Top 50 Companies in Radiative Cooling Technology Market 2025: Strategic Overview and Future Trends (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Radiative Cooling Technology Market Size is projected to grow from USD 39220.18 Million in 2024 to USD 105990.98 Million by 2035, at a CAGR of 9.46% during the forecast period 2025–2035. The market for radiative cooling technology is in greater demand due to the growing emphasis on energy-efficient and sustainable infrastructure. In order to promote the use of passive cooling systems like radiative cooling panels, governments and regulatory agencies around the world are enacting strict construction norms and energy standards.
Introduction
Radiative Cooling Technology Market Size is a passive cooling technique that allows surfaces to dissipate heat by releasing infrared radiation into space through the Earth's atmosphere. Radiative cooling is a novel passive technique that allows surfaces to cool by releasing infrared radiation into space through particular atmospheric windows (8–13 μm). It uses less energy and is more environmentally friendly than traditional cooling systems because it doesn't require electricity or mechanical parts to function. By using materials with strong solar reflectivity and thermal emissivity, this technology works especially well throughout the day, even under direct sunshine. Applications include cooling electronic equipment, automobiles, and building surfaces. This technology's growth is being driven by the increasing need for energy-efficient and sustainable solutions, and developments in material science are making it more effective and applicable in a wider range of industries.
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Radiative Cooling Technology Market Size & Statistics
- The Market Size for Radiative Cooling Technology Was Estimated to be worth USD 39220.18 Million in 2024.
- The Market Size is Going to Expand at a CAGR of 9.46% between 2025 and 2035.
- The Global Radiative Cooling Technology Market Size is anticipated to reach USD 105990.98 Million by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Radiative Cooling Technology Market
- North America is expected to grow the fastest during the forecast period in the Radiative Cooling Technology Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the radiative cooling technology market. The market for radiative cooling technology is now growing in North America due to the growing commercial building industry, where the use of energy-efficient technologies is becoming more and more important. Significant advantages of radiant cooling technologies include lower energy use and improved indoor comfort, which is consistent with the increased focus on cost-effectiveness and sustainability in building design and management. As a result, North American business infrastructures are increasingly integrating radiative cooling systems.
Asia Pacific is expected to generate the highest demand during the forecast period in the radiative cooling technology market. The radiative cooling technology market with the quickest rate of growth throughout the study period is anticipated to be in the Asia Pacific. China's fast urbanisation and rising residential and commercial construction activity are the main causes of this expansion. With a greater need for energy-efficient solutions like radiant cooling systems, the building industry is predicted to be a significant economic driver this decade. These systems are becoming more popular because they can lessen the effects of urban heat islands and climate change, which is in line with the region's sustainability objectives.
Top 10 trends in the Radiative Cooling Technology Market
- Integration with Renewable Energy Systems
- Water Conservation in Cooling Systems
- Urban Heat Island Mitigation
- Advancements in Material Science
- Flexible and Adaptive Cooling Solutions
- Government Incentives and Regulations
- Commercial Building Sector Growth
- Emerging Applications in Space Technology
- Integration with Smart Building Technologies
- Research and Development Investments
1. Integration with Renewable Energy Systems
In radiative cooling technology, integration with renewable energy systems is becoming more and more popular. Combining photovoltaic modules with radiative cooling is one potential strategy that allows for the simultaneous generation of power and passive cooling from the same surface area. New developments in photonic coatings, including PDMS pyramid structures or silica photonic crystals, can improve output and reduce PV temperatures by more than 10 °C. These developments increase system efficiency by combining radiative cooling and solar energy into a single design.
2. Water Conservation in Cooling Systems
As a way to save water by lowering reliance on conventional evaporative cooling systems, radiant cooling is becoming more and more popular. When combined with evaporative wet cooling, a supplemental radiative sky cooling system in thermal power plants can result in yearly water savings of 30-60% in hot, arid locations and 50–90% elsewhere, all without sacrificing efficiency. With only a small efficiency cost, a completely independent radiative system can completely eliminate water use. When radiative cooling is combined with cold storage and wet cooling, concentrated solar power plants can cut water usage by 40–60% during the day and up to 65 - 85% when they are working day and night.
3. Urban Heat Island Mitigation
Radiative cooling technology is becoming more popular as a passive way to lower urban temperatures by mitigating urban heat islands. In contrast to conventional cooling, radiative cooling enables surfaces, such as facades and roofs, to radiate infrared light into space throughout the day through the 813 µm atmospheric window. In the presence of sunshine, recent technologies like micropatterned directional emitters show notable temperature decreases of up to 1.5 below ambient, indicating their potential for efficiently cooling metropolitan areas and structures. Furthermore, simulations demonstrate that in dense urban environments, super-cool broadband radiative materials perform better than traditional passive techniques such as reflective or green surfaces in lowering the planetary boundary layer and ambient air temperatures. These advancements highlight the potential of radiative cooling to improve urban thermal comfort and lessen the effects of UHI.
4. Advancements in Material Science
Technological advances in radiative cooling are being driven by recent advances in material science. Drawing inspiration from the microstructure of the whitest beetle, researchers have created a ceramic material with remarkable solar reflection, resulting in remarkable cooling during the day and strong durability. In the meantime, artificial intelligence is developing coatings that create paints that efficiently reflect sunlight and release heat, keeping buildings 5–20 degree cooler than traditional options. The industry-leading performance of machine learning-guided metasurface emitters is demonstrated by their broad-angle heat emission, high emissivity, and 15.4 temperature reduction. These developments demonstrate how the performance and applicability of radiative cooling materials are being enhanced by a combination of nature-inspired designs, sophisticated photonic structures, and AI-driven production.
