Boiler Repair

Heating And Air Conditioning Industry In Canada Expects Higher Revenue Over A 5-Year Period

On top of everybody’s list must be the health of the boiler. It is extremely frustrating to experience a boiler breakdown during one of the coldest days of the year. There is no dearth for boiler repairs in Derby to ensure that the boiler runs efficiently and safely. You can expect to save more money by being diligent with boiler servicing because minor faults can be fixed immediately.

Canadian winters are long and biting that is why heating and furnace industry has high demand. With that being the case, it is surprising why there is no viable company in the market that can claim top spot in the industry. The heating industry is divided into small players with regional dominance where they come from.

In Canada, 95% of the population uses 5 categories of heating systems that include forced air furnace, electric baseboard heaters, heating stove, boiler with hot water and steam radiators, electric radiant heating and heat pumps.

In the forced air furnace sector, Energy Star is the market leader because of their underlying technology that allows them to build furnaces which when fuelled by gas uses 6% less energy. If the fuel used is oil, 9% less energy is consumed. It is not surprising why Energy Star is clearly the top consumer choice.

Heating, ventilation and air-conditioning (HVAC) installations account for 62.2% of the industry’s revenues in 2018. Decline in new construction activities in 2013 resulted in a shrink in revenue for the industry but it has recovered since then. Maintenance services are resistant to economic fluctuations and have remained to be a viable source of revenue.

Contractors in the heating and air-conditioning industry expects their revenue to increase during the five year period from 2018 to 2023 because of the stronger demand from the downstream market, the national standards for heating efficiency and the popular trend towards the reduction in energy use.

Rising prices in fuel have encouraged homeowners to work with boiler repairs in Derby to make sure that their boilers are safe and efficient. Homeowners also have the option to purchase or upgrade to more efficient models that will lower their energy usage over the long term.