Generation equipment tenders down 13% in Q4 2020

15 January 2021 (Last Updated January 15th, 2021 07:38)

Generation equipment tenders down 13% in Q4 2020

Generation equipment tenders in Q4 2020 saw 421 tenders announced, marking a drop of 13% over the last four-quarter average of 486, 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: 303 tenders and a 72% share
  2. Repair, Maintenance, Upgrade & Others: 117 tenders and a 27.8% share
  3. Consulting & Similar Services: one tender and a 0.2% share.

North America leads generation equipment activity in Q4 2020

Comparing tenders activity in generation equipment segment in different regions of the globe, North America held the top position with 222 tenders and a share of 52.7% during Q4 2020, followed by Asia-Pacific with 118 tenders and a 28% share and Middle East and Africa with 46 tenders and a 10.9% share.

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Thermal is leading technology for generation equipment tenders in Q4 2020

Among the technologies, thermal accounted for 357 tenders with an 84.6% share, followed by solar with 45 tenders and a 10.7% share and hydro with eight 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.