Worldwide bookings and billings for photovoltaic (PV) manufacturing equipment declined sequentially in the third quarter, the SEMI trade association reported.
PV equipment billings for the quarter totaled $264 million, down 17 percent from the second quarter, but up 36 percent from the third quarter of 2013, SEMI said. Bookings were $157 million, down 33 percent from the second quarter but up 71 percent compared to the third quarter of 2013, SEMI said.
The book-to-bill ratio for PV equipment in the third quarter was 0.60, well below parity, SEMI said. The book-to-bill ratio for PV equipment has been below parity since the first quarter of this year, according to SEMI.
PV equipment books declined in the third quarter in all regions except Europe, SEMI said. Asia remains the largest regional market with more than 80 percent of total PV equipment billings, SEMI said.
The worldwide PV equipment billings and bookings data is gathered jointly by SEMI and the German Engineering Federation from roughly 40 global equipment companies that provide data on a quarterly basis, SEMI said.