PUBLISHER: The Business Research Company | PRODUCT CODE: 1932644
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932644
Industrial cooling systems encompass a diverse range of equipment and apparatus tailored to extract heat from industrial processes, machinery, or facilities, ensuring optimal operational conditions. These systems play a vital role in temperature regulation, preventing equipment overheating, upholding product quality, and fostering conducive working environments for employees.
The primary categories of industrial cooling systems comprise water cooling systems, evaporative cooling systems, air cooling systems, hybrid cooling systems, among others. Water-cooling systems utilize water as a coolant to effectively dissipate significant heat from industrial processes or equipment. They serve as integral components in various industries such as power generation, industrial manufacturing, petrochemical processing, food storage and processing, petroleum refining, natural gas refining, pharmaceuticals, data centers, and numerous other 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 are affecting the industrial cooling systems market by increasing the cost of imported heat exchangers, compressors, pumps, and electronic control units. Power generation, data centers, and industrial manufacturing facilities in North America and Europe are most impacted due to reliance on imported cooling equipment, while Asia-Pacific exporters face cost pressures. These tariffs are raising system costs and delaying installations. However, they are also encouraging localized manufacturing, regional sourcing, and innovation in efficient and modular cooling system designs.
The industrial cooling system research report is one of a series of new reports from The Business Research Company that provides industrial cooling system market statistics, including the industrial cooling system industry's global market size, regional shares, competitors with an industrial cooling system market share, detailed industrial cooling system market segments, market trends and opportunities, and any further data you may need to thrive in the industrial cooling system industry. This industrial cooling system 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 industrial cooling systems market size has grown strongly in recent years. It will grow from $21.4 billion in 2025 to $22.78 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to expansion of industrial manufacturing, demand for temperature control, growth of power generation plants, reliance on water cooling systems, industrial equipment heat management.
The industrial cooling systems market size is expected to see strong growth in the next few years. It will grow to $30.45 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to data center expansion, industrial decarbonization goals, adoption of smart cooling technologies, demand for water-efficient systems, industrial automation growth. Major trends in the forecast period include adoption of energy-efficient cooling systems, expansion of data center cooling demand, integration of smart cooling controls, growth of industrial process cooling, shift toward hybrid cooling solutions.
The rising focus on renewable energy integration is expected to propel the growth of the industrial cooling systems market going forward. Renewable energy refers to energy generated from naturally replenishing sources that are considered environmentally sustainable. Industrial cooling systems play a critical role in maintaining optimal operating temperatures for renewable energy infrastructure, ensuring performance, longevity, and reliability. This is essential for the efficient operation of systems such as wind turbines, solar power plants, and energy storage units, supporting their broader adoption. For instance, in January 2023, according to the U.S. Energy Information Administration, renewable energy sources such as wind and solar were expected to contribute 16% of total energy generation in 2023, up from 14% in 2022. Therefore, the rising focus on renewable energy integration is driving the growth of the industrial cooling systems market.
Leading companies in the industrial cooling systems market are introducing innovative products, such as commercial vehicle cooling systems, to enhance performance, improve fuel efficiency, and comply with stricter environmental regulations. Commercial vehicle cooling systems are specifically designed to regulate the temperature of engines and other components in trucks, buses, and other large vehicles, preventing overheating and ensuring optimal performance. For example, in September 2023, Denso Corporation, a Japan-based automotive manufacturer, launched Everycool. Everycool is a compact and energy-efficient cooling system for commercial vehicles, aimed at improving driver comfort when the engine is off. It reduces power consumption by 57% and is compatible with a wide variety of trucks, including medium and large models.
In May 2023, Trane, an Ireland-based equipment manufacturer renowned for its expertise in air conditioning systems and services, completed the acquisition of MTA SpA for an undisclosed sum. This strategic acquisition is geared towards fortifying Trane's European presence and augmenting its portfolio, particularly in rental and service provisions for process cooling solutions. Moreover, this move positions Trane to diversify into sustainable air conditioning and air handling solutions tailored for industrial applications, thereby solidifying its standing in the sector. MTA SpA, an Italian company specializing in crafting cooling solutions for the automotive, industrial, and rail industries, aligns with Trane's objectives for expanding its offerings and expertise in the cooling solutions market.
Major companies operating in the industrial cooling systems market are Schneider Electric SE, ABB Ltd, DAIKIN Industries Ltd., Johnson Controls International plc, Carrier Corporation, Emerson Electric Co., Trane Technologies, Danfoss A/S, Xylem Inc., Alfa Laval AB, GEA Group Aktiengesellschaft, Rittal GmbH & Co. KG, Black Box Corporation, SPX Corporation, BITZER Kuhlmaschinenbau GmbH, Babcock & Wilcox Enterprises Inc., EVAPCO Inc., Baltimore Aircoil Company Inc., LU-VE S.p.A., Brentwood Industries Inc., Hamon Group S.A., ABCO HVACR Supply & Solutions, Guntner GmbH & Co. KG, ENEXIO Management GmbH, Airedale International Air Conditioning Ltd., Mayekawa MFG Co. Ltd., Thermal Care Inc., Robson Industries Inc.
Asia-Pacific was the largest region in the industrial cooling system market in 2025. The regions covered in the industrial 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 industrial cooling systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial cooling system market consists of sales of chillers, heat exchangers, and cooling towers. 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.
Industrial 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 industrial 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.
Where is the largest and fastest growing market for industrial 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 industrial 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.
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