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Request for Real Time Steam Prices: https://www.procurementresource.com/resource-center/steam-price-trends/pricerequest
Steam, which is water in a gaseous condition, is created when water is heated to a boiling point. As a result, water emits saturated or undetectable steam. Steam is frequently created by heating a boiler or igniting coal and other fuels, but recent advancements have made it possible to also create steam using solar energy.
Steaming begins when the water reaches 100 degrees Fahrenheit. The amount of energy required to vaporise water, which increases in volume by 1,700 times at standard pressure and temperature, is known as the enthalpy of vaporisation. For every litre of water that is boiled, 1600 litres of steam are created.
The major steam producing countries are China, South Korea, Germany, Finland, and India.
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 trend, chart, pricing database, and analysis can prove valuable for 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:
The need for gas, electricity, coal, oil, and other types of steam is expanding as power requirements rise due to the increased use of electrical gear and machinery as well as growing industrialisation.
The usage of steam in power plants, which predominantly uses coal steam, makes it another essential product. This industrial use in diverse facilities has a significant impact on the trend in steam costs.
Key Market Players:
- Alfa Laval
- A.O Smith
- Harbin Electric
News and Events:
- August 2022: To improve the company’s position in the UK steam boiler industry, Babcock Wanson, a global supplier of process heating equipment, industrial boilers, servicing, and training, merged with Steam Plant Engineering, a pioneer in the field of industrial boiler services.
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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 most 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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Contact Person: Amanda Williams
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