Green Cooling Technologies

Global Green Cooling Technologies Market to Reach US$3.3 Billion by 2030

The global market for Green Cooling Technologies estimated at US$2.2 Billion in the year 2024, is expected to reach US$3.3 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2024-2030. Mobile Air Conditioning, one of the segments analyzed in the report, is expected to record a 6.8% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the Air Conditioning Chiller segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$594.8 Million While China is Forecast to Grow at 11.0% CAGR

The Green Cooling Technologies market in the U.S. is estimated at US$594.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$686.2 Million by the year 2030 trailing a CAGR of 11.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global "Green Cooling Technologies" Market – Key Trends & Drivers Summarized

Why Are Green Cooling Technologies Emerging as a Climate Resilience Imperative?
Green cooling technologies are gaining global significance as conventional refrigeration and air conditioning systems contribute significantly to energy consumption and greenhouse gas emissions. With rising global temperatures and increasing urbanization, the demand for cooling is surging—especially in emerging economies. However, traditional cooling systems often rely on hydrofluorocarbons (HFCs), which have high global warming potential. Green cooling technologies address this by minimizing emissions through the use of natural refrigerants, high-efficiency designs, and renewable energy integration. Governments, international bodies, and industries are recognizing that sustainable cooling is essential not only for climate change mitigation but also for ensuring health, productivity, and food preservation in a warming world.

What Innovations Are Transforming the Cooling Industry Toward Sustainability?
A new generation of green cooling technologies is reshaping the industry with solutions such as solar-powered air conditioners, evaporative cooling systems, and passive architectural cooling methods. The use of natural refrigerants like ammonia, CO2, and hydrocarbons is expanding, as they offer lower environmental impact and comply with tightening regulations. Innovations in compressor technology, thermal storage, phase change materials, and AI-driven energy management systems are improving operational efficiency and reducing electricity demand. Building-integrated cooling solutions—such as radiant cooling ceilings and smart ventilation systems—are being deployed in commercial and residential settings. Furthermore, “cooling-as-a-service” business models are enabling broader access while ensuring lifecycle efficiency and reduced emissions.

How Are Policy Frameworks and Infrastructure Investments Supporting Global Adoption?
The Kigali Amendment to the Montreal Protocol, which mandates the phasedown of HFCs, has accelerated the adoption of green cooling globally. Regions like the European Union are enforcing strict energy efficiency standards and refrigerant regulations, while countries such as India, China, and Brazil are launching national cooling action plans to address both climate and developmental needs. In North America, incentives and tax credits are encouraging the switch to high-efficiency systems in homes and commercial buildings. Multilateral development banks and climate finance institutions are supporting large-scale projects in Africa and Southeast Asia to improve cold chain systems and urban cooling infrastructure. Green building certifications like LEED and BREEAM are further driving adoption of environmentally friendly cooling systems in new construction.

What Are the Key Drivers and Challenges in the Green Cooling Technologies Market?
The growth in the green cooling technologies market is driven by rising global temperatures, increasing demand for energy-efficient systems, supportive climate policies, and growing awareness of the environmental impact of traditional cooling. Urban expansion, electrification, and renewable energy integration are reinforcing the market’s momentum, especially in the Asia-Pacific and Middle East regions. However, the sector faces challenges such as high initial costs, limited technical capacity in some regions, fragmented regulatory landscapes, and the inertia of existing HVAC infrastructure. Additionally, public and private sector coordination is required to scale sustainable cooling innovations effectively. Despite these barriers, as climate risks intensify and net-zero goals take center stage, green cooling technologies are set to become a cornerstone of future-ready, low-carbon development strategies worldwide.

SCOPE OF STUDY:

The report analyzes the Green Cooling Technologies market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Mobile Air Conditioning, Air Conditioning Chiller, Unitary Air Conditioning); Application (Residential Application, Commercial Application, Industrial Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• AHT Cooling Systems GmbH
• Alfa Laval AB
• Asetek A/S
• Asperitas
• Baltimore Aircoil Company, Inc.
• Carrier Global Corporation
• Chaturong Cooling Ltd.
• Climeworks AG
• Cooltech Applications
• Danfoss A/S
• Efficient Energy GmbH
• Green Cooling Ltd
• Green Revolution Cooling Inc.
• Iceotope Technologies Ltd
• Industrias Thermotar LTDA.
• InvenSor GmbH
• JetCool Technologies Inc.
• LiquidStack
• Nostromo Energy Ltd.
• Rittal GmbH & Co. KG
• Secop GmbH
• SolabCool BV
• SPX Cooling Technologies, Inc.
• STULZ GmbH
• Vertiv Group Corp.

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