The Cooling Systems Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cooling Systems Market?
The market size of the cooling systems has seen significant growth in recent years. The market size is projected to increase from $150.42 billion in 2024 to $158.14 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cooling Systems Industry?
The Cooling Systems Global Market is projected to reach a value of $191.2 billion in 2029, with a compound annual growth rate of 4.9%.
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What are the Key Growth Drivers Fueling the Cooling Systems Market?
The key drivers in the cooling systems market are:
• Increasing focus on sustainable cooling technologies
• Growing attention on indoor air quality
• Rising demand for smart and IoT-enabled cooling systems
• Increased need for cooling in electric vehicle infrastructure
Global Market Segmentation: Identifying Major Cooling Systems Industry Segments
The cooling systems market covered in this report is segmented –
1) By Type: Air Cooling Systems, Liquid Cooling Systems, Hybrid Cooling Systems
2) By Component: Compressors, Coolers, Evaporators, Condensers
3) By Application: Personal Computer Gaming, Digital Animation, Entertainment Industry, Data Centers, Medical Industry, Automotive, Other Applications
4) By End Use: Residential, Commercial, Industrial
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What are the Emerging Trends Shaping the Future of the Cooling Systems Market?
The key trends in the cooling systems market are:
• There is an increasing focus on technology advancements in smart cooling systems.
• The trend of developing hybrid cooling solutions is emerging.
• Integration with renewable energy sources is shaping the future of the market.
• Innovations in phase change materials and integration with district cooling networks mark significant trends.
Who Are the Top Competitors & Leading Players in the Cooling Systems Market?
Major players in the cooling systems market are:
• Siemens AG
• Intel Corporation
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Daikin Industries Ltd.
• Nvidia Corporation
• 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.
Regional Dominance: Which Area Leads the Global Cooling Systems Market?
North America was the largest region in the cooling systems market in 2024
