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Request for Real Time Steam Prices: https://www.procurementresource.com/resource-center/steam-price-trends/pricerequest
Steam is the gaseous form of water and is derived by boiling water via evaporation. The steam produced as a byproduct of water is saturated or invisible. In the conventional method, steam is generated by heating a boiler or burning coal and other sorts of fuel, but due to recent advancements, it can also be made with the use of solar energy.
The steaming process begins when the water reaches a temperature of 100 degrees Fahrenheit. The energy required to convert water into a gaseous state is called the enthalpy of vaporisation, which maximises in volume by 1,700 times at normal pressure and temperature. Every litre of water boiled expands to 1600 litres of steam.
The countries China, South Korea, Germany, Finland, and India with China being a major producer are leading the production of Steam.
Key Details About the Steam Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Steam price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Steam price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Steam Price Trend:
Gas, Electric, Coal, Oil, and other kinds of steam are growing in demand as electricity requirements rise owing to factors like increased usage of electrical machinery and equipment as well as growing industrialization.
Also, the use of steam, mainly coal steam, in power plants makes it an essential product. These industrial uses in various plants are primarily impacting Steam price trend.
Key Market Players:
- Alfa Laval
- O Smith
- Harbin Electric
News and Events:
- August 2021 – An international provider of process heating equipment, industrial boilers, and servicing and training, Babcock Wanson merged with an innovative provider of industrial boiler services, Steam Plant Engineering (S.P.E.), to solidify the company’s position in the steam boiler business in the U.K.
- May 2021 – A Swedish multinational industrial company, Atlas Copco, which manufactures industrial equipment and tools, obtained a significant share in an industrial steam and hot water boiler company, Eco Steam and Heating Solutions (E.K.S. HOLDING B.V.), based in the Netherlands. This acquisition was made to expand the specialized rental product offering by Atlas Copco to industrial customers in all territories and segments.
- Cooling Water Price Trend – https://www.procurementresource.com/resource-center/cooling-water-price-trends
- Process Water Price Trend – https://www.procurementresource.com/resource-center/process-water-price-trends
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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