The average expenditure per household on room air conditioners, portable humidifiers, and dehumidifiers in Canada is projected to increase steadily from 2024 through 2028. In 2023, the expenditure was CAD 51.16. From 2024 to 2028, the year-on-year increase varies from approximately 3.5% to 3.0%, reflecting consistent growth. The five-year compound annual growth rate (CAGR) is estimated at around 3.4%, indicating a modest yet steady upward trend.
Future trends to watch for include advancements in energy-efficient technologies influencing consumer preferences, potentially driving higher expenditures. Additionally, climate change impacts and increasing indoor air quality awareness may further boost demand, influencing these projections.
