FARMINGTON, Conn., March 25, 2013 /PRNewswire-iReach/ -- What are the telltale signs of a market caught in a flurry of merger and acquisition activity? Highly competitive, portfolio expansion, new market entry, and weak market conditions – these four characteristics describe the global power industry. According to a new survey drawn from key power executives, 'increased levels of consolidation' is the name of the trend in 2013. Immediate business concerns respondents in the global power industry are most wary of include: 'market uncertainty', 'cost containment', and 'regulatory changes'. Due to these concerns, both suppliers and buyers are pooling their resources to concentrate on these three objectives: engaging in partnerships to optimize working capital and reducing costs, product innovation, and customer service improvements.
Region-wise, both buyers and suppliers identified India, Brazil, the Middle East, and China as the most important regions for growth among emerging markets. Additionally, the US, Singapore, Taiwan, Hong Kong, and Australia were identified as the most important growth regions among developed countries; in contrast, France, Spain, and Italy are expected to offer the least growth potential.
The global annual market budget for supplier companies in the power industry according to respondents from the survey are expected to rise to $3.7 million in 2013.
Learn more about the survey and request a free sample at http://www.giiresearch.com/report/icd233821-global-power-survey-2012-2013-market-trends.html
A second related survey, "Global Power Survey 2013-2014 - Market Trends, Marketing Spend and Sales Strategies in the Global Power Industry", presents the buyer point of view. According to buyer respondents from the survey, the average size of the annual procurement budget for the global power industry is projected to reach $127.4 million in 2013.
Learn more about the survey and request a free sample at http://www.giiresearch.com/report/icd233820-global-power-survey-2012-2013-market-trends-buyer.html
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