Battery Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2023-2027

Procurement of battery is an attractive category for procurement managers to realize cost-saving and achieve strategic procurement objectives. Buyers can unlock multiple opportunities with the use of actionable category intelligence such as pricing outlook, cost-saving and negotiation levers, supplier intelligence, and overall category management strategy. 

This battery procurement intelligence report is a one-stop purchasing guide that places strategic sourcing inputs in the hands of battery buyers. This SpendEdge procurement report helps you minimize your cost of battery procurement and become a trusted advisor to your internal stakeholders on the category. 

Global Battery Pricing Insights

Pricing insights presented in this report cover pricing benchmarks and the trends and strategies that can help optimize cost savings. Request for a FREE sample to access the definite purchasing guide on the battery that answers all your key questions on price trends and analysis:

• Am I paying/getting the right prices? Is my total cost of ownership favorable?
• How is the price forecast expected to change? What is driving the current and future price changes?
• Which pricing models offer the most rewarding opportunities?

Suppliers in the battery market have bargaining power owing to pressure from substitutes and a level of threat from new entrants. Buyers have the opportunity to benchmark their preferred pricing models for battery with the wider industry and identify the cost-saving potential. 

For example, unit-based pricing model, cost-plus pricing model, and performance-based pricing model are the most widely adopted pricing models in the battery. Each pricing model offers optimum benefits and fitment in specific situations. Buyers are advised to identify the model that suits their operations in the best manner and link supplier performance to the pricing models.

Additionally, it is crucial to keep a track of current and future battery price trends to completely optimize the value of the purchase, both from current cash outflow as well as overall cost and benefit perspective. The learning and development report expects a change of 3%-5% during the forecast period. Price forecasts are very helpful in purchase planning, especially when supplemented by constant monitoring of price influencing factors described in the report.

Global Battery Supplier Landscape

This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their battery requirements. Request for a FREE sample for a complete understanding of battery supplier landscape:

• Am I engaging with right suppliers?
• Which KPIs should I use to evaluate my incumbent suppliers?
• Which supplier selection criteria are relevant for battery?
• What are the battery category essentials in terms of SLAs and RFx?

Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as top-line growth, scalability of inputs, green initiatives, category innovations, supply base rationalization, demand forecasting and governance, and minimalization of ad hoc purchases. By collaborating with global suppliers, buyers can easily implement cost-saving and assure themselves of high-quality procurement of battery during diverse situations.

Some of the leading suppliers profiled extensively in this report include:

• SPX Corp.
• EVAPCO Inc.
• Baltimore Aircoil Co.
• Paharpur Cooling Towers Ltd.
• Babcock & Wilcox Enterprises Inc.
• ENEXIO Management GmbH
• Midwest Cooling Towers
• Seagull Cooling Tower Co. Ltd.
• ADS Alliance Data Systems Inc.
• Clutch Holdings LLC

experience, project management capabilities, assembling capabilities, and support and maintenance are some of the most critical parameters that buyers use to shortlist the suppliers in battery. All shortlisted suppliers must be carefully evaluated and scrutinized against the business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, sla nuances, acceptance criteria, and evaluation criteria and several other selection criteria described in detail by this report.

Global Battery Category Management Strategies

This report is your one-stop guide to streamline your battery category management practices. Request for a FREE sample for detailed answers on:

• What should be my strategic procurement objectives, activities and enablers for battery category?
• Which negotiation levers can I pull for cost-saving?
• What are battery procurement best practices I should be promoting in my supply chain?

A targeted strategic approach to battery procurement can unlock several opportunities for buyers such as Consolidating spend, Leveraging supply market competition, Reducing total life cycle cost, and Rationalization of supply base. Category management strategy plans need to be holistic and aimed at maximizing the value obtained from their battery procurement. The report explains key category management objectives that should form the base for procurement strategy, including:

• Top-line growth
• Scalability of inputs
• Green initiatives
• Category innovations
• Supply base rationalization
• Demand forecasting and governance
• Minimalization of ad hoc purchases

While it is important to identify the strategic goals and initiatives for the category management, they may provide only limited results when necessary support is not available. The report identifies multiple enablers that can help maximize the efficiency of battery category management. Some examples of these enablers are provided below:

• S2P automation
• E-auctions
• Purchase requisition platforms
• E-catalogs
• Demand and forecast management platforms
• Supplier information management systems
• E-invoicing
• E-sourcing

Global Battery Spend Growth Analysis

The drivers and inhibiters that influence these global and regional outlooks are also elaborated in detail. Request for a FREE sample to access our in-depth growth decomposition analysis:

• Is this growth cyclical?
• When will the growth curve peak?
• What is driving the growth (or lack of it) in individual geographies?
• Which geographies hold the most rewarding opportunities for buyers and suppliers?

The report provides a complete drill-down on battery spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC. 

The battery will register an incremental spend of about 10, growing at a CAGR of 4.79% during the five-year forecast period. Only a handful of regions will drive majority of this growth. On the supply side, North America, region_influence.2, and region_influence.3 will have the maximum influence owing to supplier base.