Global Industrial Cooling System
Market Report
2025
The global industrial cooling system market size is USD 21.2 billion in 2024. The industrial cooling system market will show the strongest growth with a CAGR of 5.8% from 2024 to 2031. This rise can be linked to increased energy-efficient cooling solutions demands across a wide range of industries.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global industrial cooling system market size reached USD 21.2 billion in 2024 and will expand at a CAGR of 5.8% from 2024 to 2031.
As per the current market study, out of 24138 Million USD global market revenue 2025, North America market holds 31.11% of the market share. The North America Industrial Cooling System industry grew from 5859.36 Million USD in 2021 to 7509.43 Million USD in 2025 and will record 78.03% growth. In coming future this industry will reach 12524.7 Million by 2033 with a 6.603% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (69.18%), Canada (22.06%), Mexico (8.76%)
As per the current market study, out of 24138 Million USD global market revenue 2025, Europe market holds 24.27% of the market share. The Europe Industrial Cooling System industry grew from 4547.01 Million USD in 2021 to 5858.38 Million USD in 2025 and will record 77.62% growth. In coming future this industry will reach 9872.89 Million by 2033 with a 6.742% CAGR. If we look at the percentage market shares of top Europe countries for 2025,United Kingdom (17.73%), Germany (24.25%), France (14.69%), Italy (10.23%), Russia (14.46%), Spain (4.81%), Sweden (3.64%), Denmark (3.00%), Switzerland (3.20%), Luxembourg (1.48%), Rest of Europe (2.51%)
As per the current market study, out of 24138 Million USD global market revenue 2025, Asia Pacific market holds 17.76% of the market share. The Asia Pacific Industrial Cooling System industry grew from 3179.21 Million USD in 2021 to 4287.5 Million USD in 2025 and will record 74.15% growth. In coming future this industry will reach 7549.46 Million by 2033 with a 7.328% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,China (32.01%), Japan (13.76%), India (14.77%), South Korea (6.83%), Australia (6.19%), Singapore (11.61%), South East Asia (6.83%), Taiwan (3.30%)
As per the current market study, out of 24138 Million USD global market revenue 2025, South America market holds 12.38% of the market share. The South America Industrial Cooling System industry grew from 2365.92 Million USD in 2021 to 2988.32 Million USD in 2025 and will record 79.17% growth. In coming future this industry will reach 4868.94 Million by 2033 with a 6.292% CAGR. If we look at the percentage market shares of top South America countries for 2025,Brazil (37.11%), Argentina (21.42%), Colombia (14.72%), Peru (7.40%), Chile (6.09%), Rest of South America (13.26%)
As per the current market study, out of 24138 Million USD global market revenue 2025, Middle East market holds 7.93% of the market share. The Middle East Industrial Cooling System industry grew from 1423.25 Million USD in 2021 to 1915.13 Million USD in 2025 and will record 74.32% growth. In coming future this industry will reach 3433.25 Million by 2033 with a 7.569% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (33.11%), Turkey (22.23%), UAE (16.51%), Egypt (11.66%), Qatar (9.67%), Rest of Middle East (6.83%)
As per the current market study, out of 24138 Million USD global market revenue 2025, Africa market holds 6.54% of the market share. The Africa Industrial Cooling System industry grew from 1109.03 Million USD in 2021 to 1579.25 Million USD in 2025 and will record 70.23% growth. In coming future this industry will reach 2915.29 Million by 2033 with a 7.964% CAGR. If we look at the percentage market shares of top Africa countries for 2025,Nigeria (35.52%), South Africa (46.15%), Rest of Africa (18.32%)
2021 | 2025 | 2033 | CAGR | |
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Global Industrial Cooling System Market Sales Revenue | $ 18483.8 Million | $ 24138 Million | $ 41164.5 Million | 6.9% |
North America Industrial Cooling System Market Sales Revenue | $ 5859.36 Million | $ 7509.43 Million | $ 12524.7 Million | 6.603% |
United States Industrial Cooling System Market Sales Revenue | $ 4138.65 Million | $ 5194.88 Million | $ 8570.78 Million | 6.459% |
Canada Industrial Cooling System Market Sales Revenue | $ 1202.14 Million | $ 1656.69 Million | $ 2999.39 Million | 7.702% |
Mexico Industrial Cooling System Market Sales Revenue | $ 518.565 Million | $ 657.852 Million | $ 954.534 Million | 4.763% |
Europe Industrial Cooling System Market Sales Revenue | $ 4547.01 Million | $ 5858.38 Million | $ 9872.89 Million | 6.742% |
United Kingdom Industrial Cooling System Market Sales Revenue | $ 764.282 Million | $ 1038.67 Million | $ 1860.52 Million | 7.559% |
Germany Industrial Cooling System Market Sales Revenue | $ 1077.64 Million | $ 1420.93 Million | $ 2445.63 Million | 7.023% |
France Industrial Cooling System Market Sales Revenue | $ 686.599 Million | $ 860.466 Million | $ 1396.89 Million | 6.244% |
Italy Industrial Cooling System Market Sales Revenue | $ 489.444 Million | $ 599.512 Million | $ 988.914 Million | 6.456% |
