The Latin America, Middle East and Africa Steam Trap Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,536.1 thousand Units, showcasing a growth of 7.0 % (2023-2030).
Steam distribution traps are extensively used in numerous industries and applications requiring steam distribution and control. Condensate recovery steam traps are typically utilized in steam heating systems, industrial processes, and power facilities where substantial quantities of condensate are generated. The application of each type depends on system design, energy efficiency objectives, condensate weight, and application-specific requirements.
As the turbines rely on steam-driven turbines for power generation, by eliminating condensate and non-condensable gases, steam traps are crucial for maintaining the efficiency and durability of these turbines. As the global electricity demand continues to rise, the expansion of the power generation sector is expected to fuel product sales. Moreover, integrating sophisticated technologies into power plants will likely generate opportunities for innovative and effective steam trap solutions.
According to the UAE government, the UAE pharmaceutical industry is expanding rapidly to satisfy the changing demands of a growing population. To attain self-sufficiency and develop knowledge and expertise, the UAE is focused on encouraging the growth of regional pharmaceutical manufacturers and enticing international pharmaceutical companies to the country. As they maintain energy efficiency, product quality, and operational safety, the market is expected to grow in parallel with the expanding pharmaceutical sector in this region.
The Brazil market dominated the LAMEA Steam Trap Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $128.6 million by 2030. The Argentina market is showcasing a CAGR of 6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.2% during (2023 - 2030).
Based on Industry, the market is segmented into Oil & Gas, Food & Beverages, Chemicals, Energy & Power, Pharmaceuticals and Others. Based on Product, the market is segmented into Mechanical, Thermodynamics, and Thermostatic. Based on Application, the market is segmented into Tracing, Drip and Process. Based on Body Material, the market is segmented into Steel, Iron and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Steam Trap Market is Projected to reach USD 4.4 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Spirax Sarco Engineering plc, Emerson Electric Co., Schlumberger N.V., Thermax Limited, Velan, Inc., Forbes Marshall Pvt. Ltd, Xylem, Inc., Armstrong International, Inc., TLV Co., Ltd, Watts Water Technologies, Inc.
By Industry (Volume, Thousand Units, USD Million, 2019-2030)
By Product (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Body Material (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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