Asia-Pacific generation equipment tenders activity down 35% in Q4 2020

There were 118 generation equipment tenders announced in the Asia-Pacific region in Q4 2020, marking a drop of 35% over the last four-quarter average of 181, according to GlobalData’s power industry tenders database.

T&D Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in Q4 2020 with 371 tenders and a 37.2% share, followed by T&D Project with 278 tenders and a 27.9% share and Power Plant with 208 tenders and a 20.9% share during the quarter.

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

1. Supply & Erection: 100 tenders and an 84.7% share
2. Repair, Maintenance, Upgrade & Others: 18 tenders and a 15.3% share.

Thermal is top technology for Asia-Pacific generation equipment tenders in Q4 2020

Looking at generation equipment tenders by the type of technology in the Asia-Pacific region, thermal accounted for 95 tenders with an 80.5% share, followed by solar with 17 tenders and a 14.4% share and hydro with three tenders and a 2.5% 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.