Russia Industrial Cooling System Market Sales Revenue | $ 665.102 Million | $ 846.979 Million | $ 1334.6 Million | 5.849% |
Spain Industrial Cooling System Market Sales Revenue | $ 229.179 Million | $ 281.692 Million | $ 417.378 Million | 5.038% |
Sweden Industrial Cooling System Market Sales Revenue | $ 168.239 Million | $ 213.249 Million | $ 306.06 Million | 4.62% |
Denmark Industrial Cooling System Market Sales Revenue | $ 140.717 Million | $ 175.535 Million | $ 266.568 Million | 5.361% |
Switzerland Industrial Cooling System Market Sales Revenue | $ 148.384 Million | $ 187.7 Million | $ 246.822 Million | 3.482% |
Luxembourg Industrial Cooling System Market Sales Revenue | $ 68.205 Million | $ 86.628 Million | $ 167.839 Million | 8.619% |
Rest of Europe Industrial Cooling System Market Sales Revenue | $ 109.218 Million | $ 147.031 Million | $ 441.667 Million | 14.739% |
Asia Pacific Industrial Cooling System Market Sales Revenue | $ 3179.21 Million | $ 4287.5 Million | $ 7549.46 Million | 7.328% |
China Industrial Cooling System Market Sales Revenue | $ 1014.43 Million | $ 1372.58 Million | $ 2441.01 Million | 7.462% |
Japan Industrial Cooling System Market Sales Revenue | $ 442.551 Million | $ 589.904 Million | $ 964.231 Million | 6.335% |
India Industrial Cooling System Market Sales Revenue | $ 448.617 Million | $ 633.383 Million | $ 1180.84 Million | 8.098% |
South Korea Industrial Cooling System Market Sales Revenue | $ 221.965 Million | $ 293.027 Million | $ 507.296 Million | 7.101% |
Australia Industrial Cooling System Market Sales Revenue | $ 203.023 Million | $ 265.364 Million | $ 452.163 Million | 6.889% |
Singapore Industrial Cooling System Market Sales Revenue | $ 379.341 Million | $ 497.717 Million | $ 853.248 Million | 6.97% |
South East Asia Industrial Cooling System Market Sales Revenue | $ 213.007 Million | $ 292.749 Million | $ 528.104 Million | 7.653% |
Taiwan Industrial Cooling System Market Sales Revenue | $ 101.735 Million | $ 141.488 Million | $ 286.88 Million | 9.238% |
South America Industrial Cooling System Market Sales Revenue | $ 2365.92 Million | $ 2988.32 Million | $ 4868.94 Million | 6.292% |
Brazil Industrial Cooling System Market Sales Revenue | $ 877.475 Million | $ 1109.09 Million | $ 1832 Million | 6.474% |
Argentina Industrial Cooling System Market Sales Revenue | $ 502.438 Million | $ 640.199 Million | $ 1071.17 Million | 6.646% |
Colombia Industrial Cooling System Market Sales Revenue | $ 344.878 Million | $ 439.96 Million | $ 748.756 Million | 6.872% |
Peru Industrial Cooling System Market Sales Revenue | $ 179.198 Million | $ 220.998 Million | $ 346.251 Million | 5.773% |
Chile Industrial Cooling System Market Sales Revenue | $ 147.263 Million | $ 181.912 Million | $ 287.768 Million | 5.9% |
Rest of South America Industrial Cooling System Market Sales Revenue | $ 314.672 Million | $ 396.169 Million | $ 583.005 Million | 4.948% |
Middle East Industrial Cooling System Market Sales Revenue | $ 1423.25 Million | $ 1915.13 Million | $ 3433.25 Million | 7.569% |
Saudi Arabia Industrial Cooling System Market Sales Revenue | $ 463.98 Million | $ 634.009 Million | $ 1187.73 Million | 8.163% |
Turkey Industrial Cooling System Market Sales Revenue | $ 320.232 Million | $ 425.733 Million | $ 748.481 Million | 7.308% |
UAE Industrial Cooling System Market Sales Revenue | $ 229.143 Million | $ 316.137 Million | $ 586.743 Million | 8.037% |
Egypt Industrial Cooling System Market Sales Revenue | $ 169.367 Million | $ 223.342 Million | $ 394.98 Million | 7.387% |
Qatar Industrial Cooling System Market Sales Revenue | $ 136.632 Million | $ 185.158 Million | $ 335.251 Million | 7.703% |
Rest of Middle East Industrial Cooling System Market Sales Revenue | $ 103.897 Million | $ 130.75 Million | $ 180.059 Million | 4.081% |
Africa Industrial Cooling System Market Sales Revenue | $ 1109.03 Million | $ 1579.25 Million | $ 2915.29 Million | 7.964% |
Nigeria Industrial Cooling System Market Sales Revenue | $ 389.268 Million | $ 561.024 Million | $ 1064.96 Million | 8.341% |
South Africa Industrial Cooling System Market Sales Revenue | $ 500.171 Million | $ 728.837 Million | $ 1395.21 Million | 8.455% |
Rest of Africa Industrial Cooling System Market Sales Revenue | $ 219.587 Million | $ 289.389 Million | $ 455.122 Million | 5.823% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Function |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Industrial Cooling System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The industrial cooling system market encompasses a broad spectrum of advanced technologies and equipment designed to regulate and manage the temperature of industrial processes, machinery, and environments. Industrial cooling systems include cooling towers, chillers, air coolers, and heat exchangers, each serving the key role of dissipating excess heat to maintain operational efficiency and safety in various industrial settings such as manufacturing plants, power stations, and chemical processing facilities. Rapid industrialization in emerging nations, greater demands for energy-efficient cooling solutions, and elevating awareness of the need to maintain optimal operating conditions in industrial processes are the primary drivers of market expansion.
