Pump & Compressor Manufacturing in Canada
Operators in the Pump and Compressor Manufacturing industry in Canada have turned to global downstream markets rather than just those in Canada. As a result, revenue is heavily dependent on exports. However, the industry's reliance on oil and gas led to strong revenue declines in the past as prices tumbled. Over the five years to 2023, oil prices are expected to continue to slowly recover, which should drive steady industry demand from the oil and gas sector. However, the Canadian dollar is forecast to appreciate during the five-year period, which will likely restrict key export revenue. These factors are projected to generate slow industry growth moving forward.
This industry manufactures and sells pumps and air and gas compressors to various industrial markets. Some industry products are meant for general use while others are designed for application in specific markets, such as oil and gas services. This industry does not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.
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.
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