T&D equipment contracts up 92% in Q2 2020

25 August 2020 (Last Updated August 25th, 2020 05:42)
T&D equipment contracts up 92% in Q2 2020

T&D equipment contracts in Q2 2020 saw 152 contracts announced, marking a rise of 92% over the last four-quarter average of 79, 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 quarter was as follows:

  1. Supply & Erection: 135 contracts and an 88.8% share
  2. Project Implementation: ten contracts and a 6.6% share
  3. Repair, Maintenance, Upgrade & Others: six contracts and a 3.9% share
  4. Consulting & Similar Services: one contract and a 0.7% share.

Europe leads T&D equipment activity in Q2 2020

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 102 contracts and a share of 67.1% during Q2 2020, followed by North America with 33 contracts and a 21.7% share and Asia-Pacific with nine contracts and a 5.9% 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 Q2 2020

Among the technologies, wind accounted for 15 contracts with a 53.6% share, followed by solar with six contracts and a 21.4% share and hydro with five contracts and a 17.9% share.

T&D equipment contracts in Q2 2020: Top issuer by capacity

The top issuer of T&D equipment contracts for the quarter in terms of power capacity involved was:Akita Offshore Wind Farm (Japan) with 140MW from one contract.

T&D equipment contracts in Q2 2020: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved was:Kajima (Japan) and Sumitomo Electric Industries (Japan) with 140MW 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.