Q CELLS has a big reason to be proud as we begin 2021! Wood Mackenzie Power & Renewables’ U.S. PV Leaderboard Q4 2020 report indicates that Q CELLS has retained its No.1 market share position across the U.S. residential and commercial segments.
The Q4 2020 report displays Q CELLS’ Q3 2020 residential market share as increasing to 27.4%, exactly 1 point above the previous quarter’s 26.4% market share. More notably, Q CELLS’ commercial market share increased over 70% quarter over quarter, topping the list at 22.2% for Q3, as compared with its 13% Q2 commercial market share.
The No.1 market share position for Q3 2020 marks Q CELLS’ ninth consecutive quarter of topping the residential module segment and third consecutive quarter of attaining No.1 positions in both residential and commercial segments.
These achievements are testament to Q CELLS’ consistent track record of excellence and commitment to quality in products and service. Moreover, the figures shed light on Q CELLS’ significant growth in the commercial space, coinciding with the company’s recent investment in C&I solar + storage solutions through the acquisition of Geli.
Reporter | Adam Bestrom
Affiliation | Assistant Manager, Marketing / Q CELLS North America