Europe T&D equipment contracts activity down 15% in Q2 2019

14 August 2019 (Last Updated August 14th, 2019 10:05)

Europe T&D equipment contracts activity down 15% in Q2 2019
Oil and gas companies are making moves into the UK energy market.

There were 22 T&D equipment contracts announced in the Europe region in Q2 2019, marking a drop of 15% over the last 12-month average of 26, according to GlobalData's power industry contracts database.

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Generation Equipment stood at first place when compared with other power tender categories in the Europe region in Q2 2019 with 84 contracts and a 33.2% share, followed by Power Plant with 75 contracts and a 29.6% share and Electricity Procurement with 38 contracts and a 15% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Supply & Erection: 16 contracts and a 72.7% share
  2. Project Implementation: four contracts and an 18.2% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and a 9.1% share.

Wind is top technology for Europe T&D equipment contracts in Q2 2019

Looking at T&D equipment contracts by the type of technology in the Europe region, wind accounted for ten contracts with a 90.9% share, followed by hydro with one contract and a 9.1% share.

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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.