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Procurement Market Intelligence Report

Smart Meters
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Smart Meters?

What is the average price of Smart Meters?

This procurement report includes pricing information to help you purchase Smart Meters. 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 Smart Meters 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 Smart Meters 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 Smart Meters?

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 Smart Meters 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 smart meter market has a moderate level of market share concentration, with the top four players accounting for between 30.0% and 50.0% of total market revenue. ProcurementIQ estimates there are roughly 544 suppliers of smart meters in the United States. Although the top three firms, Itron, Hubbell and Landis+Gyr,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Additional Services

What additional products and services beyond smart meters do you provide?

What bundling discounts do you offer for buyers purchasing multiple products and services at once?

What percentage of your revenue comes from monitoring systems specifically designed for my application?

What is the largest service or product segment your company provides?

Cost Containment

How many different suppliers do you use?

How long have you been in supply agreements with these vendors?

Do you own or maintain any upstream raw material operations?

What kinds of supply chain disruptions have you experienced or are most likely to occur?

What protocols do you have in place to mitigate the effects of supply chain disruptions?

How have you been coping with tariffs placed on imported input materials?

Purchase Costs

Who bears the cost of shipping?

How does shipping vary based on different delivery times?

Are setup and installation costs included in the purchase price?

What other services does your fee proposal include?

What additional fees, if any, might I encounter outside of those outlined in your proposal?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their budgets for smart meters and any desired related services and goods.

Buyers should indicate when payment will occur, such as upon award of the contract or in installments over a period of time.

Selection Criteria

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.

Project Schedule

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?

The supply chain for smart meters is considered to have a moderate risk level, which somewhat hampers buyer power. Although there is some volatility in input costs, the inputs used in smart meter production are expected to remain widely available, thus preventing higher overall market risk. Semiconductors and electronic... Subscribe to learn more.

HIGH

MEDIUM

LOW