Learn about actual and potential costs
How much should I pay for Circuit Breakers?
What is the average price of Circuit Breakers?
This procurement report includes pricing information to help you purchase Circuit Breakers. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Circuit Breakers been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Circuit Breakers yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Circuit Breakers?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Circuit Breakers with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration in the circuit breaker market is low, with the top four vendors (ABB Ltd., Eaton Corporation, General Electric Company and Siemens AG) accounting for less than 30.0% of total market revenue. Low market share is largely a result of the significant number of suppliers in the market,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How often do you experience defects with your products? To what degree are in-process inspections and process controls carried out?
What is your acceptable margin of error for the product(s) I am seeking to purchase?
How many recalls have you had? Were they voluntary or mandated?
What types of technical issues have you experienced with this product?
What is the typical inspection process that your product undergoes?
How do you ensure your product's quality? What performance-monitoring systems are in place at your company?
Do you offer any complementary products or services with the purchase of circuit breakers? If so, what are they?
What additional products or services do you offer separate from the purchase of circuit breakers?
What discounts do you offer for specific types or brands?
What samples do you offer?
Do you have any agreements with group purchasing organizations or integrated delivery networks?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount of the contract award.
Buyers should specify their preferred schedule for payments.
Buyers can consult the Benchmark Price and Total Cost of Ownership sections of this report to gain a better understanding of what they should pay for circuit breakers.
Buyers should take into account the reputation and relevant experience of a supplier.
Buyers should assess the effectiveness and reliability of a supplier's circuit breakers.
Buyers should evaluate the warranty plans offered by a prospective supplier, particularly as they relate to total cost of ownership.
Buyers should take into account to the location of a supplier to ensure delivery costs and timeliness are reasonable.
Buyers should state the due date for questions and proposals.
Buyers should state when the bid will be finalized and when the selected supplier will be contacted.
Buyers should include any other important dates on the RFP timeline, such as dates for testing products or for interviewing potential suppliers.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for circuit breakers exhibits a moderate level of risk. The greatest risk stems from steel manufacturers, a critical upstream supplier. Circuit breakers are typically manufactured with steel to create the frame and casing. The price of steel has historically been volatile. As a commodity, its price is... Subscribe to learn more.