Generation equipment tenders down 33% in Q1 2020

Generation equipment tenders in Q1 2020 saw 385 tenders announced, marking a drop of 33% over the last four-quarter average of 573, according to GlobalData’s power industry tenders database.

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

1. Supply & Erection: 267 tenders and a 69.4% share
2. Repair, Maintenance, Upgrade & Others: 114 tenders and a 29.6% share
3. Consulting & Similar Services: three tenders and a 0.8% share
4. Project Implementation: one tender and a 0.3% share.

Asia-Pacific leads generation equipment activity in Q1 2020

Comparing tenders activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 183 tenders and a share of 47.5% during Q1 2020, followed by North America with 159 tenders and a 41.3% share and Europe with 30 tenders and a 7.8% share.

Thermal is leading technology for generation equipment tenders in Q1 2020

Among the technologies, thermal accounted for 354 tenders with a 92.4% share, followed by solar with 19 tenders and a 5% share and hydro with five tenders and a 1.3% 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.