The latest figures from global microelectronics industry body SEMI suggest a stumbling recovery for PV equipment suppliers worldwide.
According to SEMI’s latest analysis, PV equipment bookings and billings both fell in between the second and third quarters of 2014.
Billings decreased to US$264 million in Q3, up 36% on the same quarter last year but down 17% on Q2.
Third quarter bookings, meanwhile, stood at US$157 million, 71% higher than Q3 2013 but down 33% on Q2 2014.
The quarterly book-to-bill ratio remained below parity at 0.6. Since the beginning of 2012, the book-to-bill ratio has only been above 1 once – in the first quarter of 2014.
SEMI noted that Q3 2014 equipment billings fell in all regions except Europe, though Asia is still the largest regional market with more than 80% of total PV equipment billings.