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October 26, 2021

Asia-Pacific smart grid tenders activity down 5% in Q3 2021

There were 21 smart grid tenders announced in the Asia-Pacific region in Q3 2021, marking a drop of 5% over the last four-quarter average of 22, according to GlobalData’s power industry tenders database.

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T&D Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in Q3 2021 with 217 tenders and a 36.5% share, followed by Power Plant with 125 tenders and a 21% share and Generation Equipment with 109 tenders and an 18.3% share during the quarter.

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

  1. Supply & Erection: 19 tenders and a 90.5% share
  2. Consulting & Similar Services: one tender and a 4.8% share
  3. Project Implementation: one tender and a 4.8% share.

Solar is top technology for Asia-Pacific smart grid tenders in Q3 2021

Looking at smart grid tenders by the type of technology in the Asia-Pacific region, solar accounted for two tenders with a 66.7% share, followed by thermal with one tender and a 33.3% share.

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All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.

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Free Report
img

How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

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