Orders for German machinery jump as global PV makers pursue growth

Date : 2016-04-14  | From : seenews

German suppliers of photovoltaics (PV) manufacturing equipment saw order intake in the fourth quarter (Q4) of 2015 jump by 170% year-on-year as solar firms are proceeding with expansions and technological upgrades.

Asian customers accounted for 68% of all orders, while the US and Germany follow with shares of 18% and 11%, the German Engineering Federation (VDMA) said on Tuesday. The rest of Europe fetched 3% of the total volume.

The Q4 revenues for German PV production machinery makers rose by 86% year-over-year and by 44% quarter-over-quarter. East Asia was responsible for 59% of the sales, the USA for nearly 21%, Germany for 17% and the rest of Europe for 5%.

In total, 85% of revenues for the German companies came from abroad.

In terms of technology, PV cell production equipment remained the number-one source of revenue in 2015, says VDMA, with a share of 52%, followed by thin films with 21% of revenues and crystalline backend-module production brought 14%. The remaining 13% came from polysilicon, ingots and wafer production machinery.