The data above is sourced from the Canadian Heat Pump Association.
The data above shows the heat pump sales in Canada over the past two decades. Since 2000, heat pump sales have increased by nearly 6 times, from $65 million to $1.05 billion in 2020. This is an impressive increase of nearly 15.4% each year. Between 2007 and 2020, the market has grown by an average of 11.2% each year, with the highest growth seen in 2017 at 17.7%. The highest sales were in Ontario, Quebec, British Columbia, Alberta, and Manitoba, with Ontario having the highest sales, followed by Quebec and British Columbia. Overall, heat pump sales have been steadily increasing since 2000, and the trend is likely to continue in the future.