Solar Panel Recycling Management Market Estimated to Experience a Hike in Growth by 2017 – 2025

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Global Solar Panel Recycling Management Market Report by TMR Research

According to the latest market intelligence report by TMRR, the global market size of keyword pegged US$ xx Mn/Bn in 2018 with a CAGR of xx%, and is spectated to register US$ xx Mn/Bn by the end of 2029 with a CAGR of xx% from 2018 to 2029.

The present scenario of the keyword market is elaborated in terms of volume (x units), value (Mn/Bn USD), production, and consumption. The report scrutinizes the market into various segments, end uses, regions and players on the basis of demand pattern, and future prospect.

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Vital insights in the keyword market research:

  • General information regarding the keyword, including definition, classification and uses.
  • SWOT analysis to help readers understand the behavior of each keyword vendor.
  • Adoption pattern of keyword across key regions.
  • Solar Panel Recycling Management market segmentation on the basis of product type, and end use industry alongwith respective market share.
  • Innovative manufacturing techniques implemented by keyword vendors in brief.

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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. 

The keyword market research also takes into account the important countries that hold significant share in the respective regions.

The keyword market research gets rid of the following queries:

  1. How many units is the keyword market expected to produce in 2019?
  2. Why are the keyword market players focusing on region for better market footprint?
  3. What are the applications of keyword in end use industry?
  4. Which version of keyword is witnessing the highest demand?
  5. From which year the growth rate of global keyword market starts slowing down?

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This post was originally published on Analytics News