Generation equipment tenders down 13% in February 2020

Generation equipment tenders in February 2020 saw 161 tenders announced, marking a drop of 13% over the last 12-month average of 186, according to GlobalData’s power industry tenders database.

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

1. Supply & Erection: 108 tenders and a 67.1% share
2. Repair, Maintenance, Upgrade & Others: 51 tenders and a 31.7% share
3. Consulting & Similar Services: two tenders and a 1.2% share.

Asia-Pacific leads generation equipment activity in February 2020

Comparing tenders activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 79 tenders and a share of 49.1% during February 2020, followed by North America with 63 tenders and a 39.1% share and Europe with 15 tenders and a 9.3% share.

Thermal is leading technology for generation equipment tenders in February 2020

Among the technologies, thermal accounted for 146 tenders with a 90.7% share, followed by solar with nine tenders and a 5.6% share and hydro with five tenders and a 3.1% 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.