Global power industry buyer respondents is projected at US$127.4 million, against US$177.3 million

India, Brazil, the Middle East, and China are the important emerging markets to offer growth in 2013.
‘Market uncertainty’, ‘rising competition’, ‘regulatory changes’, and ‘responding to pricing pressure’ remain the leading business concerns for the global power industry in 2013.
Overall, for 2013, the average size of the annual procurement budget for global power industry buyer respondents is projected at US$127.4 million, against US$177.3 million in 2012 and US$168 million in 2011.‘Price’, ‘level of service’, and ‘delivery lead times’ are considered the most important factors for supplier selection in the global power industry, while ‘brand reputation’ and ‘environmental records and CSR’are considered the least important.While 15% of buyer respondents from the global power industry are willing to implement e-procurement in 2013 or beyond, 46% are already in the different stages of implementation (‘partially implemented’, ‘completely implemented’, and ‘evaluation or pilot use’.).
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