Cooling and Heating as a Service Market, By Service Model (Subscription-Based, Pay-per-Use, Hybrid Models, and Others), By Service Type (Cooling as a Service (Process Cooling, Space Cooling, and Spot Cooling) and Heating as a Service (Process Heating, Spa

Global cooling and heating as a service market is witnessing significant growth owing to increasing demand for energy efficient and cost-effective solutions from commercial as well as residential sectors. With rising energy costs and focus on reducing carbon footprint, many organizations and building owners are opting for centralized cooling and heating services provided by specialized players. These services help in avoiding large capital expenditures on purchasing equipment and infrastructures for heating, ventilation and air conditioning (HVAC) systems. In addition, outsourcing cooling and heating requirements ensures regular maintenance and repairs leading to reliable operations. With growing urbanization and real estate development, the global cooling and heating as a service market is expected to grow substantially in the coming years.

Market Dynamics:

Key drivers propelling the global cooling and heating as a service market growth include rising energy costs worldwide and the need for energy efficient solutions from various end-use industries. Growing environmental regulations regarding carbon emissions is also prompting commercial establishments and residential buildings to opt for centralized district cooling and heating networks. Moreover, favorable government policies and incentives promoting sustainable infrastructure are creating new opportunities for service providers in this market. However, high initial investments for setting up district cooling and heating infrastructure could restrain the market growth. Also, technical issues in maintaining distributed networks pose challenges. Nevertheless, innovation in technologies, such as renewable energy integration, IoT-enablement, and use of non-CFC refrigerants, are expected to create new avenues for players in the coming years.

Key Features of the Study:

• This report provides in-depth analysis of the global cooling and heating as a service market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cooling and heating as a service market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Johnson Controls International plc, Siemens AG, Schneider Electric, Trane Technologies plc, Honeywell International Inc., Daikin Industries, Ltd., Carrier Global Corporation, Mitsubishi Electric Corporation, Bosch Thermotechnology, Lennox International Inc., Veolia Environnement S.A., ENGIE, Comfort Systems USA, Inc., Rinnai Corporation, and United Technologies Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global cooling and heating as a service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cooling and heating as a service market

• Service Model Insights (Revenue, USD Bn, 2020 - 2032)
• Subscription-Based
• Pay-per-Use
• Hybrid Models
• Others
• Service Type Insights (Revenue, USD Bn, 2020 - 2032)
• Cooling as a Service

• Space Cooling
• Spot Cooling
• Heating as a Service
• Process Heating
• Space Heating
• Radiant Heating
• End User Insights (Revenue, USD Bn, 2020 - 2032)
• Residential
• Commercial
• Industrial
• Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Johnson Controls International plc
• Siemens AG
• Schneider Electric
• Trane Technologies plc
• Honeywell International Inc.
• Daikin Industries, Ltd.
• Carrier Global Corporation
• Mitsubishi Electric Corporation
• Bosch Thermotechnology
• Lennox International Inc.
• Veolia Environnement S.A.
• ENGIE
• Comfort Systems USA, Inc.
• Rinnai Corporation
• United Technologies Corporation