February 21, 2023
By:EmpoweringCPO Insights Team

Power Cord

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A power cord, line cord, or mains cable is an electrical cable that temporarily connects an appliance to the mains electricity supply via a wall socket or extension cord. This report on Power Cord will be very useful for your team responsible for managing and buying this category. It gives in-depth information about Power Cords, gives information on the industry outlook, pricing trends of Power Cords, Types of Power Cords, cost structure, supplier landscape, RFP elements of the Power Cords, and other useful information for managing this category. It can help the procurement team to benchmark the current contract with the market. Our team of experienced sourcing and procurement professionals can help you through the process of providing all sorts of Procurement Consultancy, Spend analysis, and other procurement services.

Abstract:

  • Power Cords can be bifurcated based on NEMA (National Electrical Manufacturing Association) & IEC classification.
  • Type N sockets and plugs are the official standards and are exclusive in Brazil.
  • The appliance power cord is a cable that temporarily connects an appliance to the mains electricity supply via a wall socket or extension cord.
  • The global electronic components market is expected to witness growth with a CAGR of 6% between 2016-2023.
  • PDU power cords supply the electrical power in data centers; as the number of racks increases, the number of PDU power cords to be used also increases.
  • Submarine power cables carry power between countries and offshore installations like oil/gas platforms and ocean science observatories.
  • Barring fiber optic cable, the demand for power cables has been higher in comparison to other cables and wires for the last decade.
  • Europe and Asia are the major producers of wires and cables; China drives the major demand for Asia and is the leading producer around the world.
  • The Wire and Cable Manufacturing industry provide insulated nonferrous wire, cable, and fiber-optic cable products that are essential to the Consumer Goods, Utilities, Construction, and TELECOM markets.
  • Recent Mergers & Acquisitions among Electrical distributors and manufacturers across the globe have been listed in this report.
  • The International Electrotechnical Commission (IEC) based in Geneva, is an association that establishes international standards for electronic, electrical, and other similar technologies.
  • About 60-70% of the cathodes produced are converted into a standardized wire rod with a diameter of 8 mm and an oxygen content of 150-250 ppm from which are produced copper cables by drawing and insulation.
  • Prices of materials primarily used for manufacturing Power Cord have been falling since the beginning of 2018; Iron and steel prices have been stable since the second half of 2018.
  • Prices of materials primarily used for the outer cover of Power Cords have been fluctuating for the last 2 years, especially in Brazil.
  • A bigger percentage of devices are now wireless by default, and companies are making even bigger pushes to get rid of the cables altogether.
  • Buyers can negotiate with vendors by asking questions related to the features of the products provided and their market position.
  • The buyer Power of the Supplier is weak while that of the buyer is moderate owing to low switching costs and low differentiation.

 

ContentsSlide No.ContentsSlide No.
Executive Summary3Future of Power Cords20
Introduction4-6RFP Elements21
Global Market7-10Negotiation Areas22
Wire & Cable Market11-13Industry Analysis23
Market Consolidation14Cost Breakup24
International Power Cord Regulations15Vendor List25-26
Copper Value Chain16Methodology & Sources27
Materials Details17-19Next Steps28

If required EmpoweringCPO can support additional information and the next steps in executing strategic sourcing projects for Power Cord. Also, feel free to reach us if a similar report is required for any other category. We can also help your organization with tools like Spend Analysis, Procurement Intelligence, Procurement Consultancy, etc.

EmpoweringCPO is a team of experienced sourcing and procurement professionals with hands on experience of having worked with many fortune 500 companies. The company was founded in 2011 and since then has executed multiple strategic sourcing projects and have achieved average savings of 10-12% so far. In addition to Strategic Sourcing their other offerings are Spend Analysis, Procurement Intelligence, Procurement Analytics, Best Cost Country Sourcing, Procurement Outsourcing, Built Operate Transfer, Supplier Diversity, Sustainable Procurement, Tail Spend Management, Item Master Optimization, Collective Buying, Compliance Tracking and Managed Procurement Services.

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Compliance management is very critical as otherwise the procurement organization may run into a scenario where there is a huge gap between realized savings and reported savings. Many procurement functions estimate large savings numbers when contracts are signed. They also invest significant time and effort in negotiating contracts for necessary goods and services, only to have a third or more of their purchasing dollars flow outside those deals. Some of the obvious fall-outs of non-compliance and maverick purchases are:

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  • Risk of losing out on volume discounts and rebates

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  • Vendor Compliance
  • Price Compliance

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