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Canada Outdoor Air Source Heat Pump Market Size, Share & Trends Analysis Report By Product Type (Air to Air, Air to Water), By Application, By Size, By Region, And Segment Forecasts, 2023-2030

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    Report

  • 208 Pages
  • June 2023
  • Region: Canada
  • Grand View Research
  • ID: 5846799
Description Jump to:
The Canada outdoor air source heat pump market size is expected to reach USD 2,377.1 million by 2030, expanding at 7.0% CAGR from 2023 to 2030, according to this report. The Canadian government is becoming increasingly concerned with the problems associated with fossil fuels and is adopting various environmental-friendly alternatives. Construction is one such industry that is undergoing substantial changes as new laws to reduce carbon footprint continue to be adopted. With the federal government establishing an annual carbon price and announcing that all new construction must be net-zero-ready by 2030, the industry must find new ways to reduce emissions and expenses. Using air-source heat pumps for year-round heating and cooling is a prominent approach to cutting energy usage and carbon emissions.

The benefits of adopting an air source heat pump are energy savings, increased automation, environmental sustainability, cost savings, and efficiency. A remote monitoring system of air source heat pump drying system based on IoT is designed and developed to enhance the automation capability of the drying system present in ASHP.

This will enable the real-time monitoring of the ASHP drying system online during operation processes. It can also manage the drying process flow and determine the two-level energy efficiency indices. Furthermore, the remote monitoring system based on IoT protects and ensures electricity savings. These technological advancements mentioned above are projected to fuel market growth in the coming years.

The cost of installing an air source heat pump (ASHP) varies depending on the type of equipment and capacity. A heat pump with a high Heating Seasonal Performance Factor (HSPF) and SEER rating is generally priced higher. The energy-efficient models help save on energy bills and operational costs but require higher initial investments. Heat pumps have a significant installation cost. The ultimate cost is determined by the size and area required for installation. The cost of installation is accompanied by high labor, drilling, and excavation costs.

The major players in the market are partnering with different companies to enhance their product portfolio and advanced product offering. For instance, in December 2022, Daikin Comfort Technologies North America Inc. acquired Venstar Inc., an energy & controls management systems provider whose indoor comfort products and technology are used in light commercial & residential applications across Canada, Mexico, and the U.S.

The market is highly competitive and dependent on technological advancements and product developments. Market players strive to achieve application development to gain a competitive advantage. The presence of local players in the region poses a significant threat to large multinational companies in terms of product quality and prices offered to customers.

Canada Outdoor Air Source Heat Pump Market Report Highlights

  • The air-to-air led segment of the market and accounted for 87.9% of the Canada outdoor air source heat pump industry revenue share in 2022. The market is anticipated to grow at a CAGR of 6.8% from 2023 to 2030, in terms of revenue. An air-to-air heat pump is made up of an exterior unit, inside pipes, and individual 'blowers' that are installed in different rooms around the house
  • Canada's construction sector is anticipated to rise due to the country's growing population, urbanization, immigration rates, and increasing government investments in light commercial construction. An increasing number of service-providing firms in the country is expected to fuel the demand for office spaces, thus, driving light commercial construction. Thus, rising light commercial construction in Canada is expected to augment the growth of the air-to-air heat pump market in the country
  • Using an air-to-water heat pump for year-round heating and cooling is a robust approach to minimizing energy consumption and carbon emissions. Air-to-water heat pumps are extremely efficient and reduce the need for natural gas. They work by transferring thermal energy through the use of electricity rather than fossil fuels and are suitable for a wide range of settings, from single-family houses to huge multi-unit complexes
  • Canada outdoor air source heat pump manufacturers focus on collaborations, mergers, acquisitions, partnerships, and product launches to expand their product portfolios and increase their production capacities as well as a consumer base. For instance, in February 2023, Hitachi introduced the Yutaki M R32 monobloc air-to-water heat pump. Even in sub-zero temperatures, the 4-ton and 3-ton systems have 140°F heating capacity

