German PV equipment providers report dropping order intake

Share

In the first quarter of 2018, the investment activity of PV manufacturers in new production equipment was rather subdued, according to a new report from the German Engineering Federation (Verband Deutscher Maschinen- und Anlagenbau, or VDMA).

Aggregate revenues have fallen 48% compared to the previous quarter, the association said on Tuesday. Compared to the same quarter in the previous year, however, turnover was 48% higher. Order books also continue to be well filled, VDMA said, with the book-to-bill ratio at 0:4 in the first quarter of 2018. The export rate, meanwhile, was 93%.

“The high level of investment by solar cell manufacturers in the expansion of existing and new production capacities is decreasing, but production is still running at full capacity,” explains Peter Fath, Managing Director of RCT Solutions GmbH and Chairman of the Board of VDMA Photovoltaik Produktionsmittel.

“We also observe a reduction in equipment prices. New orders were increasingly received for PERC and Black Silicon plants in crystalline silicon as well as in the thin-film sector. We see a trend to implement new production techniques in the form of upgrades to existing production lines,” he added.

Overall, order intake declined by 51% compared to the fourth quarter of 2017. Regionally, most orders are coming from Asia, which account for 75% of the total. Of this, only around half come from China.

“The orders from Asia now show a broader diversification into various Asian countries. Especially the high proportion of equipment for the production of thin-film modules shows that German production equipment is in demand,” said Jutta Trube, Head of VDMA Photovoltaik Produktionsmittel. Around 16% of new orders came from Germany in the first quarter.

The main PV suppliers continue to be located in Asia, with 86% in East Asia, 40% in China; and 7% in Taiwan. Germany is also responsible for a 7% share of sales in the first quarter of 2018 and, thus, is clearly ahead of the rest of Europe (4%) and America (3%).

In terms of technologies, thin film PV continued to be particularly in demand at the beginning of the year, with approximately 61% of sales being attributable to this segment, followed by cell production equipment, which accounted for 32% of total sales.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Batteries set to drive rapid solar growth
25 December 2024 Chemical battery storage, led by lithium, has made such significant strides in terms of cost, capacity and technology that batteries are now positione...