Learn about actual and potential costs
How much should I pay for Industrial Fans & Ventilation Equipment?
What is the average price of Industrial Fans & Ventilation Equipment?
This procurement report includes pricing information to help you purchase Industrial Fans & Ventilation Equipment. 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 Industrial Fans & Ventilation Equipment 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 Industrial Fans & Ventilation Equipment 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 Industrial Fans & Ventilation Equipment?
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 Industrial Fans & Ventilation Equipment 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 ?
The market share concentration for industrial fans and ventilation equipment is low. ProcurementIQ estimates that the top four suppliers currently account for less than 30.0% of industrial fan and ventilation equipment sales. Market share concentration has declined slightly during the past three years as growing import penetration has gradually facilitated... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Service & Maintenance
What customer assistance channels are available?
What preventative measures should I take to avoid costly repairs?
What is the warranty on your ventilation equipment and its parts? What is the cost for an extended warranty or insurance?
What is the average cost of maintenance?
If I am located further away from your facilities, will there be difficulties in delivering and servicing the fans?
What is the typical turnaround time for repairs and services based on the distance from the buyer?
What performance-monitoring systems are in place at your company?
What steps do you take to ensure consistent quality?
On average, how many faulty industrial ventilation products does your company produce annually?
How does your product quality differ from that of your competitors? What sets your product line apart?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Vendors should provide details on the current pricing structure and available billing models.
Buyers should state the contract amount.
Buyers can consult the Benchmark Price section of this report to determine how much they should pay for equipment.
Buyers should take into account the production capabilities of a supplier and the range of products offered.
Buyers should evaluate the level of expertise of each supplier.
Buyers should take into account the energy efficiency of a supplier's available products to ensure a lower TCO and compliance with buyers' own regulatory requirements.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the date when proposals are due, when award information will be available and when delivery dates should be.
Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for industrial fans and ventilation equipment poses a moderate level of risk. Main inputs in the manufacturing of industrial fans and related equipment include ferrous metal foundry products, aluminum and electrical equipment. The majority of first and second tier suppliers pose a moderate degree of risk. ... Subscribe to learn more.