Hanwha Q Cells has achieved the top market share in the U.S. solar energy module market in the first half of this year.
According to a recent survey released by Wood Mackenzie, a global energy consulting firm, Hanwha Q Cells topped the U.S. residential solar module market for the eighth consecutive quarter with a 22 percent share in the first half.
In addition, in the U.S. commercial solar module market, the market share was 21.5 percent in the first half, up 8.4 percentage points from the annual market share recorded by Hanwha Q Cells last year, maintaining its No. 1 position in the market.
The U.S. residential solar energy market has grown by 15 percent year-on-year, with 2.8 GW (Gigawatt) installed annually as of 2019. In particular, the solar energy market continues to grow in the western part of the country with long daylight hours.
California's state government has mandated the installation of solar energy in new homes since 2020, which is expected to result in an additional demand of 1GW or more for new homes in California from 2020 to 2024.
The installment in the U.S. commercial solar energy market also came to 2GW per year as of 2019, and steady demand is expected to be around 2GW per year in the future.
"The simultaneous top spot in the U.S. residential and commercial markets that prefer high-efficiency and high-quality products showed Hanwha Q Cells' brand power," said Kim Hee-chul, CEO of Hanwha Q Cells. "We will step up efforts to tap the U.S. premium solar energy market based on Hanwha Q Cells' unique technology and quality."