Korean PV module maker Hanwha Q CELLS claimed the top positions in both the residential and commercial module market in the US, according to Wood Mackenzie.
Wood Mackenzie Power & Renewables’ “U.S. PV Leaderboard” said the company took a 25.2% share in the US residential market, recording a steep increase from 2019’s 14.1%. The company also achieved a 13.3% share in the commercial market. With the achievements, now Hanwha Q CELLS became the first company that records over 25% market share in the US residential market.
“We send our sincerest gratitude to all our partners for this achievement and look forward to continue providing high-quality products to the market,” Q CELLS official social network account said on the achievement.
On the other hand, Wood Mackenzie recently released another eye-catching report: “Global solar PV tracker market share 2020.” According to the market share rankings by shipment from the report, US solar tracker supplier NEXTracker maintained the top position in 2019 with over a quarter global share, followed by Array Technologies (US), PV Hardware (Spain), Soltec (Spain), Arctech Solar (China), and STI Norland (Spain). NEXTracker took the top position in the ranking four years in a row. The top 10 suppliers claimed 88% of the market, the report said.
The US market absorbed 50% of the total shipment of trackers in 2019. Latin America was the second-largest tracker market in 2019, and Australia was the largest one in the Asia Pacific region.