Summary

Market Size & Trends

The U.S. industrial cooling systems market size was estimated at USD 4.75 billion in 2024 and is projected to reach USD 7.34 billion by 2033, growing at a CAGR of 4.5% from 2025 to 2033. The growth is primarily driven by increasing demand for energy-efficient and environmentally sustainable cooling solutions across industrial sectors such as manufacturing, data centers, and power generation. Additionally, the rising penetration of Industry 4.0 and smart manufacturing practices is promoting the integration of IoT-enabled and AI-driven cooling systems for real-time monitoring and predictive maintenance. These innovations are optimizing system performance, reducing downtime, and driving cost savings across the U.S. industrial cooling systems industry.

The increasing integration of data-intensive technologies such as artificial intelligence (AI), machine learning (ML), and industrial IoT is significantly transforming the U.S. industrial cooling systems market. As manufacturing facilities, logistics hubs, and smart factories adopt automated systems for real-time monitoring and predictive maintenance, the need for precise and efficient thermal management is becoming paramount. High-performance computing infrastructure, robotics, and sensor-heavy environments generate substantial heat loads, requiring advanced industrial cooling systems to ensure equipment reliability, minimize downtime, and extend operational lifespan. This digital transformation is creating robust demand for scalable, energy-efficient cooling solutions, thereby accelerating the expansion of the U.S. industrial cooling systems industry.

Additionally, the accelerated growth of hyperscale data centers and cloud infrastructure providers is further propelling the demand for the U.S. industrial cooling systems. The shift toward liquid cooling, immersion cooling, and hybrid air-liquid systems reflects a growing emphasis on sustainability, energy efficiency, and regulatory compliance. Government initiatives promoting green building standards and energy-efficiency incentives are also bolstering investments in advanced cooling architectures, thereby shaping the future trajectory of the U.S. industrial cooling systems market.

Furthermore, the rising focus on clean energy production and decarbonization efforts across industrial sectors is driving innovation in the U.S. industrial cooling systems. Facilities in power generation, chemical processing, and steel manufacturing are modernizing legacy systems to support heat recovery, water reuse, and emissions control. The transition to low-carbon technologies such as hydrogen production, carbon capture and storage (CCS), and electrified furnaces necessitates highly specialized cooling infrastructure to handle complex thermal dynamics and enhance process safety. This alignment with broader environmental, social, and governance (ESG) goals is positioning industrial cooling systems as an enabler of sustainable industrial operations in the U.S.

U.S. Industrial Cooling Systems Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. industrial cooling systems market report based on product and end use:

• Product Outlook (Revenue, USD Billion, 2021 - 2033)
• Hybrid Cooling
• Water Cooling
• Air Cooling
• Evaporative Cooling
• End Use Outlook (Revenue, USD Billion, 2021 - 2033)
• Utility & Power
• Chemical
• Food & Beverage
• Pharmaceutical
• Oil & Gas
• Others

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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. U.S. 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. U.S. 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. U.S. Industrial Cooling Systems Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. U.S. Industrial Cooling Systems Market: Product Movement Analysis, 2024 & 2033 (USD Billion)
4.3. Hybrid Cooling
4.3.1. Hybrid Cooling Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
4.4. Water Cooling
4.4.1. Water Cooling Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
4.5. Air Cooling
4.5.1. Air Cooling Solution Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
4.6. Evaporative Cooling
4.6.1. Evaporative Cooling Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. U.S. Industrial Cooling Systems Market: End Use Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. U.S. Industrial Cooling Systems Market: End Use Movement Analysis, 2024 & 2033 (USD Billion)
5.3. Utility & Power
5.3.1. Utility & Power Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
5.4. Chemical
5.4.1. Chemical Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
5.5. Food & Beverage
5.5.1. Food & Beverage Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
5.6. Pharmaceutical
5.6.1. Pharmaceutical Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
5.7. Oil & Gas
5.7.1. Oil & Gas Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
5.8. Others
5.8.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. U.S. Industrial Cooling Systems Market: Competitive Landscape
6.1. Company Categorization
6.2. Company Market Positioning
6.3. Company Heat Map Analysis
6.4. Company Profiles/Listing
6.4.1. Johnson Controls.
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Service Benchmarking
6.4.1.4. Strategic Initiatives
6.4.2. Trane Technologies plc
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Service Benchmarking
6.4.2.4. Strategic Initiatives
6.4.3. Carrier.
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Service Benchmarking
6.4.3.4. Strategic Initiatives
6.4.4. SPX Cooling Tech, LLC
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Service Benchmarking
6.4.4.4. Strategic Initiatives
6.4.5. Baltimore Aircoil Company, Inc.
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Service Benchmarking
6.4.5.4. Strategic Initiatives
6.4.6. EVAPCO, Inc.
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Service Benchmarking
6.4.6.4. Strategic Initiatives
6.4.7. DAIKIN APPLIED
6.4.7.1. Participant’s Overview
6.4.7.2. Financial Performance
6.4.7.3. Service Benchmarking
6.4.7.4. Strategic Initiatives
6.4.8. Lennox International Inc.
6.4.8.1. Participant’s Overview
6.4.8.2. Financial Performance
6.4.8.3. Service Benchmarking
6.4.8.4. Strategic Initiatives
6.4.9. AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
6.4.9.1. Participant’s Overview
6.4.9.2. Financial Performance
6.4.9.3. Service Benchmarking
6.4.9.4. Strategic Initiatives
6.4.10. Delta Cooling Towers, Inc.
6.4.10.1. Participant’s Overview
6.4.10.2. Financial Performance
6.4.10.3. Service Benchmarking
6.4.10.4. Strategic Initiatives