Thermal technology contracts activity in Q1 2022 saw 57 contracts announced, marking a drop of 39% over the last four-quarter average of 94, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Gas was the top category in thermal technology in terms of number of contracts for the quarter, accounting for 39 contracts and a 70.9% share, followed by Coal with 11 contracts and a 20% share. Oil stood in third place with five contracts and a 9.1% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

    How well do you really know your competitors?

    Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

    Company Profile – free sample

    Thank you!

    Your download email will arrive shortly

    Not ready to buy yet? Download a free sample

    We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

    By GlobalData
    Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during Q1 2022 with an 8.8% share.

The proportion of contracts by category in the Thermal technology tracked by GlobalData in the quarter was as follows:

  1. Project Implementation: 18 contracts and a 31.6% share
  2. Supply & Erection: 16 contracts and a 28.1% share
  3. Repair, Maintenance, Upgrade & Others: ten contracts and a 17.5% share
  4. Consulting & Similar Services: nine contracts and a 15.8% share
  5. Electricity Supply: two contracts and a 3.5% share
  6. Power Purchase Agreement: two contracts and a 3.5% share.

Asia-Pacific leads thermal contracts activity in Q1 2022

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 28 contracts and a share of 49.1% during Q1 2022, followed by Europe with 12 contracts and a 21.1% share and North America with nine contracts and a 15.8% share.

In fourth place was Middle East and Africa with five contracts and an 8.8% share and in fifth place was South and Central America with three contracts and a 5.3% share.

Thermal technology contracts in Q1 2022: Top companies by capacity

The top issuers of contracts in Thermal technology for the quarter in terms of power capacity involved were:

  1. Comision Federal de Electricidad (Mexico): 1,500MW from one contract
  2. Hoosier Energy Rural Electric Cooperative (United States): 1,000MW from one contract
  3. Huaihe Energy Holding Group (China): 900MW capacity from one contract.

Thermal technology contracts in Q1 2022: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. China Power Engineering Consulting Group (China): 3,157MW from five contracts
  2. Tecnicas Reunidas (Spain) and TSK Group (Spain): 1,500MW from one contract
  3. Hallador Energy (United States): 1,000MW capacity from one contract.

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.