Canada Hvac Systems Market Size & Outlook, 2024-2033
Related Markets
Canada hvac systems market highlights
- The Canada hvac systems market generated a revenue of USD 365.8 million in 2024 and is expected to reach USD 623.1 million by 2033.
- The Canada market is expected to grow at a CAGR of 6.1% from 2025 to 2033.
- In terms of segment, ventilation was the largest revenue generating product in 2024.
- Heating is the most lucrative product segment registering the fastest growth during the forecast period.
Hvac systems market data book summary
Market revenue in 2024 | USD 365.8 million |
Market revenue in 2033 | USD 623.1 million |
Growth rate | 6.1% (CAGR from 2025 to 2033) |
Largest segment | Ventilation |
Fastest growing segment | Heating |
Historical data | 2021 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2033 |
Quantitative units | Revenue in USD million |
Market segmentation | Heating, Ventilation, Cooling |
Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, Canada accounted for 3.0% of the global hvac systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. hvac systems market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 419.2 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
HVAC Systems Market Scope
HVAC Systems Market Companies
Name | Profile | # Employees | HQ | Website |
---|---|---|---|---|
Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
Haier | View profile | 10001+ | Qingdao Shi, Shandong, China, Asia | http://haier.com/in |
Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Fujitsu Ltd | View profile | 124055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | http://www.fujitsu.com |
Canada hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Ventilation was the largest segment with a revenue share of 44.61% in 2024. Horizon Databook has segmented the Canada hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.
The HVAC systems market in Canada is growing owing to the flourishing construction industry in the country. The growth of the construction industry in Canada can be attributed to the surged demand for residential, commercial, and industrial spaces in the country.
The Government of Canada intends to spend USD 22.1 billion on social infrastructure development projects and residential building construction activities until 2027. Moreover, the government of the country is projected to invest USD 142.9 billion in infrastructure development projects over 12 years till 2028 under its Investing in Canada program.
These factors are anticipated to drive the demand for HVAC systems in Canada over the forecast period. Residential heating is a key component of the national energy consumption in cold-weather nations and accounts for its considerable share. All these factors are anticipated to drive the demand for energy-efficient heating solutions in Canada over the projected period.
Reasons to subscribe to Canada hvac systems market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada hvac systems market databook
-
Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into Canada hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Canada hvac systems market size, by product, 2021-2033 (US$M)
Canada HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more