Summary

Market Size & Trends

The Europe industrial cooling systems market size was estimated at USD 6,302.0 million in 2024 and is expected to reach USD 9,452.2 million by 2030, growing at a CAGR of 6.5% from 2025 to 2030. The market growth is driven by rapid expansion in energy-intensive sectors such as industrial manufacturing, food and beverage, pharmaceuticals, and data centers; increasingly stringent EU climate regulations and ambitious decarbonization mandates. Major industries, including power generation, chemicals, oil & gas, and manufacturing, are progressively adopting advanced cooling technologies such as closed-loop, dry, and hybrid systems to reduce water consumption and lower carbon emissions, which is expected to drive the Europe industrial cooling systems industry growth in the coming years.

The rapid proliferation of data centers across Europe, particularly in climate-advantaged and digitally progressive regions such as the Nordics, the Netherlands, and Ireland. These facilities demand high-performance cooling solutions such as liquid-based and evaporative cooling systems to ensure operational reliability, thermal stability, and improved energy efficiency. Moreover, the integration of IoT-enabled monitoring and automation is elevating system performance through predictive maintenance and energy optimization, in alignment with Europe’s broader digital transformation agenda, which is further accelerating the Europe industrial cooling systems industry expansion.

In addition, the rapid expansion of data centers and digital infrastructure across Europe is significantly fueling the demand for industrial cooling systems industry, as these facilities require highly efficient and reliable thermal management solutions to maintain optimal operating conditions. With the exponential growth in cloud computing, edge computing, artificial intelligence (AI), big data analytics, and 5G deployment, the volume of data being generated, processed, and stored is increasing at an unprecedented pace. This surge is driving major investments in hyperscale and colocation data centers throughout the region, particularly in countries such as Germany, the Netherlands, Ireland, France, and the Nordic nations.

Europe Industrial Cooling Systems Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Europe industrial cooling systems market report based on product, offering, component, end use, and country:

• Product Outlook (Revenue, USD Million, 2018 - 2030)
• Hybrid Cooling
• Water Cooling
• Air Cooling
• Evaporative Cooling
• Offering Outlook (Revenue, USD Million, 2018 - 2030)
• Equipment
• Aftermarket Services
o Installation
o Service
o Maintenance
• Component Outlook (Revenue, USD Million, 2018 - 2030)
• Chillers
• Heat Exchangers
• Heat Pumps
• Others
• End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Food & Beverage
o Chillers
o Heat Exchangers
o Heat Pumps
o Others
• General Manufacturing
o Chillers
o Heat Exchangers
o Heat Pumps
o Others
• Utility & Power
• Chemical
• Pharmaceutical
• Oil & Gas
• Others
• General Manufacturing Outlook (Revenue, USD Million, 2018 - 2030)
• Consumer Electronics
• Automotive
• Aerospace & Defense
• Others
• Country Outlook (Revenue, USD Million, 2018 - 2030)
• UK
• Germany
• France
• Italy
• Spain
• Sweden
• Norway
• Denmark

