Advanced Cooling Systems Market - Global Forecast to 2030
The advanced cooling systems market size is expected to grow from USD 14.9 billion in 2025 to USD 23.4 billion by 2030, at a CAGR of 9.5% from 2025 to 2030. Advanced cooling systems play a crucial role in enhancing energy efficiency across residential, commercial, and industrial sectors. In residential buildings, energy-efficient air conditioning units and heat pumps maintain comfortable indoor temperatures while minimizing energy consumption. For industrial operations, technologies such as liquid cooling and evaporative cooling effectively manage heat in manufacturing processes and chemical plants, improving operational efficiency and reducing the need for large-scale cooling infrastructure. By incorporating these advanced cooling solutions, organizations can achieve significant energy savings, enhance productivity, and promote environmental sustainability.
The growing demand for efficient heat management solutions is a key driver of the advanced cooling systems market, particularly in data centers, industrial manufacturing, and commercial buildings. The rapid expansion of data centers, driven by the increase in digital services and cloud computing, has led to a need for advanced cooling technologies to manage the substantial heat generated by high-performance computing equipment. In the industrial sector, the rising energy demand from an expanding manufacturing industry is fueling the adoption of advanced cooling systems. These systems are vital for maintaining optimal operating conditions, improving process efficiency, and ensuring compliance with safety and quality standards.
The market serves a diverse range of end-user sectors, including power generation, manufacturing, commercial and residential buildings, data centers, and others. The industrial manufacturing segment, in particular, is witnessing substantial growth due to the energy-intensive nature of its operations, which generate significant heat loads. Efficient thermal management through advanced cooling systems is essential to ensure optimal production output, protect personnel and equipment, and meet stringent quality standards. This demand for cooling solutions in manufacturing environments is expected to drive further growth in this sector.
The advanced cooling systems market consists of various technologies, including evaporative cooling, air cooling, liquid cooling, thermoelectric cooling, hybrid cooling, refrigeration, and solid-state cooling. Among these, evaporative cooling systems are particularly popular in industrial manufacturing due to their energy efficiency and cost-effectiveness. These systems rely on the natural process of evaporation to cool air, making them well-suited for large-scale industrial applications with high cooling demands. The adoption of evaporative cooling systems in such settings is contributing to substantial energy savings and reduced operational costs.
The advanced cooling systems market is experiencing significant growth, driven by the increasing need for energy-efficient and environmentally friendly solutions across various industries. Key factors contributing to this growth include rapid urbanization, the expansion of industrial activities, and the rising demand for sustainable cooling technologies. Industries are increasingly adopting heat dissipation technologies that minimize energy consumption and lower carbon footprints. The growing energy needs of the manufacturing sector, combined with the global expansion of data centers, are further accelerating market growth. The North American market is benefiting from a strong manufacturing base and extensive data center operations, while the Asia Pacific region is also witnessing rapid growth due to the booming food and beverage industries in countries like China, India, Japan, South Korea, and Indonesia, driving the demand for reliable and efficient cooling systems.
A few of the players operating in the advanced cooling systems market include Schneider Electric (France), Vertiv Group Corp (US), Stulz GmbH (Germany), Asetek (Denmark), and Johnson Controls (Ireland), among others.
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1 INTRODUCTION
1.1. OBJECTIVE OF THE STUDY
1.2. MARKET DEFINITION
1.3. INCLUSIONS AND EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. CURRENCY
1.7. LIMITATIONS
1.8. STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.2. MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1. SECONDARY DATA
2.2.1.1. KEY DATA FROM SECONDARY SOURCES
2.2.2. PRIMARY DATA
2.2.2.1. KEY DATA FROM PRIMARY SOURCES
2.2.2.2. KEY INDUSTRY INSIGHTS
2.2.2.3. BREAKDOWN OF PRIMARY INTERVIEWS
2.3. MARKET BREAKDOWN AND DATA TRIANGULATION
