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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 Smart Meters?
The smart meter market has a moderate level of market share concentration, with the top four players accounting for almost 45.0% of total market revenue. ProcurementIQ estimates there are roughly 257 suppliers of smart meters in the United States. Although the top three firms, Itron Inc., Hubbell Inc. and Landis+Gyr,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
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, may I encounter outside of those outlined in your proposal?
Financial Health
How likely is your company to be purchased or merged with another company during the next several years?
What is your company's sales history during the past five years?
Is your company currently dealing with litigation or facing the prospect of litigation in the near future? If so, how do you plan to handle litigation expenses and consequences?
From which markets do you derive most of your revenue?
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Key elements for every RFP
What should my Smart Meters 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 Smart Meters supply chain?
The supply chain for smart meters is considered to have a moderate risk level, which hampers buyer power. Despite moderate risk stemming from fluctuations in purchase costs, however, the inputs used in smart meter production are expected to remain widely available, preventing higher risk. Semiconductors and electronic components are... Subscribe to learn more.