Global Solar Panel Recycling Market, By Process (Thermal, Mechanical, Laser), Product (Monocrystalline, Polycrystalline, Thin Films PV Cells), Shelf Life (Early Loss, Normal Loss), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Solar Panel Recycling Market Analysis and Insights
Solar panel recycling market will reach at estimated value of USD 513.44 million and grow at a rate of 23.00% for the forecast period of 2021 to 2028. Rising growth of data and emergence of HPDA is a vital factor driving the growth of solar panel recycling market.
Solar energy is one the most incorporated and is extensively used into the existing energy mix over the past decade. Solar panels employed on ground-mounted, buildings (BIPV), or floating solar panels have an average expected lifetime of 30 years. These panels generally includes cadmium, lead, and several toxic chemicals and it is essential to remove or recycle these toxic elements from the environment to prevent hazardous altercations.
Rising awareness among customers about the increased benefits of sustainable sources of energy and subsidies provided by the provincial governments is the vital factor escalating the market growth, also increase the number of installations of solar photovoltaic modules, rising adoption of solar panels, rising government regulations, increasing effective disposal of solar panels, increasing number of installations of photovoltaic modules, increasing preference for renewable sources of energy tracked by promising environmental standards, rising technological advancements as well as exhaustive government regulations for waste management and growing use of solar panels for power generation as an alternative of other non-eco-friendly sources are the major factors among others driving the solar panel recycling market. Moreover, rising technological advancement and increasing modernization in the production techniques and rising research and development activities in the market will further create new opportunities for the solar panel recycling market in the forecast period of 2021- 2028.
However, lack of information regarding solar panel recycling is the major factor among others acting as a restraint, and will further challenge the growth of solar panel recycling market in the forecast period mentioned above.
This solar panel recycling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on solar panel recycling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Solar Panel Recycling Market Scope and Market Size
Solar panel recycling market is segmented on the basis of process, product and shelf life. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on process, the solar panel recycling market is segmented into thermal, mechanical and laser.
- Based on product, the solar panel recycling market is segmented into monocrystalline, polycrystalline and thin films PV cells.
- The solar panel recycling market is also segmented on the basis of shelf life into early loss and normal loss.
Solar Panel Recycling Market Country Level Analysis
Solar panel recycling market is analysed and market size, volume information is provided by country, process, product and shelf life as referenced above.
The countries covered in the solar panel recycling market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the solar panel recycling market due to rising presence of large quantities of end-of-life solar panels, rising technological advancements along with exhaustive government regulations for waste management, and growing use of solar panels for power generation as an alternative of other non-eco-friendly sources in this region. Asia-Pacific is the expected regions in terms of growth in solar panel recycling market due to increase the number of installations of solar photovoltaic modules, rising adoption of solar panels, rising government regulations, increasing effective disposal of solar panels and increasing number of installations of photovoltaic modules in this region.
The country section of the solar panel recycling market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Solar Panel Recycling Market Share Analysis
Solar panel recycling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solar panel recycling market.
The major players covered in the solar panel recycling market report are First Solar, Echo Environmental, LLC, SILCONTEL LTD, Canadian Solar., SunPower Corporation, Reiling GmbH & Co. KG, Trina Solar, Aurubis, SiC PROCESSING GMBH, Oliytech Solar., KAMALA REFINERY Yingli Energy China Co Ltd, Hanwha Group. And ECS Refining, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.