T&D equipment contracts in Q1 2022 saw 48 contracts announced, marking a drop of 40% over the last four-quarter average of 80, 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: 35 contracts and a 72.9% share
  2. Project Implementation: nine contracts and an 18.8% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 6.3% share
  4. Consulting & Similar Services: one contract and a 2.1% share.

Europe leads T&D equipment activity in Q1 2022

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 24 contracts and a share of 50% during Q1 2022, followed by Middle East and Africa with 11 contracts and a 22.9% share and Asia-Pacific with eight contracts and a 16.7% share.

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Wind is leading technology for T&D equipment contracts in Q1 2022

Among the technologies, wind accounted for 12 contracts with a 63.2% share, followed by hydro with two contracts and a 10.5% share and solar with two contracts and a 10.5% 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.