Global power industry contracts in Q3 2019: Thermal technology down 7%

16 October 2019 (Last Updated October 16th, 2019 08:11)

Global power industry contracts in Q3 2019: Thermal technology down 7%
Oil and gas companies are making moves into the UK energy market.

Thermal technology contracts activity in Q3 2019 saw 81 contracts announced, marking a drop of 7% over the last four-quarter average of 87, according to GlobalData’s power industry contracts database.

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Gas was the top category in thermal technology in terms of number of contracts for the quarter, accounting for 49 contracts and a 58.3% share, followed by Coal with 26 contracts and a 31% share. Oil stood in third place with nine contracts and a 10.7% share.


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Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during Q3 2019 with a 12.1% share.

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

  1. Supply & Erection: 30 contracts and a 37% share
  2. Project Implementation: 23 contracts and a 28.4% share
  3. Repair, Maintenance, Upgrade & Others: 20 contracts and a 24.7% share
  4. Power Purchase Agreement: five contracts and a 6.2% share
  5. Consulting & Similar Services: two contracts and a 2.5% share
  6. Electricity Supply: one contract and a 1.2% share.

Asia-Pacific leads thermal contracts activity in Q3 2019

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 35 contracts and a share of 43.2% during Q3 2019, followed by North America with 15 contracts and an 18.5% share and Europe with 14 contracts and a 17.3% share.

In fourth place was Middle East and Africa with 14 contracts and a 17.3% share and in fifth place was South and Central America with three contracts and a 3.7% share.

Thermal technology contracts in Q3 2019: Top companies by capacity

The top issuers of contracts in Thermal technology for the quarter in terms of power capacity involved were:

  1. JERA (Japan) and JXTG Nippon Oil & Energy (Japan): 2,340MW from one contract
  2. Ministry of Electricity, Iraq (Iraq): 1,600MW from one contract
  3. Van Phong Power: 1,320MW capacity from one contract.

Thermal technology contracts in Q3 2019: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. Toshiba Energy Systems & Solutions (Japan): 3,660MW from two contracts
  2. Siemens (Germany): 2,834MW from four contracts
  3. Toshiba Plant Systems & Services (Japan): 2,340MW capacity from one contract.

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.