Canada Cold Climate Air Source Heat Pump Market Size & Outlook
Canada cold climate air source heat pump market, 2018-2030 (US$M)
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Canada cold climate air source heat pump market highlights
- The Canada cold climate air source heat pump market generated a revenue of USD 60.7 million in 2022 and is expected to reach USD 170.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.8% from 2023 to 2030.
- In terms of segment, split systems was the largest revenue generating product in 2022.
- Single Package Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Cold climate air source heat pump market data book summary
| Market revenue in 2022 | USD 60.7 million |
| Market revenue in 2030 | USD 170.4 million |
| Growth rate | 13.8% (CAGR from 2022 to 2030) |
| Largest segment | Split systems |
| Fastest growing segment | Single Package Equipment |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Split Systems, Single Package Equipment |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Bosch, Lennox International Inc, Johnson Controls International PLC, Hitachi Ltd, Ingersoll Rand Inc, Panasonic Holdings Corp, Fujitsu Ltd, LG Electronics Inc ADR, Mitsubishi Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 11.5% of the global cold climate air source heat pump market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cold climate air source heat pump market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 170.4 million by 2030.
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Cold Climate Air Source Heat Pump Market Scope
Cold Climate Air Source Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cold climate air source heat pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold climate air source heat pump market will help companies and investors design strategic landscapes.
Split systems was the largest segment with a revenue share of 87.81% in 2022. Horizon Databook has segmented the Canada cold climate air source heat pump market based on split systems, single package equipment covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of cold climate air source heat pump market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cold climate air source heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Canada cold climate air source heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cold climate air source heat pump market size, by product, 2018-2030 (US$M)
Canada Cold Climate Air Source Heat Pump Market Outlook Share, 2022 & 2030 (US$M)
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