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Information analysis
1.4.2. Market formulation & data visualization
1.4.3. Data validation & publishing
1.5. Research Scope and Assumptions
1.5.1. List to data sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Canada Outdoor Air Source Heat Pump Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material and Component Outlook
3.2.2. Manufacturing Outlook
3.2.3. Distribution Outlook
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraints analysis
3.5.3. Market opportunity analysis
3.5.4. Market challenges
3.6. Economic Mega Trend Analysis
3.7. Indoor Air Source Heat Pump Analysis
3.8. Pricing Analysis of Canada Outdoor Air Source Heat Pump Market
3.8.1. Unitary Air To Air Heat Pump System Price By Size
3.8.2. Ductless Air To Air Heat Pump System Price By Size
3.8.3. Air To Water Heat Pump System Price By Size
3.9. SEER2, EER2 and HSPF2 Analysis, by size
3.10. Industry Analysis Tools
3.10.1. Porter’s analysis
3.10.2. Macroeconomic analysis
Chapter 4. Canada Outdoor Air Source Heat Pump Market: Type Estimates & Trend Analysis
4.1. Canada Outdoor Air Source Heat Pump Market: Type Outlook
4.2. Canada Outdoor Air Source Heat Pump Market: Type Movement Analysis & Market Share, 2022 & 2030
4.3. Canada Outdoor Air Source Heat Pump Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Million, Units)
4.3.1. Air to Air (USD Million)
4.3.2. Air to Air (Volume Units)
4.3.3. Air to Water (USD Million)
4.3.4. Air to Water (Volume Units)
Chapter 5. Canada Outdoor Air To Air Heat Pump Market: Product Estimates & Trend Analysis
5.1. Canada Outdoor Air To Air Heat Pump Market: Product Outlook
5.2. Canada Outdoor Air To Air Heat Pump Market: Product Movement Analysis & Market Share, 2022 & 2030
5.3. Canada Outdoor Air To Air Heat Pump Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million, Units)
5.3.1. Air Source Heat Pump (ASHP) (USD Million)
5.3.2. Air Source Heat Pump (ASHP) (Volume Units)
5.3.3. Cold Climate Air source heat pump (CC-ASHP) (USD Million)
5.3.4. Cold Climate Air Source Heat Pump (CC-ASHP) (Volume Units)
Chapter 6. Canada Outdoor Air To Air Heat Pump Market: Application Estimates & Trend Analysis
6.1. Canada Outdoor Air To Air Heat Pump Market: Application Outlook
6.2. Canada Outdoor Air To Air Heat Pump Market: Application Movement Analysis & Market Share, 2022 & 2030
6.3. Canada Outdoor Air To Air Heat Pump Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million, Units)
6.3.1. Residential, (USD Million)
6.3.2. Residential, (Volume Units)
6.3.3. Light commercial, (USD Million)
6.3.4. Light commercial, (Volume Units)
Chapter 7. Canada Outdoor Air To Air Heat Pump Market: Size Estimates & Trend Analysis
7.1. Canada Outdoor Air To Air Heat Pump Market: Size Outlook
7.2. Canada Outdoor Air To Air Heat Pump Market: Size Movement Analysis & Market Share, 2022 & 2030
7.3. Canada Outdoor Air To Air Heat Pump Market Estimates & Forecasts, By Size, 2018 - 2030 (USD Millions, Units)
7.3.1. Unitary system, by size, (USD Million)
7.3.2. Unitary system, by size, (VOLUME UNITS)
7.3.3. Ductless system, by size, (USD Million)
7.3.4. Ductless system, by size, (VOLUME UNITS)
Chapter 8. Canada Outdoor Air To Air Heat Pump Market: Region Estimates & Trend Analysis
8.1. Canada Outdoor Air To Air Heat Pump Market: Region Outlook
8.2. Canada Outdoor Air To Air Heat Pump Market: Region Movement Analysis & Market Share, 2022 & 2030
8.3. Canada Outdoor Air To Air Heat Pump Market Estimates & Forecasts, By Region, 2018 - 2030 (USD Million, Units)
8.3.1. Unitary System, By Region, (USD Million)
8.3.2. Unitary System, By Region, (Volume Units)
8.3.3. Ductless system, by region, (USD Million)
8.3.4. Ductless system, by region, (Volume Units)
Chapter 9. Canada Outdoor Air To Water Heat Pump Market: Application Estimates & Trend Analysis
9.1. Canada Outdoor Air To Water Heat Pump Market: Application Outlook
9.2. Canada Outdoor Air To Air Heat Pump Market: Application Movement Analysis & Market Share, 2022 & 2030
9.3. Canada Outdoor Air To Water Heat Pump Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million, Units)
9.3.1. Residential, (USD Million)
9.3.2. Residential, (Volume units)
9.3.3. Light commercial, (USD Million)
9.3.4. Light commercial, (Volume units)
Chapter 10. Canada Outdoor Air To Water Heat Pump Market: Size Estimates & Trend Analysis
