Medical Equipment Cooling Solutions Market Projected to Reach $1.87 Billion by 2030

The market for cooling solutions used in medical equipment is on a steady expansion path. It is projected to grow from $1.34 billion in 2025 to $1.43 billion in 2026, representing a compound annual growth rate (CAGR) of 6.7%. By 2030, the market is expected to reach $1.87 billion, driven by rising demand for energy-efficient systems, investments in advanced imaging technologies, and the necessity to minimize equipment downtime.

A significant development in the industry occurred in February 2025, when France-based Schneider Electric acquired a 75% controlling stake in US-based Motivair Corporation for $850 million. This acquisition aims to strengthen Schneider Electric's capabilities in liquid cooling and thermal management for advanced medical devices and high-performance computing. Motivair specializes in liquid cooling systems, coolant distribution units, and precision chillers tailored for medical imaging.

Innovation continues to shape the market, with a strong focus on energy-efficient liquid cooling solutions. In March 2026, Italian manufacturer VEGA Chiller introduced a cutting-edge MRI chiller cooling system designed to deliver precise temperature control and dependable thermal management. Key market segments driving this industry include closed-loop liquid cooling systems, chillers, and customized thermal management systems, catering to various healthcare facilities and medical original equipment manufacturers.