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Heating & Air-Conditioning Equipment Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON33341CA

Heating & Air-Conditioning Equipment Manufacturing in Ontario industry analysis

Revenue for the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario is expected to grow an annualized x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Heating & Air-Conditioning Equipment Manufacturing in Ontario Market Research Report

What’s Included in the Heating & Air-Conditioning Equipment Manufacturing in Ontario Market Research Report

Definition of the Heating & Air-Conditioning Equipment Manufacturing in Ontario?

The Heating and Air-Conditioning Equipment Manufacturing industry in Canada manufactures heating equipment, commercial refrigeration equipment, air conditioners, commercial and industrial fans, blowers, air purification equipment and electric and nonelectric heating and refrigeration equipment. Marine and motor vehicle systems are excluded, as are industrial process furnaces and small household appliances.

What’s included in the Heating & Air-Conditioning Equipment Manufacturing in Ontario?

The Heating & Air-Conditioning Equipment Manufacturing in Ontario includes manufacturing air-conditioning, warm-air heating and refrigeration equipment, manufacturing heating equipment, except warm-air furnaces, manufacturing commercial and industrial fans and blowers and manufacturing air purification equipment. Related terms covered in the Heating & Air-Conditioning Equipment Manufacturing in Ontario industry report includes a common type of refrigerant used in air-conditioning systems that is being phased out because it contributes to depleting the ozone layer; usually abbreviated as cfcs, a type of cfc, known in the industry as hcfc-22, that is considered more environmentally friendly but is still being phased out, a chemical compound or coolant used to achieve low temperatures in air-conditioning and refrigeration equipment and an abbreviation for heating, ventilation, air-conditioning and refrigeration equipment.

Industry Performance of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario

Benchmark the Heating & Air-Conditioning Equipment Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Heating & Air-Conditioning Equipment Manufacturing in Ontario

#1 in Highest Revenue 45.8% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heating & Air-Conditioning Equipment Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, value of residential construction, value of nonresidential construction and demand from heating and air-conditioning contractors are impacting Heating & Air-Conditioning Equipment Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Value of residential construction
Value of nonresidential construction
Demand from heating and air-conditioning contractors

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Heating & Air-Conditioning Equipment Manufacturing in Ontario, such as Toronto, Hamilton and Ottawa - Gatineau. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario in 2025?

The market size of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario is $3.5bn in 2025.

How many businesses are there in the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario in 2025?

There are 342 businesses in the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario, which has been declining at an average annual rate of -0.5% from 2020 to 2025.

Has the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario has been growing at an average annual rate of 2.0% from 2020 to 2025.

How many employees in the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario in 2025?

There are 11,451 employees in the Heating & Air-Conditioning Equipment Manufacturing industry in Ontario, which has been growing at an average annual rate of 3.1% from 2020 to 2025.