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Canada Heat Pump Market Research Report by Type (Reversible Heat Pumps and Non-reversible Heat Pumps), by Technology (Air-to-Water Heat Pumps, Water-to-Water Heat Pumps, Large Heat Recovery Chillers/Water-to-Water Heat Pumps, Air-to-Air Heat Pumps, Hybrid

Publisher Market Research Future
Published Jan 14, 2025
Length 196 Pages
SKU # RESFT19636315

Description

Canada It is anticipated that the Heat Pump Market will experience a robust market with a compound annual growth rate (CAGR) of 7.3% during the review period.
Heat exchangers are in high demand in the residential, commercial, and industrial sectors due to their numerous benefits. In comparison to conventional heating and cooling systems, their high energy efficiency is one of their primary advantages, as they transfer heat rather than generating it. Consequently, their energy consumption is substantially reduced, and their utility bills are reduced. Additionally, heat pumps provide both heating and cooling capabilities in a single device. Their performance has been considerably improved, and they are now more compatible with contemporary smart home systems as a result of technological advancements, including cold climate heat pumps and smart controls. Furthermore, heat pumps contribute to environmental sustainability by substituting fossil fuels with renewable energy sources, such as solar or geothermal, thereby reducing greenhouse gas emissions and bolstering decarbonization initiatives. These advantages render heat pumps an appealing option for consumers, thereby significantly increasing their market demand.

Market Segmentation
By type, the Heat Pump Market has been divided into Reversible Heat Pumps and Non-reversible Heat Pumps.
The market has been segmented into the following categories based on technology: Air-to-Water Heat Pumps, Water-to-Water Heat Pumps, Large Heat Recovery Chillers/Water-to-Water Heat Pumps, Air-to-Air Heat Pumps, Hybrid Heat Pumps, and VRF Heat-Pump Systems.
The Heat Pump Market has been segmented into R-410A, R-32, R-290, R-744, and Others based on refrigerant type.
The Heat Pump Market has been segmented into the following categories: Up to 10 kW/Up to 2.84 Tons, 10-20 kW/2.84 to 5.68 Tons, 20-50 kW/5.68 to 14.21 Tons, 50-100 kW/14.21 to 28.42 Tons, 100-200 kW/28.42 to 56.84 Tons, and above 200 kW/Above 56.84 Tons, based on capacities in KW/Ton.
The Heat Pump Market has been segmented into Residential, Commercial, and Industrial based on End Use.

Major Players
Carrier Corporation, Lennox International Inc., Johnson Controls, Nordic Heat Pumps, Trane, RHEEM, Transom, Budzar Industries LLC., AERMEC, Napoleon Heating & Cooling, Novair Heat Pumps Inc., Panasonic Canada Inc., Senville, Arctic Heat Pumps, U.S. Boiler Company, LLC. GREE Canada, and ClimateMaster are the primary players in the Canada Heat Pump Market.