5. Flexible and Adaptive Cooling Solutions
Innovations in flexible and adaptive radiative cooling are greatly improving thermal management in a variety of applications. The electrospun thermoplastic polyurethane nanofiber membrane is a noteworthy advancement that can mechanically stretch to reversibly transition between solar heating and radiative cooling, attaining a temperature rise of 9.5 while elongated and a decrease of 10 when unstretched. A magnetically attachable flexible radiative cooling film including a polymer metasurface on a magnetic layer is another innovation. Its enhanced thermal contact and ease of reattachment allow it to cool stainless steel surfaces by up to 15.2. These flexible technologies open the door for more effective and customised passive cooling systems by providing dynamic temperature management and adaptability across uneven surfaces.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the radiative cooling technology market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Radiative Cooling Technology Market
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Spacecool Inc.
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SkyCool Systems Inc.
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Radi-Cool Sdn Bhd
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ChillSkyn
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3M
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SRI International
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Messana Radiant Cooling
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Advanced Cooling Technologies Inc.
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Cable Coatings Limited
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MetaRE Inc.
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Jardine Engineering Corporation (JEC)
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Giacomini Spa
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Danfoss Group
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Emerson Electric Co.
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Rehau
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Synapse Product Development
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Saint-Gobain
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Dow Inc.
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Gentherm
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Others
1. Spacecool Inc.
Headquarters: Minato-ku, Tokyo
Spacecool Inc., a climate technology company based at the Toranomon Hills Incubation Centre in Minato-ku, Tokyo, Japan, specializes in developing and marketing SPACECOOL, an advanced radiative cooling material. Featuring a multi-layered structure, this flexible optical film achieves over 95% solar reflectivity and 95% infrared emissivity in the atmospheric window, enabling passive zero-energy cooling even under direct sunlight. Its versatile solutions—such as films, magnetic sheets, membranes, tarpaulins, and canvases are applied in buildings, trucks, tents, and outdoor equipment to reduce heat and enhance thermal comfort.
2. SkyCool Systems Inc.
Headquarters: United States
SkyCool Systems Inc., a clean-tech startup headquartered in Mountain View, California, pioneered radiative cooling systems that utilize the coolness of the sky to passively cool refrigeration units and buildings. Its proprietary radiative cooling film and rooftop panel technologies are engineered to reflect sunlight and radiate heat as infrared radiation into space, delivering cooling even in direct sunlight without the use of water. Retrofitting these panels onto existing refrigeration or air conditioning systems reduces energy consumption by 15–40%, while complete replacements can cut cooling energy demand by 80–90%. By leveraging cutting-edge technology, SkyCool transforms the sky into a sustainable cooling source, reducing both operating costs and greenhouse gas emissions.
3. RADI-COOL SDN BHD
Headquarters: Kuala Lumpur
RADI-COOL SDN BHD, based in Kuala Lumpur, Malaysia, specializes in the manufacturing and marketing of chilled water and cooled air systems, primarily offering cooling solutions for commercial applications. The company serves a wide range of clients across Malaysia and positions itself as a trusted supplier of HVAC and refrigeration equipment.
4. ChillSkyn
Headquarters: Quebec, Canada
ChillSkyn Inc., a Montreal-based nanotechnology company, leads in Passive Daytime Radiative Cooling solutions. Its flagship product, PolyFrost, provides significant sub-ambient cooling by reflecting solar radiation and releasing infrared heat into space. Through advanced nanostructured coatings, ChillSkyn delivers zero-energy cooling solutions. Applications include battery energy storage systems, electronic enclosures, and refrigerated transportation, offering efficient and low-emission temperature control across multiple industries.
5. 3M
Headquarters: Minnesota, USA
3M Company, a U.S.-based multinational corporation, is globally recognized for its wide-ranging product portfolio, including adhesives, abrasives, laminates, films, personal protective equipment, and various consumer and industrial goods. Known for its innovation across diverse sectors such as healthcare, electronics, industrial supply, and safety, 3M continues to be a global leader. Its corporate headquarters, along with numerous general offices and research laboratories, are located in Maplewood, a suburb of Saint Paul, Minnesota, USA.
Company Profiles
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Spacecool Inc.
• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Mergers and Acquisitions
• SWOT Analysis -
SkyCool Systems Inc.
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RADI-COOL SDN BHD
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ChillSkyn
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3M
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SRI International
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Messana Radiant Cooling
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Advanced Cooling Technologies Inc.
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Cable Coatings Limited
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MetaRE Inc.
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Jardine Engineering Corporation (JEC)
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Giacomini Spa
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Danfoss Group
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Emerson Electric Co.
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Rehau
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Synapse Product Development
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Saint-Gobain
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Dow Inc.
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Gentherm
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Others
Conclusion
The Radiative Cooling Technology Market is accelerating due to the rising demand for sustainable and energy-efficient cooling solutions. By offering a passive cooling alternative, this technology reduces reliance on conventional air conditioners, thereby lowering energy consumption and greenhouse gas emissions. Additionally, advancements in materials science have enhanced the efficiency and cost-effectiveness of radiative cooling systems, making them increasingly attractive for diverse applications. Government incentives and energy-efficiency regulations further support their adoption. As urbanization accelerates and environmental concerns intensify, radiative cooling technologies are expected to gain continued momentum, contributing to the development of more energy-efficient and sustainable infrastructure and buildings.
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