Abstract
The North American heating, ventilating, and air-conditioning (HVAC)
circulator pumps market generated revenues of $144.2 million in 2004 and is
expected to witness positive growth though the forecast period. The North
American HVAC circulator pumps market is highly competitive with very little
room to differentiate among competing products. In a mature and price
competitive circulator pump market, manufacturers are challenged to improve
production methods to minimize manufacturing costs in order to reduce price.
As a result of price competition and limited market demand, circulator pump
manufacturers are re-evaluating production procedures to become more
cost-efficient. To be competitive, circulator pump manufacturers have to
reduce overhead and production costs to a minimum in order to offer low
prices. Lean manufacturing is revolutionizing the circulator pump industry and
manufacturers are seeking competitive advantages by reducing production costs
and reflecting it in the price. The manufacturers can succeed in the market by
expanding their product offerings to provide different accessories along with
the pumps while reducing their overhead costs.
The North American heating, ventilating, and air-conditioning (HVAC)
circulator pumps continues to be highly mature, and consists of numerous
manufacturers, and has witnessed an increase in competitiveness among the
market participants. The market is likely to witness positive growth in
revenues through the forecast year periods, motivated by robust building
construction activity, which is expected to further increase through the same
period. This Frost & Sullivan research examines the North American HVAC
circulator pumps markets. The study addresses revenue forecasts for the total
North American market, which includes United States and Canada as well
provides detailed revenue forecasts by key end-user groups and by key
geographic regions in United States and Canada. It also discusses prevailing
market challenges, trends, and competitive issues.
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