According to a TechSci Research report, the global Cooling and Heating as a Service (CHAAS) Market was valued at USD 84.7 billion in 2024 and is expected to reach USD 153.9 billion by 2030, growing at a CAGR of 10.3%. This growth is largely driven by the increasing adoption of circular economy principles, where businesses and governments prioritize service-based models over traditional ownership. This shift helps reduce waste, optimize resource use, and extend equipment lifespan, while minimizing upfront capital costs and allowing better financial planning.

Another key driver is the rising demand for indoor air quality (IAQ) solutions, especially in commercial buildings, hospitals, and educational institutions. As awareness of airborne contaminants and climate change’s impact on health grows, businesses are integrating advanced filtration, humidity control, and real-time air monitoring into their HVAC service contracts. Additionally, the growing trend of remote work and hybrid office models has pushed companies to adopt scalable HVAC services that adjust to fluctuating occupancy rates, optimizing energy consumption.

The expansion of cold chain logistics and data centers is also fueling demand for reliable, high-performance cooling solutions. As industries like e-commerce, pharmaceuticals, and cloud computing grow, companies are requiring uninterrupted climate control. Cooling as a Service (CHAAS) has become an attractive alternative due to its scalability and efficiency. Moreover, advancements in blockchain and smart contracts have enabled transparent, automated transactions, further accelerating market growth.

Based on service type, the Heating as a Service (HaaS) segment dominates the Cooling and Heating as a Service market. This growth is driven by rising energy costs, sustainability mandates, and increasing demand for efficient, low-emission heating solutions. Governments and industries are emphasizing carbon reduction targets, which are leading businesses and consumers to shift towards subscription-based heating services. This model provides energy-efficient alternatives to traditional heating systems and aligns with various global regulations such as the EU’s Green Deal and energy efficiency programs in the U.S.

The expansion of district heating systems, particularly in countries like Denmark, Germany, and China, is also contributing to market growth. These systems allow multiple buildings or entire communities to access centralized, service-based heating. This model minimizes capital expenditures on heating equipment and provides benefits like predictive maintenance, real-time monitoring, and optimized energy usage with minimal downtime. The increasing adoption of heat pumps and hybrid heating solutions is another significant factor for the HaaS segment’s growth, offering energy-efficient heating while reducing fossil fuel dependency.

Industries such as hospitality, healthcare, manufacturing, and retail are major adopters of HaaS, as they require reliable heating without the financial burden of maintaining traditional heating infrastructure. The rise of flexible workspaces and hybrid office models is also driving demand for scalable heating solutions, which adjust based on occupancy levels. Additionally, advancements in waste heat recovery technology are promoting energy efficiency in the heating service sector, with major players investing in AI-based heating optimization and low-carbon heating solutions.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Cooling and Heating as a Service Market"
https://www.techsciresearch.com/report/cooling-and-heating-as-a-service-market/27755.html

North America is the fastest-growing region for the Cooling and Heating as a Service market, driven by increasing demand for energy-efficient HVAC solutions, government initiatives, and technological advancements. The region’s stringent environmental regulations, such as the Energy Policy Act and state-level decarbonization goals, are prompting businesses to adopt subscription-based, energy-efficient HVAC models. Furthermore, the growing adoption of smart buildings and IoT-integrated HVAC systems is enhancing the demand for CHAAS, helping businesses optimize energy use and reduce operational costs.

The rapid growth of data centers, cold storage facilities, and commercial spaces in the U.S. and Canada is also contributing to the market’s expansion. As cloud computing, AI applications, and e-commerce-driven warehousing continue to rise, industries require high-performance, reliable cooling solutions, making CHAAS an attractive option. Additionally, the shift toward sustainable infrastructure and net-zero targets is encouraging companies to implement solutions like solar-powered cooling and geothermal heating, further boosting service-based adoption.

The North American market benefits from the involvement of major HVAC service providers like Carrier Global, Johnson Controls, and Trane Technologies, which are expanding their CHAAS offerings through predictive analytics, AI-driven maintenance, and advanced remote monitoring. This innovation, combined with regulatory support, solidifies North America’s position as the fastest-growing market for CHAAS globally.

Key market players in the Cooling and Heating as a Service Market are: -

Johnson Controls International plc
Siemens AG
Schneider Electric SE
Trane Technologies Company, LLC
Honeywell International Inc.
Daikin Industries, Ltd.
Carrier Global Corporation
Mitsubishi Electric Corporation
Bosch Thermotechnik GmbH
Lennox International Inc.

Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=27755

Customers can also request for 10% free customization on this report.

“The Global Cooling and Heating as a Service (CHAAS) Market presents numerous opportunities driven by rising energy efficiency demands, sustainability initiatives, and smart technology adoption. With increasing urbanization and industrialization, businesses and residential consumers seek cost-effective, energy-efficient climate control solutions, boosting the adoption of subscription-based HVAC services. Governments worldwide are implementing stringent energy regulations and carbon reduction policies, creating significant demand for green and renewable HVAC technologies such as solar-powered cooling, geothermal heating, and AI-driven climate control systems. 

Additionally, the rise of smart cities and IoT-enabled buildings opens avenues for data-driven HVAC optimization, improving performance, predictive maintenance, and operational efficiency.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Cooling and Heating as a Service Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Service Model (Subscription-Based, Pay-per-Use, Hybrid Models, Others), By Service Type (Cooling as a Service, Heating as a Service), By End User (Residential, Commercial, Industrial, Others), By Region, By Competition, 2020-2030F” has evaluated the future growth potential of Cooling and Heating as a Service Market and provides statistics information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Cooling and Heating as a Service Market.

Contact

TechSci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170

M: +13322586602

Email: [email protected]

Website: https://www.techsciresearch.com