Industrial cooling systems market seen topping $30 billion by 2030

A new Business Research Company report says the global industrial cooling systems market is headed for more than $30 billion by 2030, driven by industrial growth, energy-efficiency upgrades and data center expansion. Asia-Pacific is projected to be the largest region and the U.S. the largest country in the market.

Why it matters: - The industrial cooling systems market is moving into a higher-growth phase as factories, power facilities and data centers need more reliable thermal management. - The market’s projected scale suggests cooling equipment will take a larger share of industrial machinery spending over the next several years. - Industrial buyers are also under pressure to cut energy use, which is increasing demand for more efficient cooling technologies.

What happened: - The Business Research Company released its Industrial Cooling Systems Market Report 2026, covering market size, trends and a global forecast for 2026-2035. - The report projects the global industrial cooling systems market will surpass $30 billion in 2030. - The market is expected to account for about 8% of the broader Other Industrial Machinery market, estimated at roughly $360 billion by 2030. - Within the wider Machinery industry, estimated at $5.28 trillion by 2030, industrial cooling systems are forecast to represent nearly 1% of total market value.

The details: - Asia-Pacific is projected to be the largest regional market in 2030 at $11 billion, up from $8 billion in 2025. - Asia-Pacific is expected to grow at a 7% CAGR, supported by industrial expansion in China, India and Southeast Asia. - Growth in Asia-Pacific is tied to data center investment, digitalization, thermal management demand in manufacturing and power generation, energy-efficient cooling adoption, and expansion in petrochemical, pharmaceutical and food processing industries. - The U.S. is projected to be the largest country market in 2030 at $7 billion, up from $5 billion in 2025. - The U.S. market is expected to grow at a 7% CAGR, driven by hyperscale data centers, high-capacity industrial cooling, process cooling needs in pharmaceuticals and food processing, reduced downtime goals and critical infrastructure spending. - By type, water cooling systems are expected to be the largest segment in 2030, accounting for 46% of the market and about $14 billion in value. - Water cooling systems are supported by strong heat dissipation, use in power plants and data centers, continuous cooling needs in high-temperature manufacturing, lower operating costs and advances in water treatment and recirculation. - The market is also segmented by function into transport cooling and stationary cooling. - End-user segments include power generation, industrial manufacturing, petrochemical processing, food processing and storage, petroleum and natural gas refining, pharmaceuticals, data centers and other end users. - The report says the expected CAGR for the market through 2030 is 7%. - The report identifies three main growth drivers: rising industrialization and manufacturing, growing demand for energy-efficient cooling solutions, and expansion of data centers and IT infrastructure. - Rising industrialization and manufacturing activities are projected to contribute about 2.8% annual growth to the market. - Growing demand for energy-efficient cooling solutions is projected to contribute about 2.5% annual growth. - Expansion of data centers and IT infrastructure is projected to contribute about 2.2% annual growth. - The report says the biggest growth opportunities through 2030 are in water cooling, evaporative cooling, air cooling, hybrid cooling and other types. - Those segments are projected to add more than $9.3 billion in market value by 2030. - Over the next five years from 2025 to 2030, water cooling systems are projected to grow by $4 billion, evaporative cooling systems by $2 billion, air cooling systems by $2 billion, hybrid cooling systems by $1 billion and other types by $0.3 billion. - The report is being offered as a free sample and as a full detailed market report through the company’s website: Request a free sample and Access the detailed report.

Between the lines: - The forecast points to cooling infrastructure becoming a strategic necessity, not just an equipment purchase, as industrial sites and digital infrastructure become more heat-intensive. - Water cooling’s lead suggests buyers still favor systems that can handle large thermal loads efficiently in high-demand environments. - The combination of industrialization and data center buildout shows the market is being pulled by both traditional manufacturing and digital infrastructure.

What's next: - The report expects growth to continue through 2030 as industrial activity, efficiency mandates and data center construction increase. - Future demand will likely favor systems that balance cooling performance, operating cost and energy efficiency. - The Business Research Company says its 2026 reports include market attractiveness scoring, TAM analysis, company scoring matrix graphics, forecasting dashboards and market hotspot infographics.