Generation equipment tenders up 14% in Q3 2020

31 October 2020 (Last Updated October 27th, 2020 12:51)

Generation equipment tenders up 14% in Q3 2020

Generation equipment tenders in Q3 2020 saw 521 tenders announced, marking a rise of 14% over the last four-quarter average of 457, 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: 337 tenders and a 64.7% share
  2. Repair, Maintenance, Upgrade & Others: 182 tenders and a 34.9% share
  3. Consulting & Similar Services: one tender and a 0.2% share
  4. Project Implementation: one tender and a 0.2% share.

North America leads generation equipment activity in Q3 2020

Comparing tenders activity in generation equipment segment in different regions of the globe, North America held the top position with 307 tenders and a share of 58.9% during Q3 2020, followed by Asia-Pacific with 113 tenders and a 21.7% share and Europe with 51 tenders and a 9.8% share.

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Thermal is leading technology for generation equipment tenders in Q3 2020

Among the technologies, thermal accounted for 464 tenders with an 88.4% share, followed by solar with 35 tenders and a 6.7% share and nuclear with 12 tenders and a 2.3% 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.