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Electrical Safety Devices


If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Electrical Safety Devices procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Electrical Safety Devices, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Electrical Safety Devices - Recent Price Trend

In the three years to 2017, electrical safety device prices have been declining at an estimated average annual rate of 0.1%. Declining input and wage costs, and robust marketplace competition have compelled suppliers to lower prices. However, gains in demand have mitigated the rate of price declines in the past three years.Electrical safety devices are manufactured from a variety of metals,.

Electrical Safety Devices - Total Cost of Ownership

The total cost of electrical safety devices is low in comparison with the benchmark purchase price, but some ownership costs do exist. For example, shipping fees are required for transporting devices from the supplier’s warehouse to the buyer and vary based on the supplier’s location.In addition, buyers often have to hire electricians to install electrical safety devices. Installing a GFCI or.

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About this Report

This report is intended to assist buyers of electrical safety devices, including ground-fault circuit interrupters (GFCIs) and arc-fault circuit interrupters (AFCIs). Electrical safety devices help mitigate the risk of serious injury from an electric circuit. A GFCI is a device that disconnects a circuit when it senses that electricity is flowing through an unintended path (e.g. a person or through water) in order to reduce the risk of electrocution. AFCIs disconnect circuits when electrical arcs are detected in order to protect against electrical fires. This report excludes standard circuit breakers, fuses, surge protectors and relays. Top buyers of electrical safety devices include electrical contracting firms, construction firms and building operators.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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