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  1. Market Data
April 11, 2022

Generation equipment tenders down 83% in Q1 2022

By Carmen

Generation equipment tenders in Q1 2022 saw 79 tenders announced, marking a drop of 83% over the last four-quarter average of 462, according to GlobalData’s power industry tenders database.

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

  1. Supply & Erection: 52 tenders and a 65.8% share
  2. Repair, Maintenance, Upgrade & Others: 26 tenders and a 32.9% share
  3. Consulting & Similar Services: one tender and a 1.3% share.

North America leads generation equipment activity in Q1 2022

Comparing tenders activity in generation equipment segment in different regions of the globe, North America held the top position with 51 tenders and a share of 64.6% during Q1 2022, followed by Europe with 17 tenders and a 21.5% share and Asia-Pacific with seven tenders and an 8.9% share.

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Thermal is leading technology for generation equipment tenders in Q1 2022

Among the technologies, thermal accounted for 68 tenders with an 86.1% share, followed by solar with ten tenders and a 12.7% share and wind with one tender and a 1.3% 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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