Table of Contents

196 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.6 Approaches For Market Size Estimation:
3.6.1 Trade Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Energy Efficiency And Cost Savings
4.2.2 Growing Awareness Of Climate Change And The Need To Reduce Greenhouse Gas Emissions
4.3 Restraints
4.3.1 High Initial Costs
4.3.2 Installation Challenges
4.4 Opportunity
4.4.1 Rising Government Regulations And Increasing Infrastructure Activities
4.4.2 Growth In Renewable Energy Integration
4.4.3 Smart Home Integration
4.4.4 Commercial Sector Demand
4.5 Impact Analysis Of Covid-19
5 Market Factor Analysis
5.1 Supply/Value Chain Analysis
5.1.1 Raw Material Supply
5.1.1.1 Raw Material Selection & Procurement
5.1.1.2 Quality And Purity Standards
5.1.2 Manufacturers
5.1.2.1 Processing & Production
5.1.2.2 Product Development And Innovation
5.1.3 Distribution
5.1.3.1 Logistics
5.1.3.2 Sales And Marketing Strategies
5.1.4 End Use
5.1.4.1 Customer Needs, Preferences, Pain Points & Applications
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Bargaining Power Of Buyers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Rivalry
5.3 Pestel Analysis
5.4 Refrigerant Trend Analysis
5.4.1 Phasing Out Of Traditional Refrigerants
5.4.1.1 R410a And R134a
5.4.1.2 Implications Of The R410a Phase-out
5.4.1.3 Recent Announcements And Regulations
5.4.2 Emerging Refrigerant Technologies
5.4.2.1 Hydrofluoroolefins (Hfos) And Blends
5.4.2.1.1 R454b
5.4.2.1.2 Low-gwp Heat Pumps
5.4.2.1.3 Mid Gwp Heat Pumps
5.4.2.1.3.1 Jci York
5.4.2.1.3.2 Waterfurnance
5.4.2.2 Natural Refrigerants
5.4.2.2.1 Carbon Dioxide (Co2)
5.4.2.2.2 Hydrocarbons
5.4.2.2.3 R290 (Propane)
5.4.2.2.4 R600a (Isobutane)
5.5 Regulatory Framework
5.5.1 Environmental Regulations
5.5.1.1 Montreal Protocol
5.5.1.2 Kigali Amendment
5.5.2 Energy Efficiency Standards
5.5.3 National Regulations
5.5.4 Refrigerant Management Program
5.5.5 Government Incentives And Support
5.5.6 Future Regulatory Trends
5.5.6.1 Increased Focus On Low-gwp Refrigerants
5.5.6.2 Enhanced Energy Efficiency Standards
5.5.6.3 Consumer Protection Regulations
5.6 Technological Advancements In The Canada Heat Pump Market
5.6.1 Variable Speed Compressors
5.6.2 Smart Controls And Integration
5.6.3 Hybrid Heat Pump Systems
5.7 Trade Analysis Under Hs Code: 841861 - Heat Pumps (Excl. Air Conditioning Machines Of Heading 8415)
5.7.1 Import Analysis (In Usd Thousand)
5.7.2 Export Analysis (In Usd Thousand)
5.8 Broad Level Gap Analysis To Understand Untapped Areas
5.8.1 Based On Type
5.8.2 Based On End-use
5.9 Research And Development Update
5.9.1 Current Scenario
5.9.2 Future Roadmap
5.9.3 Challenges
5.9.4 Novel Applications
5.9.5 Key Development
5.10 Mrfr Point Of View
5.11 Key Suggestions For Stakeholders In The Canada Heat Pumps Market
6 North America Heat Pump Market Analysis
6.1 Introduction
6.2 Key Trends In The North American Heat Pump Market
6.2.1 Increased Adoption Of Air Source Heat Pumps (Ashps)
6.2.2 Integration With Renewable Energy Sources
6.3 Canada's Role In The North American Heat Pump Market
6.4 Market Sizing Of North America Heat Pumps Market, By Country
6.4.1 North America Heat Pump Market Size, By Country, 2018-2032 (Usd Million)
6.5 Market Sizing Of North America Heat Pumps Market, By Technology
