Global power industry tenders for Q3 2019 down 12%

6 December 2019 (Last Updated December 6th, 2019 10:34)

Global power industry tenders for Q3 2019 down 12%

Power industry tenders activity in Q3 2019 saw 2,642 tenders announced, marking a drop of 12% over the last four-quarter average of 3,015, according to GlobalData’s power database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Power industry tenders in Q3 2019: Asia-Pacific leads global activity

On comparing tenders activity in different regions of the globe, Asia-Pacific held the top position with 1,743 tenders and a share of 66% during Q3 2019, followed by Middle East and Africa with 505 tenders and a 19.1% share and Europe with 202 tenders and a 7.6% share.

In fourth place was North America with 181 tenders and a 6.9% share and in fifth place was South and Central America with 11 tenders and a 0.4% share.

On the basis of the last four-quarter average, Asia-Pacific held a lead over others with 1,812 tenders, followed by North America with 484.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Thermal tops by technology in Q3 2019

Looking at tenders by the type of technology, thermal accounted for the largest proportion with 396 tenders and a 47.9% share, followed by solar with 314 tenders and a 38% share and hydro with 46 tenders and a 5.6% share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Project was the most popular segment in global power tenders activity during Q3 2019, with 1,123 tenders, followed by T&D Equipment (719) and Generation Equipment (400).

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

  1. Project Implementation: 1,078 tenders and a 40.8% share
  2. Supply & Erection: 943 tenders and a 35.7% share
  3. Repair, Maintenance, Upgrade & Others: 538 tenders and a 20.4% share
  4. Consulting & Similar Services: 38 tenders and a 1.4% share
  5. Electricity Supply: 24 tenders and a 0.9% share
  6. Power Purchase Agreement: 21 tenders and a 0.8% share.

Power tenders in Q3 2019: Top companies by capacity

The top issuers of tenders for the quarter in terms of power capacity involved were:

  1. Solar Energy Corporation of India (India): 4,272.52MW from six tenders
  2. Connecticut Department of Energy and Environmental Protection (United States): 4,000MW from two tenders
  3. Manila Electric (Philippines): 2,900MW capacity from three tenders.

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.