2.4. MARKET SIZE ESTIMATION
2.4.1. BOTTOM-UP APPROACH
2.4.2. TOP-DOWN APPROACH
2.4.3. DEMAND SIDE ANALYSIS
2.4.3.1. ASSUMPTIONS FOR DEMAND SIDE ANALYSIS
2.4.3.2. DEMAND SIDE CALCULATION
2.4.4. SUPPLY-SIDE ANALYSIS
2.4.4.1. ASSUMPTIONS FOR SUPPLY SIDE ANALYSIS
2.4.4.2. SUPPLY-SIDE CALCULATION
2.5. FORECAST
2.5.1. RESEARCH ASSUMPTIONS
2.5.2. LIMITATIONS OF RESEARCH
2.5.3. RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1. INTRODUCTION
5.2. MARKET DYNAMICS
5.2.1. DRIVERS
5.2.2. RESTRAINTS
5.2.3. OPPORTUNITIES
5.2.4. CHALLENGES
5.3. TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.4. SUPPLY CHAIN ANALYSIS
5.5. ECOSYSTEM/MARKET MAP
5.6. CASE STUDY ANALYSIS
5.7. INVESTMENT AND FUNDING SCENARIO
5.8. TECHNOLOGY ANALYSIS
5.9. TRADE ANALYSIS
5.10. PATENT ANALYSIS
5.11. PRICING ANALYSIS
5.12. KEY CONFERENCES & EVENTS IN 2025–2026
5.13. REGULATORY LANDSCAPE
5.13.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2. REGULATORY FRAMEWORK
5.14. PORTER’S FIVE FORCES ANALYSIS
5.15. KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1. KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2. BUYING CRITERIA
5.16. IMPACT OF GENERATIVE AI & AI
5.17. MACROECONOMIC OUTLOOK
6 ADVANCED COOLING SYSTEMS MARKET, BY TYPE
(Value (USD Million) – 2023, 2024, 2025-e, 2030-f)
6.1. INTRODUCTION
6.2. EVAPORATIVE COOLING SYSTEM
6.3. AIR COOLING SYSTEM
6.4. LIQUID COOLING SYSTEM
6.5. THERMOELECTRIC COOLING SYSTEM
6.6. OTHERS (HYBRID, SOLID STATE)
7 ADVANCED COOLING SYSTEMS MARKET, BY END-USER
(Value (USD Million) – 2023, 2024, 2025-e, 2030-f)
7.1. INTRODUCTION
7.2. POWER GENERATION
7.3. MANUFACTURING
7.4. COMMERCIAL & RESIDENTIAL
7.5. DATA CENTER
7.6. OTHERS (HEALTHCARE, FOOD & BEVERAGES, AND OIL & GAS)
8 ADVANCED COOLING SYSTEMS MARKET, BY REGION
(Value (USD Million) – 2023, 2024, 2025-e, 2030-f)
8.1. INTRODUCTION
8.2. NORTH AMERICA
8.2.1. BY TYPE
8.2.2. BY END USER
8.2.3. BY COUNTRY
8.2.3.1. US
8.2.3.1.1. BY END-USER
8.2.3.2. CANADA
8.2.3.3. MEXICO
8.3. ASIA PACIFIC
8.3.1. BY TYPE
8.3.2. BY END USER
8.3.3. BY COUNTRY
8.3.3.1. CHINA
8.3.3.1.1. BY END-USER
8.3.3.2. INDIA
8.3.3.3. JAPAN
8.3.3.4. REST OF ASIA PACIFIC
8.4. EUROPE
8.4.1. BY TYPE
8.4.2. BY END USER
8.4.3. BY COUNTRY
8.4.3.1. GERMANY
8.4.3.1.1. BY END-USER
8.4.3.2. UK
8.4.3.3. ITALY
8.4.3.4. FRANCE
8.4.3.5. REST OF EUROPE
8.5. MIDDLE EAST & AFRICA
8.5.1. BY TYPE
8.5.2. BY END USER
8.5.3. BY COUNTRY
8.5.3.1. GCC
8.5.3.1.1. SAUDI ARABIA
8.5.3.1.1.1. BY END-USER
8.5.3.1.2. UAE
8.5.3.1.3. REST OF GCC
8.5.3.2. SOUTH AFRICA
8.5.3.3. REST OF MIDDLE EAST & AFRICA
8.6. SOUTH AMERICA
8.6.1. BY TYPE
8.6.2. BY END USER
8.6.3. BY COUNTRY
8.6.3.1. BRAZIL
8.6.3.1.1. BY END-USER
8.6.3.2. ARGENTINA
8.6.3.3. REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1. KEY PLAYER STRATEGIES OVERVIEW
9.2. MARKET SHARE OF KEY PLAYERS, 2024
9.3. REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2020-2024
9.4. COMPETITIVE SCENARIO AND TRENDS
9.5. BRAND/PRODUCT COMPARISON
9.6. COMPANY VALUATION AND FINANCIAL METRICS
9.7. COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
9.7.1. STARS
9.7.2. EMERGING LEADERS
9.7.3. PERVASIVE PLAYERS
9.7.4. PARTICIPANTS
9.7.5. COMPANY FOOTPRINT: KEY PLAYERS, 2023
9.8. COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
9.8.1. PROGRESSIVE COMPANIES
9.8.2. RESPONSIVE COMPANIES
9.8.3. DYNAMIC COMPANIES
9.8.4. STARTING BLOCKS
9.8.5. COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
9.8.5.1. Detailed List of Key Startups/SMEs
9.8.5.2. Competitive Benchmarking of Key Startups/SMEs
10 COMPANY PROFILES
10.1. INTRODUCTION
10.1.1. SCHNEIDER ELECTRIC
10.1.1.1. Business Overview
10.1.1.2. Products & Services
10.1.1.3. Recent Developments
10.1.1.4. MnM View
10.1.1.4.1. Key strategies/right to win
10.1.1.4.2. Strategic choices made
10.1.1.4.3. Weaknesses/competitive threats
10.1.2. VERTIV GROUP CORP.
10.1.3. STULZ GMBH
10.1.4. ADVANCE COOLING SYSTEMS PVT. LTD.
10.1.5. AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
10.1.6. POWER PARTNERS GROUP.
10.1.7. ALFA LAVAL
10.1.8. ASETEK INC.
10.1.9. EMERSON
10.1.10. COOLIT SYSTEMS
10.1.11. GREEN REVOLUTION COOLING
10.1.12. HONEYWELL INTERNATIONAL INC.
10.1.13. LIQUIDSTACK HOLDING B.V.
10.1.14. MUNTERS
10.1.15. HITACHI ENERGY LTD.
10.1.16. JOHNSON CONTROLS
10.1.17. REYNOLD INDIA PRIVATE LIMITED.
10.1.18. SPX COOLING TECH, LLC
10.1.19. DELTA ELECTRONICS, INC.
10.1.20. ADVANCED COOLING TECHNOLOGIES
10.1.21. BRENTWOOD
10.1.22. ICEOTOPE
10.1.23. BERG CHILLING SYSTEMS INC
10.1.24. LG ELECTRONICS
10.1.25. DAIKIN
11 APPENDIX
11.1. INSIGHTS OF INDUSTRY EXPERTS
11.2. DISCUSSION GUIDE
11.3. KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4. CUSTOMIZATION OPTIONS
11.5. RELATED REPORTS
11.6. AUTHOR DETAILS
Growth opportunities and latent adjacency in Advanced Cooling Systems Market