10.1. Canada Outdoor Air To Water Heat Pump Market: Size Outlook
10.2. Canada Outdoor Air To Water Heat Pump Market: Size Movement Analysis & Market Share, 2022 & 2030
10.3. Canada Outdoor Air To Water Heat Pump Market Estimates & Forecasts, By Size, 2018 - 2030 (USD Million, Units)
10.3.1. Air to Water Heat Pump, by size (USD Million)
10.3.2. Air to Water Heat Pump, by size (Volume Units)
Chapter 11. Canada Outdoor Air To Water Heat Pump Market: Region Estimates & Trend Analysis
11.1. Canada Outdoor Air To Water Heat Pump Market: Region Outlook
11.2. Canada Outdoor Air To Water Heat Pump Market: Region Movement Analysis & Market Share, 2022 & 2030
11.3. Canada Outdoor Air To Water Heat Pump Market Estimates & Forecasts, By Region, 2018 - 2030 (USD Million, Units)
11.3.1. Air to Water Heat Pump, by region (USD Million)
11.3.2. Air to Water Heat Pump, by region (volume units)
Chapter 12. Canada Outdoor Air Source Heat Pump Market Competitive Landscape
12.1. Recent Developments & Impact Analysis, By Key Market Participants
12.2. Company Categorization
12.3. Participant’s Overview
12.4. Financial Overview
12.5. Product Benchmarking
12.6. Canada Outdoor Air Source Market Key Company Brand Heat Map Analysis
12.7. Company Market Positioning
12.8. Company Market Share Analysis, By Revenue, 2022
12.9. Company Heat Map Analysis
12.10. Competitive Dashboard Analysis
12.11. Strategy Mapping
12.11.1. Merger & Acquisition
12.11.2. Product Launches
12.11.3. Partnerships
Chapter 13. Canada Outdoor Air Source Heat Pump Market: Company Profiles
13.1. Carrier
13.2. Daikin Industries, Ltd.
13.3. Ingersoll-Rand Plc (Trane)
13.4. Robert Bosch GmbH
13.5. Danfoss
13.6. Mitsubishi Electric Corporation
13.7. Panasonic Holdings Corporation
13.8. Fujitsu
13.9. LG Electronics, Inc.
13.10. Rheem Manufacturing Company
13.11. Gree Comfort
13.12. Samsung
13.13. Lennox International
13.14. Hitachi, Ltd.
13.15. Johnson Controls, Inc.
13.16. MARS (COMFORT-AIRE BY AITONS)
13.17. Denali Aire
13.18. GREE Electric Appliances (TOSOT)
13.19. HAIER(GENERAL ELECTRIC)
13.20. Midea Group
13.21. NAPOLEON
13.22. Ouellet
13.23. Danby
13.24. Perfect Aire
13.25. Direct Air
13.26. MRCOOL
13.27. Goodman Manufacturing
13.28. Frigidaire HVAC
13.29. Westinghouse Electric Corporation
List of Tables
Table 1: Simple Payback Based On Carbon Reduction & Federal Carbon Charge (USD)
Table 2: List Of Eligible Models Offered By Panasonic, 2022
Table 3: Primary Heating Systems And Type Of Energy (%)
Table 4: Installation Cost Comparison Between Furnaces And Heat Pump In Canada (In USD)
Table 5: Advantages And Disadvantages Of Air Source Heat Pumps
Table 6: HSPFs For Air-Source Heat Pumps For Various Locations In Canada
Table 7: Energy Efficiency Considerations, SEER, HSPF
Table 8: Canada Outdoor Air Source Heat Pump Market Estimates and Forecasts, By Type, 2018-2030 (USD Million)
Table 9: Canada Outdoor Air Source Heat Pump Market Estimates and Forecasts, By Type, 2018-2030 (Volume Units)
Table 10: Advantages And Disadvantages Of Unitary And Ductless Air To Air Heat Pumps
Table 11: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Product, 2018-2030 (USD Million)
Table 12: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Product, 2018-2030 (Volume Units)
Table 13: Advantages And Disadvantages Of Air Source Heat Pump
Table 14: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Application, 2018-2030 (USD Million)
Table 15: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Application, 2018-2030 (Volume Units)
Table 16: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Size, 2018-2030 (USD Millions)
Table 17: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Size, 2018-2030 (Volume Units)
Table 18: Required Heat Pump Size Based on Home Area
Table 19: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Region, 2018-2030 (USD Million)
Table 20: Canada Outdoor Air To Air Heat Pump Market Estimates and Forecasts, By Region, 2018-2030 (Volume Units)
Table 21: Heat Pump Costs And Performance Of Various Heat Pump Types
Table 22: Suitable Heat Pump And Supplementary Heating Systems At Different Conditions
Table 23: Canada Outdoor Air To Water Heat Pump Market Estimates and Forecasts, By Application, 2018-2030 (USD Million)
Table 24: Canada Outdoor Air To Water Heat Pump Market Estimates and Forecasts, By Application, 2018-2030 (Volume Units)
Table 25: Canadian Shipments For HVACR Equipment For 2018 To 2022 (Thousand Units)
