German PV Equipment Revenues Grew In 9M/2018

China Contributed 52% To Total Sales For German PV Equipment Manufacturers in Third Quarter Of 2018; Cell Segment Experienced Strongest Sales: VDMA
07:38 PM (Beijing Time) - 14. December 2018
vdma q3-2018

While order intake for German PV equipment industry wasn’t as strong in Q3/2018 compared to previous quarter, the manufacturers saw their export ratio going up over last year and sequentially.

Key Takeaways

  • VDMA says East Asia accounted for 77% of total sales for German PV equipment producers in Q3/2018
  • Cell equipment took most of the sales with 48% share, followed by thin-film technology with 47% share
  • Export ratio of German PV suppliers reached a record 91% between July 2018 and September 2018
  • The industry body anticipates already planned investments in further production capacities in Asian countries as India, other than China, will be implemented in the next 12 months

East Asia continues to be the breadwinner for German PV equipment manufacturers, accounting for 77% of total sales in Q3/2018, with China representing 52%, followed by Europe with 10% and Germany with 9%. According to the statistics shared by German Engineering Federation VDMA, cell equipment showed strongest sales in the quarter with 48% of the total business, followed by production equipment for thin-film technology claiming 47% share.

Order intake for the German industry dropped by half in the reporting quarter when compared sequentially (see Thin-Film PV Helps German PV Equipment Makers). Of the registered orders, 64% came from Asia, 11% each from Europe and Germany and 10% from Americas.

The book to bill ratio for the companies was 0:7. The export ratio of German PV suppliers reached a record 91% between July 2018 and September 2018, it said. Overall, the first nine months of 2018 saw a 41% increase in sales compared with previous year.

In the light of China’s government pulling back subsidies for large scale PV plant deployment, German PV equipment manufacturers have been looking at diversifying their client base. India is one market they are eyeing as the government here wants to promote local manufacturing of solar products.

Investments in high-efficiency solar cell concepts will shift slightly as a result of the Chinese government’s so-called “531” announcement to limit photovoltaic expansion in China. However, the VDMA anticipates that already planned investments in further production capacities in other Asian countries will be implemented in the next 12 months,” said Managing Director of RCT Solutions GmbH and Chairman of the Executive Board of VDMA Photovoltaic Equipment, Dr Peter Fath. “In this context, the Indian government’s programme to build new production capacities is particularly noteworthy.”

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani