How big is the cooling market

Q: How big was the cooling market in 2024 and what is its growth rate?

鈥疶he broader cooling sector was valued in 2024 of USD鈥�0.29鈥疊illion, growing at CAGRs of 22.5%.

Q: What is the projected total value of cooling market?

鈥疶he immersion of cooling market is expected to reach USD鈥�1.48鈥疊illion by 2031.

Q: What are the key drivers fuelling cooling market growth?

鈥疌ooling market include Key factors like energy efficiency demands, AI/datacenter heat load, and environmental regulation compliance.

Q: Which cooling technology segment is growing fastest in the cooling market?

In cooling market the鈥痠mmersion and liquid cooling submarkets lead with CAGRs of 22.5% outpacing traditional air-based systems.

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How big is the cooling market | Forecast Analysis 2031

Code: MTA5143

Publication Date: Jul 2025

What is the Cooling Market Size?

According to 绿帽社 internal database and industry insights, the Cooling market was valued at USD 0.29 billion in 2024 and is anticipated to exceed USD 1.48 billion by 2031, registering a steady at a CAGR of 22.5% during the forecast period.

Cooling Market growth is being driven by intensified energy-efficiency goals and the burgeoning need to manage heat loads from data centres and industrial equipment. New cooling solutions are becoming essential as hyperscale and edge computing infrastructures expand. Additionally, environmental regulations mandating reduced greenhouse emissions are accelerating adoption of advanced cooling systems.

Major Growth Factors of the Cooling Industry

Rising demand for energy-efficient heat management
Surge in data centers and high-performance computing
Shift from air-based to liquid/immersion cooling
Stricter environmental regulations on refrigerants
Growth in edge computing and telecom power density

Cooling Market Trends

Cooling Market trends are oriented toward hybrid and liquid cooling technologies that let you make designs that are small and work well. Combining smart monitoring systems with IoT-enabled controls is becoming the norm to improve performance and catch problems before they happen. Systems that use less water and more eco-friendly refrigerants are also becoming more popular.

Emerging Developments in the Cooling Industry

Cooling Market is anticipated to experience massive developments in Innovations in passive and radiative cooling coatings that reflect solar heat and emit thermal radiation that promise to save energy without using active systems. Researchers are also looking on multicaloric materials that change temperature when exposed to magnetic or electric fields. These could lead to silent, oil-free cooling choices in the future.