Albany, NY -- (SBWIRE) -- 07/08/2016 -- A steam trap is basically a kind of automatic valve that filters out condensed steam or condensate along with non-condensable gases like air without letting the steam escape. In industries, steam is regularly used for heating or as a driving force for mechanical power. Steam traps are used in industrial applications to ensure that the steam produced is not wasted.

The global steam traps market to grow at a CAGR of 4.8% during the period 2016-2020. The report covers the present scenario and the growth prospects of the Global Steam Traps Market 2016-2020. To calculate the market size, the report considers the demand for steam traps from the end-user industries across the globe.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Steam Traps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Armstrong
- CIRCOR
- Flowserve
- Pentair
- Spirax Sarco
- Other prominent vendors
- Aman Engineering Works
- Beijing Convista Flow Control Equipment

Market driver
- Emerging geothermal technology for clean energy
- For a full, detailed list, view our report

Market challenge
- Energy losses in steam traps
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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