Market Share of Canada HVAC Equipment Industry
The Canadian heating, ventilation, and air conditioning equipment market is highly fragmented, with key players like Daikin Industries Ltd, LG Electronics Inc., Nortek Air Solutions Llc, Rheem Manufacturing Company Inc., and Trane Technologies PLC, among others. Players in the market are adopting techniques such as collaborations and acquisitions to improve their product offerings and gain sustainable competitive advantage.
In September 2022, Trane Technologies, one of the global climate innovators, announced innovations to expand its electrified heating and cooling portfolio and upgrade two well-known rooftop units to enhance energy efficiency, building connectivity, and control. Trane introduced the latest Thermafit Air-to-Water Modular Heat Pump, Model AXM, that delivers flexible, all-electric heating and cooling. It also presented updates to its Voyager 3 and IntelliPak 2 rooftop units to improve indoor comfort and air quality in warehouses and comprehensive facilities.
In June 2022, Carrier Corporation introduced the redesigned Performance Series 17 two-stage air conditioner and the Performance Series 17 two-stage heat pump. These comply with the upcoming 2023 Department of Energy (DOE) minimum efficiency requirements.
Canada HVAC Equipment Market Leaders
Daikin Industries Ltd
LG Electronics
Noertek
Rheem Manufacturing
Trane Technologies PLC
*Disclaimer: Major Players sorted in no particular order
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