T&D equipment contracts up 125% in June 2020

29 July 2020 (Last Updated August 4th, 2020 13:26)
T&D equipment contracts up 125% in June 2020
Oil and gas companies are making moves into the UK energy market.

T&D equipment contracts in June 2020 saw 63 contracts announced, marking a rise of 125% over the last 12-month average of 28, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 58 contracts and a 92.1% share
  2. Repair, Maintenance, Upgrade & Others: three contracts and a 4.8% share
  3. Project Implementation: two contracts and a 3.2% share.

Europe leads T&D equipment activity in June 2020

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 43 contracts and a share of 68.3% during June 2020, followed by North America with 14 contracts and a 22.2% share and Asia-Pacific with four contracts and a 6.3% share.

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Wind is leading technology for T&D equipment contracts in June 2020

Among the technologies, wind accounted for five contracts with a 41.7% share, followed by solar with three contracts and a 25% share and hydro with two contracts and a 16.7% 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.