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Boiler & Heat Exchanger Manufacturing in Manitoba

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS MB33241CA

Boiler & Heat Exchanger Manufacturing in Manitoba industry analysis

Revenue for the Boiler & Heat Exchanger Manufacturing industry in Manitoba is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x% to xx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Boiler & Heat Exchanger Manufacturing in Manitoba Market Research Report

What’s Included in the Boiler & Heat Exchanger Manufacturing in Manitoba Market Research Report

Definition of the Boiler & Heat Exchanger Manufacturing in Manitoba?

This industry manufactures boilers and heat exchangers. In addition to their manufacturing activities, companies also provide installation services for their products. These products include boilers, which are closed vessels where fluid is heated; heat exchangers, which enables thermal energy to be transferred between fluids while keeping them separate; and radiators, which are simpler forms of heat exchangers.

What’s included in the Boiler & Heat Exchanger Manufacturing in Manitoba?

The Boiler & Heat Exchanger Manufacturing in Manitoba includes manufacturing heat exchangers and steam condensers, manufacturing boilers, manufacturing nuclear reactor steam supply systems, manufacturing aftercoolers, manufacturing economizers and installing industry products. Related terms covered in the Boiler & Heat Exchanger Manufacturing in Manitoba industry report includes heating, ventilating and air-conditioning systems used to maintain air quality through ventilation and filtration, a closed vessel in which water or other fluids are heated and equipment built for efficient heat transfer from one medium to another. the media may be separated to prevent mixing or they may be in direct contact.

Industry Performance of the Boiler & Heat Exchanger Manufacturing industry in Manitoba

Benchmark the Boiler & Heat Exchanger Manufacturing in Manitoba industry performance with all MB Census Metropolitan Area and national performance.

Boiler & Heat Exchanger Manufacturing in Manitoba

#6 in Highest Revenue 1.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Boiler & Heat Exchanger Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Boiler & Heat Exchanger Manufacturing industry in Manitoba

See how key industry drivers, such as median houshold income, per capita disposable income, gross domestic product, industrial capacity utilization, value of nonresidential construction and value of residential construction are impacting Boiler & Heat Exchanger Manufacturing in Manitoba

Manitoba Economic Indicators

Median Houshold Income
Per Capita Disposable Income
Gross Domestic Product

View more economic information in MB State Economic profile

Canada Key External Drivers

Industrial capacity utilization
Value of nonresidential construction
Value of residential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Boiler & Heat Exchanger Manufacturing industry in Manitoba

Access proprietary data on Census Metropolitan Area in the Boiler & Heat Exchanger Manufacturing in Manitoba, such as Winnipeg. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Boiler & Heat Exchanger Manufacturing industry in Manitoba

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Boiler & Heat Exchanger Manufacturing industry in Manitoba in 2025?

The market size of the Boiler & Heat Exchanger Manufacturing industry in Manitoba is $16.2m in 2025.

How many businesses are there in the Boiler & Heat Exchanger Manufacturing industry in Manitoba in 2025?

There are 1 businesses in the Boiler & Heat Exchanger Manufacturing industry in Manitoba, which has been declining at an average annual rate of -12.9% from 2020 to 2025.

Has the Boiler & Heat Exchanger Manufacturing industry in Manitoba grown or declined over the past 5 years?

The market size of the Boiler & Heat Exchanger Manufacturing industry in Manitoba has been declining at an average annual rate of -15.8% from 2020 to 2025.

How many employees in the Boiler & Heat Exchanger Manufacturing industry in Manitoba in 2025?

There are 44 employees in the Boiler & Heat Exchanger Manufacturing industry in Manitoba, which has been growing at an average annual rate of 1.4% from 2020 to 2025.