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The Global Steam Traps Market is expected to grow by $ 220.08 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period

Global Steam Traps Market 2020-2024 The analyst has been monitoring the steam traps market and it is poised to grow by $ 220. 08 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period.

New York, June 22, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Steam Traps Market 2020-2024" - https://www.reportlinker.com/p03952805/?utm_source=GNW
Our reports on steam traps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the real-time automated steam trap monitoring and development of GTCC and IGCC technologies. In addition, emerging heat recovery steam generator technology for power generation is anticipated to boost the growth of the market as well.
The steam traps market analysis includes end-user segment and geographic landscape.

The steam traps market is segmented as below:

By End-user
• Petroleum
• Thermal power
• Others

By Geographic Landscapes
• Europe
• North America
• South America

This study identifies the development of IoT sensor technology for steam traps as one of the prime reasons driving the steam traps market growth during the next few years. Also, the computerized steam trap station management program and universal type steam traps will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our steam traps market covers the following areas:
• Steam traps market sizing
• Steam traps market forecast
• Steam traps market industry analysis

Read the full report: https://www.reportlinker.com/p03952805/?utm_source=GNW

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