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July 14, 2022

Global power industry tenders in Q2 2022: Thermal technology down 68%

By Carmen

Thermal technology tenders activity in Q2 2022 saw 114 tenders announced, marking a drop of 68% over the last four-quarter average of 355, 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 quarter, accounting for 109 tenders and a 97.3% share, followed by Gas with two tenders and a 1.8% share. Coal stood in third place with one tender and a 0.9% 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 Q2 2022 with a 61.3% share.

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

  1. Supply & Erection: 94 tenders and an 82.5% share
  2. Repair, Maintenance, Upgrade & Others: 16 tenders and a 14% share
  3. Project Implementation: four tenders and a 3.5% share.

Asia-Pacific leads thermal tenders activity in Q2 2022

Comparing tenders activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 89 tenders and a share of 78.1% during Q2 2022, followed by Europe with 12 tenders and a 10.5% share and Middle East and Africa with seven tenders and a 6.1% share.

In fourth place was North America with six tenders and a 5.3% share.

Thermal technology tenders in Q2 2022: Top companies by capacity

The top issuer of tenders in Thermal technology for the quarter 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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