Cooling Systems Global Market Report 2026

Cooling systems are mechanical or natural systems designed to remove excess heat from equipment, processes, or environments to maintain optimal operating temperatures. These systems are commonly used in industries, vehicles, and buildings to prevent overheating and ensure efficient and reliable performance.

The main types of cooling systems include air cooling systems, liquid cooling systems, and hybrid cooling systems. Air cooling systems utilize airflow to dissipate heat from equipment or spaces, helping to maintain ideal temperatures and prevent thermal damage. Key components of these systems include compressors, coolers, evaporators, and condensers. They are applied in various areas such as personal computer gaming, digital animation, entertainment, data centers, the medical industry, and automotive applications, serving a broad range of end users in the residential, commercial, and industrial sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the cooling systems market by increasing prices of imported compressors, condensers, heat exchangers, and electronic components. Liquid cooling and hybrid systems are most affected, particularly in asia pacific manufacturing regions. Higher system costs have impacted large scale industrial and data center deployments. At the same time, tariffs are driving localized production and innovation in cost efficient cooling technologies.

The cooling systems market research report is one of a series of new reports from The Business Research Company that cover cooling systems market statistics, including the cooling systems industry's global market size, regional shares, competitors with the cooling systems market share, detailed cooling systems market segments, market trends and opportunities, and any further data you may need to thrive in the cooling systems market. This cooling systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cooling systems market size has grown strongly in recent years. It will grow from $158.14 billion in 2025 to $166.17 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to industrial equipment heat management, growth of computing hardware, automotive thermal needs, commercial building cooling demand, electronics miniaturization.

The cooling systems market size is expected to see steady growth in the next few years. It will grow to $200.13 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to data center expansion, electric vehicle thermal management, high performance computing growth, energy efficiency regulations, advanced cooling technology innovation. Major trends in the forecast period include rising adoption of liquid cooling technologies, growth of cooling solutions for data centers, increasing demand for energy efficient systems, integration of smart thermal management, expansion of hybrid cooling architectures.

The expansion of data centers is expected to drive the growth of the cooling systems market in the coming years. A data center is a facility that houses computer systems and related components such as servers and storage to store, manage, and process large volumes of digital information. The increasing number of data centers is primarily fueled by rapid growth in digital data consumption and rising demand for faster, more reliable data storage and processing infrastructure. Cooling systems are essential for maintaining optimal operating temperatures in these facilities, ensuring efficiency, preventing overheating, and reducing the risk of equipment failure. For example, in September 2024, the National Telecommunications and Information Administration, a U.S. government agency, reported that the United States had approximately 5,000 data centers, with demand projected to grow at around 9 percent annually until 2030. Therefore, the continued expansion of data centers is expected to propel the cooling systems market forward.

Leading companies in the cooling systems market are developing advanced technologies, such as specialized commercial vehicle cooling systems, to improve performance and minimize environmental impact. These systems are designed to regulate engine and cabin temperatures in commercial vehicles like trucks and buses, enhancing operational efficiency and safety. For instance, in September 2023, DENSO Corporation, a Japan-based automotive components manufacturer, launched Everycool, a cooling system tailored for trucks. This system increases cooling efficiency while reducing environmental footprint by directing cool air specifically toward the driver to enhance comfort. It also reduces power consumption by approximately 57 percent compared to traditional systems, making it suitable for use with standard vehicle batteries. The integrated design combines indoor and outdoor fans into one compact unit, which is 30 percent smaller and 63 percent lighter than conventional models. This compact form factor helps preserve cabin space and cargo capacity and allows installation across various commercial vehicle types without obstructing rear window visibility.

In November 2024, Flex Ltd., a U.S.-based electronics manufacturing services company, acquired JetCool Technologies for an undisclosed sum. The acquisition is intended to bolster Flex Ltd.'s capabilities in the data center and power solutions space by incorporating JetCool's advanced liquid cooling technology. This move aims to support the development of scalable, energy-efficient solutions tailored for high-performance computing (HPC) and artificial intelligence (AI) workloads. JetCool Technologies Inc. is a U.S.-based firm specializing in high-performance liquid cooling systems designed for use in data centers and AI infrastructure.

Major companies operating in the cooling systems market are Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, Daikin Industries Ltd., Johnson Controls International PLC, Carrier Global Corporation, Danfoss A/S, Vertiv Holdings Co, Super Micro Computer Inc., Alfa Laval AB, Comfort Systems USA, Viessmann Group, Havells India Limited, Godrej And Boyce Mfg. Co. Ltd, SPX Technologies Inc., Voltas Limited, Arctic GmbH, Blue Star Limited, Baltimore Aircoil Company Inc., Symphony Limited, Submer Technologies SL, Asetek A/S, Polyscience Inc., Cooler Master Technology Inc., Iceotope Technologies Limited, Asperitas B.V.

North America was the largest region in the cooling systems market in 2025. The regions covered in the cooling systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the cooling systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cooling systems market consists of revenues earned by entities by providing services such as installation services, maintenance and repair services, retrofitting and upgradation, design services, and remote monitoring and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The cooling systems market also includes sales of air conditioners, chillers, cooling towers, heat exchangers, and refrigeration units. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Cooling Systems Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses cooling systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cooling systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cooling systems market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Air Cooling Systems; Liquid Cooling Systems; Hybrid Cooling Systems
• 2) By Component: Compressors; Coolers; Evaporators; Condensers
• 3) By Application: Data Centers; Medical Industry; Automotive; Other Applications
• 4) By End Use: Residential; Commercial; Industrial
• Subsegments:
• 1) By Air Cooling Systems: Forced Air Cooling; Natural Air Cooling; Fan-Based Cooling; Heat Sink Cooling
• 2) By Liquid Cooling Systems: Direct Liquid Cooling; Indirect Liquid Cooling; Immersion Cooling; Microchannel Cooling
• 3) By Hybrid Cooling Systems: Air-Liquid Hybrid Cooling; Phase Change Hybrid Cooling; Thermoelectric Hybrid Cooling
• Companies Mentioned: Siemens AG; Schneider Electric SE; Mitsubishi Electric Corporation; Daikin Industries Ltd.; Johnson Controls International PLC; Carrier Global Corporation; Danfoss A/S; Vertiv Holdings Co; Super Micro Computer Inc.; Alfa Laval AB; Comfort Systems USA; Viessmann Group; Havells India Limited; Godrej And Boyce Mfg. Co. Ltd; SPX Technologies Inc.; Voltas Limited; Arctic GmbH; Blue Star Limited; Baltimore Aircoil Company Inc.; Symphony Limited; Submer Technologies SL; Asetek A/S; Polyscience Inc.; Cooler Master Technology Inc.; Iceotope Technologies Limited; Asperitas B.V.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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