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June 22, 2022

Global power industry tenders in May 2022: Thermal technology down 58%

By Carmen

Thermal technology tenders activity in May 2022 saw 46 tenders announced, marking a drop of 58% over the last 12-month average of 110, according to GlobalData’s power industry tenders database.

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Oil was the top category in thermal technology in terms of number of tenders for the month, accounting for 45 tenders and a 97.8% share, followed by Coal with one tender and a 2.2% share.

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Looking at global power tenders activity divided by the type of technology, thermal held the top position in terms of number of tenders during May 2022 with a 76.7% share.

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

  1. Supply & Erection: 39 tenders and an 84.8% share
  2. Repair, Maintenance, Upgrade & Others: six tenders and a 13% share
  3. Project Implementation: one tender and a 2.2% share.

Asia-Pacific leads thermal tenders activity in May 2022

Comparing tenders activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 38 tenders and a share of 82.6% during May 2022, followed by Europe with three tenders and a 6.5% share and North America with three tenders and a 6.5% share.

In fourth place was Middle East and Africa with two tenders and a 4.3% share.

Thermal technology tenders in May 2022: Top companies by capacity

The top issuer of tenders in Thermal technology for the month in terms of power capacity involved was:Germany Trade And Invest (Germany) with 3.19MW from one tender.

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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