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April 11, 2022

Smart grid contracts down 16% in Q1 2022

By Carmen

Smart grid contracts in Q1 2022 saw 31 contracts announced, marking a drop of 16% over the last four-quarter average of 37, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 29 contracts and a 93.5% share
  2. Project Implementation: two contracts and a 6.5% share.

North America leads smart grid activity in Q1 2022

Comparing contracts activity in smart grid segment in different regions of the globe, North America held the top position with 13 contracts and a share of 41.9% during Q1 2022, followed by Europe with nine contracts and a 29% share and Asia-Pacific with four contracts and a 12.9% share.

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Solar is leading technology for smart grid contracts in Q1 2022

Among the technologies, solar accounted for four contracts with an 80% share, followed by hydro with one contract and a 20% share.

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.

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Free Report
img

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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