COMPETITIVE LANDSCAPE
Daikin Comfort Technologies strengthens leadership of fragmented landscape
The competitive landscape of heat pumps in Canada is fairly fragmented, and dominated by smaller players under “others”. Nevertheless, in 2025, Daikin Comfort Technologies Canada ULC strengthened its overall lead with a 12% retail volume share, followed by BSH Home Appliances Ltd and Mitsubishi Electric Sales Canada Inc, both with 8% share.
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Overview:
Understand the latest market trends and future growth opportunities for the Heat Pumps industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Heat Pumps industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Heat Pumps in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Heat Pumps in Canada?
- Which are the leading brands in Canada?
- How are products distributed in Canada?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Heat Pumps in Canada - Category analysis
KEY DATA FINDINGS
Surging growth driven by incentives and efficiency
Double-digit growth for heat pumps driven by policy incentives
Air to water heat pumps dominate demand
Innovative products cater to Canadian climate needs
Policy incentives and energy efficiency drive growth
Air to water heat pumps to remain dominant
Daikin Comfort Technologies strengthens leadership of fragmented landscape
Contractors drive heat pump sales through builder merchants
Smart features and focus on local climate drive innovation
Innovation drives business growth and sustainability
Consumer Appliances in Canada - Industry Overview
Smart and sustainable innovations drive value amidst volume decline
Manufacturers prioritise sustainability and smart technology
Dynamic performance by heat pumps, supported by government incentives
Smart technology and AI integration enhance appliance value
Smart solutions and sustainability to drive future development
Canadian consumers drive demand for multifunctional appliances
Heat pumps set to remain most dynamic performer
Top brands maintain lead through broad offerings and smart technology
Home products specialists lead major appliance sales
E-commerce gains traction in small appliances
Health and wellness trends drive appliance innovation
LG WashCombo drives laundry convenience with all-in-one design
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Heat Pumps
- Air to Water Heat Pumps
- Ground Source Heat Pumps
- Other Heat Pumps
Heat Pumps
Includes Air to Water Heat Pumps, Ground Source Heat Pumps and Other Heat Pumps.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Heat Pumps research and analysis database.
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