German PV machinery manufacturers record rising order intake
Post date: 04/12/2020 - 11:25
German manufacturers of solar equipment announced increasing incoming orders in Q3 2020, according to the industry association VDMA Photovoltaik Produktionsmittel. Incoming orders in the third quarter reached the level of the beginning of the year. This trend followed that of the entire mechanical and plant engineering sector.
The current sales trend also points to a recovery. A sales increase of more than 40 percent was achieved in the third quarter. For the fourth quarter »a stabilization of total sales« is expected. »There is hope for a lasting recovery in the photovoltaic machinery and plant engineering sector,« says Jutta Trube, Head of VDMA Photovoltaic Production Equipment.
The Asian market reached a share of 62 percent and is thus in the range of the same quarter of the previous year. Domestic sales in the third quarter fell from 21 to four percent year-on-year, while sales in America increased from seven to 28 percent. Demand from Asia increased again significantly in the third quarter. Incoming orders from Asia rose from 45 percent in the second quarter to 90 percent in the third quarter. China is currently the most important export market for German PV machinery manufacturers. In addition to China, however, more and more projects were also being realized in Malaysia.