PublicProcurementIceland Market

Geothermal dominance, volcanic terrain engineering, sustainable fisheries, and resilient transport systems strongly influence infrastructure decisions across this Nordic island economy.

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Total Open Value

$157.4M

Open Tenders

165

New Open Tenders (24h)

Total Forecasts

107

Currently available

Tenders Added

699

12.4%2026 vs 2025

Awards

73.4%2026 vs 2025

Awarded Funds

$2.6B

95.5%2026 vs 2025

Avg Award

$52.1M

79.9%2026 vs 2025

Iceland Geothermal Systems

National priorities heavily favor renewable heating networks, climate-adapted mobility, healthcare modernization, digital infrastructure, marine operations, and long-term resilience against harsh environmental conditions.

Top 10 Sectors

See which public procurement sectors generate the most tender activity in this market over the past 12 months. This view helps you compare where demand is strongest and which sectors play a larger role in procurement activity in Iceland.

Tender volume in the past 12 months

Sector Breakdown

Construction work174

CPV 45000000

Medical equipments, pharmaceuticals and personal care products68

CPV 33000000

Sewage, refuse, cleaning and environmental services58

CPV 90000000

Electrical machinery, apparatus, equipment and consumables; lighting50

CPV 31000000

Architectural, construction, engineering and inspection services49

CPV 71000000

Transport equipment and auxiliary products to transportation45

CPV 34000000

IT services: consulting, software development, Internet and support42

CPV 72000000

Transport services (excl. Waste transport)37

CPV 60000000

Repair and maintenance services36

CPV 50000000

Industrial machinery28

CPV 42000000

Use this sector breakdown to explore how procurement activity is distributed across the market in Iceland. The sector counts reflect tender volume, helping you spot where buyer demand is more concentrated and which categories may offer stronger opportunity.