Thin Film Equipment Leads Sales For German Producers

VDMA Reports 21% Sequential Improvement In Incoming Orders For German Solar PV Equipment Makers In Q1/2019 Which Proves ‘So-Called 5-31 Shock’ Has Been Overcome
09:43 AM (Beijing Time) - 11. July 2019
Artikelbild-shutterstock_1071423911-PNG

According to VDMA, thin film PV technology contributed 62% of total sales of Germany PV production equipment makers in Q1/2019, followed by 37% coming from equipment for cell production while sales for modules and wafer production equipment were below 1% each. (Photo Credit: VDMA)

Key Takeaways

  • German solar PV equipment makers improved their incoming orders during Q1/2019 by 21% sequentially even as this includes orders for replacement or retrofits
  • VDMA says export quota of PV equipment is at a record level of almost 99%, which is almost 13 percentage points higher than at the beginning of last year
  • As opposed to expectations of the German mechanical engineers, sales for locally manufactured PV production equipment were 14% more, however it couldn’t reach the level of the prior-year quarter (minus 14%)
  • Within Asia, Germany is diversifying its market base as China accounted for 43% of total sales but Vietnam took over from Taiwan as the second-largest market with 31% share of sales

German Engineering Federation VDMA says incoming orders for German solar PV equipment makers in Q1/2019 increased 21% on sequential basis which includes replacement or retrofits, along with investment in new equipment. Yet it shows that the ‘so-called “5-31 shock” has now been overcome’.

The export quota of photovoltaic equipment is at a record level of almost 99%, which is almost 13% points higher than at the beginning of last year, stated VDMA.

During the reporting period, sales for Germany made solar PV equipment was 14% more than what the mechanical engineers expected to sell, said VDMA, but it couldn’t reach the level of the prior-year quarter (minus 14%).

Peter Fath, Managing Director of RCT Solutions GmbH & Chairman of the Board of VDMA Photovoltaic equipment  said PERC and heterojunction technologies are also equally important.

Segment wise, thin film PV technology contributed 62% of the total sales during the first quarter of the year, followed by 37% coming from equipment for cell production. Sales for modules and wafer production equipment were below 1% each.

Even as China continues to lead sales for German manufacturers with 43% out of 80% of all sales in Q1/2019 coming from Asia, the market is getting diversified. The period saw Vietnam replacing Taiwan as the second-largest market with 31% share of sales.

Sales in America declined 2.7%. There was a 19% drop in incoming orders compared to the previous quarter. Sales within Europe improved 9.2% over the same period but the pan-European trend is opposed by lower domestic sales and lower domestic orders. VDMA’s PV members are hoping for a 6.3% improvement in sales in Europe.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

Write, follow the author.
Email

Anu Bhambhani