6.5.1 North America Heat Pump Market Size, By Technology, 2018-2032 (Usd Million)
6.6 Government Incentives
6.7 List Of Key Manufacturers Of Na Heat Pumps
7 Canada Heat Pump Market, By Type
7.1 Overview
7.1.1 Reversible Heat Pumps
7.1.2 Non-reversible Heat Pumps
8 Canada Heat Pump Market, By Technology
8.1 Overview
8.1.1 Air-to-water Heat Pumps
8.1.2 Water-to-water Heat Pumps
8.1.3 Large Heat Recovery Chillers/Water-to-water Heat Pumps
8.1.4 Air-to-air Heat Pumps
8.1.5 Hybrid Heat Pumps
8.1.6 Vrf Heat-pump System
9 Canada Heat Pump Market, By Refrigerant Type
9.1 Overview
9.1.1 R-410a
9.1.2 R-32
9.1.3 R-290
9.1.4 R-744
9.1.5 Others
10 Canada Heat Pump Market, By Capacity Kw/Ton
10.1 Overview
10.1.1 Up To 10 Kw/Up To 2.84 Tons
10.1.2 10-20 Kw/2.84 To 5.68 Tons
10.1.3 20-50 Kw/5.68 To 14.21 Tons
10.1.4 50-100 Kw/14.21 To 28.42 Tons
10.1.5 100-200 Kw/28.42 To 56.84 Tons
10.1.6 Above 200 Kw/Above 56.84 Tons
11 Canada Heat Pump Market, By End Use
11.1 Overview
11.1.1 Residential
11.1.2 Commercial
11.1.3 Industrial
12 Competitive Landscape
12.1 Introduction
12.2 Competition Dashboard
12.3 Company Market Share Analysis, 2023
12.4 Competitive Benchmarking
12.5 Leading Players In Terms Of The Number Of Developments In The Heat Pump Market
12.6 List Of International Manufacturing Companies And Its Competitive Benchmarking Operating In Canada Heat Pump Market
12.7 Comparative Analysis: Key Players Financial, 2023
12.8 Key Developments & Growth Strategies
12.8.1 New Product Launch
12.8.2 Acquisition
12.8.3 Collaboration
12.8.4 Recognition
12.8.5 Capacity Expansion
13 Company Profiles
13.1 Carrier Corporation
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products Offered
13.1.4 Key Developments
13.1.5 Swot Analysis
13.1.6 Key Strategy
13.2 Lennox International Inc.
13.2.1 Company Overview
13.2.2 Financial Overview
13.2.3 Products Offered
13.2.4 Key Developments
13.2.5 Swot Analysis
13.2.6 Key Strategy
13.3 Johnson Controls
13.3.1 Company Overview
13.3.2 Financial Overview
13.3.3 Products Offered
13.3.4 Key Developments
13.3.5 Swot Analysis
13.3.6 Key Strategy
13.4 Nordic Heat Pumps
13.4.1 Company Overview
13.4.2 Financial Overview
13.4.3 Products Offered
13.4.4 Key Developments
13.4.5 Swot Analysis
13.4.6 Key Strategy
13.5 Mitsubishi Electric
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Products Offered
13.5.4 Key Developments
13.5.5 Swot Analysis
13.5.6 Key Strategy
13.6 Trane (A Subsidiary Of Trane Technologies)
13.6.1 Company Overview
13.6.2 Financial Overview
13.6.3 Products Offered
13.6.4 Key Developments
13.6.5 Swot Analysis
13.6.6 Key Strategy
13.7 Daikin Industries Ltd.
13.7.1 Company Overview
13.7.2 Financial Overview
13.7.3 Products Offered
13.7.4 Key Developments
13.7.5 Swot Analysis
13.7.6 Key Strategy
13.8 Midea Group
13.8.1 Company Overview
13.8.2 Financial Overview
13.8.3 Products Offered
13.8.4 Key Developments
13.8.5 Swot Analysis
13.8.6 Key Strategy
13.9 Fujitsu General
13.9.1 Company Overview
13.9.2 Financial Overview
13.9.3 Products Offered
13.9.4 Key Developments
13.9.5 Swot Analysis
13.9.6 Key Strategy
13.10 Rheem
13.10.1 Company Overview
13.10.2 Financial Overview
13.10.3 Products Offered
13.10.4 Key Developments
13.10.5 Swot Analysis
13.10.6 Key Strategy
13.11 Transom
13.11.1 Company Overview
13.11.2 Financial Overview
13.11.3 Products Offered
