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  1. Market Data
June 22, 2022

Generation equipment tenders down 60% in May 2022

By Carmen

Generation equipment tenders in May 2022 saw 46 tenders announced, marking a drop of 60% over the last 12-month average of 116, 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: 40 tenders and an 87% share
  2. Repair, Maintenance, Upgrade & Others: six tenders and a 13% share.

Asia-Pacific leads generation equipment activity in May 2022

Comparing tenders activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 36 tenders and a share of 78.3% during May 2022, followed by Middle East and Africa with four tenders and an 8.7% share and North America with three tenders and a 6.5% share.

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Thermal is leading technology for generation equipment tenders in May 2022

Among the technologies, thermal accounted for 44 tenders with a 95.7% share, followed by solar with two tenders and a 4.3% 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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