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  1. Market Data
January 20, 2021

Generation equipment contracts up 6% in December 2020

Generation equipment contracts in December 2020 saw 108 contracts announced, marking a rise of 6% over the last 12-month average of 102, 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: 94 contracts and an 87% share
  2. Repair, Maintenance, Upgrade & Others: ten contracts and a 9.3% share
  3. Consulting & Similar Services: two contracts and a 1.9% share
  4. Project Implementation: two contracts and a 1.9% share.

Europe leads generation equipment activity in December 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 41 contracts and a share of 38% during December 2020, followed by Asia-Pacific with 28 contracts and a 25.9% share and North America with 26 contracts and a 24.1% share.

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Wind is leading technology for generation equipment contracts in December 2020

Among the technologies, wind accounted for 55 contracts with a 50.9% share, followed by solar with 21 contracts and a 19.4% share and thermal with 20 contracts and an 18.5% 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.

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