Global Industrial Valves Market - Procurement Intelligence Report

Introduction

In the industrial valves category, the category managers are shifting towards tailored sourcing models in their procurement process. The buyers prefer to engage with the suppliers who can offer industrial valves based on operational parameters. The parameters include voltage, valve co-efficiency, and type of flow. Such suppliers can help the buyers ensure maximum compatibility with existing legacy equipment. This procurement report also offers detailed insights into the supply landscape and the major regulatory frameworks to help buyers achieve cost savings.

Why should you buy the report?

The industrial valves procurement category offers a comprehensive analysis of the key category growth drivers, and the procurement pain points to help the buyers identify cost-saving opportunities. In this procurement report, the category spend is analyzed-both from the buyers' and the suppliers' perspective. The procurement insights offered in this report will help the buyers:

• Understand the spend potential within the industrial valves market
• Understand the procurement best practices
• Analyze the major regulatory frameworks
• Understand the current market developments
• Identify the strategic sustainability practices

Understand the global category spend        

The industrial valves category is anticipated to witness an increase in the global category spend until 2022. Key market developments, such as the increasing adoption of smart valves and growing adoption of 3D printing for manufacturing complex valves will boost the category spend over the next couple of years. According to this procurement report, APAC and Europe are the regions which will contribute to a majority of the global market share. It also offers a coverage of:

• Global spend on industrial valves for the period of 2017-2022
• Current technological innovations
• Global and regional demand-supply shifts
• Cost-saving opportunities

Optimize category spend

The industrial valves category will witness a promising growth, owing to the increasing demand for applications among the end-user industries. At present, oil and gas and wastewater management are the industries that will drive the category spend over the years. This procurement report, which is a part of SpendEdge's facility management services, states that the rise in offshore oil projects and stringent regulations will influence the growth of the market. This procurement report also provides detailed information on:

• The current technological innovations
• Current market developments
• Category spend analysis
• The impact of regional trends

Understand the supply landscape

In the industrial valves market, global suppliers have higher profit margins due to economies of scale and high implementation of automation. As a result, the buyers in the industry should leverage profit margins of global suppliers. This helps the buyers ensure price discounts during the procurement process. Additional insights offered in procurement report include:

• Supplier operational capability
• Supplier positioning
• Prominent suppliers by regions

Build effective category management strategies

The buyers of industrial valves prefer suppliers who are efficient in the integration of valves. Such suppliers can help the buyers ensure technical competence for manufacturing and installation of the most advanced valves. As a result, the buyers in the category can reduce TCO of industrial valves. This procurement report also offers adequate insights on:

• Category negotiation strategies
• Category requirements
• Supplier selection

An analysis of the top five suppliers and their core capabilities is also offered in this procurement report on the industrial valves category.