Sales and incoming orders of German PV machine manufacturers increased in Q3

German manufacturers of solar equipment closed the third quarter of 2019 with a 12 percent increase in sales compared to the previous quarter, while incoming orders rose by 26 percent. The sales expectations of the machine and plant manufacturers for Q4 2019 are, however, »very cautious«, according to the industry association VDMA Photovoltaik Produktionsmittel. Equipment manufacturers are forecasting sales to decline by 18 percent compared with the previous quarter.
The export ratio reached a record of 98 percent. The export share to America increased by 15 percentage points to 30 percent. The Asian market has an export share of 60 percent, which represents a reduction of seven percentage points compared with the previous quarter. »The breakdown of total sales within Asia showed an increasingly strong Malaysian market,« says the VDMA.
The shares of machinery (plus 5 percentage points) and equipment (plus 10 percentage points) increased, while the share of components fell by 16 percentage points compared with the previous quarter. In the third quarter of 2019, sales of production equipment for cells increased by more than 20 percentage points.

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