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Heating & Air Conditioning Equipment Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Heating & Air Conditioning Equipment Manufacturing in Canada Market Research Report | NAICS 33341CA | Feb 2016

Warm up: Rising construction markets will aid growth, but the industry's trade deficit will remain high

IBISWorld’s Heating & Air Conditioning Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
4.9%
Annual Growth 16-21
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Profit
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Employment
13,658
Businesses
677
Industry Analysis & Industry Trends

Industry participants have suffered in the past five years as imports as a share of domestic demand have risen. Canadian operators were forced to compete with these imports on price, which pressured industry profitability. Furthermore, the US housing crisis decimated export demand from commercial and residential building markets. Going forward, industry revenue is expected to expand slowly. Weak growth in the Canadian dollar will enable industry exports to perform slightly better compared with imports. However, the industry's trade gap will remain high, limiting revenue growth... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

IBISWorld analysis indicates that the Heating and Air Conditioning Equipment Manufacturing industry is in its mature phase of the life cycle. During the 10 years to 2021, industry value added (IVA), which measures the industry's contribution to the Canadian economy, is projected to increase at an average annual rate of 3.4%. In comparison, Canadian GDP is forecast to rise at an average rate of 1.9% annually during the same period. This marginal discrepancy between IVA and GDP indicates an industry in the midst of maturity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Heating & Air Conditioning Equipment Manufacturing Industry?

This industry manufactures heating equipment, commercial refrigeration equipment, air conditioners, commercial and industrial fans, blowers, air purification equipment, and electric and nonelectric heating and refrigeration equipment. Marine and motor vehicle systems are excluded, as are industrial process furnaces and small household appliances.

Industry Products
Heating and commercial refrigeration equipmentHeating equipment (excluding warm-air furnaces)Air-purification equipmentIndustrial and commercial fans and blowers Miscellaneous receipts
 
Industry Activities
Manufacturing air-conditioning, warm-air heating and refrigeration equipmentManufacturing heating equipment (except warm-air furnaces)Manufacturing commercial and industrial fans and blowersManufacturing air purification equipment


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