Heat Pumps in Canada

Heat pumps in Canada exhibited robust growth in 2025, with a 19% increase in retail volume, driven by government incentives and rising demand for energy-efficient solutions. This growth is expected to continue, with a forecast CAGR of 13%, reaching 203,600 units by 2030. The market's attractiveness is underscored by its moderate concentration, with top brands like Daikin and Mitsubishi maintaining significant shares through innovative products and strong distribution channels.

This Heat Pumps in Canada report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2021-2025, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution issues. Forecasts to 2030 illustrate how the market is set to change.

Product coverage: Air to Water Heat Pumps, Ground Source Heat Pumps, Other Heat Pumps.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Heat Pumps market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.