Smart grid contracts in Q4 2019 saw 45 contracts announced, marking a rise of 50% over the last four-quarter average of 30, according to GlobalData’s power industry contracts database.
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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Supply & Erection: 44 contracts and a 97.8% share
- Project Implementation: one contract and a 2.2% share.
Europe leads smart grid activity in Q4 2019
Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 22 contracts and a share of 48.9% during Q4 2019, followed by Asia-Pacific with ten contracts and a 22.2% share and North America with eight contracts and a 17.8% share.
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Wind is leading technology for smart grid contracts in Q4 2019
Among the technologies, wind accounted for five contracts with a 45.5% share, followed by solar with three contracts and a 27.3% share and thermal with one contract and a 9.1% share.
All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.
More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.
