Learn about actual and potential costs
How much should I pay for Variable-Speed Drives?
What is the average price of Variable-Speed Drives?
This procurement report includes pricing information to help you purchase Variable-Speed Drives. 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 Variable-Speed Drives 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 Variable-Speed Drives 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 Variable-Speed Drives?
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 Variable-Speed Drives 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 in the VSD market is high. Although ProcurementIQ estimates there are 780 suppliers operating in the United States, the top four suppliers account for about 68.0% of market revenue. Despite the presence of many manufacturers and even more wholesalers, large-scale manufacturers like ABB Ltd., Eaton Corporation, Siemens... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What additional products or services do you offer separate from this equipment?
Do you provide installation services?
What are the incentives for me to use your preferred installer?
What type of discounts do you offer for specific brands and for volume purchases? What new products or solutions have you introduced to address issues brought on by the coronavirus pandemic?
Will I have access to a certified VSD specialist to answer any questions or concerns that may arise during and after my purchase?
Do clients have a dedicated account manager or do they call a general support line?
How many clients does each account manager look after?
Do you have response-time benchmarks for following up with or solving a problem for a client?
Amid widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?
What do your warranties cover?
If my product breaks down while under warranty, do you provide loaners while mine is being repaired? If so, is there an additional charge?
Are there any instances or circumstances that will void the warranty that I should be aware of?
Are there any transportation, labor or replacement fees associated with warranty claims?
Can I purchase an extended warranty?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount for the award.
Buyers should explain the schedule with which payments will be made.
For assistance in ascertaining a reasonable price and price range for VSDs, buyers can consult the Benchmark Price section of this report.
Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of VSDs they are seeking.
Buyers should ask for a list of references from current and former customers.
Buyers should give preference to suppliers that can demonstrate the energy efficiency and cost savings potential of their VSDs.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should communicate to prospective suppliers when award information results will be provided.
Buyers need to provide due dates for any ongoing maintenance work.
Buyers should provide general expectations with regard to response time and customer service.
Buyers should list the expected start and finish dates once a prospective supplier is chosen.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for VSDs is moderate. Most supply chain risk comes from suppliers' reliance on steel, aluminum, copper and other metal-based screws, nuts, bolts and electrical components. As commodities, the prices of these metals are subject to volatility stemming from global trends in supply and demand. For example,... Subscribe to learn more.