SEMI is reporting that for Q3 2011, the world’s PV manufacturing equipment book-to-bill ratio fell to 0.35; the lowest level since data collection began in Q1 2010. SEMI noted that worldwide billings dropped 24% from the previous quarter to US$1.6 billion while worldwide bookings saw the dropping trend starting in Q1 2011 and fell another 70% for the quarter.
SEMI states that the decline in billings and bookings is a direct reflection of the overall “softening” in the global PV industry. The organization acknowledged that many PV manufacturers cancelled or put their capacity expansion plans on hold as market conditions and expectations for the next year have not been very promising.
It is expected that bookings will not see a noteworthy improvement in the next six months without policy adjustments in Europe, Japan and China. Additionally, credit markets and an enhanced economic growth must contribute to the bettering of current conditions.
The German Engineering Federation (VDMA) and SEMI jointly worked to gather worldwide equipment billings and booking data from nearly 50 global equipment companies that provide data on a quarterly basis.