The import of air conditioners with reverse cycle refrigeration to Canada is poised to increase from 2024 through 2028. Starting at USD 84.175 million in 2024, it is forecast to grow to USD 87.72 million by 2028, demonstrating a consistent upward trend. In 2023, the value stood at USD 83.308 million.
The year-on-year variations indicate a steady annual growth trajectory: 1.10% from 2024 to 2025, 1.05% from 2025 to 2026, 1.02% from 2026 to 2027, and 0.98% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately 1.05%.
Future trends to watch for include technological advancements in energy efficiency, changes in regulatory policies concerning environmental impacts, and shifts in consumer preferences toward sustainable and smart air conditioning systems. Additionally, global supply chain dynamics and economic factors may also influence future import values and volumes.