Table 26: Canada Outdoor Air To Water Heat Pump Market Estimates and Forecasts, By Size, 2018-2030 (USD Million)
Table 27: Canada Outdoor Air To Water Heat Pump Market Estimates and Forecasts, By Size, 2018-2030 (Volume Units)
Table 28: Energy And Emission Reduction By Region
Table 29: CleanBC Better Homes- Approved Air-to-Water and Combination Heat Pumps
Table 30: Canada Outdoor Air To Water Heat Pump Market Estimates and Forecasts, By Region, 2018-2030 (USD Millions)
Table 31: Canada Outdoor Air To Water Heat Pump Market Estimates and Forecasts, By Region, 2018-2030 (Volume Units)
Table 32: Total Investments In Non-Residential Building Construction, (USD Million), February 2023
Table 33: Recent Developments & Impact Analysis, By Key Market Participants
Table 34: Company Heat Map Analysis, 2022
Table 35: Company Market Share, 2022
Table 36: Company Heat Map Analysis, 2022
Table 37: Key Companies: Merger & Acquisition
Table 38: Key Companies: Product Launches
Table 39: Key Companies: Expansion
List of Figures
Fig. 1: Market Segmentation & Scope
Fig. 2: Information Procurement
Fig. 3: Data Analysis Models
Fig. 4: Market Formulation and Validation
Fig. 5: Data Validating & Publishing
Fig. 6: Market Snapshot
Fig. 7: Type Segment Snapshot
Fig. 8: Application Segment Snapshot
Fig. 9: Competitive Landscape Snapshot
Fig. 10: Canada Outdoor Air Source Heat Pump Market Value, 2022 (USD Million)
Fig. 11: Canada Outdoor Air Source Heat Pump Market - Value Chain Analysis
Fig. 12: Market Dynamics
Fig. 13: Market Driver Analysis
Fig. 14: Market Restraint Analysis
Fig. 15: Rising housing construction in Canada, 2022 (Units)
Fig. 16: Unitary Air to Air Heat Pump System Pricing Analysis by Size, 2018-2030 USD Per Unit
Fig. 17: Ductless Air to Air Heat Pump System Pricing Analysis by Size, 2018-2030 USD Per Unit
Fig. 18: Air to Water Heat Pump System Pricing Analysis by Size, 2018-2030 USD Per Unit
Fig. 19: SEER2 efficiency ratio (%)
Fig. 20: Canada Outdoor Air Source Heat Pump Market: PORTER’s Analysis
Fig. 21: Canada Outdoor Air Source Heat Pump Market: PESTEL Analysis
Fig. 22: Canada Outdoor Air Source Heat Pump Market, By Product: Key Takeaways
Fig. 23: Canada Outdoor Air Source Heat Pump Market: Type Movement Analysis & Market Share, 2022 & 2030
Fig. 24: Air to Air Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 25: Air to Air Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 26: Air To Air Estimates & Forecasts, by Unitary System, 2018-2030 (USD Million)
Fig. 27: Air To Air Estimates & Forecasts, by Unitary System, 2018-2030 (Volume Units)
Fig. 28: Air To Air Market Estimates & Forecasts, by Ductless System, 2018-2030 (USD Million)
Fig. 29: Air To Air Market Estimates & Forecasts, by Ductless System, 2018-2030 (Volume Units)
Fig. 30: Ductless System Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 31: Ductless System Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 32: Air to Water Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 33: Air to Water Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 34: Canada Outdoor Air To Air Heat Pump Market: Key Takeaways
Fig. 35: Canada Outdoor Air To Air Heat Pump Market: Product Movement Analysis & Market Share, 2022 & 2030
Fig. 36: Air Source Heat Pump (ASHP) Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 37: Air Source Heat Pump (ASHP) Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 38: Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Hybrid System, 2018-2030 (USD Million)
Fig. 39: Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Hybrid System, 2018-2030 (Volume Units)
Fig. 40: Hybrid Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 41: Hybrid Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 42: Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Electric System, 2018-2030 (USD Million)
Fig. 43: Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Electric System, 2018-2030 (Volume Units)
Fig. 44: Electric Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 45: Electric Air Source Heat Pump (ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 46: Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 47: Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 48: Cold Climate Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Hybrid System, 2018-2030 (USD Million)
Fig. 49: Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Hybrid System, 2018-2030 (Volume Units)
