London, Feb 20, 2018: Rapid economic growth in APAC, especially in countries such as India, Indonesia, and China, has resulted in investments by governments and private organizations in many power generation and distribution projects. This has led to a rise in demand for both power and distribution transformers. Also, electric utility companies across the globe are increasingly replacing their old and aging transformers with modern ones increasing the sales in the global transformers market.
SpendEdge’s latest procurement research report on the global transformers 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 utilities, 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.
“Governments across the globe are taking initiatives to improve the efficiency of transmission and distribution of electricity. Hence, they are replacing aging transformers with new ones. This is because, over the years, due to wear and tear of coil windings, the performance of transformers reduces and the energy loss during transmission increases. As a result, sales in the transformers market across the world has been on the rise.” – A Kowshik, facility management expert at SpendEdge.
Buyers face issues in evaluating the performance and reliability of transformers due to the lack of in-house expertise and technical know-how related to power generation systems. This may lead to the procurement of inappropriate transformers, which can increase buyers’ cost of ownership. As a result, buyers face procurement difficulty in hiring technical experts that have complete knowledge of electrical devices and equipment who can assist in selecting transformers.
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This procurement report on the transformers 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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