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Industrial Boilers Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The industrial boilers procurement category is projected to grow at a CAGR of 4.66% during 2022-2026. The prices are outlined to rise by 2%-5% during the forecast period and suppliers will have moderate bargaining power in this market. Robert Bosch GmbH, Siemens AG, and General Electric Co. are a few of the key suppliers in the industrial boilers market.
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Who are the Top Suppliers in the Industrial Boilers Market?
This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the industrial boilers procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading industrial boilers suppliers profiled extensively in this report include:
Furthermore, this industrial boilers procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for industrial boilers 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 industrial boilers 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 industrial boilers requirements.
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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 industrial boilers requirements.
What are the Major Pricing Models Adopted by Buyers in Industrial Boilers 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 industrial boilers procurement market report now to get comprehensive details on pricing models
Price Strategies and Benchmark
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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 3.03 $ 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 industrial boiler's 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 industrial boilers market will register an incremental spend of about 3.03 $ 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
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What are the Major Category Management Objectives for Industrial Boilers Sourcing?
A targeted strategic approach to industrial boilers sourcing will provide several opportunities. However, in the absence of actionable intelligence on industrial boilers, 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 cost savings, customer retention, and reduction of tco, which will assist buyers to formulate a strategic procurement strategy
The report explains the following key category management objectives that should form the base for sourcing strategy.
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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.
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Scope of Industrial Boilers |
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Report Specs |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Spend growth (CAGR) |
4.66% |
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Incremental spend |
3.03 $ billion |
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Pricing growth outlook |
2%-5% |
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Pricing models |
Cost-plus pricing model and Leasing pricing model |
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Supplier selection scope |
Availability of spares and maintenance support, Flexible payment options, Availability of documented manufacturing process and quality control systems, and Extensive service networks |
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Supplier opportunities |
Supplier synergies, Reducing total ownership cost, Reduction in ad-hoc spend, Reducing inventory shrinkage, Level of automation, Quality management, Negotiate on pricing and contractual terms, Ad-hoc spend management, and Cost of quality impact |
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Supplier selection criteria |
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 |
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Category management scope |
Cost savings, Customer retention, Reduction of TCO, Supply assurance, Green initiatives, Scalability of inputs, Supply base rationalization, Category innovations, Minimalization of ad hoc purchases, Demand forecasting and governance, Top-line growth, and Adherence to regulatory nuances |
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Top suppliers |
Robert Bosch GmbH, Siemens AG, General Electric Co., Mitsubishi Heavy Industries Group, Babcock & Wilcox Enterprises Inc., IHI Corp., Cheema Boilers Ltd., Forbes Marshall, Dongfang Electric Corp., and Atlanta Boiler & Mechanical |
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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. |
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Customization scope |
We can create customized sourcing/procurement reports with specific requirements for your business. |
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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 Management Enablers
Category Ecosystem
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