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In May 2023, Johnson Controls, the global leader in smart and sustainable buildings, announced that it entered a definitive contract to acquire Gordon Brothers Industries (GBI), Australia's biggest industrial refrigeration (IR) solutions supplier of refrigeration system design, development, services, and spare parts. The inclusion of GBI will help Johnson Controls grow in the region and beyond. (Source:https://www.johnsoncontrols.com.au/media-center/news/2023/05/24/johnson-controls-to-acquire-gordon-brothers-industries)
Top Companies Market Share in Industrial Cooling System Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia Pacific commanded the market in 2024, accounting for roughly 34.8% share of the global revenue. The constantly expanding food and beverages sectors in India, Japan, South Korea, China, and Indonesia are likely to increase the need for efficient cooling systems. Food quality requirements, cost efficiency, and rising online food ordering demands are all promoting the rapid implementation of advanced cooling solutions, which is fueling the regional growth of the industrial cooling systems industry.
North America stands out as the fastest-growing region in the industrial cooling system market primarily due to rapid industrialization, especially in sectors such as manufacturing, data centers, and power generation. Besides, the increased focus on energy efficiency and sustainability, coupled with profound environmental standards throughout this region, further propels the market adoption of advanced cooling technologies.
The current report Scope analyzes Industrial Cooling System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Industrial Cooling System Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Cooling System Industry growth. Industrial Cooling System market has been segmented with the help of its Product Type, Function Application, and others. Industrial Cooling System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Evaporative cooling is the leading product type category. Evaporative process cooling is growing in market popularity due to its numerous advantages, such as cost-effectiveness, energy savings, and relatively low maintenance requirements. These systems deliver adequate cooling while consuming substantially less energy and do not rely on harmful chemicals or refrigerants, which makes them an ideal eco-friendly option. This energy efficiency is especially beneficial to enterprises trying to cut operating expenses and environmental impact.
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This report provides a comprehensive forecast of revenue growth for the Industrial Cooling System industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Function segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Function segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Function of Industrial Cooling System are:
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Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Cooling System Market is witnessing significant growth in the near future.
In 2023, the Air Cooling segment accounted for noticeable share of global Industrial Cooling System Market and is projected to experience significant growth in the near future.
The Stationary Cooling segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Airedale International Air Conditioning Ltd. (UK) , Inc. (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Air Cooling, Evaporative Cooling, Water Cooling, Hybrid Cooling |
Function | Stationary Cooling, Transport Cooling |
Application | Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing & Storage, Oil & Gas Refining, Pharmaceuticals, Data Centers, Others |
List of Competitors | Airedale International Air Conditioning Ltd. (UK), Babcock & Wilcox Enterprises, Inc. (US), Black Box Corporation (US), Brentwood Industries, Inc. (US), Emerson Electric Co. (US), ENEXIO Management GmbH (Germany), EVAPCO, Inc. (US), Hamon Group (Belgium), Johnson Controls Inc. (US), Paharpur Cooling Towers Limited (India), Rittal GmbH & Co. KG (Germany), Robson Industries Inc. (US), Schneider Electric SE (France), SPX Corporation (US), Star Cooling Towers Pvt. Ltd. (India), STULZ GmbH (Germany), Thermal Care Inc. (US), Vertiv Group Corporation (US) |
This chapter will help you gain GLOBAL Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review Global Industrial Cooling System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review North America Industrial Cooling System Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review Europe Industrial Cooling System Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review Asia Pacific Industrial Cooling System Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review South America Industrial Cooling System Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review Middle East Industrial Cooling System Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review Middle East Industrial Cooling System Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Industrial Cooling System. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Function Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Cooling System market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Air Cooling have a significant impact on Industrial Cooling System market? |
What are the key factors affecting the Air Cooling and Evaporative Cooling of Industrial Cooling System Market? |
What is the CAGR/Growth Rate of Stationary Cooling during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Cooling System Market? |
Which region is expected to dominate the global Industrial Cooling System Market within the forecast period? |