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  1. Market Data
March 19, 2021

Generation equipment tenders down 20% in February 2021

By Amit Sharma

Generation equipment tenders in February 2021 saw 125 tenders announced, marking a drop of 20% over the last 12-month average of 156, according to GlobalData’s power industry tenders database.

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

  1. Supply & Erection: 84 tenders and a 67.2% share
  2. Repair, Maintenance, Upgrade & Others: 40 tenders and a 32% share
  3. Consulting & Similar Services: one tender and a 0.8% share.

North America leads generation equipment activity in February 2021

Comparing tenders activity in generation equipment segment in different regions of the globe, North America held the top position with 83 tenders and a share of 66.4% during February 2021, followed by Middle East and Africa with 22 tenders and a 17.6% share and Europe with 13 tenders and a 10.4% share.

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Thermal is leading technology for generation equipment tenders in February 2021

Among the technologies, thermal accounted for 104 tenders with an 81.3% share, followed by solar with 14 tenders and a 10.9% share and nuclear with five tenders and a 3.9% share.

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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