Cooling down: Import competition will intensify, slowing industry growth

Over the five years to 2018, the Boiler and Heat Exchanger Manufacturing industry in Canada has experienced significant volatility. Industry operators design, manufacture and occasionally install power boilers and heat exchangers. Power boilers are closed vessels in which liquid is heated to create steam, or gas, for power generation and other processes, while heat exchangers are used for the efficient transfer of heat from one medium to another. Industry revenue began to rebound from historic lows prior to the five-year period. However, the industry has not kept pace with this short-lived expansion. Over the five years to 2023, industry revenue is expected to continue its contraction...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
-5.3%
Forecast Growth 18-23
Profit
Employment
2,764
Businesses
81
Market Share of Companies

Industry Threats & Opportunities

  • Continued economic and industrial growth will fuel more demand for industry products
  • Operators have increasingly focused on exports to expand revenue
  • Industrial and commercial activity is expected to expand
  • Industry Report - Industry Key Buyers Chapter

    The Boiler and Heat Exchanger Manufacturing industry in Canada has a low level of market concentration, with the three largest industry players expected to account for less than 20.0% of industry revenue. Small- and medium-size enterprises make up the majority of industry operators, with an estimated 87.7% of companies employing fewer than 100 workers, and only 1.8% with more than 200 employees. Moreover, an estimated 39.4% of companies are sole proprietorships, implicitly limiting the output of these businesses.Most companies serve their local markets and typically specialize in products for specialized applications. As a result, it hard for players to gain significant market share, even if they dominate the supply of products to one particular market. In ...purchase to read more.

    Additional Insights for the Boiler & Heat Exchanger Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boiler & Heat Exchanger Manufacturing Industry are

  • Highly trained workforce
  • Development of new products
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Value of nonresidential construction and Demand from electric power generation, transmission and distribution in the Boiler & Heat Exchanger Manufacturing industry impact industry performance..

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    What's in this report

    What is the Boiler & Heat Exchanger Manufacturing Industry?

    This industry manufactures boilers and heat exchangers. In addition to their manufacturing activities, companies also provide installation services for their products. These products include boilers, which are closed vessels where fluid is heated; heat exchangers, which enables thermal energy to be transferred between fluids while keeping them separate; and radiators, which are simpler forms of heat exchangers.

    Industry Products
  • Heat exchangers and steam condensers
  • Power boilers
  • Nuclear reactor boilers
  • Other products
  • Industry Activities
  • Manufacturing heat exchangers and steam condensers
  • Manufacturing boilers
  • Manufacturing nuclear reactor steam supply systems
  • Manufacturing aftercoolers
  • Manufacturing economizers
  • Installing industry products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of nonresidential construction
  • Demand from electric power generation, transmission and distribution
  • Canadian effective exchange rate index
  • World price of steel

  • Current Performance
  • Trade: A gift and a curse
  • Profitability and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand
  • International trade
  • Profitability and other trends
  • Table: Boiler & Heat Exchanger Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boiler & Heat Exchanger Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Utilities In Canada
  • Heavy Engineering Construction in Canada
  • Manufacturing In Canada
  • Commercial Building Construction in Canada

  • Key Selling Industries
  • Metal Pipe & Tube Manufacturing in Canada
  • Paint Manufacturing in Canada
  • Valve Manufacturing in Canada

  • Products & Services
  • Heat exchangers and steam condensers
  • Power boilers
  • Nuclear reactor boilers
  • Other products
  • Chart: Boiler & Heat Exchanger Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Power generation
  • Residential construction
  • Nonresidential construction
  • Wood product industries
  • Chemical and energy industries
  • Metalworking industries
  • Other industrial demand
  • Chart: Major Market Segmentation for the Boiler & Heat Exchanger Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Boiler & Heat Exchanger Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boiler & Heat Exchanger Manufacturing Industry

  • Industry Globalization
    BWXT Canada Ltd.,
  • Table: BWXT Canada Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Boiler & Heat Exchanger Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Boiler & Heat Exchanger Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World price of steel (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Boiler
  • A closed vessel in which water or other fluids are heated.
  • Heat Exchanger
  • Equipment built for efficient heat transfer from one medium to another. The media may be separated to prevent mixing or they may be in direct contact.
  • Hvac
  • Heating, ventilating and air-conditioning systems used to maintain air quality through ventilation and filtration.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Boiler & Heat Exchanger Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boiler & Heat Exchanger Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Boiler & Heat Exchanger Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Boiler & Heat Exchanger Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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