Asia-Pacific generation equipment tenders activity down 37% in Q1 2020

There were 183 generation equipment tenders announced in the Asia-Pacific region in Q1 2020, marking a drop of 37% over the last 12-month average of 291, according to GlobalData’s power industry tenders database.

T&D Project stood at first place when compared with other power tender categories in the Asia-Pacific region in Q1 2020 with 737 tenders and a 49.9% share, followed by T&D Equipment with 335 tenders and a 22.7% share and Power Plant with 193 tenders and a 13.1% share during the quarter.

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

1. Supply & Erection: 148 tenders and an 80.9% share
2. Repair, Maintenance, Upgrade & Others: 35 tenders and a 19.1% share.

Thermal is top technology for Asia-Pacific generation equipment tenders in Q1 2020

Looking at generation equipment tenders by the type of technology in the Asia-Pacific region, thermal accounted for 171 tenders with a 93.4% share, followed by solar with nine tenders and a 4.9% share and hydro with two tenders and a 1.1% 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.