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April 11, 2022

Smart grid tenders down 72% in Q1 2022

By Carmen

Smart grid tenders in Q1 2022 saw 28 tenders announced, marking a drop of 72% over the last four-quarter average of 100, according to GlobalData’s power industry tenders database.

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

  1. Supply & Erection: 25 tenders and an 89.3% share
  2. Repair, Maintenance, Upgrade & Others: two tenders and a 7.1% share
  3. Project Implementation: one tender and a 3.6% share.

Asia-Pacific leads smart grid activity in Q1 2022

Comparing tenders activity in smart grid segment in different regions of the globe, Asia-Pacific held the top position with ten tenders and a share of 35.7% during Q1 2022, followed by Middle East and Africa with seven tenders and a 25% share and Europe with six tenders and a 21.4% share.

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Solar is leading technology for smart grid tenders in Q1 2022

Among the technologies, solar accounted for one tender with a 100% share.

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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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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