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.2.1. Information analysis
1.2.2. Market formulation & data visualization
1.2.3. Data validation & publishing
1.3. Research Scope and Assumptions
1.3.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Europe Industrial Cooling Systems Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Europe Industrial Cooling Systems Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Europe Industrial Cooling Systems Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2024 & 2030
4.2. Europe Industrial Cooling Systems Market Estimates & Forecast, By Product (USD Million)
4.3. Hybrid Cooling
4.3.1. Hybrid Cooling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Water Cooling
4.4.1. Water Cooling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Air Cooling
4.5.1. Air Cooling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Evaporative Cooling
4.6.1. Evaporative Cooling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Europe Industrial Cooling Systems Market: Offering Estimates & Trend Analysis
5.1. Offering Movement Analysis & Market Share, 2024 & 2030
5.2. Europe Industrial Cooling Systems Market Estimates & Forecast, By Offering (USD Million)
5.3. Equipment
5.3.1. Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.4. Aftermarket Services
5.4.1. Aftermarket Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.4.2. Installation
5.4.2.1. Installation Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.4.3. Service
5.4.3.1. Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
5.4.4. Maintenance
5.4.4.1. Maintenance Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Europe Industrial Cooling Systems Market: Component Estimates & Trend Analysis
6.1. Component Movement Analysis & Market Share, 2024 & 2030
6.2. Europe Industrial Cooling Systems Market Estimates & Forecast, By Component (USD Million)
6.3. Chillers
6.3.1. Chillers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.4. Heat Exchangers
6.4.1. Heat Exchangers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.5. Heat Pumps
6.5.1. Heat Pumps Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.6. Others
6.6.1. Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Europe Industrial Cooling Systems Market: End Use Estimates & Trend Analysis
7.1. End Use Movement Analysis & Market Share, 2024 & 2030
7.2. Europe Industrial Cooling Systems Market Estimates & Forecast, By End Use (USD Million)
7.3. Food & Beverage
7.3.1. Food & Beverage Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.2. Chillers
7.3.2.1. Chillers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.3. Heat Exchangers
7.3.3.1. Heat Exchangers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.4. Heat Pumps
7.3.4.1. Heat Pumps Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.3.5. Others
7.3.5.1. Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.4. General Manufacturing
7.4.1. General Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.2. Chillers
7.4.2.1. Chillers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.3. Heat Exchangers
7.4.3.1. Heat Exchangers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.4. Heat Pumps
7.4.4.1. Heat Pumps Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.4.5. Others
7.4.5.1. Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.5. Utility & Power
7.5.1. Utility & Power Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.6. Chemical
7.6.1. Chemical Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.7. Pharmaceutical
7.7.1. Pharmaceutical Market Estimates & Forecasts, 2018 - 2030 (USD Million)
7.8. Oil & Gas
7.8.1. Oil & Gas Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Europe Industrial Cooling Systems Market: General Manufacturing Estimates & Trend Analysis
8.1. General Manufacturing Movement Analysis & Market Share, 2024 & 2030
8.2. Europe Industrial Cooling Systems Market Estimates & Forecast, By General Manufacturing (USD Million)
8.3. Consumer Electronics
8.3.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Automotive
8.4.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Aerospace & Defense
8.5.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Others
8.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Europe Industrial Cooling Systems Market: Country Estimates & Trend Analysis
9.1. Europe Industrial Cooling Systems Market by Country, 2024 & 2030
9.1.1. Europe Industrial Cooling Systems Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.2. UK
9.1.2.1. UK Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.3. Germany
9.1.3.1. Germany Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.4. France
9.1.4.1. France Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.5. Italy
9.1.5.1. Italy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.6. Spain
9.1.6.1. Spain Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.7. Norway
9.1.7.1. Norway Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.8. Sweden
9.1.8.1. Sweden Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.9. Denmark
9.1.9.1. Denmark Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.1.10. Rest of Europe
9.1.10.1. Rest of Europe Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Europe Industrial Cooling Systems Market - Competitive Landscape
10.1. Company Categorization
10.2. Company Market Positioning
10.3. Company Heat Map Analysis
10.4. Company Profiles/Listing
10.5. Company Profiles
10.5.1. SPIG S.p.A (AUCTUS Capital Partners AG)
10.5.1.1. Participant’s Overview
10.5.1.2. Financial Performance
10.5.1.3. Product Benchmarking
10.5.1.4. Recent Developments
10.5.2. Bell Cooling Towers Private, Ltd.
10.5.2.1. Participant’s Overview
10.5.2.2. Financial Performance
10.5.2.3. Product Benchmarking
10.5.2.4. Recent Developments
10.5.3. Alfa Laval
10.5.3.1. Participant’s Overview
10.5.3.2. Financial Performance
10.5.3.3. Product Benchmarking
10.5.3.4. Recent Developments
10.5.4. Baltimore Aircoil Company, Inc.
10.5.4.1. Participant’s Overview
10.5.4.2. Financial Performance
10.5.4.3. Product Benchmarking
10.5.4.4. Recent Developments
10.5.5. Johnson Controls International plc
10.5.5.1. Participant’s Overview
10.5.5.2. Financial Performance
10.5.5.3. Product Benchmarking
10.5.5.4. Recent Developments
10.5.6. SPX Cooling Tech, LLC (SPX Technologies)
10.5.6.1. Participant’s Overview
10.5.6.2. Financial Performance
10.5.6.3. Product Benchmarking
10.5.6.4. Recent Developments
10.5.7. Paharpur Europe SA (Paharpur Cooling Towers Ltd.)
10.5.7.1. Participant’s Overview
10.5.7.2. Financial Performance
10.5.7.3. Product Benchmarking
10.5.7.4. Recent Developments
10.5.8. Carrier Global Corporation
10.5.8.1. Participant’s Overview
10.5.8.2. Financial Performance
10.5.8.3. Product Benchmarking
10.5.8.4. Recent Developments
10.5.9. Trane Technologies Company, LLC
10.5.9.1. Participant’s Overview
10.5.9.2. Financial Performance
10.5.9.3. Product Benchmarking
10.5.9.4. Recent Developments
10.5.10. Daikin Industries, Ltd
10.5.10.1. Participant’s Overview
10.5.10.2. Financial Performance
10.5.10.3. Product Benchmarking
10.5.10.4. Recent Developments