Demand for European-made PV production equipment jumped by 62% in Q2 2022, with European orders surpassing those from Asian countries for the first time, according to research by engineering industry association VDMA.
European manufacturers saw sales of their PV engineering systems rise 62% on Q1, with sales in Europe soaring by a factor of four. Similarly, European orders received in the first two quarters of 2022 have already exceeded the value of total European orders in 2021. And VDMA is expecting this sales growth to continue into Q3.
A third of sales are attributable to systems for module production, said VDMA, which has been compiling such statistics since 2008.
“In the past, the Asian market was the largest for German PV production machines and system manufacturers, but orders in Europe have increased since the first quarter of 2022 and are expected to continue to increase,” said Jutta Trube, VDMA’s department head for Photovoltaic Production Equipment.
“Generally we expect to continue to see strong demand as various countries show increasing interest in new local PV production.”
Indeed, Europe, like the US and India, has been very explicit in its desire to establish a regional PV manufacturing base. However, while the US’s Inflation Reduction Act (IRA) looks set to turbocharge solar manufacturing and with India aiming to add 65GW of PV module manufacturing capacity through an extended incentive scheme, Europe is yet to announce a production strategy as coherent and well funded.
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