Boiler & Heat Exchanger Manufacturing in Canada - Industry Market Research Report

Cooling Down: Forecast Growth in the World Price of Steel and Industry Wages May Force Operators to Increase Product Prices

Canadian boiler and heat exchanger manufacturers have endured significant volatility. Manufacturers design, produce and install power boilers and heat exchangers for various industrial processes like refining, oil extraction, building climate control, manufacturing and power generation. Plummeting export volumes, the COVID-19 pandemic and supply chain disruptions contributed to significant volatility during the current period. Ultimately, revenue plunged at an expected CAGR of 4.3% to $1.0 billion through the current period, despite a 0.1% rally in 2023, where profit reached 14.6%.

This industry manufactures boilers and heat exchangers. In addition to their manufacturing activities, companies also provide installation services for their products. These products include boilers, which are closed vessels where fluid is heated; heat exchangers, which enables thermal energy to be transferred between fluids while keeping them separate; and radiators, which are simpler forms of heat exchangers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.