Generation equipment tenders down 10% in Q4 2019

11 January 2020 (Last Updated January 9th, 2020 07:42)

Generation equipment tenders down 10% in Q4 2019

Generation equipment tenders in Q4 2019 saw 534 tenders announced, marking a drop of 10% over the last four-quarter average of 592, 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: 361 tenders and a 67.6% share
  2. Repair, Maintenance, Upgrade & Others: 168 tenders and a 31.5% share
  3. Consulting & Similar Services: five tenders and a 0.9% share.

Asia-Pacific leads generation equipment activity in Q4 2019

Comparing tenders activity in generation equipment segment in different regions of the globe, Asia-Pacific held the top position with 277 tenders and a share of 51.9% during Q4 2019, followed by North America with 165 tenders and a 30.9% share and Europe with 56 tenders and a 10.5% share.

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Thermal is leading technology for generation equipment tenders in Q4 2019

Among the technologies, thermal accounted for 471 tenders with an 89% share, followed by solar with 27 tenders and a 5.1% share and hydro with 14 tenders and a 2.6% 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.