T&D equipment contracts down 42% in October 2020

24 November 2020 (Last Updated November 24th, 2020 04:15)

T&D equipment contracts down 42% in October 2020
Oil and gas companies are making moves into the UK energy market.

T&D equipment contracts in October 2020 saw 26 contracts announced, marking a drop of 42% over the last 12-month average of 45, 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: 22 contracts and an 84.6% share
  2. Project Implementation: four contracts and a 15.4% share.

Europe leads T&D equipment activity in October 2020

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 14 contracts and a share of 53.8% during October 2020, followed by North America with four contracts and a 15.4% share and Asia-Pacific with four contracts and a 15.4% share.

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Solar is leading technology for T&D equipment contracts in October 2020

Among the technologies, solar accounted for two contracts with a 33.3% share, followed by wind with two contracts and a 33.3% share and hydro with one contract 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.