Pump & Compressor Manufacturing in Canada - Industry Market Research Report

Pump & Compressor Manufacturing in Canada - Industry Market Research Report

Pump & Compressor Manufacturing in Canada

Products produced and sold by pump and compressor manufacturers are used in a wide range of downstream industries, but water management facilities, oil and gas operations and construction markets are the most crucial. Operations are also highly influenced by international trade, as imports represent a dire threat to domestic producers, while exports are a potential life line for many. Volatile conditions during the period resulted in declining revenue and weakening performance, though some managed to weather the storm. Over the past five years, revenue has been declining at a CAGR of 3.9% to $2.4 billion in 2023 when revenue is estimated to drop 6.0%.

This industry manufactures and sells pumps and air and gas compressors to various industrial markets. Some industry products are meant for general use while others are designed for application in specific markets, such as oil and gas services. This industry does not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.