The scope of this investigation is to analyze recent advances in district cooling (DC) in Europe (European Union plus the United Kingdom (EU27+UK)). The study focuses on data and information from the past decade and draws a picture for the year 2016. To date, in contrast to the European district heating market, the European DC branch has barely been explored in scientific literature. In the current paper, the data that describe the actual DC market in the EU27+UK—which includes the quantity of DC plants, equivalent full-load hours, and installed capacities as well as the values for seasonal energy efficiency—are collected and then explored using a bottom-up approach. The results indicate that DC is responsible for a minor part of the useful energy demand of Europe for cooling with around 3 TWh/y. Overall, the share of the useful energy demand for DC corresponds with 1 to 2% of the EU27+UK useful energy demand. Moreover, it is worth mentioning that the penetration of DC varies considerably from country to country, and eight European Member States appear to not have district cooling systems at all. Lastly, it is observed that DC has been slowly but constantly growing in Europe for decades and is characterized by a high growth potential, particularly in the service sector.