Heating & Air Conditioning Equipment Manufacturing in Canada
In the five years to 2017, revenue for the Heating and Air Conditioning Equipment Manufacturing industry is expected to increase. During this period, the Canadian residential construction and real estate markets are expected to steadily grow due to strong underlying fundamentals, including an expanding, urbanizing and progressively wealthy population. This trend, in turn, has bolstered industry sales, as heating, air conditioning, ventilation and refrigeration (HVACR) equipment is typically installed in new buildings to regulate climate and provide ventilation for residential units and commercial venues. Moving forward, industry revenue is expected to expand slowly. In the five years to 2022, growth in the relative value of the Canadian dollar will temper industry export growth compared with the prior five-year period. Moreover, the industry's trade gap will remain high, which will also limit revenue growth.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.