Fig. 50: Hybrid Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 51: Hybrid Cold Climate Air Source (CC-ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 52: Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Electric System, 2018-2030 (USD Million)
Fig. 53: Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Electric System, 2018-2030 (Volume Units)
Fig. 54: Electric Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 55: Electric Cold Climate Air Source Heat Pump (CC-ASHP) Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 56: Canada Outdoor Air To Air Heat Pump Market, By Application: Key Takeaways
Fig. 57: Canada Outdoor Air To Air Heat Pump Market: Application Movement Analysis & Market Share, 2022 & 2030
Fig. 58: Canada Residential Air To Air Heat Pump Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 59: Canada Residential Air To Air Heat Pump Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 60: Canada Residential Air To Air Heat Pump Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 61: Canada Residential Air To Air Heat Pump Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 62: Investment In Residential Building Construction In Canada, Seasonally Adjusted, Millions Of Dollars
Fig. 63: Canada Light Commercial Air To Air Heat Pump Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 64: Canada Light Commercial Air To Air Heat Pump Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 65: Canada Light Commercial Air To Air Heat Pump Market Estimates & Forecasts, By Product Type, 2018-2030 (USD Million)
Fig. 66: Canada Light Commercial Air To Air Heat Pump Market Estimates & Forecasts, By Product Type, 2018-2030 (Volume Units)
Fig. 67: Canada Outdoor Air To Air Heat Pump Market, By Size: Key Takeaways
Fig. 68: Canada Outdoor Air To Air Heat Pump Market: Size Movement Analysis & Market Share, 2022 & 2030
Fig. 69: Unitary System Market Estimates & Forecasts, By Size, 2018-2030 (USD Million)
Fig. 70: Unitary System Market Estimates & Forecasts, By Size, 2018-2030 (Volume Units)
Fig. 71: Ductless System Market Estimates & Forecasts, By Size, 2018-2030 (USD Million)
Fig. 72: Ductless System Market Estimates & Forecasts, By Size, 2018-2030 (Volume Units)
Fig. 73: Canada Outdoor Air To Air Heat Pump Market, By Region: Key Takeaways
Fig. 74: Canada Outdoor Air To Air Heat Pump Market: Region Movement Analysis & Market Share, 2022 & 2030
Fig. 75: Unitary System Market Estimates & Forecasts, By Region, 2018-2030 (USD Million)
Fig. 76: Unitary System Market Estimates & Forecasts, By Region, 2018-2030 (Volume Units)
Fig. 77: Ductless System Market Estimates & Forecasts, By Region, 2018-2030 (USD Million)
Fig. 78: Ductless System Market Estimates & Forecasts, By Region, 2018-2030 (Volume Units)
Fig. 79: Canada Outdoor Air To Water Heat Pump Market, By Application: Key Takeaways
Fig. 80: Canada Outdoor Air To Air Heat Pump Market: Application Movement Analysis & Market Share, 2022 & 2030
Fig. 81: Canada Residential Air To Water Heat Pump Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 82: Canada Residential Air To Water Heat Pump Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 83: Canada Light Commercial Air To Water Heat Pump Market Estimates & Forecasts, 2018-2030 (USD Million)
Fig. 84: Canada Light Commercial Air To Water Heat Pump Market Estimates & Forecasts, 2018-2030 (Volume Units)
Fig. 85: Canada Outdoor Air To Water Heat Pump Market, By Size: Key Takeaways
Fig. 86: Canada Outdoor Air To Water Heat Pump Market: Size Movement Analysis & Market Share, 2022 & 2030
Fig. 87: Canada Air To Water Heat Pump Market Estimates & Forecasts, By Size, 2018-2030 (USD Million)
Fig. 88: Canada Air To Water Heat Pump Market Estimates & Forecasts, By Size, 2018-2030 (Volume Units)
Fig. 89: Canada Outdoor Air To Water Heat Pump Market, By Region: Key Takeaways
Fig. 90: Canada Outdoor Air To Water Heat Pump Market: Region Movement Analysis & Market Share, 2022 & 2030
Fig. 91: Canada Air To Water Heat Pump Market Estimates & Forecasts, By Region, 2018-2030 (USD Million)
Fig. 92: Canada Air To Water Heat Pump Market Estimates & Forecasts, By Region, 2018-2030 (Volume Units)
Fig. 93: Key Company Categorization
Fig. 94: Company Market Positioning
Fig. 95: Company Market Share Analysis By Revenue, 2022
Fig. 96: Competitive Dashboard Analysis
Fig. 97: Strategic Framework

