Oil and gas companies are making moves into the UK energy market.

T&D equipment contracts in May 2022 saw 28 contracts announced, marking a rise of 17% over the last 12-month average of 24, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 21 contracts and a 75% share
  2. Consulting & Similar Services: three contracts and a 10.7% share
  3. Project Implementation: two contracts and a 7.1% share
  4. Repair, Maintenance, Upgrade & Others: two contracts and a 7.1% share.

Europe leads T&D equipment activity in May 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 85.7% during May 2022, followed by Asia-Pacific with three contracts and a 10.7% share and South and Central America with one contract and a 3.6% share.

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

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Among the technologies, wind accounted for two contracts with a 66.7% share, followed by hydro with one contract and a 33.3% 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.