T&D project tenders down 36% in Q2 2020

16 August 2020 (Last Updated August 14th, 2020 08:41)

T&D project tenders down 36% in Q2 2020

T&D project tenders in Q2 2020 saw 709 tenders announced, marking a drop of 36% over the last four-quarter average of 1,110, 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. Project Implementation: 484 tenders and a 68.3% share
  2. Repair, Maintenance, Upgrade & Others: 202 tenders and a 28.5% share
  3. Consulting & Similar Services: 23 tenders and a 3.2% share.

Asia-Pacific leads T&D project activity in Q2 2020

Comparing tenders activity in T&D project segment in different regions of the globe, Asia-Pacific held the top position with 593 tenders and a share of 83.6% during Q2 2020, followed by Europe with 70 tenders and a 9.9% share and Middle East and Africa with 23 tenders and a 3.2% share.

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Solar is leading technology for T&D project tenders in Q2 2020

Among the technologies, solar accounted for four tenders with a 66.7% share, followed by thermal with one tender and a 16.7% share and wind with one tender and a 16.7% 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.