Inverted Bucket Steam Trap Market Size to Expand Lucratively during the Forecast Period 2017-2025

Inverted Bucket Steam Trap Market: Drivers and Restraints

The growth in the Inverted Bucket Stream Trap Market can be attributed to factors such as stringent policies and regulations to decrease carbon footprint led by the government and increased adoption of the inverted bucket stream traps by the end- user industries for the purpose of increasing their fuel savings. The gas and oil industry is estimated to be responsible for the growth of Inverted Bucket Steam Trap Market in the forecast period 2017 to 2022 owing to the huge investments in the gas and oil fields and also to the growing concern for energy management solutions.

Increasing concerns related to the environment such as reduction in CO2 levels is likely to push the growth of the Inverted Bucket Steam Trap Market. In oil refineries, steam is a part of many applications. Some of these applications include huge reboilers that are responsible for the consumption of many tons of steam every hour and trace heating system that are responsible for maintaining the product in the correct viscosity range. Owing to its applications in the oil refineries, huge demand for the inverted bucket stream traps is likely to be generated in the oil refineries sector. However efficient the inverted bucket stream traps may be, there are energy losses in the inverted bucket steam traps as well. This factor is likely to restrain the growth of the Inverted Bucket Steam Trap Market.

Inverted Bucket Steam Trap Market: Market Segmentation

The Inverted Bucket Steam Trap Market can be segmented by the end user, by body type and the geography. On the basis of end user type, Inverted Bucket Steam Trap Market can be segmented into: Thermal power, Oil and gas, Chemicals, Energy and Power, Food & Beverages, Pharmaceuticals, Others. On the basis of body type, Inverted Bucket Steam Trap Market can be segmented into: Steel, Iron, Others. On the basis of application type, Inverted Bucket Steam Trap Market can be segmented into: Drip Application, Tracing Application, Process Application. On the basis of geography, Inverted Bucket Steam Trap Market can be segmented into: Americas, EMEA, APAC.

Inverted Bucket Steam Trap Market: Regional Outlook

The North America region is estimated to dominate the Inverted Bucket Steam Trap Market in the forecast period 2017 to 2022. In 2015, The APAC (Asia Pacific) region was the highest revenue generating region in the Inverted Bucket Steam Trap Market. By the end of 2022, it is expected that the APAC region will continue its dominance in the Inverted Bucket Steam Trap Market owing to its increasing demand in the thermal power sector and refinery industry. Also, the increased consumption of electricity and the increased demand for gasoline can be accounted as the reasons for the growth of the Inverted Bucket Steam Trap Market in the APAC region.

Inverted Bucket Steam Trap Market: Key Players

Some of the major players of the Inverted Bucket Steam Trap Market are: Watts Water Technologies, Inc. (US), CIRCOR International, Inc. (US), Velan Inc. (Canada), Emerson Electric Co. (US), The Weir Group PLC (U.K.), Flowserve Corporation (US), Thermax Limited (India), Pentair plc (US), Spirax-Sarco Engineering plc (UK), Schlumberger N.V. (US).

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