| Product Code: ETC10610830 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In the Canada HVAC market, the import trend exhibited a growth rate of 0.84% from 2023 to 2024, with a compound annual growth rate (CAGR) of 13.08% for the period of 2020-2024. This growth can be attributed to the steady demand for HVAC equipment and components, indicating market stability and sustained interest in imported products within the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada HVAC Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada HVAC Market Revenues & Volume, 2022 & 2032F |
3.3 Canada HVAC Market - Industry Life Cycle |
3.4 Canada HVAC Market - Porter's Five Forces |
3.5 Canada HVAC Market Revenues & Volume Share, By System Type, 2022 & 2032F |
3.6 Canada HVAC Market Revenues & Volume Share, By Component, 2022 & 2032F |
3.7 Canada HVAC Market Revenues & Volume Share, By End Use, 2022 & 2032F |
4 Canada HVAC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC systems in Canada due to rising environmental concerns and government regulations. |
4.2.2 Technological advancements leading to the development of smart and connected HVAC systems, driving market growth. |
4.2.3 Growing construction activities in residential, commercial, and industrial sectors boosting the demand for HVAC systems. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing costs of HVAC systems. |
4.3.2 Seasonal variations in weather affecting the demand for HVAC systems. |
4.3.3 Slow adoption of new HVAC technologies due to high initial investment costs. |
5 Canada HVAC Market Trends |
6 Canada HVAC Market, By Types |
6.1 Canada HVAC Market, By System Type |
6.1.1 Overview and Analysis |
6.1.2 Canada HVAC Market Revenues & Volume, By System Type, 2022 - 2032F |
6.1.3 Canada HVAC Market Revenues & Volume, By Heating, 2022 - 2032F |
6.1.4 Canada HVAC Market Revenues & Volume, By Ventilation, 2022 - 2032F |
6.1.5 Canada HVAC Market Revenues & Volume, By Air Conditioning, 2022 - 2032F |
6.1.6 Canada HVAC Market Revenues & Volume, By Refrigeration, 2022 - 2032F |
6.2 Canada HVAC Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Canada HVAC Market Revenues & Volume, By Compressors, 2022 - 2032F |
6.2.3 Canada HVAC Market Revenues & Volume, By Fans & Blowers, 2022 - 2032F |
6.2.4 Canada HVAC Market Revenues & Volume, By Coils, 2022 - 2032F |
6.2.5 Canada HVAC Market Revenues & Volume, By Ducts, 2022 - 2032F |
6.3 Canada HVAC Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Canada HVAC Market Revenues & Volume, By Residential, 2022 - 2032F |
6.3.3 Canada HVAC Market Revenues & Volume, By Commercial, 2022 - 2032F |
6.3.4 Canada HVAC Market Revenues & Volume, By Industrial, 2022 - 2032F |
6.3.5 Canada HVAC Market Revenues & Volume, By Others, 2022 - 2032F |
7 Canada HVAC Market Import-Export Trade Statistics |
7.1 Canada HVAC Market Export to Major Countries |
7.2 Canada HVAC Market Imports from Major Countries |
8 Canada HVAC Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC systems installed in buildings. |
8.2 Number of smart HVAC systems integrated with IoT technologies. |
8.3 Percentage of new construction projects incorporating advanced HVAC systems for sustainability and energy savings. |
9 Canada HVAC Market - Opportunity Assessment |
9.1 Canada HVAC Market Opportunity Assessment, By System Type, 2022 & 2032F |
9.2 Canada HVAC Market Opportunity Assessment, By Component, 2022 & 2032F |
9.3 Canada HVAC Market Opportunity Assessment, By End Use, 2022 & 2032F |
10 Canada HVAC Market - Competitive Landscape |
10.1 Canada HVAC Market Revenue Share, By Companies, 2025 |
10.2 Canada HVAC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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