Hanwha Q Cells Co., Ltd., one of the largest solar cell and module manufacturers in the world, achieved top market share in Germany’s solar module market in 2018, according to the survey, Global PV InstallerMonitor 2018/2019 by EuPD Research.
According to the International Energy Agency (IEA), Germany’s electricity production from solar energy accounted for 6.1% of the total electricity generation in 2017, while electricity production from renewable sources reached 33.6%.
In 2018, renewables overtook coal to become Germany’s main energy source, supplying just over 40% of electricity production according to research from Fraunhofer.
A growing trend helping to drive Germany’s energy transition (the Energiewende, which is targeting 65% renewable energy share by 2030) is rising demand for high-efficiency products – especially in the residential and commercial solar energy market.
Equally, the market for self-consumption, rather than actual electricity consumption, is expanding, because solar energy is more economical than coal or gas power generation.
Hanwha Q Cells says it has strengthened its market dominance based on high-efficiency premium solar modules and solutions that boast excellent product performance and meet the high quality demands of the German solar market.
For many years, the firm has supplied high efficiency premium solar modules based on its proprietary Q.ANTUM technology, which improves the power output and long-term stability of its solar products while meeting the stringent purchasing standards of typical German consumers.
It has also introduced the Q.HOME: a total energy solution for the residential market that combines all of the necessary energy management functions for the household, including energy storage.
In the commercial and industrial (C&I) space, Hanwha Q Cells’ Q.FLAT is a solution that helps to reduce installation time and cost, thus providing a convenient and cost-effective solution to C&I and some residential customers.
Meanwhile, according to the U.S. PV Leaderboard report released by global energy consulting firm Wood Mackenzie Power & Renewables in December 2018, Hanwha Q Cells achieved the top market share in the U.S. residential solar market in the third quarter of 2018. It also captured top market share in Japan in 2017.