Generation equipment tenders down 12% in Q2 2020

16 August 2020 (Last Updated August 14th, 2020 08:40)

Generation equipment tenders down 12% in Q2 2020
Oil and gas companies are making moves into the UK energy market.

Generation equipment tenders in Q2 2020 saw 462 tenders announced, marking a drop of 12% over the last four-quarter average of 526, according to GlobalData’s power industry tenders database.

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

  1. Supply & Erection: 289 tenders and a 62.6% share
  2. Repair, Maintenance, Upgrade & Others: 167 tenders and a 36.1% share
  3. Consulting & Similar Services: four tenders and a 0.9% share
  4. Project Implementation: two tenders and a 0.4% share.

North America leads generation equipment activity in Q2 2020

Comparing tenders activity in generation equipment segment in different regions of the globe, North America held the top position with 249 tenders and a share of 53.9% during Q2 2020, followed by Asia-Pacific with 138 tenders and a 29.9% share and Europe with 59 tenders and a 12.8% share.

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Thermal is leading technology for generation equipment tenders in Q2 2020

Among the technologies, thermal accounted for 409 tenders with an 88.3% share, followed by solar with 30 tenders and a 6.5% share and hydro with 15 tenders and a 3.2% share.

Generation equipment tenders in Q2 2020: Top issuer by capacity

The top issuer of generation equipment tenders for the quarter in terms of power capacity involved was:Coordination SUD with 0.02MW from one tender.

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.