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  1. Market Data
March 19, 2021

T&D equipment contracts down 55% in February 2021

By Amit Sharma

T&D equipment contracts in February 2021 saw 22 contracts announced, marking a drop of 55% over the last 12-month average of 49, 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: 14 contracts and a 63.6% share
  2. Project Implementation: seven contracts and a 31.8% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 4.5% share.

Europe leads T&D equipment activity in February 2021

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 11 contracts and a share of 50% during February 2021, followed by Asia-Pacific with four contracts and an 18.2% share and Middle East and Africa with three contracts and a 13.6% share.

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Wind is leading technology for T&D equipment contracts in February 2021

Among the technologies, wind accounted for six contracts with a 66.7% share, followed by solar with two contracts and a 22.2% share and thermal with one contract and an 11.1% 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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