London, Jan 30, 2018: Generators are useful in a variety of industries such as construction, manufacturing, and hospitality to meet the power requirements. The growth of these industries along with the growing need for consistent and reliable power is expected to drive the demand for generators globally. Factors such as the -rise in global population and increase in net disposable income of people worldwide attribute to the growth of these industries.
SpendEdge’s latest procurement research report on the global generators market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the heavy industry, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Large-scale, frequent long-lasting power disruptions result in enhanced consumer awareness regarding the need for backup generators and has historically influenced the sale of generators. The increasing instances of global power failures over the past 3-5 years is driving the demand in the global generators market.” – Tridib Bora, heavy industry procurement research specialist at SpendEdge.
For residential and low-value commercial generators, the availability of customization option to buyers is limited. This creates a significant procurement problem for buyers to optimize the specifications of the generator and results in the procurement of higher specification generators, increasing the operational costs for buyers.
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This procurement report on the generators market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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