13.11.4 Key Developments
13.11.5 Swot Analysis
13.11.6 Key Strategy
13.12 Nibe Group
13.12.1 Company Overview
13.12.2 Financial Overview
13.12.3 Products Offered
13.12.4 Key Developments
13.12.5 Swot Analysis
13.12.6 Key Strategy
13.13 Budzar Industries Llc.
13.13.1 Company Overview
13.13.2 Financial Overview
13.13.3 Products Offered
13.13.4 Key Developments
13.13.5 Swot Analysis
13.13.6 Key Strategy
13.14 Aermec
13.14.1 Company Overview
13.14.2 Financial Overview
13.14.3 Products Offered
13.14.4 Key Developments
13.14.5 Swot Analysis
13.14.6 Key Strategy
13.15 Napoleon Heating & Cooling
13.15.1 Company Overview
13.15.2 Financial Overview
13.15.3 Products Offered
13.15.4 Key Developments
13.15.5 Swot Analysis
13.15.6 Key Strategy
13.16 Novair Heat Pumps Inc.
13.16.1 Company Overview
13.16.2 Financial Overview
13.16.3 Products Offered
13.16.4 Key Developments
13.16.5 Swot Analysis
13.16.6 Key Strategy
13.17 Panasonic Canada Inc.
13.17.1 Company Overview
13.17.2 Financial Overview
13.17.3 Products Offered
13.17.4 Key Developments
13.17.5 Swot Analysis
13.17.6 Key Strategy
13.18 Arctic Heat Pumps
13.18.1 Company Overview
13.18.2 Financial Overview
13.18.3 Products Offered
13.18.4 Key Developments
13.18.5 Swot Analysis
13.18.6 Key Strategy
13.19 Senville
13.19.1 Company Overview
13.19.2 Financial Overview
13.19.3 Products Offered
13.19.4 Key Developments
13.19.5 Swot Analysis
13.19.6 Key Strategy
13.20 Bosch Thermotechnology Corp
13.20.1 Company Overview
13.20.2 Financial Overview
13.20.3 Products Offered
13.20.4 Key Developments
13.20.5 Swot Analysis
13.20.6 Key Strategy
13.21 U.S. Boiler Company, Llc.
13.21.1 Company Overview
13.21.2 Financial Overview
13.21.3 Products Offered
13.21.4 Key Developments
13.21.5 Swot Analysis
13.21.6 Key Strategy
13.22 Gree Canada
13.22.1 Company Overview
13.22.2 Financial Overview
13.22.3 Products Offered
13.22.4 Key Developments
13.22.5 Swot Analysis
13.22.6 Key Strategy
13.23 Climatemaster
13.23.1 Company Overview
13.23.2 Financial Overview
13.23.3 Products Offered
13.23.4 Key Developments
13.23.5 Swot Analysis
13.23.6 Key Strategy
13.24 Data Citations
List Of Tables
table 1 Qfd Modeling For Market Share Assessment 39
Table 2 Canada Heat Pump Market Size, By Type, 2018-2032 (Usd Million)
Table 3 Canada Heat Pump Market Size, By Technology, 2018-2032 (Usd Million)
Table 4 Canada Heat Pump Market, By Refrigerant Type, 2018-2032 (Usd Million)
Table 5 Canada Heat Pump Market Size, By Capacity Kw/Ton, 2018-2032 (Usd Million)
Table 6 Canada Heat Pump Market Size, By End Use, 2018-2032 (Usd Million)
Table 7 Competition Dashboard: Uhmwpe Market
Table 8 Leading Players In Terms Of The Number Of Developments In The Heat Pump Market
Table 9 New Product Launch
Table 10 Acquisition
Table 11 Collaboration
Table 12 Recognition
Table 13 Capacity Expansion
Table 14 Carrier Corporation: Products Offered
Table 15 Lennox International Inc.: Products Offered
Table 16 Lennox International Inc.: Key Developments
Table 17 Johnson Controls: Products Offered
Table 18 Johnson Controls: Key Developments
Table 19 Nordic Heat Pumps: Products Offered
Table 20 Mitsubishi Electric: Products Offered
Table 21 Mitsubishi Electric: Key Developments
Table 22 Trane: Products Offered
Table 23 Daikin Industries Ltd.: Products Offered
