Heating & Air-Conditioning Contractors in Canada - Industry Market Research Report

Heating & Air-Conditioning Contractors in Canada - Industry Market Research Report

  • February 2021 •
  • 47 pages •
  • Report ID: 4564519 •
  • Format: PDF
Heating up: Government energy-efficiency incentives are expected to benefit HVAC contractors

Abstract

Heating & Air-Conditioning Contractors in Canada
The Heating and Air-Conditioning Contractors industry in Canada is highly dependent on construction activity across Canada, as the majority of revenue is generated from heating, ventilation and air-conditioning (HVAC) installations in new residential and nonresidential buildings. As a significant share of industry revenue is generated from maintaining, monitoring and repairing existing equipment, the industry is somewhat shielded from volatile performance in construction markets. Prior to the reporting period, a strong expansion of the housing market alongside steady economic growth caused new construction activity to increase. As businesses increased operations, fewer vacancies in commercial buildings appeared and demand for new nonresidential structures rose. Consequently, these factors boosted demand for HVAC installations across construction markets. Alongside stronger demand from downstream markets, national standards for energy efficiency and a growing trend toward lowering energy use are projected to encourage building owners to upgrade to more efficient systems. In addition, government energy-efficiency incentives are expected to benefit HVAC contractors.

This industry installs and services heating, ventilation, air-conditioning and refrigeration equipment. The work performed includes new installations, additions, alterations, maintenance and repairs. Plumbing-related information is not covered in this report, but is instead covered in the Plumbing industry in Canada report (IBISWorld report 23822bCA).

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 key players and their market shares.
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