Green Cooling Technologies - Global Strategic Business Report

The global market for Green Cooling Technologies was estimated at US$2.2 Billion in 2024 and is projected to reach US$3.3 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Green Cooling Technologies market.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Mobile Air Conditioning segment, which is expected to reach US$1.9 Billion by 2030 with a CAGR of a 6.8%. The Air Conditioning Chiller segment is also set to grow at 8.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $594.8 Million in 2024, and China, forecasted to grow at an impressive 11.0% CAGR to reach $686.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Green Cooling Technologies Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Green Cooling Technologies Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Green Cooling Technologies Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as AHT Cooling Systems GmbH, Alfa Laval AB, Asetek A/S, Asperitas, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Green Cooling Technologies market report include:

• 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.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.