Global Solar Panel Recycling Management Market – From TMRR’s Viewpoint
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TMRR, in its latest business report elaborates the current situation of the global Solar Panel Recycling Management market 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.
In this Solar Panel Recycling Management market study, the following years are considered to project the market footprint:
- History Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2029
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On the basis of product type, the global Solar Panel Recycling Management market report covers the key segments, such as
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.
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The Solar Panel Recycling Management market research addresses the following queries:
- Why end use remains the top consumer of Solar Panel Recycling Management in region?
- Which segment does the consumers highly prefer?
- How will the global Solar Panel Recycling Management market look like by the end of the forecast period?
- What innovative technologies are the Solar Panel Recycling Management players using to get an edge over their rivals?
- What are the restraints affecting the growth of the global Solar Panel Recycling Management market?
After reading the Solar Panel Recycling Management market report, readers can
- Get hints about various agreements, product launches, acquisitions, and R&D projects of different Solar Panel Recycling Management market players.
- Outline prominent regions holding significant share in the global Solar Panel Recycling Management market along with the key countries.
- Investigate a comparative study between leading and emerging Solar Panel Recycling Management market vendors.
- Comprehensive evaluation on the changing pattern of consumers across various regions.
- Important trends affecting the adoption pattern of Solar Panel Recycling Management in various industries.
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Solar Panel Recycling Management market players – Player 1, Player 2, Player 3, and Player 4, among others represent the global Solar Panel Recycling Management market. The market study depicts an extensive analysis of all the players running in the Solar Panel Recycling Management market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies, and mergers & acquisitions associated with the players are enclosed in the Solar Panel Recycling Management market report.
This post was originally published on Analytics News