ENABLING SMART PROCUREMENT

Global Cooling Towers Category - Procurement Market Intelligence Report

Single User: Allows a single employee of the organization to access the subscribed reports.

  • Published in: Jan 2018
  • Pages: 87
  • SKU: IRCMSTR14692

Global Cooling Towers Category - Procurement Market Intelligence Report

USD1500 USD2500

Single User: Allows a single employee of the organization to access the subscribed reports.

SpendEdge’s procurement research report on the cooling towers market provides procurement professionals with up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services. This report provides a detailed analysis of the supply market, procurement challenges, and procurement best practices, which can help in planning and executing category management activities. It also focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Cooling Towers - Category Spend Analysis

According to procurement analysts at SpendEdge, increasing development of thermal power plants is a major growth driver for the global cooling towers market. This is mainly because thermal power plants are the largest end-users of cooling towers. The thermal power plant sector is one of the major end-user industries of cooling towers. In thermal power plants, cooling towers are used to maintain the temperature of cooling water that is used for the condensation of steam exhausted from the thermal power plant. Additionally, due to the ever-increasing need for electricity, the construction of thermal power plants is increasing across the globe. Thermal plant-generated electricity is a major source of energy across the globe due to its low cost of production, even in developed nations.

The market is also witnessing an increase in industrialization in developing countries. Cooling towers are extensively used in industries for the cooling of any equipment or process that dissipates excessive heat. Consequently, the demand for cooling towers is heavily driven by the growth of the industrial and manufacturing sectors. In the past few years, the industrial and manufacturing sectors in many developing countries have grown rampantly due to low labor costs and increasing government efforts toward the development of industrial and manufacturing sectors in these countries.

Cooling Towers - Procurement Best Practices

One of the procurement best practices for buyers is to give high priority to water efficiency and water treatment chemical costs. Water efficiency directly impacts the operational cost of a cooling tower; therefore, it is imperative that water is regularly treated with chemicals to increase the effectiveness of the tower. However, it has been observed that in certain instances, suppliers are reluctant to recommend measures for increasing efficiency, as it would reduce the sales of chemicals. Therefore, buyers must ensure that suppliers understand the importance of water efficiency for them. Additionally, it has been observed that in some instances the savings on treatment chemicals can even exceed the savings on water costs. Moreover, an accurate estimate of the cost of treatment chemicals can help buyers to make better budgeting decisions and take measures to reduce their procurement costs with respect to chemicals.

Cooling Towers - Procurement Challenges

According to this procurement research, one of the key procurement challenges faced by buyers is the issues faced during installation and setup. Suppliers only manufacture the components of the cooling tower and leave the assembling and installation of components to subcontractors or buyers. Buyers' workforce may not have the required expertise to assemble and install the cooling tower in an ideal manner, which may lead to frequent breakdowns and replacements in the future. Additionally, in many cases, the tower needs to be installed uniquely to overcome various constraints of the project in terms of space and regulations. Subcontractors may also have limited knowledge in facilitating such unique demands; thus, leading to delays and cost overruns.

 

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.

 

 

Cooling towers are heat rejection devices typically used in industrial processes for cooling water. It works by bringing water and air in direct contact with each other, which results in the reduction of the temperature of the water that is circulated through the tower. This upcoming procurement research report, which is part of SpendEdge’s heavy industry category, would provide actionable insights on the pricing strategies, market drivers, procurement best practices, and the supply landscape for the global cooling towers market.

Category overview of the global cooling towers market

Based on the type of cooling towers, the market can be segmented into crossflow cooling towers, counter-flow cooling towers, induced draft cooling towers, and forced draft cooling towers. It can also be segmented based on design into natural and mechanical cooling towers.

Additionally, this report also considers the market segmentation based on construction materials such as:

  • Concrete
  • Steel
  • FRP

This upcoming procurement research on cooling towers would provide detailed analysis into the continuously evolving supplier landscape to help improve source-to-contract cycle performance. Moreover, it would help sourcing professionals develop enhanced category strategies, understand supplier and market challenges, boost savings, and implement sourcing best practices.

Read less

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Cooling Towers - Category Spend Analysis

According to procurement analysts at SpendEdge, increasing development of thermal power plants is a major growth driver for the global cooling towers market. This is mainly because thermal power plants are the largest end-users of cooling towers. The thermal power plant sector is one of the major end-user industries of cooling towers. In thermal power plants, cooling towers are used to maintain the temperature of cooling water that is used for the condensation of steam exhausted from the thermal power plant. Additionally, due to the ever-increasing need for electricity, the construction of thermal power plants is increasing across the globe. Thermal plant-generated electricity is a major source of energy across the globe due to its low cost of production, even in developed nations.

The market is also witnessing an increase in industrialization in developing countries. Cooling towers are extensively used in industries for the cooling of any equipment or process that dissipates excessive heat. Consequently, the demand for cooling towers is heavily driven by the growth of the industrial and manufacturing sectors. In the past few years, the industrial and manufacturing sectors in many developing countries have grown rampantly due to low labor costs and increasing government efforts toward the development of industrial and manufacturing sectors in these countries.

Cooling Towers - Procurement Best Practices

One of the procurement best practices for buyers is to give high priority to water efficiency and water treatment chemical costs. Water efficiency directly impacts the operational cost of a cooling tower; therefore, it is imperative that water is regularly treated with chemicals to increase the effectiveness of the tower. However, it has been observed that in certain instances, suppliers are reluctant to recommend measures for increasing efficiency, as it would reduce the sales of chemicals. Therefore, buyers must ensure that suppliers understand the importance of water efficiency for them. Additionally, it has been observed that in some instances the savings on treatment chemicals can even exceed the savings on water costs. Moreover, an accurate estimate of the cost of treatment chemicals can help buyers to make better budgeting decisions and take measures to reduce their procurement costs with respect to chemicals.

Cooling Towers - Procurement Challenges

According to this procurement research, one of the key procurement challenges faced by buyers is the issues faced during installation and setup. Suppliers only manufacture the components of the cooling tower and leave the assembling and installation of components to subcontractors or buyers. Buyers' workforce may not have the required expertise to assemble and install the cooling tower in an ideal manner, which may lead to frequent breakdowns and replacements in the future. Additionally, in many cases, the tower needs to be installed uniquely to overcome various constraints of the project in terms of space and regulations. Subcontractors may also have limited knowledge in facilitating such unique demands; thus, leading to delays and cost overruns.

 

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.

 

 

Cooling towers are heat rejection devices typically used in industrial processes for cooling water. It works by bringing water and air in direct contact with each other, which results in the reduction of the temperature of the water that is circulated through the tower. This upcoming procurement research report, which is part of SpendEdge’s heavy industry category, would provide actionable insights on the pricing strategies, market drivers, procurement best practices, and the supply landscape for the global cooling towers market.

Category overview of the global cooling towers market

Based on the type of cooling towers, the market can be segmented into crossflow cooling towers, counter-flow cooling towers, induced draft cooling towers, and forced draft cooling towers. It can also be segmented based on design into natural and mechanical cooling towers.

Additionally, this report also considers the market segmentation based on construction materials such as:

  • Concrete
  • Steel
  • FRP

This upcoming procurement research on cooling towers would provide detailed analysis into the continuously evolving supplier landscape to help improve source-to-contract cycle performance. Moreover, it would help sourcing professionals develop enhanced category strategies, understand supplier and market challenges, boost savings, and implement sourcing best practices.

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • SPX
  • EVAPCO
  • BAC
  • Hamon
  • Paharpur

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
Read less

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • SPX
  • EVAPCO
  • BAC
  • Hamon
  • Paharpur

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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