North America generation equipment contracts activity up 6% in Q4 2020

20 January 2021 (Last Updated January 20th, 2021 01:54)

North America generation equipment contracts activity up 6% in Q4 2020

There were 54 generation equipment contracts announced in the North America region in Q4 2020, marking a rise of 6% over the last four-quarter average of 51, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q4 2020 with 74 contracts and a 36.3% share, followed by Generation Equipment with 54 contracts and a 26.5% share and Power Plant with 39 contracts and a 19.1% share during the quarter.

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

  1. Supply & Erection: 38 contracts and a 70.4% share
  2. Repair, Maintenance, Upgrade & Others: 14 contracts and a 25.9% share
  3. Consulting & Similar Services: one contract and a 1.9% share
  4. Project Implementation: one contract and a 1.9% share.

Wind is top technology for North America generation equipment contracts in Q4 2020

Looking at generation equipment contracts by the type of technology in the North America region, wind accounted for 23 contracts with a 42.6% share, followed by thermal with 13 contracts and a 24.1% share and solar with 12 contracts and a 22.2% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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.