Equipment book-to-bill falls back below parity

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PV equipment suppliers have been reporting happier times this year than in 2013, however the latest figures from SEMI and German engineering association (VDMA) don’t make for good reading.

Global billings increased quarter-over-quarter to $319 million, an increase on 33% from Q1 2014, but down 11% from the previous year.

The brief recovery of the book-to-bill ratio in Q1 2014 could be attributed to particularly weak billings in that quarter.

Bookings for Q2 2014 stand at $234 million, a 21% decrease from Q1 2014 but 25% higher on a year-on-year basis.

Positive signs for PV manufacturing in the U.S. continue to appear, arguably on the back of the ongoing Sino-U.S. solar trade dispute, however these gains were tempered by decreasing orders from Europe and Asia. Despite this, SEMI reports that Asia still represents almost 80% of global equipment bookings.