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Heat Pumps in Canada

Publisher Euromonitor International
Published Jan 13, 2026
Length 24 Pages
SKU # EP20773089

Description

Heat pumps in Canada exhibited robust growth in 2025, with a 19% increase in retail volume, driven by government incentives and rising demand for energy-efficient solutions. This growth is expected to continue, with a forecast CAGR of 13%, reaching 203,600 units by 2030. The market's attractiveness is underscored by its moderate concentration, with top brands like Daikin and Mitsubishi maintaining significant shares through innovative products and strong distribution channels. As the category ev...

Euromonitor International's Heat Pumps in Canada report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2021-2025, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, format trends or distribution issues. Forecasts to 2030 illustrate how the market is set to change.

Product coverage: Air to Water Heat Pumps, Ground Source Heat Pumps, Other Heat Pumps.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Heat Pumps market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

24 Pages
Heat Pumps in Canada
Euromonitor International
January 2026
List Of Contents And Tables
HEAT PUMPS IN CANADA
KEY DATA FINDINGS
2025 DEVELOPMENTS
Surging growth driven by incentives and efficiency
CHART 1 Key Trends 2025
INDUSTRY PERFORMANCE
Double-digit growth for heat pumps driven by policy incentives
CHART 2 Analyst Insight
Air to water heat pumps dominate demand
Innovative products cater to Canadian climate needs
CHART 3 Daikin's Cold Climate Heat Pump Supports Player’s Share Gain
WHAT’S NEXT?
Policy incentives and energy efficiency drive growth
Air to water heat pumps to remain dominant
COMPETITIVE LANDSCAPE
Daikin Comfort Technologies strengthens leadership of fragmented landscape
CHANNELS
Contractors drive heat pump sales through builder merchants
PRODUCTS
Smart features and focus on local climate drive innovation
CHART 4 Mitsubishi's “Zuba” Model Targets Canada With Regulating Temperature Tech
Innovation drives business growth and sustainability
CHART 5 Bosch Maintains Premium Sustainable Options Without Relinquishing Cold Function
COUNTRY REPORTS DISCLAIMER
CHART 6 Key Trends 2025
CHART 7 Analyst Insight
CHART 8 Growth Decomposition of Consumer Appliances 2024-2029
CHART 9 KitchenAid Launches New Pure Power Blender
CHART 10 Laundry Simplified With New LG WashCombo All-in-One Washer Dryer
CHART 11 Real GDP Growth and Inflation 2020-2030
CHART 12 PEST Analysis in Canada 2025
CHART 13 Key Insights on Consumers in Canada 2025
CHART 14 Consumer Landscape in Canada 2025
CONSUMER APPLIANCES IN CANADA
EXECUTIVE SUMMARY
Smart and sustainable innovations drive value amidst volume decline
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
Manufacturers prioritise sustainability and smart technology
Dynamic performance by heat pumps, supported by government incentives
Smart technology and AI integration enhance appliance value
WHAT’S NEXT?
Smart solutions and sustainability to drive future development
Canadian consumers drive demand for multifunctional appliances
Heat pumps set to remain most dynamic performer
COMPETITIVE LANDSCAPE
Top brands maintain lead through broad offerings and smart technology
CHANNELS
Home products specialists lead major appliance sales
E-commerce gains traction in small appliances
PRODUCTS
Health and wellness trends drive appliance innovation
LG WashCombo drives laundry convenience with all-in-one design
ECONOMIC CONTEXT
CONSUMER CONTEXT
COUNTRY REPORTS DISCLAIMER
SOURCES
Summary 1 Research Sources

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