PRESS RELEASE

Procurement Market Analysis and Identification of Cost Categories of Molten Salt Tanks Through Cost Modeling

Jun 27, 2017

SpendEdge’s recent cost modeling study on molten salt tanks helps suppliers identify the potential cost saving opportunities and assess the cost impact of individual components to improve profit margins in the renewable energy sector.

Growth of the thermal storage sector

The reliability, scalability, and cost-effectiveness of molten salt tanks are propelling the use of thermal storage for storing solar power at an industrial level. The increasing awareness about the depleting energy resources and use of advanced technologies to promote the use of renewable energy is attributed to the demand for molten salt tanks. The initiatives undertaken by various countries across the globe are resulting in the integration of renewable energy sources with main power grid systems. The vendors are trying to venture into such expansion projects to increase their market share and boost their sales revenues. APAC is the fastest growing region with such initiatives and suppliers are focusing on expanding their businesses in this region. The growing focus on advanced testing and commercialization of these storage tanks will help suppliers to access the demand-supply trends and deliver products that meet the end-user requirements.

The latest cost modeling study by SpendEdge offers an in-depth understanding of the pricing models, supplier market landscape, and key market drivers of molten salt tanks. The study also delivers the identification of key data points, including market prices of raw materials, cost elements and structure, process innovations, and industry best practices. Suppliers in the market are focusing on delivering products that match regulatory compliances associated with energy services and develop cost-effective solutions that meet the ever-surging requirement for clean energy.

Increasing JVs and M&As

The demand for alternative energy sources and increasing requirement for sustainable development is encouraging corporate houses to enter joint ventures and mergers and acquisitions. These are capital intensive deals that support the installations of renewable energy systems which maintain electricity grids. Leading corporate houses like Google, Apple, Microsoft, and Facebook are forming strategic alliances to source renewable energy and promote sustainability creatively. Various vendors are taking advantage of these opportunities to expand their market shares.

Solutions SpendEdge offer to businesses

The latest procurement market intelligence study by SpendEdge offers a holistic overview of the growth drivers and the latest trends in the molten salt tank market. Some of the solutions are listed below:

  • Offer a deep-dive assessment of each of the cost components and drivers to be included in the cost model and impact of labor cost specific to the location
  • Provide insights into the suppliers’ evaluation and selection criteria, suppliers’ operational and functional capabilities, pricing models, and best-in-class procurement practices.
  • Develop a robust cost model based on direct and indirect cost categories
  • Identify key cost drivers to assist the client with consistent cost reduction and increase profitability and stakeholder returns

Read our complete case study titled – Cost Modeling Helps a Leading Molten Salt Tank Manufacturer Identify Potential Cost Saving Opportunities

 Capture

Other case studies you might be interested in:

For any queries, reach us at – hello@spendedge.com

Recent Press Releases & Media Mentions

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars