Product Code: CMI6042
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
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Steam Coil, By Geographic Segmentation
- Market Steam Coil, By Demographic Segmentation
- Market Steam Coil, By Psychographic Segmentation
- Market Steam Coil, By Behavioral Segmentation
- Market Steam Coil, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Industrial expansion and upgradation
- High initial cost and maintenance
- Increasing focus on renewable energy
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Steam Coil Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Steam Coil Market, By Geographic Segmentation, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Region
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Country
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Steam Coil Market, By Demographic Segmentation, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Company Size
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- End Users
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
7. Steam Coil Market, By Psychographic Segmentation, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Customer Preferences
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Technological Awareness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
8. Steam Coil Market, By Behavioral Segmentation, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Usage Patterns
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Purchase Decision Criteria
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
9. Steam Coil Market, By Region, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country, 2021 - 2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Geographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Demographic Segmentation , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Psychographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Behavioral Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Geographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Demographic Segmentation , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Psychographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Behavioral Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Geographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Demographic Segmentation , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Psychographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Behavioral Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Geographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Demographic Segmentation , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Psychographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Behavioral Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Geographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Demographic Segmentation , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Psychographic Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Behavioral Segmentation, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
10. Competitive Landscape
- Alfa Laval
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Colmac Coil Manufacturing
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Tranter
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Thermax Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sterling Thermal Technology
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- HRS Heat Exchangers
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- United Cooling Systems (UCS)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Taco Comfort Solutions
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- GEA Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
11. Section
- Research Methodology
- About us