Pump & Compressor Manufacturing in Canada
The Pump and Compressor Manufacturing industry in Canada services an array of downstream markets. Increasingly, operators have turned to global markets. As a result, industry revenue is heavily dependent on exports, which account for over three-fourths of revenue. However, the industry's heavy reliance on oil and gas led to strong revenue declines in the years 2015, 2016 and 2017 as prices tumbled. Oil prices are expected to continue rising over the five years to 2024, which should drive steady industry demand from the oil and gas sector. Moreover, although the Canadian dollar is forecast to appreciate during the five-year period, key export revenue will likely continue to increase as the export market continues to be the most crucial market for industry operators to derive revenue from their manufactured products. These factors are projected to generate slow industry growth over the five years to 2024.
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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