Steam Coil Market is estimated to be valued at USD 9.16 Bn in 2025 and is expected to reach USD 13.32 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
| Report Coverage |
Report Details |
| Base Year: |
2024 |
Market Size in 2025: |
USD 9.16 Bn |
| Historical Data for: |
2020 To 2024 |
Forecast Period: |
2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: |
5.50% |
2032 Value Projection: |
USD 13.32 Bn |
A steam coil is crucial component used in various industrial applications for heating fluids or air. It consists of a series of interconnected tubes or pipes that are designed to circulate steam, thereby transferring its heat to the surrounding medium. The steam of the coils functionality relies on the principle of heat exchange, where the high-temperature steam releases its thermal energy to raise the temperature of the fluid or air passing through the coil. This process finds application in processes such as heating tanks, preheating air for industrial furnaces and maintaining desired temperatures in commercial buildings. The efficiency and effectiveness of steam coils make them essential in numerous heating systems across industries.
Market Drivers:
Industrial expansion, energy efficiency and retrofitting and upgradation is anticipated to drive growth of the global steam coil market over the forecast period. Moreover, growing construction industry is also expected to boost the growth of the global steam coil market over the forecast period. Increasing focus on renewable energy, rising demand for heat recovery, growing adaption of combined heat and power (CHP) systems and expansion of food processing industry are expected to create growth opportunities for the global steam coil market during the forecast period.
However, high initial cost, maintenance and cleaning requirements, limited application in low-temperature heating and environmental concerns are expected to hamper growth of the steam coil market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the Steam Coil market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the Steam Coil market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Alfa Laval, Colmac Coil Manufacturing, Armstrong International, Tranter, Thermax Limited, Sterling Thermal Technology, HRS Heat Exchangers, United Cooling Systems (UCS), Taco Comfort Solutions, GEA Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, ty\pe up-gradation, market expansion, and marketing tactics
- The Steam Coil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Steam Coil market
Detailed Segmentation:
- Steam Coil Market, By Geographic:
- Steam Coil Market, By Demographic:
- Industry
- Company Size
- End Users
- Steam Coil Market, By Psychographic:
- Customer Preferences
- Technological Awareness
- Steam Coil Market, By Behavioral:
- Usage Patterns
- Purchase Decision Criteria
- Steam Coil Market, By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Company Profile:
- Alfa Laval
- Colmac Coil Manufacturing
- Armstrong International
- Tranter
- Thermax Limited
- Sterling Thermal Technology
- HRS Heat Exchangers
- United Cooling Systems (UCS)
- Taco Comfort Solutions
- GEA Group
