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ProcurementIQ’s Heat Pumps procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Heat Pumps to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Heat Pumps - Recent Price Trend

The average price for heat pumps has been rising modestly at an estimated annualized rate of 1.4% during the three years to 2018, which has slightly enhanced buyer power. Both demand and production costs have increased during this period, resulting in a climate of mild price growth. However, heavy competition in the market has suppressed price growth and kept year-to-year fluctuations to a low.

Heat Pumps - Total Cost of Ownership

The total cost of ownership (TCO) for heat pumps is low, at less than 50.0% of the benchmark purchase price per year in ownership costs. The added costs that buyers of heat pumps have to pay include installation, maintenance and energy costs. Installation costs can range from $2,000 to $10,000 per heat pump, largely depending on the type of heat pump. Ground source heat pumps cost much more to.

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About this Report

This report is intended to assist buyers of heat pumps. Heat pumps are devices that transfer heat energy against a temperature gradient from cooler areas to warmer areas. While air conditioners and refrigerators are familiar examples of heat pumps, the term may refer to space cooling or space heating devices. This report includes both ground source (GSHP) and air source (ASHP) heat pumps, but it does not include water heaters, heat exchangers or heating stoves.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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