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Coronavirus Energy News

Impact of COVID-19 on Solar Panel Recycling Market : Implications on Business

Solar Panel Recycling Market: Introduction

  • The global solar panel recycling market was valued at ~US$ 40 Mn in 2018 and is anticipated to expand at a CAGR of ~37% during the forecast period
  • Based on process, the combination segment dominated the global solar panel recycling market in 2018. It comprises combination of different processes such as thermal, chemical, and mechanical.
  • Based on product, the silicon-based PV segment constituted dominant share of the global solar panel recycling market in 2018. Silicon-based PV has large installed base; as a result, silicon-based solar PV panels are estimated to hold large share of the solar panel recycling market in the near future.

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Key Drivers of Solar Panel Recycling Market

  • Rise in number of end-of-life solar panels across the globe is anticipated to drive the solar panel recycling market during the forecast period
  • Deployment of solar photovoltaic panels has been increasing significantly. Solar photovoltaic modules have a useful lifespan of approximately 25 years to 30 years.
  • The number of photovoltaic modules that reach the end of their useful life is likely to increase substantially after the time lag of operation and decrease in efficiency, resulting in waste generation
  • Sustainable waste management provides the benefits of 3Rs: reduce, reuse, and recycle. When a product cannot be repaired or reused, recycling is the next preferable option before its disposal as waste.
  • Solar panel recycling has become an important emerging market, owing to the presence of large volume of waste photovoltaic modules

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Europe Offers Lucrative Opportunities to Solar Panel Recycling Market

  • Europe is anticipated to be a highly attractive region of the global solar panel recycling market during the forecast period. The solar panel recycling market in Europe is estimated to expand at a significant pace between 2019 and 2027, as the region has the highest installed base of solar energy. Increase in number of end-of-life solar panels is anticipated to result in a rise in solar panel waste. Thus, demand for solar panel recycling is expected to increase in Europe in the near future.

Major Developments in Solar Panel Recycling Market

  • In January 2019, The Ministry of New and Renewable Energy (MNRE), India, proposed to follow the glass recycling procedure for solar photovoltaic (PV) panels under a new framework. It is expected to be made mandatory for solar power developers. Producers would be made responsible for ensuring recycling of end-of-life glass panels as part of their extended responsibility as in the case of e-waste, which covers used lead-acid batteries, packaging materials, etc.

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Competition Landscape of Solar Panel Recycling Market

  • The global solar panel recycling market is highly consolidated. A few international players hold significant share of the global solar panel recycling market.
  • Major players operating in the global solar panel recycling market are Morgen Industries, Inc., PV Recycling, Reclaim PV Recycling, Silcontel Ltd, Reiling Glasrecycling Danmark ApS, ECS Refining LLC, Envaris, SunPower Corporation, Reclaim PV Recycling Pty Ltd, First Solar, Recycle Solar Technologies Limited, and Total Green Recycling

Global Solar Panel Recycling Market: Segmentation

Solar Panel Recycling Marketby Process

  • Thermal
  • Mechanical
  • Chemical
  • Combination
  • Laser

Solar Panel Recycling Marketby Product

  • Silicon-based PV
  • Thin Film PV
  • Others (including Amorphous Silicon)

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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News

Comprehensive Report on Solar Panel Recycling Market 2020 | Size, Growth, Demand, Opportunities & Forecast To 2026 | First Solar, Rinovasol, Silcontel, Reiling Group, ECS Refining LLC

Solar Panel Recycling Market research report is the new statistical data source added by A2Z Market Research.

“Solar Panel Recycling Market is growing at a High CAGR during the forecast period 2020-2026. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

Solar Panel Recycling Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Top Key Players Profiled in this report are: 

First Solar, Rinovasol, Silcontel, Reiling Group, ECS Refining LLC, Yingli Energy Co. Ltd, Silrec Corporation., Envaris, Reclaim PV Recycling, Canadian Solar

The key questions answered in this report:

  1. What will be the Market Size and Growth Rate in the forecast year?
  2. What are the Key Factors driving Solar Panel Recycling Market?
  3. What are the Risks and Challenges in front of the market?
  4. Who are the Key Vendors in Solar Panel Recycling Market?
  5. What are the Trending Factors influencing the market shares?
  6. What are the Key Outcomes of Porter’s five forces model?
  7. Which are the Global Opportunities for Expanding the Solar Panel Recycling Market?

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Solar Panel Recycling market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Solar Panel Recycling market’s trajectory between forecast periods.

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Global Solar Panel Recycling Market Segmentation:

Market Segmentation by Type:

Monocrystalline
Polycrystalline
Thin film

Market Segmentation by Application:

Thermal
Mechanical
Laser

Regions Covered in the Global Solar Panel Recycling Market Report 2020:
• The Middle East and Africa (GCC Countries and Egypt)
• North America (the United States, Mexico, and Canada)
• South America (Brazil etc.)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The report provides insights on the following pointers:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Solar Panel Recycling market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Solar Panel Recycling market.