Table 24 Daikin Industries Ltd.: Key Developments
Table 25 Midea Group: Products Offered
Table 26 Midea Group: Key Developments
Table 27 Fujitsu General: Products Offered
Table 28 Rheem: Products Offered
Table 29 Transom: Products Offered
Table 30 Nibe Group: Products Offered
Table 31 Budzar Industries Llc.: Products Offered
Table 32 Aermec: Products Offered
Table 33 Napoleon Heating & Cooling: Products Offered
Table 34 Novair Heat Pumps Inc.: Products Offered
Table 35 Panasonic Canada Inc.: Products Offered
Table 36 Arctic Heat Pumps: Products Offered
Table 37 Senville: Products Offered
Table 38 Bosch Thermotechnology Corp: Products Offered
Table 39 U.S. Boiler Company, Llc.: Products Offered
Table 40 Gree Canada: Products Offered
Table 41 Climatemaster: Products Offered
List Of Figures
Figure 1 Canada Heat Pump Market Snapshot
Figure 2 Canada Heat Pump Market: Structure
Figure 3 Canada Heat Pump Market: Market Growth Factor Analysis (2018-2032)
Figure 4 Greenhouse Gas Emissions, Canada, 2018 To 2022 (In Megatonnes Of Carbon Dioxide Equivalent)
Figure 5 Driver Impact Analysis (2024-2032)
Figure 6 Restraint Impact Analysis (2024-2032)
Figure 7 Value Of New Construction In Canada, 2018-2023 (In Billion Canadian Dollars)
Figure 8 Clean Technology Project Trends In Canada In 2022 (In Number Of Projects)
Figure 9 Supply Chain: Canada Heat Pump Market
Figure 10 Porter's Five Forces Analysis Of The Canada Heat Pump Market
Figure 11 Pestel Analysis
Figure 12 Canada Heat Pump Market, By Type, 2023 (% Share)
Figure 13 Canada Heat Pump Market, By Technology, 2023 (% Share)
Figure 14 Canada Heat Pump Market, By Refrigerant Type, 2023 (% Share)
Figure 15 Canada Heat Pump Market, By Capacity Kw/Ton, 2023 (% Share)
Figure 16 Canada Heat Pump Market, By End Use, 2023 (% Share)
Figure 17 Canada Heat Pump Market Share Analysis, 2023 (%)
Figure 18 Benchmarking Of Major Competitors
Figure 19 Comparative Analysis: Key Players Financial, 2023
Figure 20 Carrier Corporation: Financial Overview Snapshot
Figure 21 Carrier Corporation.: Swot Analysis
Figure 22 Lennox International Inc.: Financial Overview Snapshot
Figure 23 Lennox International Inc.: Swot Analysis
Figure 24 Johnson Controls: Financial Overview Snapshot
Figure 25 Johnson Controls: Swot Analysis
Figure 26 Nordic Heat Pumps: Swot Analysis
Figure 27 Mitsubishi Electric: Financial Overview Snapshot
Figure 28 Mitsubishi Electric: Swot Analysis
Figure 29 Trane: Swot Analysis
Figure 30 Daikin Industries Ltd.: Financial Overview Snapshot
Figure 31 Daikin Industries Ltd.: Swot Analysis
Figure 32 Midea Group: Financial Overview Snapshot
Figure 33 Midea Group: Swot Analysis
Figure 34 Fujitsu General: Swot Analysis
Figure 35 Rheem: Swot Analysis
Figure 36 Transom: Swot Analysis
Figure 37 Nibe Group: Swot Analysis
Figure 38 Budzar Industries Llc.: Swot Analysis
Figure 39 Aermec: Swot Analysis
Figure 40 Napoleon Heating & Cooling: Swot Analysis
Figure 41 Novair Heat Pumps Inc.: Swot Analysis
Figure 42 Panasonic Canada Inc.: Swot Analysis
Figure 43 Arctic Heat Pumps: Swot Analysis
Figure 44 Senville: Swot Analysis
Figure 45 Bosch Thermotechnology Corp: Swot Analysis
Figure 46 U.S. Boiler Company, Llc.: Swot Analysis
Figure 47 Gree Canada: Swot Analysis
Figure 48 Climatemaster: Swot Analysis

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