Asia-Pacific generation equipment tenders activity down 48% in Q3 2020

31 October 2020 (Last Updated October 27th, 2020 12:54)

Asia-Pacific generation equipment tenders activity down 48% in Q3 2020
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There were 113 generation equipment tenders announced in the Asia-Pacific region in Q3 2020, marking a drop of 48% over the last 12-month average of 217, according to GlobalData’s power industry tenders database.

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T&D Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in Q3 2020 with 421 tenders and a 34.7% share, followed by T&D Project with 383 tenders and a 31.5% share and Power Plant with 261 tenders and a 21.5% share during the quarter.

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

  1. Supply & Erection: 68 tenders and a 60.2% share
  2. Repair, Maintenance, Upgrade & Others: 44 tenders and a 38.9% share
  3. Consulting & Similar Services: one tender and a 0.9% share.

Thermal is top technology for Asia-Pacific generation equipment tenders in Q3 2020

Looking at generation equipment tenders by the type of technology in the Asia-Pacific region, thermal accounted for 82 tenders with a 70.7% share, followed by solar with 18 tenders and a 15.5% share and hydro with eight tenders and a 6.9% share.

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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.