T&D equipment contracts up 53% in November 2019

24 December 2019 (Last Updated December 24th, 2019 05:27)

T&D equipment contracts up 53% in November 2019
Oil and gas companies are making moves into the UK energy market.

T&D equipment contracts in November 2019 saw 23 contracts announced, marking a rise of 53% over the last 12-month average of 15, 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.

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

  1. Supply & Erection: 20 contracts and an 87% share
  2. Project Implementation: two contracts and an 8.7% share
  3. Consulting & Similar Services: one contract and a 4.3% share.

Europe leads T&D equipment activity in November 2019

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 15 contracts and a share of 65.2% during November 2019, followed by Asia-Pacific with five contracts and a 21.7% share and South and Central America with two contracts and an 8.7% share.

  • Embed this chart

    Embed this chart into your website

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

Wind is leading technology for T&D equipment contracts in November 2019

Among the technologies, wind accounted for 12 contracts with a 70.6% share, followed by solar with two contracts and an 11.8% share and thermal with two contracts and an 11.8% 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.