NEW YORK, May 30, 2022 /PRNewswire/ -- During the forecast period, the HVAC Equipment industry will see an increase in spending of around USD 23 Billion. However, the majority of this expansion will be driven by only a few regions. Furthermore, due to their supplier base, North America, Europe, and APAC will have the most effect on the supply side.
The increase is likely to be driven mostly by increased demand and adoption of the category in those few regions.
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Key HVAC Equipment Sourcing and Procurement Report Highlights:
1. Market growth 2020-2024: USD 23 Billion
2. Growth momentum & CAGR: Accelerate at a CAGR of 3.49%
3. Top Pricing Models: Pay-as-you-go pricing, and value-based pricing
4. Key consumer countries: North America, Europe, and APAC
5. Supplier Selection Criteria: Technical specifications, Operational requirements, Acceptance criteria, and Evaluation criteria
6. Top Suppliers: Lennox International Inc., Melrose Industries PLC, and Danfoss AS.
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Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for the HVAC Equipment market. The report also aids buyers with relevant HVAC Equipment pricing levels, pros, and cons of prevalent pricing models such as pay-as-you-go pricing, and value-based pricing, category management strategies and best practices to fulfil their category objectives.
For more insights on buyer strategies and tactical negotiation levers, www.spendedge.com/report/hvac-equipment-sourcing-and-procurement-intelligence-report
Key Drivers and Trends Fueling Market Growth:
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.
Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors.
Identify favorable opportunities in HVAC Equipment TCO (total cost of ownership).
Expected changes in price forecast and factors driving the current and future price changes.
Identify pricing models that offer the most rewarding opportunities.
To know more about various other market drivers, trends and challenges.
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Table of Content
Category Pricing Insights
Category Management Strategy
Category Management Enablers
Suppliers under Coverage
US Market Insights
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