PV equipment spend plunged in 2012

The wave of consolidation washing across PV manufacturers is hitting their equipment suppliers just as hard, with major consequences for the direction and pace of the industry’s mid-term technological development.

Even the strongest production-equipment suppliers have seen their order books decimated as customers across the crystalline silicon (c-Si) and thin-film supply chains close their wallets in an attempt to weather the ongoing capacity glut.

Spending on the machines that PV manufacturers use to turn out their product – from ingots to modules – plummeted to $3.6bn in 2012, from a record-high $12.9bn the year prior, according to market researcher NPD Solarbuzz.

Spending is forecast to fall even further to $2.2bn in 2013, a level not seen since 2006 – a different Log in to read complete article.

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