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

T&D equipment contracts in April 2022 saw 26 contracts announced, marking a rise of 8% 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: 16 contracts and a 61.5% share
  2. Project Implementation: six contracts and a 23.1% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and an 11.5% share
  4. Consulting & Similar Services: one contract and a 3.8% share.

Europe leads T&D equipment activity in April 2022

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 14 contracts and a share of 53.8% during April 2022, followed by Asia-Pacific with eight contracts and a 30.8% share and Middle East and Africa with two contracts and a 7.7% share.

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

Among the technologies, wind accounted for four contracts with a 57.1% share, followed by hydro with two contracts and a 28.6% share and thermal with one contract and a 14.3% 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.