LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their 'HVAC Equipment Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the facility management industry. This report breaks down the data and analysis behind the procurement of HVAC equipment and acts as an all-inclusive guide for making smart purchasing decisions.
"The HVAC equipment is expected to grow due to the growing demand from commercial, residential, and industrial sectors," says SpendEdge procurement analyst Suraj Kumar S. "These sectors include manufacturing, retail, finance, technology, life sciences and healthcare, media and telecommunications, and so on," added Suraj.
Key Report Features
|Supply Market Insights||Negotiation Strategies|
|Procurement Best Practices||Category Risk Analysis|
|Cost Saving Opportunities||Key Supplier Analysis|
|Pricing Models||Supplier Capability Matrix|
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- With growing consumer spending on luxury goods and services, there is an increase in consumer expectation to achieve advanced and sustainable HVAC systems. This requires continuous innovation of new technologies to reach the growing expectations concerning efficiency, comfort, cost, health, and safety.
- Purchasing managers must collaborate with suppliers that can adopt new technologies that provide cost-saving opportunity, high comfort, and increase the efficiency of the equipment. Furthermore, using technologies such as smart control and sensors can help purchasing managers increase the efficiency and lifetime of the product.
- Suppliers in this market sometimes neglect safety measures regarding combustion which turns out to be a major challenge for purchasing managers. When suppliers receive an alarm regarding carbon monoxide (CO), they must check the furnace and cracks in heat exchange. However, if the heat exchanger is in good condition, suppliers assume it as a false alarm and may change the batteries in CO alarm.
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HVAC Equipment Pricing Trends
The competition-based and demand-based pricing are most widely adopted pricing model in the global HVAC equipment market. Competition-based pricing model facilitates purchasing managers to select suppliers that can provide products at best possible price. Moreover, according to this pricing model suppliers offer a price that is comparatively lower than their competitors to increase the market share.
Demand-based pricing facilitates purchasing managers to avail products at lesser pricing when the demand is low for the products in the market. Furthermore, they can avail high-quality products at best prices.
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