Companies Mentioned

  • Carrier
  • Daikin Industries, Ltd.
  • Ingersoll-Rand Plc (Trane)
  • Robert Bosch GmbH
  • Danfoss
  • Mitsubishi Electric Corporation
  • Panasonic Holdings Corporation
  • Fujitsu
  • LG Electronics, Inc.
  • Rheem Manufacturing Company
  • Gree Comfort
  • Samsung
  • Lennox International
  • Hitachi, Ltd.
  • Johnson Controls, Inc.
  • MARS (COMFORT-AIRE BY AITONS)
  • Denali Aire
  • GREE Electric Appliances (TOSOT)
  • HAIER(GENERAL ELECTRIC)
  • Midea Group
  • NAPOLEON
  • Ouellet
  • Danby
  • Perfect Aire
  • Direct Air
  • MRCOOL
  • Goodman Manufacturing
  • Frigidaire HVAC
  • Westinghouse Electric Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages208
PublishedJune 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 1387.6 Million
Forecasted Market Value ( USD ) by 2030 $ 2377.1 Million
Compound Annual Growth Rate7.0%
Regions CoveredCanada
No. of Companies Mentioned29

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About the Market

Outdoor Air Source Heat Pumps (OASHPs) are a type of pump that uses the outside air to heat and cool buildings. They are an energy-efficient alternative to traditional heating and cooling systems, as they use the natural heat of the air to provide heating and cooling. OASHPs are typically used in residential and commercial buildings, and can be used in both new construction and retrofit projects. OASHPs are becoming increasingly popular due to their energy efficiency and cost savings. They are also easy to install and maintain, making them a viable option for many homeowners and businesses. Additionally, OASHPs are environmentally friendly, as they do not produce any emissions. Some of the companies in the OASHP market include Daikin, Mitsubishi Electric, Carrier, Trane, and Lennox. These companies offer a variety of OASHP models, ranging from small, single-room units to large, multi-room systems. Show Less Read more

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