The steam coil market has been gaining widespread prominence on account of its varied applications across industries. Steam coils are metallic tubing or piping systems that facilitate effective transfer of heat generated by steam to surrounding areas or equipment. They are commonly deployed in heating and cooling equipment including air handlers, furnaces, boilers, chillers, etc. The steam coil comprises copper, aluminum or carbon steel tubing coiled tightly in a serpentine manner to maximize surface area for heat transfer applications. Compared to conventional heat exchangers, steam coils offer benefits such as compact design, flexibility of installation, cost-effectiveness and ease of maintenance. Rising adoption of advanced HVAC systems and process heating equipment across industries has driven the steam coil market.

The Global Steam Coil Market is estimated to be valued at US$ 9.49 Mn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2031.

The increasing adoption of automated driving systems is a key driver propelling Steam Coil Market Demand revenue. Automated driving technology requires extensive testing of automotive components under diverse climate conditions which incorporates advanced heating and cooling systems using steam coils. Growing R&D expenditures on autonomous vehicle development by OEMs and tech giants is expected to augment demand over the forecast period.

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