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The steam traps market size is forecast to increase by USD 1.40 billion at a CAGR of 5.75% between 2022 and 2027. The market is witnessing significant growth driven by advancements in heat recovery steam generator (HRSG) technology, offering enhanced efficiency in power generation processes. Additionally, the adoption of real-time automated steam trap monitoring systems contributes to improved operational reliability and energy savings.
Moreover, the ongoing development of Gas Turbine Combined Cycle (GTCC) and Integrated Gasification Combined Cycle (IGCC) technologies further amplifies the demand for steam traps, as they play a crucial role in optimizing steam distribution and condensate recovery systems within these advanced power generation setups. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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