SAN ANTONIO, TX, June 3, 2025 — Fueled by a perfect storm of AI-driven demand, soaring construction activity, and persistent equipment shortages, the North American Temporary Cooling Market reached nearly $2.0 billion in revenues in 2024 and is projected to hit $3.0 billion by 2031, according to a new report by Verify Markets. The market experienced significant growth in 2024 compared to the previous year and is now expanding at a compound annual growth rate (CAGR) of over 6.0 percent, signaling a lasting shift in how businesses approach climate control.
“The extreme demand that we anticipated from data centers years ago has materialized—and it’s detonated the market. From hyperscale data centers to heat-stressed industrial zones, temporary cooling is no longer just a backup — it’s a strategic asset,” said Veronica Julian, Research Analyst at Verify Markets. “The sector is currently caught between intense demand and operational strain, particularly in the large chillers segment, where providers are racing to expand their fleets and capabilities to meet growing needs.”
In 2024, AI adoption outpaced infrastructure capacity across the tech sector, forcing data centers to rent large-scale chiller systems as a stopgap while awaiting permanent installations. Although post-COVID delays have eased, lead times remain long—driven now more by surging demand than by supply chain disruptions. At the same time, prolonged heat waves strained cooling infrastructure in healthcare, education, and manufacturing, further boosting rental demand.
Despite intensified competition putting pressure on margins, rising rental prices in certain segments straining customer budgets, and ongoing shortages of skilled labor, the market continues to push forward with strong momentum.
Major trends reshaping the industry include the rise of energy-efficient, innovative eco-friendly cooling solutions and adoption of telematics for remote monitoring. Re-rental activity is also climbing, as regional players increasingly collaborate to meet peak demands during hot seasons or overlapping project timelines. This trend has helped bridge fleet shortages while offering national coverage to clients operating across multiple job sites.
As the market grows more crowded and complex—marked by concentration in larger chiller segments and increasing fragmentation in smaller units—operational efficiency is becoming an increasingly important differentiator. Companies with broad equipment fleets, strong logistics capabilities, and strategic re-rental partnerships are gaining traction. Market leaders such as United Rentals, Sunbelt Rentals, Aggreko, Trane Technologies, and Herc Rentals are leveraging their scale and infrastructure to meet both immediate and long-term cooling needs across sectors. Some other key companies covered in the report include Carrier Corporation, Daikin Applied Americas, the Caterpillar Dealership Network, Resolute Industrial, Mobile Air & Power, and Polygon, among others.
The full 2025 North American Temporary Cooling Market report offers a comprehensive analysis of market drivers, trends, end-user dynamics, and strategic opportunities. It is available at www.verifymarkets.com.
Follow us for more updates on Twitter @verify_markets. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
-
2024 North American Portable Storage & Modular Space Rental Markets
-
2023 North American Battery Energy Storage Systems (Bess) Market
About Verify Markets:
Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.
Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.