| Product Code: ETC6663119 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Canada outdoor air source heat pump market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -16.89%. However, the compound annual growth rate (CAGR) for the period of 2020-2024 stood at a positive 19.14%. This shift could be attributed to changes in demand dynamics or evolving trade policies impacting the market stability.

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 Outdoor Air Source Heat Pump Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Outdoor Air Source Heat Pump Market - Industry Life Cycle |
3.4 Canada Outdoor Air Source Heat Pump Market - Porter's Five Forces |
3.5 Canada Outdoor Air Source Heat Pump Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Canada Outdoor Air Source Heat Pump Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.7 Canada Outdoor Air Source Heat Pump Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Canada Outdoor Air Source Heat Pump Market Revenues & Volume Share, By Size, 2022 & 2032F |
4 Canada Outdoor Air Source Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and rebates for energy-efficient heating solutions |
4.2.2 Increasing consumer awareness about environmental issues and energy efficiency |
4.2.3 Technological advancements leading to improved performance and efficiency of outdoor air source heat pumps |
4.3 Market Restraints |
4.3.1 High upfront cost of outdoor air source heat pumps compared to traditional heating systems |
4.3.2 Dependence on external environmental factors such as temperature and humidity for optimal performance |
4.3.3 Limited availability of skilled technicians for installation and maintenance of outdoor air source heat pumps |
5 Canada Outdoor Air Source Heat Pump Market Trends |
6 Canada Outdoor Air Source Heat Pump Market, By Types |
6.1 Canada Outdoor Air Source Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Air to Air, 2022-2032F |
6.1.4 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Air to Water, 2022-2032F |
6.2 Canada Outdoor Air Source Heat Pump Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Air Source Heat Pump (ASHP), 2022-2032F |
6.2.3 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Cold Climate ASHP (CC-ASHP), 2022-2032F |
6.3 Canada Outdoor Air Source Heat Pump Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Residential, 2022-2032F |
6.3.3 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By Light Commercial, 2022-2032F |
6.4 Canada Outdoor Air Source Heat Pump Market, By Size |
6.4.1 Overview and Analysis |
6.4.2 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By 6,000 BTU, 2022-2032F |
6.4.3 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By 9,000 BTU, 2022-2032F |
6.4.4 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By 12,000 BTU, 2022-2032F |
6.4.5 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By 15,000 BTU, 2022-2032F |
6.4.6 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By 15,001 to 24,000 BTU, 2022-2032F |
6.4.7 Canada Outdoor Air Source Heat Pump Market Revenues & Volume, By 24,000 to 48,000 BTU, 2022-2032F |
7 Canada Outdoor Air Source Heat Pump Market Import-Export Trade Statistics |
7.1 Canada Outdoor Air Source Heat Pump Market Export to Major Countries |
7.2 Canada Outdoor Air Source Heat Pump Market Imports from Major Countries |
8 Canada Outdoor Air Source Heat Pump Market Key Performance Indicators |
8.1 Energy efficiency rating of outdoor air source heat pumps |
8.2 Number of installations of outdoor air source heat pumps in residential and commercial buildings |
8.3 Percentage increase in consumer adoption of outdoor air source heat pumps over time |
9 Canada Outdoor Air Source Heat Pump Market - Opportunity Assessment |
9.1 Canada Outdoor Air Source Heat Pump Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Canada Outdoor Air Source Heat Pump Market Opportunity Assessment, By Product, 2022 & 2032F |
9.3 Canada Outdoor Air Source Heat Pump Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Canada Outdoor Air Source Heat Pump Market Opportunity Assessment, By Size, 2022 & 2032F |
10 Canada Outdoor Air Source Heat Pump Market - Competitive Landscape |
10.1 Canada Outdoor Air Source Heat Pump Market Revenue Share, By Companies, 2025 |
10.2 Canada Outdoor Air Source Heat Pump 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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