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Procurement Market Intelligence Report

Electric AC Motors
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Electric AC Motors?

What is the average price of Electric AC Motors?

This procurement report includes pricing information to help you purchase Electric AC Motors. 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 Electric AC Motors 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 Electric AC Motors 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 Electric AC Motors?

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 Electric AC Motors 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 ?

There are an estimated 1,720 companies that sell AC motors and other related goods in the United States. Market share concentration among electric AC motor suppliers is low, with the top four vendors generating just under 30.0% of market revenue. Low market share concentration stems largely from the highly standardized... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Production Capabilities

What sort of manufacturing capabilities do you possess? How about your storage capabilities?

How often do you perform maintenance on machinery? How does this affect optimal production performance?

How much time would you need to manufacture the required AC motors?

What type of AC motor do you predominantly manufacture?

How has your product helped similar buyers operate efficiently during the pandemic?

Quality Control

What is the expected life span of the motor?

What procedures do you have in place to check quality?

Do you use computerized or manual systems to check for quality? How does this enhance quality control?

What is the protocol for damaged or defective motors? How soon can I expect replacements?

Size & Type of Typical Clients

What size and type of business does your firm typically supply motors for?

How much experience does your firm have manufacturing the size of motors I require that fits my specifications?

How many of the type of AC motors I requested do you typically sell in an order?

Do you offer volume discounts with purchases of other products?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should explicitly state the amount for the award

Buyers should explain the schedule with which payments will be made

For assistance in ascertaining a reasonable price and price range for electric AC motors, buyers can consult the Benchmark Price section of this report

Selection Criteria

Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of AC motors they are seeking

Buyers should ask for a list of references from current and former customers

Buyers should give preference to local suppliers because it will cut down costs related to transportation, and using a local supplier will simplify communication

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report

Project Schedule

Buyers should communicate to prospective suppliers when award information results will be provided

Buyers need to provide due dates for any ongoing maintenance work

Buyers should provide general expectations with regard to response time and customer service

Buyers should list the expected start and finish dates once a prospective supplier is chosen

Evaluate major factors to mitigate risk

How risky is the supply chain?

Suppliers have faced a range of issues during the three years to 2020 that have impacted their degree of supply chain risk, and which have ultimately negatively affected buyers. For example, broad tariffs placed on imported metal inputs, including steel, aluminum and copper, have contributed to significant fluctuations in suppliers'... Subscribe to learn more.