Energy Management Systems Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2020-2024

Energy Management Systems Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2020-2024

  • Published: Sep 2022
  • Pages: 120
  • SKU: IRCMSTR21601

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Energy Management Systems Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The energy management systems procurement category is projected to grow at a CAGR of 15.39% during 2020-2024. The prices are outlined to rise by 0.5%-2% during the forecast period and suppliers will have low bargaining power in this market. General Electric Co., Siemens AG, and Schneider Electric are a few of the key suppliers in the energy management systems market.

Energy Management Systems Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth AnalysisEnergy Management Systems Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

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Who are the Top Suppliers in the Energy Management Systems Market?

This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the energy management systems procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading energy management systems suppliers profiled extensively in this report include:

Top Suppliers in the Energy Management Systems Market

Furthermore, this energy management systems procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for energy management systems requirements. In addition, the most adopted and high potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.

What are the Most Suitable Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA that Buyers Should Consider?

The energy management systems procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for energy management systems requirements.

Energy Management Systems Market Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA

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What are the Most Adopted Procurement Strategies by Buyers Across Industries?

The report provides a detailed insight into the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings, while sourcing for energy management systems requirements.

What are the Major Pricing Models Adopted by Buyers in Energy Management Systems Market?

The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full energy management systems procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Energy Management Systems Procurement Pricing Model

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To optimize the value of the purchase, it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects an incremental spend of USD 46 billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through an analysis of the below factors:

  • Identify favorable opportunities in energy management systems TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

What will the Spend Growth and Demand be by Region?

The energy management systems market will register an incremental spend of about USD 46 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!

The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:

  • Factors driving the growth (or lack of it) in individual geographies
  • Regions that hold the most rewarding opportunities for buyers and suppliers
  • Spend growth and regional spend segmentation over the coming years

Energy Management Systems Procurement Spend Growth Analysis

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What are the Major Category Management Objectives for Energy Management Systems Sourcing?

A targeted strategic approach to energy management systems sourcing will provide several opportunities. However, in the absence of actionable intelligence on energy management systems, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as supply assurance, category innovations, and green initiatives, which will assist buyers in formulating a strategic procurement strategy

The report explains the following key category management objectives that should form the base for sourcing strategy.

Category Management Objectives for Energy Management Systems Sourcing

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In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.

Scope of Energy Management Systems

Report Specs

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Spend growth (CAGR)

15.39%

Incremental spend

USD 46 billion

Pricing growth outlook

0.5%-2%

Pricing models

Subscription-based pricing, Bundled pricing, and Customized pricing

Supplier selection scope

Cost of the overall energy management system, Implementation of assistance, training, and support, Suppliers ability to comply with industry standards, and Proof of concept

Supplier opportunities

Ad-hoc spend management, Level of automation, Quality management, Negotiate on pricing and contractual terms, Managing commodity price volatility, Conference participation, Vertical integration, Supplier synergies, and Reducing inventory shrinkage

Supplier selection criteria

Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Acceptance criteria, Evaluation criteria, Quality control, Change management procedures, Pricing models, Penalty clauses, and SLA nuances

Category management scope

Supply assurance, Category innovations, Green initiatives, Cost savings, Adherence to regulatory nuances, Scalability of inputs, Demand forecasting and governance, Reduction of TCO, Customer retention, Top-line growth, Supply base rationalization, and Minimalization of ad hoc purchases

Top suppliers

General Electric Co., Siemens AG, Schneider Electric, ABB, Eaton Corp. Plc, International Business Machines Corp., Cisco Systems, Inc., Honeywell International Inc., Emerson Electric Co., and Itron Inc.

Market dynamics

Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years.

Customization scope

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Energy Management Systems Procurement

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Category Pricing Insights

    Executive Summary

      Market Insights

        Cost-saving Opportunities

          Best Practices

            Category Pricing Insights

              Category Ecosystem

                Cost-saving Opportunities

                  Best Practices

                    Category Management Strategy

                      Category Ecosystem

                        Category Management Enablers

                          Suppliers Selection

                            Category Management Strategy

                              Category Management Enablers

                                Suppliers under Coverage

                                  Suppliers Selection

                                    US Market Insights

                                      Suppliers under Coverage

                                        Category scope

                                          Appendix

                                            US Market Insights

                                              Category scope

                                                Appendix

                                                  Research Framework

                                                  SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                                                  INFORMATION SOURCES

                                                  Primary sources

                                                  • Procurement heads
                                                  • Category managers
                                                  • Sourcing consortium professionals
                                                  • Industry experts and thought leaders
                                                  • Procurement managers
                                                  • Category heads of suppliers
                                                  • Client account heads/managers
                                                  • Client and industry consultants

                                                  Secondary sources

                                                  • Industry journals and reports
                                                  • Periodicals and new articles
                                                  • Category webinars
                                                  • Internal categiry playbooks
                                                  • Industry and government websites on regulations and compliance
                                                  • Internal databases
                                                  • Industry blogs/thought leader briefings

                                                  DATA ANALYSIS

                                                  Energy Management Systems Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2020-2024
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                                                  The energy management systems procurement market will grow at a CAGR of about 15.39% during 2020-2024.
                                                  During 2020-2024, the energy management systems procurement market will register an incremental spend of about $ 46 billion.
                                                  General Electric Co., Siemens AG, Schneider Electric, ABB, Eaton Corp. Plc, International Business Machines Corp., Cisco Systems, Inc., Honeywell International Inc., Emerson Electric Co., and Itron Inc. are some of the prominent suppliers in energy management systems market.
                                                  Subscription-based pricing, bundled pricing, and customized pricing are the widely adopted pricing models in energy management systems procurement.
                                                  During the forecast period, the price for energy management systems procurement will increase by 0.5%-2%.