Top 15 Companies Powering the Future of Industrial Cooling Systems Market (2024–2035): Key Market Drivers, Demand and Insights
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Industrial Cooling Systems Market Size is projected to grow from USD 20.14 billion in 2024 to USD 35.64 billion by 2035, at a CAGR of 5.33% during the forecast period 2025–2035. This growth is driven by rising demand from energy-intensive industries, global expansion of data centers, and increasing focus on energy-efficient and environmentally friendly cooling solutions. Key trends include the adoption of hybrid cooling systems, smart control technologies, and water-saving innovations.
Introduction
Industrial cooling systems are essential pieces of infrastructure utilized in a variety of industries, including manufacturing, food and beverage, data centers, chemical processing, oil and gas, and power generation. The purpose of these systems is to control heat produced by equipment, procedures, or external conditions. They prolong the life of equipment, guarantee maximum operational efficiency, and stop overheating. Modern industrial cooling systems incorporate cutting-edge technologies like AI-based control systems, IoT sensors, variable frequency drives (VFDs), and eco-friendly refrigerants. This makes it possible for energy optimization, predictive maintenance, and real-time monitoring. Next-generation cooling systems are being used at an even faster rate due to the growing use of industrial automation and the global trend toward green production.
Key Market Drivers and Technological Advancements:
Growing concerns about food safety
Demands for cooling solutions are driven by increased scrutiny of the food and beverage industry's food safety standards. The increasing need for cooling solutions to maintain perishable goods while adhering to health regulations is expected to boost the global market for industrial cooling systems. The demand for processed and frozen goods is increased by the fast urbanization, which also raises the cost of cold storage facilities. By making investments in cooling technologies that can efficiently handle peak cooling demands, businesses can keep their competitive edge in the global market. Additionally, the expansion of the dairy products industry, which is demonstrated by the growing number of corporate collaborations, is a major driver of the global market. For instance, in April 2024, Delaval announced a cooperation with Serap, a prominent manufacturer of milk cooling tanks, whereby Serap will assume global responsibility for Delaval's milk cooling tanks.
Growth in data centers
The increasing number of data centers throughout the world is a major factor propelling the market for industrial cooling systems. The need for cooling systems in data center operations is being driven by the digital transformation brought about by industry 4.0 efforts. Because of their sensitivity to heat, the centers need sophisticated cooling systems, like liquid immersion cooling, to stay stable. For example, AAON received orders for liquid cooling data centers totaling USD 174.5 million in October 2024 in order to supply a specially created thermal management system. Modern HVAC systems are necessary to keep data centers running smoothly, which opens up lucrative potential for solution providers in the worldwide industrial cooling system market.
Industrial Cooling Systems Market Size & Statistics
- The market for industrial cooling systems was estimated to be worth USD 20.14 billion in 2024.
- The market is going to expand at a CAGR of 5.33% between 2025 and 2035.
- The Global Industrial Cooling Systems Market is anticipated to reach USD 35.64 billion by 2035.
- North America is expected to generate the highest demand during the forecast period.
- Asia Pacific is expected to grow the fastest during the forecast period
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the industrial cooling system market.
Demand for industrial cooling systems is being driven by the region's growing manufacturing sector, which is responsible for the market's expansion. For example, Hanhwa Aerospace and SK Enmove introduced immersion cooling ESS for lithium-ion battery modules in September 2024. APAC's fast urbanization has spurred industrialization in emerging nations, creating lucrative market potential. Furthermore, APAC's data centers are expanding as a result of rising internet and cloud service usage, which is driving up demand for cutting-edge cooling solutions. China is a global leader in manufacturing, which is responsible for the market's expansion. The country's business environment is empowered by important state-led industrial programs like Made in China 2025, which encourage domestic businesses to compete both domestically and internationally. China's high-tech manufacturing sector is expected to demand sophisticated cooling solutions for accurate temperature management as a result of these trends.
North America is expected to generate the highest demand during the forecast period in the industrial cooling system market. In the North American market for industrial cooling systems, the United States holds the largest revenue share. Data centers and the manufacturing industry are driving the market's expansion in the United States. According to research, the United States is home to more than 5000 data centers, making it the country with the most data centers worldwide. This creates a constant need for industrial cooling solutions. Furthermore, there is a growing need for sustainable solutions, which will increase demand for reliable industrial cooling systems. The growing number of government-backed contracts to develop innovative cooling systems can be advantageous for U.S. businesses.
