Transformers Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026

Transformers Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 150
  • SKU: IRCMSTR21666

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Transformers Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The transformers procurement category is projected to grow at a CAGR of 7.47% during 2022-2026. The prices are outlined to rise by 7%-10% during the forecast period and suppliers will have low bargaining power in this market. Hyundai Electric and Energy Systems Co. Ltd., Toshiba Corp., and Mitsubishi Electric Corp. are a few of the key suppliers in the transformers market.

Transformers Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth AnalysisTransformers Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

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Who are the Top Suppliers in the Transformers Market?

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

Top Suppliers in the Transformers Market

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

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

The transformers 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 transformers requirements.

Transformers 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 transformers requirements.

What are the Major Pricing Models Adopted by Buyers in Transformers 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 transformers procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Transformers Procurement Pricing Model

Request for a FREE sample to access the latest price forecasts, market drivers, and TCO reduction opportunities for the transformer's market

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 25.93 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 transformer'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 transformers market will register an incremental spend of about USD 25.93 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

Transformers Procurement Spend Growth Analysis

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What are the Major Category Management Objectives for Transformers Sourcing?

A targeted strategic approach to transformers sourcing will provide several opportunities. However, in the absence of actionable intelligence on transformers, 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 to formulate 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 Transformers Sourcing

To explore the extent of influence of category management objectives that can improve the efficiencies of the retailers, Request for a FREE Sample Report!

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 Transformers

Report Specs

Details

Page number

150

Base year

2021

Forecast period

2022-2026

Spend growth (CAGR)

7.47%

Incremental spend

USD 25.93 billion

Pricing growth outlook

7%-10%

Pricing models

Unit-based pricing model, Cost-plus pricing model, and Leasing pricing model

Supplier selection scope

TCO of transformers, Certifications, Compatibility with existing infrastructure, and TAT for delivery of product

Supplier opportunities

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

Supplier selection criteria

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

Category management scope

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

Top suppliers

Hyundai Electric and Energy Systems Co. Ltd., Toshiba Corp., Mitsubishi Electric Corp., Hitachi Ltd., Siemens AG, ABB Ltd., JiangSu HuaPeng Transformer Co. Ltd., Bharat Heavy Electricals Ltd., CG Power, and Industrial Solutions Ltd., and MPS Industries 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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Transformers Procurement

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Executive Summary

  • Executive Summary

    Market Insights

    • Global category spend
      • Spend segmentation by region
        • Regional spend dynamics
          • Regional influence on global spend
            • Regional spend opportunity for suppliers

              Category Pricing Insights

              • Pricing
                • Discounts on Prices
                  • Pricing outlook
                    • Supplier cost structure
                      • Overview of pricing models
                        • Comparison of pricing models
                          • Supply chain margins
                            • Cost and Volume drivers: Impact on pricing

                              Cost-saving Opportunities

                              • Cost-saving levers
                                • Quantifying cost-saving opportunities
                                  • Quantifying cost savings by negotiation strategies
                                    • Tactical cost saving levers
                                      • Strategic cost saving levers

                                        Best Practices

                                        • Innovation and success stories
                                          • Procurement excellence best practices
                                            • Procurement best practices
                                              • Sustainability practices

                                                Category Ecosystem

                                                • Market favorability index for suppliers
                                                  • Threat of rivalry
                                                    • Buyer power
                                                      • Supplier power
                                                        • Threat of new entrants
                                                          • Threat of substitutes
                                                            • Buyer ecosystem
                                                              • Supplier ecosystem
                                                                • Ecosystem disruption threats

                                                                  Category Management Strategy

                                                                  • Strategy objectives
                                                                    • Supplier and buyer KPI's
                                                                      • Outsourcing category management activities
                                                                        • Outsourcing category management activities
                                                                          • Risk management
                                                                            • Risk management

                                                                              Category Management Enablers

                                                                              • Procurement organization
                                                                                • Category enablers

                                                                                  Suppliers Selection

                                                                                  • RFx essentials
                                                                                    • Supplier selection criteria
                                                                                      • Service level agreement
                                                                                        • Incumbent supplier evaluation metrics

                                                                                          Suppliers under Coverage

                                                                                          • Suppliers covered
                                                                                            • Market positioning of suppliers
                                                                                              • Market positioning of suppliers
                                                                                                • Hyundai Electric and Energy Systems Co. Ltd.
                                                                                                  • Toshiba Corp.
                                                                                                    • Mitsubishi Electric Corp.
                                                                                                      • Hitachi Ltd.
                                                                                                        • Siemens AG
                                                                                                          • ABB Ltd.
                                                                                                            • JiangSu HuaPeng Transformer Co. Ltd.
                                                                                                              • Bharat Heavy Electricals Ltd.
                                                                                                                • CG Power and Industrial Solutions Ltd.
                                                                                                                  • MPS Industries Inc.

                                                                                                                    US Market Insights

                                                                                                                    • Category spend in the US
                                                                                                                      • Pricing outlook in the US
                                                                                                                        • Category margins
                                                                                                                          • Category cost drivers
                                                                                                                            • Category volume drivers
                                                                                                                              • Overview of best practices in the US
                                                                                                                                • US supply market overview
                                                                                                                                  • Market positioning of suppliers
                                                                                                                                    • Market positioning of suppliers
                                                                                                                                      • Regional category risks
                                                                                                                                        • Regional category risks

                                                                                                                                          Category Scope

                                                                                                                                          • Category scope

                                                                                                                                            Appendix

                                                                                                                                            • List of abbreviations
                                                                                                                                              • Key notes

                                                                                                                                                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

                                                                                                                                                Transformers Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026
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                                                                                                                                                The transformers procurement market will grow at a CAGR of about 6.96% during 2020-2024.
                                                                                                                                                During 2020-2024, the transformers procurement market will register an incremental spend of about 16.
                                                                                                                                                Hyundai Electric and Energy Systems Co. Ltd., Toshiba Corp., Mitsubishi Electric Corp., Hitachi Ltd., Siemens AG, ABB Ltd., JiangSu HuaPeng Transformer Co. Ltd., Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., and MPS Industries Inc. are some of the prominent suppliers in transformers market.
                                                                                                                                                Unit-based pricing, cost-plus pricing, and leasing are the widely adopted pricing models in transformers procurement.
                                                                                                                                                During the forecast period, the price for transformers procurement will increase by 3%-5%.