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Procurement Market Intelligence Report
Gas Turbines
Sourcing Guide & Market Trends
Comprehensive intelligence for making smart purchasing decisions
Learn about actual and potential costs
How much should I pay for Gas Turbines?
What is the average price of Gas Turbines?
This procurement report includes pricing information to help you purchase Gas Turbines. 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 Gas Turbines 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 Gas Turbines 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 Gas Turbines?
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 Gas Turbines 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 Gas Turbines?
Market share concentration among gas turbine suppliers is high and has increased during the three years to 2020. ProcurementIQ estimates that there are 209 suppliers operating in the United States, most of which are small and midsize manufacturers. Large-scale manufacturers dominate the market, though, with the top four gas turbine... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Financial Risk
What is your company's sales history for the past five years?
Has your company ever been at risk of bankruptcy?
How does your company stay profitable during economic downturns?
What is your breakdown of market by revenue?
What impact on your profitability would there be if you lost a big customer?
Experience & Expertise
How long have you served operators in my industry?
What industry do you most commonly supply this product to?
What investments are you making in new products, R&D and new plants?
What qualifications does your staff have and what measures do you take to keep those qualifications up-to-date?
Product Lines
Do you offer any complementary products or services with the purchase of this machinery?
What additional related products or services can I purchase from you separate from the gas turbine?
What type of discounts do you offer for specific types or brands?
Other than your referral, are there any other incentives for me to use your preferred installer?
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Key elements for every RFP
What should my Gas Turbines RFP include?
Project Budget
Buyers should explicitly state the amount for the award.
Buyers should explain their desired payment schedule.
For assistance in ascertaining a reasonable price and price range for gas turbines, 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 gas turbines they are seeking.
Buyers should ask for a list of references from current and former customers.
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 should provide general expectations with regard to response time and customer service.
Buyers should list the expected delivery date once a prospective supplier is chosen.
Evaluate major factors to mitigate risk
How risky is the Gas Turbines supply chain?
The gas turbine market has a medium level of supply chain risk, which stems primarily from suppliers' reliance on steel, aluminum, titanium and other metals and metal alloys. Gas turbines, particularly the blades of gas turbines used in jet engines, are often made of aluminum or carbon fiber-reinforced plastic due... Subscribe to learn more.