Industrial Heat Exchangers Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

Industrial Heat Exchangers Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRCMSTR21148

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Industrial Heat Exchangers Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The industrial heat exchangers will grow at a CAGR of 5.46% during 2021-2025. Prices will increase by 3%-5% during the forecast period and suppliers will have moderate bargaining power in this market. Alfa Laval AB, Air Products And Chemicals Inc., SPX Corp., Doosan Heavy Industries & Construction Co. Ltd., Xylem Inc., Hamon Group, API Heat Transfer ThermaSys Corp., Atlas Copco Group, GEA Group AG, and Aggreko plc are among the prominent suppliers in industrial heat exchangers market.

Who are the Top Suppliers in the Industrial Heat Exchangers Market?

Browse table of contents & list of exhibits and sample illustrations on spend growth, pricing trends, etc.

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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as supplier synergies, negotiate on pricing and contractual terms, manage ad hoc spend, quality management, managing labor price volatility, level of automation, managing commodity price volatility, operations automation, and vertical integration. Collaborations with global suppliers will also help buyers in cost-saving and ensure high-quality procurement in the dynamic market.

This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their industrial heat exchangers requirements. Some of the leading industrial heat exchangers suppliers profiled extensively in this report include:

 

  • Alfa Laval AB
  • Air Products And Chemicals Inc.
  • SPX Corp.
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Xylem Inc.
  • Hamon Group
  • API Heat Transfer ThermaSys Corp.
  • Atlas Copco Group
  • GEA Group AG
  • Aggreko plc

 

Supplier Selection and Evaluation

Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in industrial heat exchangers.

This report evaluates suppliers based on heat transfer efficiency, incorporation of integrated solutions for decision support, warranties, and safety capability. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, regulatory mandates, quality control, pricing models, penalty clauses, SLA nuances, acceptance criteria, evaluation criteria, legal requirements, change management procedures, and working environment.

What are the Major Pricing Trends in Industrial Heat Exchangers Procurement?

The pressure from substitutes and a high level of threat from new entrants have resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for industrial heat exchangers with the wider industry and identify the cost-saving potential.

Volume-based pricing model and cost-plus pricing model are the most widely adopted pricing models in industrial heat exchangers. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the 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 a change of 3%-5%.

  • Identify favorable opportunities in industrial heat exchangers 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

Will there be an Increase in the Spend Growth for Industrial Heat Exchangers Procurement?

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

Spend Growth and Demand Segmentation

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The industrial heat exchangers market will register an incremental spend of about $ 4.87 billion during the forecast period. Only a few regions will drive the majority of this growth. On the supply side, North America, South America, Europe, Middle East and Africa, and APAC will have the maximum influence owing to the supplier base.

The drivers and inhibitors that influence these global and regional outlooks are also elaborated in detail. 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
  • Is the spend growth cyclical and when will the growth curve peak?

What are the Major Category Management Objectives for Industrial Heat Exchangers Sourcing?

A targeted strategic approach to industrial heat exchangers sourcing will provide several opportunities to buyers. However, in the absence of actionable intelligence on industrial heat exchangers, buyers have resulted in a transaction-based approach towards the category. The buyers have moderate bargaining power in this market and a holistic category management approach will help buyers maximize the value on their industrial heat exchangers procurement.

The report explains key category management objectives that should form the base for sourcing strategy, including:

 

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

 

In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report will also help create the necessary support structure to facilitate implementation. This report provides in-depth inputs on streamlining category management practices and provides detailed answers on:

  • The strategic sourcing objectives, activities, and enablers for the industrial heat exchangers category
  • Industrial heat exchangers procurement best practices to promote in my supply chain

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Executive Summary

    Market Insights

      Category Pricing Insights

        Cost-saving Opportunities

          Best Practices

            Category Ecosystem

              Category Management Strategy

                Category Management Enablers

                  Suppliers Selection

                    Suppliers under Coverage

                      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

                            Industrial Heat Exchangers Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025
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                            The industrial heat exchangers procurement market will grow at a CAGR of about 5.46% during 2021-2025.
                            During 2021-2025, the industrial heat exchangers procurement market will register an incremental spend of about 4.87 $ billion.
                            Alfa Laval AB, Air Products And Chemicals Inc., SPX Corp., Doosan Heavy Industries & Construction Co. Ltd., Xylem Inc., Hamon Group, API Heat Transfer ThermaSys Corp., Atlas Copco Group, GEA Group AG, and Aggreko plc are some of the prominent suppliers in industrial heat exchangers market.
                            Volume-based pricing model and cost-plus pricing model are the widely adopted pricing models in industrial heat exchangers procurement.
                            During the forecast period, the price for industrial heat exchangers procurement will increase by 3%-5%.