Top 15 Companies Leading the Industrial Cooling Systems Market
- DynamicAirCooling
- Hexwise
- Accelsius
- HT-COOLING
- Captur Tower
- Cool Planet Technologies
- Ambiator
- O2 Natural Air
- Bereva
- Enaxiom
- Baltimore Aircoil
- Schneider Electric
- SPX Corporation
- Vertiv
- Asetek
1. DynamicAirCooling (DAC)
Headquarters - Poland
A gas-dynamic method is used by DynamicAirCooling (DAC) for industrial cooling systems. This method eliminates hazardous emissions by cooling warm air by reducing its thermal energy without the use of hydrofluorocarbons. By isentropically compressing and expanding air and harnessing its kinetic energy, DAC's method produces electricity. When this electricity is used to power the cooling units instead of conventional vapor compression systems, energy efficiency is increased. Because it maintains low working pressures of 2-3 bars, it lowers material and energy expenses. These systems offer economical and environmentally sustainable cooling options for homes, businesses, and industries. Both operating and capital expenses (CAPEX) are reduced as a result of the technology.
2. Hexwise's
Headquarters - Netherlands
Hexwise's air-cooled heat exchanger monitoring and analysis solutions maximize production and energy efficiency. Key factors like process temperatures, flow rates, mechanical condition, weather, and fouling are all continuously monitored by this technology. By examining this data, the business finds areas where it may save energy and achieve notable performance gains. The system includes continuous data processing and storage, sensor installation, and secure cloud connectivity. Its automated alerts guarantee prompt notifications of any problems found. The system lowers maintenance costs and downtime while improving heat exchanger mechanical state monitoring. Equipment uptime is also boosted as a result of this ongoing monitoring.
3. Accelsius
Headquarters - USA
Accelsius offers data center liquid cooling technologies that improve performance and energy economy. Its NeuCool platform supports up to 1500W per socket and uses a two-phase, direct-to-chip method. A safe dielectric refrigerant with a global warming potential of less than one is used in the system. With its integrated redundancy, auto-recovery capabilities, and hot-swappable parts, NeuCool optimizes uptime. Because of its robust design, the solution requires less specialist training and requires less maintenance. Because it is low-pressure and waterless, it does not carry the dangers of conventional liquid cooling.
4. HT-COOLING
Headquarters - Italy
The DC-DH, DC-DV, and DC-W line of dry and adiabatic cooling systems from HT-COOLING offers effective cooling for a variety of industrial processes. Cooling capacity for moderate industrial needs range from 30 to 540 kW with the DC-DH series. For bigger systems with 60–710 kW of capacity, the DC-DV series is designed. From 95 to 1100 kW, the DC-W series can handle the highest cooling demands. Through precise temperature control, these systems improve production rates and product quality. This is used in die-casting and other industries for precise thermoregulation, which guarantees effective molding cycles and energy savings. This allows medical molding methods to precisely cool multi-cavity molds at higher production speeds. In order to preserve elasticity and quality, the glass manufacturing business benefits from regulated cooling during annealing.
5. Captur
Headquarters - Spain
The Captur Tower incorporates dynamic air cooling (DAC) technology into cooling towers that are already in place. By removing CO2 from the cooling tower airflow, this lowers emissions. These systems' capacity and efficiency are increased by the integration of DAC, which also makes scale-up quick and dependable. With this solution, conventional cooling towers can contribute to the reduction of global emissions. By utilizing current infrastructure, the company offers a scalable and affordable approach to CO2 collecting. This is used by heavy sectors like chemical processing and power generation to promote sustainability and lower carbon footprints.
Are you ready to discover more about the industrial cooling systems market?
The report provides an in-depth analysis of the leading companies operating in the global industrial cooling systems market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- DynamicAirCooling
Business Overview
Company Snapshot
Products Overview
Company Market Share Analysis
Company Coverage Portfolio
Financial Analysis
Recent Developments
Merger and Acquisitions
SWOT Analysis
- Hexwise
- Accelsius
- HT-COOLING
- Captur Tower
- Cool Planet Technologies
- Ambiator
- O2 Natural Air
- Bereva
- Enaxiom
Conclusion
The market for industrial cooling systems is expanding quickly on a global scale as energy efficiency, automation, and sustainability gain prominence. The need for intelligent, low-impact cooling systems is growing as a result of rising global temperatures, the digital revolution, and growing industrial bases. To address today's cooling difficulties, businesses are utilizing AI, hybrid technologies, and eco-friendly refrigerants. Future leaders in this crucial field will be determined by strategic investments and technical innovation.
About the Spherical Insights & Consulting
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