Recognized in the US residential and commercial market
Proving brand power with unrivaled technology and quality
[일렉트릭파워 배상훈 기자]Hanwha Q CELLS (President Hee-cheol Kim) achieved the No. 1 market share in the US residential and commercial solar module market in the third quarter of this year.
According to a survey recently released by Wood Mackenzie, a global energy consulting organization, Hanwha Q CELLS recorded a 27.4% share in the US residential solar module market in the third quarter. Then, it reached No. 1 for 9 consecutive quarters.
In the US commercial solar module market, it recorded 22.2% market share in the third quarter. It remained at the top for the fourth consecutive quarter.
Despite the aftermath of Corona 19, the amount of residential solar facilities installed in the third quarter of the US was similar to the previous year. According to the Wood McKinsey report, the market size in the third quarter of this year is about 738MW. This was similar to the market size in the third quarter of 2019.
The total amount of installation has rather increased. Bloomberg New Energy Finance, a market research firm, also revealed that the number of residential solar installations in the U.S. installed until July of this year increased by 21% compared to the same period in 2019.
Hanwha Q CELLS products meet US consumer standards through thorough quality control. Products released through quality tests that are 2 to 3 times the international standard quality standards boast stability and performance.
Last month, it was the first in the industry to be certified in the quality inspection of new solar modules by TUV Rheinland, a global verification agency. In this inspection, module long-term reliability evaluation, field sampling inspection, and raw and subsidiary materials inspection were conducted.
The product line that obtained certification in the evaluation of new modules is the Q.PEAK DUO series, which Hanwha Q CELLS launched this year. This product is a key product line that enables us to achieve the No. 1 market share of solar modules in advanced energy markets such as the United States, Germany, and Japan. It is also actively sold in Korea.
QPeak Duo applied Q.ANTUM DUO Z technology. In addition, by removing the space between cells and placing more cells in the same area, the output significantly increased.
Hanwha Q CELLS President Kim Hee-cheol said, “The simultaneous achievement of No. 1 in the US residential and commercial markets that favor high-efficiency and high-quality products demonstrates the brand power of Hanwha Q Cells.”
He said, “Based on Hanwha Q CELLS’ unrivaled technology and quality, we will spur the US premium solar market.”
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