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  1. Market Data
July 15, 2021

North America smart grid tenders activity up 78% in Q2 2021

By Amit Sharma

There were 32 smart grid tenders announced in the North America region in Q2 2021, marking a rise of 78% over the last four-quarter average of 18, according to GlobalData’s power industry tenders database.

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How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
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T&D Equipment stood at first place when compared with other power tender categories in the North America region in Q2 2021 with 300 tenders and a 43% share, followed by Generation Equipment with 228 tenders and a 32.7% share and Power Plant with 49 tenders and a 7% share during the quarter.

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

  1. Supply & Erection: 17 tenders and a 53.1% share
  2. Repair, Maintenance, Upgrade & Others: nine tenders and a 28.1% share
  3. Project Implementation: four tenders and a 12.5% share
  4. Consulting & Similar Services: one tender and a 3.1% share
  5. Power Purchase Agreement: one tender and a 3.1% share.

Hydro is top technology for North America smart grid tenders in Q2 2021

Looking at smart grid tenders by the type of technology in the North America region, hydro accounted for three tenders with a 50% share, followed by solar with three tenders and a 50% share.

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North America smart grid tenders in Q2 2021: Top issuers by capacity

The top issuer of smart grid tenders for the quarter in terms of power capacity involved in North America was:Pennsylvania Department of Conservation and Natural Resources (United States) with 0.08MW 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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How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

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