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Procurement Market Intelligence Report

Inflow Control Devices
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Inflow Control Devices?

What is the average price of Inflow Control Devices?

This procurement report includes pricing information to help you purchase Inflow Control Devices. 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 Inflow Control Devices 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 Inflow Control Devices 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 Inflow Control Devices?

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 Inflow Control Devices 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 Inflow Control Devices?

ProcurementIQ estimates that the top four suppliers of ICDs currently account for over 50.0% of the market, indicating a high level of concentration. ICDs are only available from an estimated 48 suppliers, which heavily restricts buyer power by limiting buyer options and reducing competition among vendors. The fairly specialized nature... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Integration

Are there any other products and services that should be purchased in addition to your ICD system?

Can you recommend any additional products or services that would increase the functionality of your ICD system?

Are the costs of the additional services needed to change the equipment's performance included in the price?

Can you provide a performance overview of the well comparing your different ICD systems?

Service & Maintenance

What do your warranties cover?

Do you offer maintenance and repair services? If not, can the service be included at an additional cost?

How quickly can your technicians be on site if support or repair is required?

What is the anticipated useful life of your equipment? Are there any instances or circumstances that would significantly reduce the useful life?

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Key elements for every RFP

What should my Inflow Control Devices RFP include?

Project Budget

Buyers should specify the desired payment terms, including the preferred interest rate, if applicable.

Buyers should specify the total budget.

Buyers should request detailed information about shipping costs.

Selection Criteria

Buyers should prioritize suppliers that are located nearby to reduce lead times and shipping costs.

Buyers should ensure that the provider's ICD meets their specifications.

Buyers should ensure that the ICDs are compatible with the existing infrastructure.

Project Schedule

Buyers should specify the date proposals are due and when the award will be announced.

Buyers should indicate the date by which the ICDs must be delivered.

Evaluate major factors to mitigate risk

How risky is the Inflow Control Devices supply chain?

The supply chain for ICDs is exposed to a moderate level of risk. Key inputs in the production of ICDs include tungsten carbide, steel and software products that are used in the initial design process. With the exception of upstream suppliers of packaged software products, which pose the least amount... Subscribe to learn more.

HIGH

MEDIUM

LOW