How big is the Canada Commercial HVAC Market?

The Canada Commercial HVAC Market size is expected to reach USD 1 billion in 2024 and grow at a CAGR of 7.21% to reach USD 1.42 billion by 2029. Read More

What is the current Canada Commercial HVAC Market size?

In 2024, the Canada Commercial HVAC Market size is expected to reach USD 1 billion. Read More

Who are the key players in Canada Commercial HVAC Market?

Robert Bosch GmbH, Carrier Corporation, Panasonic Holdings Corporation, Johnson Controls International PLC and Trane Technologies Plc are the major companies operating in the Canada Commercial HVAC Market. Read More

What years does this Canada Commercial HVAC Market cover, and what was the market size in 2023?

In 2023, the Canada Commercial HVAC Market size was estimated at USD 0.93 billion. The report covers the Canada Commercial HVAC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Commercial HVAC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Canada Commercial HVAC Market Share

Statistics for the 2023 & 2024 Canada Commercial HVAC market share, created by Mordor Intelligence™ Industry Reports. Canada Commercial HVAC share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Canada Commercial HVAC Industry

The Canada Commercial HVAC market is fragmented, with the presence of major players like Robert Bosch GmbH, Carrier Corporation, Panasonic Holdings Corporation, Johnson Controls International PLC, Trane Technologies PLC, and Danfoss Inc., among others. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.

June 2024: The Canada HRAI and the HVAC Designers of Canada (HVAC-DC) have signed a Memorandum of Understanding (MOU). The primary goal of this MOU is to foster enhanced communication, cooperation, and collaboration within the HVAC industry. The organizations will also improve awareness regarding the criticality of proper HVAC system commissioning and elevate industry standards.
May 2024: Lennox and Samsung have signed an agreement to establish a joint venture in Canada. This venture will focus on marketing ductless AC and heat pump products, including mini-split, multi-split, and VRF systems. Samsung will take the lead with a 50.1% stake, while Lennox will hold the remaining 49.9%. The collaboration aims to introduce innovative HVAC products and leverage existing customer networks.