Generation equipment tenders down 45% in March 2020

20 April 2020 (Last Updated April 20th, 2020 14:28)

Generation equipment tenders down 45% in March 2020

Generation equipment tenders in March 2020 saw 102 tenders announced, marking a drop of 45% over the last 12-month average of 184, according to GlobalData’s power industry tenders database.

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

  1. Supply & Erection: 74 tenders and a 72.5% share
  2. Repair, Maintenance, Upgrade & Others: 28 tenders and a 27.5% share.

Asia-Pacific leads generation equipment activity in March 2020

Comparing tenders activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 54 tenders and a share of 52.9% during March 2020, followed by North America with 39 tenders and a 38.2% share and Europe with five tenders and a 4.9% share.

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Thermal is leading technology for generation equipment tenders in March 2020

Among the technologies, thermal accounted for 95 tenders with a 92.2% share, followed by solar with six tenders and a 5.8% share and wind with two tenders and a 1.9% 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.