and improve air venting ability, with advent of advanced technologies. The adoption of next-generation technological solution has increased, as steam trap monitor manufacturers are adopting strategies to meet the specific requirements of end users from various industries, especially the oil & gas industry. Increasing growth of the oil & gas industry is expected to have an impact on demand and sales of steam trap monitors in the upcoming years.

Steam Trap Monitor Market – Notable Developments

Armstrong International Inc., Emerson Electric Co., GESTRA AG, Mosto Technologies, Inc., Forbes Marshall, Spirax-Sarco Engineering Plc., Flowserve Corporation, ThermaXX Jackets, LLC, and CIRCOR International, Inc., are among the prominent companies in the steam trap monitor market. Leading players as well as new entrants in the steam trap monitors landscape are focusing on adopting innovative technological solutions to enhance the accuracy and reliability of these solutions. Some of the prominent examples include:

  • PsiKick – a venture-backed startup and manufacturer of Internet of Things (IoT) systems, which changed its name to Everactive in June 2019, announced that it has launched a new battery-less steam trap monitor integrated with IoT sensors, in September 2018. The company declared that its new product has been designed to offer cost-saving inputs for end users in various industrial practices such as heating, sterilization, power generation, and manufacturing, by continuously assessing steam traps with the help of IoT sensors.
  • In December 2018, Armstrong International, Inc. – a thermal utility company – announced that it has launched a hand-held, wireless steam trap monitoring solution – SAGE UMT™. The company also stated that its new steam trap monitoring solution has been designed with radio-frequency identification (RFID) technology, in order to enable accurate monitoring of steam trap performance. SAGE UMT is also integrated with piezoelectric acoustic and non-contact infrared temperature sensors, which can accurately identify and locate steam traps in various environmental conditions.
  • In May 2019, Thermaxx, LLC – a manufacturer of reusable insulation jackets – announced that it has partnered with PsiKick, Inc. to jointly deliver smart, IoT-based industrial steam trap monitors and offer energy efficiency solutions for various commercial and industrial insulation applications. Thermaxx announced that its Smart Jackets will be integrated with PsiKick’s batteryless steam trap monitors to offer an all-in-one and real-time solution for measurement and verification, insulation, and steam trap failure detection.

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By Market Segmentation

The steam trap monitor market can be bifurcated on the basis of:

  • End-use Industry
  • Technology
  • Material
  • Trap Type
  • Region

Based on End-use Industry:

  • Pharmaceutical
  • Chemical
  • Food & Beverages
  • Automotive
  • Downstream Hydrocarbons
  • Defense
  • Water & Wastewater
  • Power generation
  • Oil & Gas
  • Pulp & Paper

Based on Technology:

  • Wired
  • Wireless

Based on Trap Type:

  • Mechanical Traps (inverted bucket & Float and Thermostatic)
  • Thermodynamic Traps
  • Venturi or Orifice Traps
  • Thermostatic Traps

Based on Material Type:

  • Steel
  • Iron
  • Others

Based on Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East & China

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Convergence of the Industrial IoT (IIoT) Technology Underscores an Emerging Trend

As automation is becoming an indispensable part of any industrial operation, the integration of IoT to enhance the efficiency and accuracy of steam trap monitors is becoming a popular trend in the market. With advent of IIoT technology, leading manufacturers in the steam trap monitor market are focusing on reducing the drawbacks of steam trap systems, such as the possibility of leakages.

 

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