Solar Panel Recycling Management Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Solar Panel Recycling Management Market: Overview
The global solar panel recycling management market is prophesied to be bolstered for a strong growth in future with the increasing adoption of processes such as mechanical. The mechanical process could attract a handsome share for solar panel recycling management on the back of its proven safety and the rising installation of polycrystalline panels. Although laser technology is still operating at a nascent stage, the share of laser processes is anticipated to witness a telling increase in the coming years. The thermal process, on the other hand, could slightly fall short of matching the growth pace of other processes. However, with the reducing silicon content in panels, the demand for thermal process is expected to recoup.
The global solar panel recycling management market is predicted to gain from the growth of products such as polycrystalline cells riding on the magnifying focus on the adoption of clean energy in developed nations. Polycrystalline cells are known for their high battery memory properties and significant efficiency. Other products such as thin film photovoltaic (PV) cells could also contribute toward the growth of the market because of their surged adoption subject to advantages such as longer shelf life, superior quality, and economic prices.
One of the trends foreseen to continue in the competitive landscape of the global solar panel recycling management market is the increment of stakes in other companies. This could be proved with Sunvault Energy’s purchase of an approximate 50.0% stake in Canadian waste-to-energy firm, CleanGen in 2015.
Global Solar Panel Recycling Management Market: Snapshot
The growing demand for sustainable energy has created a dire need for solar panels as commercial, non-commercial, and industrial units are turning their heads toward tapping solar energy. This has spiked the demand and uptake of solar panels in recent years. Furthermore, increasing number of government incentives for installing solar panels to use non-conventional sources of energy has also triggered the demand for solar panels. The impact of these factors can also be seen on units that upgrading their facilities with new and improved panels that come with better technology and deliver higher performance. However, this has resulted in an urgent need for recycling of old panels for ensuring effective waste disposal and reducing the carbon emissions, giving birth and boost to the global solar panel recycling management market.
Global Solar Panel Recycling Management Market: Key Trends
Directives such as the Waste Electrical and Electronic Equipment (WEEE) Directive 2012/19/EU, announced in 2012, stated that manufacturers of PV systems must take the responsibility of recycling decommissioned systems and ensuring their effective disposal. Thus, stringent regulatory framework governing installation and decommissioning of solar panels is expected to boost the recycling management market in the near future. Furthermore, growing investments to reduce the pressure on landfills and cutting down on carbon footprint have also led to the rise of this market.
Global Solar Panel Recycling Management Market: Market Potential
Though the solar industry is at a nascent stage, manufacturers of components are taking up the responsibility of recycling seriously. Solar panel manufacturers have continuously focused on delivering improved versions as needs and consumption patterns have undergone drastic changes. The popularly used process for recycling solar panels is a thermal process and mechanical process. Hellatron Recycling, an Italian firm that delivers innovative recycling solutions, states that demand for solar panels is expected to grow exponentially over the years. Thus, it will be crucial to collaborate with users to work on the best possible solutions for recycling solar panels.
Currently, the company focuses on mechanical processes, which delaminates the panels, salvages glass material, and then cut the panel into thinner stripes. The key advantage of using mechanical process is that it is devoid of chemicals, which translates into lesser contamination due to chemicals. The popularity of mechanical processes is also on the rise due to their ability to reduce emissions in the long run. The company is a market leading in complying with the WEEE norms that have been established for the sector.
Global Solar Panel Recycling Management Market: Regional Outlook
In terms of geography, the global solar panel recycling management market is segmented into North America, Latin America, the Middle East and Africa, and Asia Pacific. Presently, North America leads the pack due to growing awareness about solar panel recycling in the U.S. This regional market is also being driven by growing number of solar farms in the regions that are projected to undergo upgradation in the near future. Developing nations in Latin America and Asia Pacific are expected to steady growth too as they work towards being self-reliant in terms of energy resources in the near future.
Key Players Mentioned in the Report are:
The leading players operating in the global solar panel recycling management market are Envaris, ECS Refining, REMA PV Systems, Eiki Shoji Ltd, Darfon Electronics Corporation, Chaoqiang Silicon Material, Rinovasol, PV Recycling, LLC, Suzhou Shangyunda Electronics, Silcontel, Cellnex Energy, IG Solar Private, Reiling Glass Recycling, Canadian Solar, and First Solar.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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