T&D equipment contracts down 42% in Q2 2019

6 September 2019 (Last Updated September 6th, 2019 07:43)

T&D equipment contracts down 42% in Q2 2019

T&D equipment contracts in Q2 2019 saw 33 contracts announced, marking a drop of 42% over the last four-quarter average of 57, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 23 contracts and a 69.7% share
  2. Project Implementation: eight contracts and a 24.2% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and a 6.1% share.

Europe leads T&D equipment activity in Q2 2019

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 22 contracts and a share of 66.7% during Q2 2019, followed by Asia-Pacific with seven contracts and a 21.2% share and Middle East and Africa with two contracts and a 6.1% share.

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Wind is leading technology for T&D equipment contracts in Q2 2019

Among the technologies, wind accounted for 12 contracts with an 80% share, followed by hydro with one contract and a 6.7% share and solar with one contract and a 6.7% 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.