| Product Code: ETC5875138 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Canada`s import momentum for the thermal systems market exhibited a notable growth rate of 14.56%, with a compound annual growth rate (CAGR) of 13.45% from 2020 to 2024. This increase can be attributed to the rising demand for energy-efficient systems and the country`s stable trade policies supporting imports in this sector.

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 Thermal Systems Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Thermal Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Thermal Systems Market - Industry Life Cycle |
3.4 Canada Thermal Systems Market - Porter's Five Forces |
3.5 Canada Thermal Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Canada Thermal Systems Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Canada Thermal Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating and cooling solutions in Canada |
4.2.2 Growing focus on sustainability and environmental regulations driving the adoption of thermal systems |
4.2.3 Technological advancements leading to the development of more efficient and advanced thermal systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing thermal systems |
4.3.2 Fluctuating raw material prices impacting the overall cost of thermal systems |
4.3.3 Slow adoption rate in certain regions due to lack of awareness or resistance to change |
5 Canada Thermal Systems Market Trends |
6 Canada Thermal Systems Market Segmentations |
6.1 Canada Thermal Systems Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Canada Thermal Systems Market Revenues & Volume, By Front & Rear A/C, 2021-2031F |
6.1.3 Canada Thermal Systems Market Revenues & Volume, By Powertrain, 2021-2031F |
6.1.4 Canada Thermal Systems Market Revenues & Volume, By Seat, 2021-2031F |
6.1.5 Canada Thermal Systems Market Revenues & Volume, By Steering, 2021-2031F |
6.1.6 Canada Thermal Systems Market Revenues & Volume, By Battery, 2021-2031F |
6.1.7 Canada Thermal Systems Market Revenues & Volume, By Motor, 2021-2031F |
6.1.9 Canada Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.1.10 Canada Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.2 Canada Thermal Systems Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Canada Thermal Systems Market Revenues & Volume, By ICE, 2021-2031F |
6.2.3 Canada Thermal Systems Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Canada Thermal Systems Market Revenues & Volume, By Off-Vehicle & ATV, 2021-2031F |
7 Canada Thermal Systems Market Import-Export Trade Statistics |
7.1 Canada Thermal Systems Market Export to Major Countries |
7.2 Canada Thermal Systems Market Imports from Major Countries |
8 Canada Thermal Systems Market Key Performance Indicators |
8.1 Energy efficiency rating of thermal systems installed |
8.2 Number of government incentives or rebates utilized for thermal system installations |
8.3 Percentage increase in the adoption of smart thermal systems |
8.4 Rate of growth in demand for renewable energy sources in thermal systems |
8.5 Number of new partnerships or collaborations in the thermal systems industry |
9 Canada Thermal Systems Market - Opportunity Assessment |
9.1 Canada Thermal Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Canada Thermal Systems Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Canada Thermal Systems Market - Competitive Landscape |
10.1 Canada Thermal Systems Market Revenue Share, By Companies, 2024 |
10.2 Canada Thermal Systems 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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