Global Green Cooling Technologies Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Residential, Commercial, and Industrial.

By End-Use Industry;

Mobile Air Conditioning, Air Conditioning Chillers, and Unitary Air Conditioning.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn955192160 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Green Cooling Technologies Market (USD Million), 2021 - 2031

In the year 2024, the Global Green Cooling Technologies Market was valued at USD 3,005.76 million. The size of this market is expected to increase to USD 5,932.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.2%.

The Global Green Cooling Technologies Market is growing rapidly due to increasing environmental concerns and the need for energy-efficient, sustainable solutions in cooling systems. Green cooling technologies are designed to minimize the environmental impact of traditional cooling methods by reducing energy consumption and eliminating harmful refrigerants that contribute to global warming and ozone depletion. These technologies typically utilize natural refrigerants such as CO2, ammonia, and hydrocarbons, which have low global warming potential (GWP) compared to conventional refrigerants like HFCs. The growing demand for energy-efficient solutions, especially in the residential, commercial, and industrial sectors, is driving the adoption of green cooling systems.

In terms of applications, green cooling technologies are used in a wide range of industries including residential air conditioning, refrigeration for commercial use, and industrial cooling systems. In residential applications, there is a growing demand for energy-efficient air conditioning units that offer both comfort and lower electricity bills, particularly in regions with hot climates. In the commercial sector, refrigeration systems that utilize natural refrigerants are becoming more common, driven by regulations and sustainability goals. For industrial applications, green cooling technologies help reduce energy consumption and mitigate environmental impacts associated with large-scale cooling systems in manufacturing plants, data centers, and other high-demand industries. The rise in eco-consciousness among both businesses and consumers is spurring the market for these technologies.

Geographically, the Geography segment reveals significant growth opportunities in regions such as Europe, North America, and Asia-Pacific. Europe has been a leader in implementing green cooling technologies, largely driven by strict environmental regulations and government incentives for energy-efficient solutions. North America is witnessing increased adoption of green cooling solutions, particularly in the commercial and residential sectors, due to rising energy costs and growing environmental awareness. Asia-Pacific is emerging as a key region for growth, especially in countries like India and China, where rapid urbanization and a booming middle class are creating a high demand for cooling solutions. As the global focus on reducing carbon footprints intensifies, the green cooling technologies market is expected to expand significantly, with emerging markets showing increased interest in adopting these sustainable solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-Use Industry
    3. Market Snapshot, By Region
  4. Global Green Cooling Technologies Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory Pressure
        2. Climate Change
        3. Energy Efficiency
        4. Technological Advancements
      2. Restraints
        1. High Costs
        2. Market Awareness
        3. Technological Barriers
        4. Limited Infrastructure
      3. Opportunities
        1. Emerging Markets
        2. Innovation Investments
        3. Government Incentives
        4. Sustainable Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Green Cooling Technologies Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    2. Global Green Cooling Technologies Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Mobile Air Conditioning
      2. Air Conditioning Chillers
      3. Unitary Air Conditioning
    3. Global Green Cooling Technologies Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Daikin Industries
      2. Johnson Controls
      3. Mitsubishi Electric Corporation
      4. Carrier Global Corporation
      5. Schneider Electric
      6. Trane Technologies
      7. LG Electronics
  7. Analyst Views
  8. Future Outlook of the Market