Learn about actual and potential costs
How much should I pay for Panelboards?
What is the average price of Panelboards?
This procurement report includes pricing information to help you purchase Panelboards. 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 Panelboards 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 Panelboards 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 Panelboards?
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 Panelboards 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 among panelboard suppliers is high, with the top four suppliers accounting for over 50.0% of total market revenue. The high level of market share concentration stems from the ability of larger suppliers to leverage economies of scale to reduce production costs. There are about 86 suppliers of... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do you test the effectiveness of your panelboards' response to overcurrent and other faults?
Do components of your panelboards lose effectiveness over time at faster rates than others?
How often do your panelboards not isolate circuits fast enough or accidentally isolate them when it is unnecessary?
Where are replacement parts available?
Can your panelboards integrate in any existing electrical infrastructure (keeping current and voltage requirements in mind)?
Do you offer bundling discounts for your equipment or services?
Do you offer panelboard maintenance equipment that is specialized for your product? If so, how is it specialized?
Do you offer discounts when contracted to supply a large volume of an electrical products?
Do you provide installation services, or do you work with preferred third-party installers?
How quickly can your technicians be on-site if technical support or repair is required?
Do you have commitments, warranties and guaranteed levels of performance for your equipment?
Do you offer training sessions regarding the use and upkeep of your panelboards?
Can you provide a list of references from current and previous clients, along with their contact information?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budgets for panelboards and any desired related services and goods.
Buyers should indicate when payment will occur, such as upon award of the contract or over a period of time.
Buyers should look for vendors that offer devices that meet the requirements of the RFP.
Buyers should evaluate vendors based on previous client testimonials and their ability to provide quality customer service.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should provide the date and time when proposals are due and when award information will be available.
Buyers should include the RFP schedule and expected timeline for product delivery.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for panelboard manufacturers is moderate due to the market's sensitivity to raw material price fluctuations. This moderate level of supply chain risk impedes buyer power because suppliers face the risk of spikes in input costs that could potentially disrupt production. Input price shocks would also destabilize prices... Subscribe to learn more.