According to the latest report by IMARC Group, titled “Steam Trap Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global steam trap market reached a value of US$ 3.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026. A steam trap refers to a mechanical valve used to discharge condensates and non-condensates from steam lines. The most common steam traps are mechanical, thermostatic, and thermodynamic traps. They are mainly used in bulk storage tanks, pressure reducing valve stations, steamers…

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