TMRR, suggest in its latest market report, that the Solar Panel Recycling Management market report is about to exceed US$ xx Mn/Bn by 2029. The report finds that the Solar Panel Recycling Management market registered ~US$ xx Mn/Bn in 2018 and is projected to expand at a healthy CAGR over the foreseeable period.
The Solar Panel Recycling Management market research focuses on the market structure along with various factors (positive and negative) that influence the market growth. The study contains a precise evaluation of the Solar Panel Recycling Management market, including growth rate, current market scenario, and volume inflation prospects, on the basis of DROT and Porter’s Five Forces analyses.
Important players profiled in the Solar Panel Recycling Management market research include player 1, player 2, player 3 and player 4.
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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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 content of the Solar Panel Recycling Management market report includes the following insights:
- Growth outlook of the global Solar Panel Recycling Management market in terms of value and volume
- Strategies utilized by different Solar Panel Recycling Management market players.
- Drivers, restraints, opportunities and trends (DROT Analysis) impacting the growth prospect for the Solar Panel Recycling Management over the forecast period.
- End use consumption of the Solar Panel Recycling Management across various regions.
- Identify the ecological impacts of the Solar Panel Recycling Management and what regulations are being imposed on its usage.
The Solar Panel Recycling Management market study answers critical questions including:
- What tactics are being utilized by the Solar Panel Recycling Management market players to expand their production footprint in region?
- What are the threats faced by players in the global Solar Panel Recycling Management market mutually?
- Why region holds the majority of share in the global Solar Panel Recycling Management market?
- Why product type has the largest consumption in region?
- Which end user remain the leading consumers of the Solar Panel Recycling Management across the globe?
All the players running in the global Solar Panel Recycling Management market are elaborated thoroughly in the Solar Panel Recycling Management market report on the basis of R&D developments, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines, legal policies, and comparative analysis between the leading and emerging Solar Panel Recycling Management market players.
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This post was originally published on Analytics News