Though the energy industry is a dynamic area with a promising future, technological advances, increasing operational expenses, and the need to develop sustainable energy solutions pose a major challenge to energy industry players. Moreover, the emergence of alternate energy sources also creates the need to procure new equipment. By leveraging our expertise in procurement market intelligence, we provide granular market and category specific insights that will help players in the energy industry identify new markets and expand their business across geographies. We also offer sourcing and procurement intelligence solutions which will help energy industry companies recognize savings while focusing on their core-business operations.
Categories we Cover
Energy Sectors We Serve
Power Generation, Transmission, and Distribution
From the increasing demand for power generation and the need to renew and expand the power transmission and distribution units to complying to regulatory changes that will demand investments towards procuring pollution control equipment, the power generation sector is faced with several long- and short-term challenges that create the need to adopt sourcing strategies that will reduce operational expenditures and help achieve improved cost savings. By providing highly customized sourcing and procurement market intelligence strategies, we help clients track saving compliance, reduce time to value on investments, and also maximize your return on material and service investments.
Oil and Gas and Oil Field Services
Since players in the oil field services sector depend heavily on the oil and gas companies for growth, the current decreasing prices that led to the slowdown in drilling activities have a significant impact on their revenue shares. Though the identification of new oil reserves offers new market opportunities, the uncertainty in prices of new technologies and the associated supplier risks pose a major challenge. With an in-depth understanding of the factors for supply disruptions and the geopolitical risks involved, our procurement market intelligence solutions help clients identify suppliers across various regions and also improve their visibility across the supply chain.
Nuclear and Renewable Energy
With stringent regulations that curb pollution demand the adoption of alternate energy sources, the renewable energy sector has huge growth opportunities. However, the need to connect renewable energy sources with existing grids and construct new plants especially off-shore to meet the increasing demand, pose a major challenge to sourcing specialists. By analyzing data from multiple sources, our procurement market intelligence experts provide actionable insights that will help clients identify and realize the impact of price fluctuations and also identify alternate suppliers for various business units.