Table of Contents

Global Solar Panel Recycling Market Research Report 2020 – 2026

Chapter 1 Solar Panel Recycling Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Solar Panel Recycling Market Forecast

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Categories
Energy News

Solar Panel Recycling Market Analysis 2020 | Know the Growth Factors and Future Scope Post COVID-19 Outbreak

The global solar panel recycling market is expected to generate a revenue of $269.8 million by 2023, increasing from $80.7 million in 2017, advancing at a 22.0% CAGR during the forecast period (2018–2023), as per a study conducted by P&S Intelligence. Favorable government regulation that support sustainable development and the rising adoption of solar power as a source of energy are the major driving factors of the market. On the basis of process, the market is divided into laser, thermal, and mechanical.

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Out of these, the mechanical process accounted for the major share of the market in the past, holding more than 55.0% share of the market in 2017. The eco-friendly and economical nature of this recycling process is leading to its high demand. In terms of type, the market is categorized into thin film, polycrystalline, and monocrystalline, out of which, the monocrystalline type dominated the market in the past, accounting for over 50.0% market share in 2017.

These solar panel are preferred widely, owing to their beneficial features, such as superior grade material, greater efficiency, longer shelf life, relatively higher space efficiency, and excellent heat resistance. The thin-film category is expected to register the highest CAGR in the solar panel recycling market during the forecast period. The adoption of these solar panels is projected to rise due to their flexibility, temperature resistance, and light weight in the coming years, thereby driving the market during the forecast period.

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Geographically, the European region dominated the solar panel recycling market in the past, contributing over 40.0% value share to the market in 2017. The stringent regulations regarding solar panel waste management is majorly leading to the growth of the regional domain. The Asia-Pacific region is expected to witness the highest CAGR during the forecast period, owing to increasing concerns regarding environmental sustainability and cost advantages of solar panel recycling in developing countries, including India and China.

Categories
Coronavirus Energy News

Impact of COVID-19 on Solar Panel Recycling Market : Implications on Business

Solar Panel Recycling Market: Introduction

  • The global solar panel recycling market was valued at ~US$ 40 Mn in 2018 and is anticipated to expand at a CAGR of ~37% during the forecast period
  • Based on process, the combination segment dominated the global solar panel recycling market in 2018. It comprises combination of different processes such as thermal, chemical, and mechanical.
  • Based on product, the silicon-based PV segment constituted dominant share of the global solar panel recycling market in 2018. Silicon-based PV has large installed base; as a result, silicon-based solar PV panels are estimated to hold large share of the solar panel recycling market in the near future.
  • Based on material, the glass segment held significant share of the global solar panel recycling market in 2018. It consists of the highest share of the overall solar module and can be recycled up to 95% of the total waste.
  • The solar panel recycling market in Europe is projected to expand at a substantial pace during the forecast period, owing to high installed base of solar panels in the region

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Key Drivers of Solar Panel Recycling Market

  • Rise in number of end-of-life solar panels across the globe is anticipated to drive the solar panel recycling market during the forecast period
  • Deployment of solar photovoltaic panels has been increasing significantly. Solar photovoltaic modules have a useful lifespan of approximately 25 years to 30 years.
  • The number of photovoltaic modules that reach the end of their useful life is likely to increase substantially after the time lag of operation and decrease in efficiency, resulting in waste generation
  • Sustainable waste management provides the benefits of 3Rs: reduce, reuse, and recycle. When a product cannot be repaired or reused, recycling is the next preferable option before its disposal as waste.
  • Solar panel recycling has become an important emerging market, owing to the presence of large volume of waste photovoltaic modules

REQUEST FOR COVID19 IMPACT ANALYSIS :  https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=24842

Europe Offers Lucrative Opportunities to Solar Panel Recycling Market

  • Europe is anticipated to be a highly attractive region of the global solar panel recycling market during the forecast period. The solar panel recycling market in Europe is estimated to expand at a significant pace between 2019 and 2027, as the region has the highest installed base of solar energy. Increase in number of end-of-life solar panels is anticipated to result in a rise in solar panel waste. Thus, demand for solar panel recycling is expected to increase in Europe in the near future.

Major Developments in Solar Panel Recycling Market

  • In January 2019, The Ministry of New and Renewable Energy (MNRE), India, proposed to follow the glass recycling procedure for solar photovoltaic (PV) panels under a new framework. It is expected to be made mandatory for solar power developers. Producers would be made responsible for ensuring recycling of end-of-life glass panels as part of their extended responsibility as in the case of e-waste, which covers used lead-acid batteries, packaging materials, etc.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/heightening-use-in-diverse-applications-to-ensure-promising-growth-for-melamine-market-asia-pacific-to-emerge-as-frontrunner-in-terms-of-regional-growth-tmr-301107689.html

Competition Landscape of Solar Panel Recycling Market

  • The global solar panel recycling market is highly consolidated. A few international players hold significant share of the global solar panel recycling market.
  • Major players operating in the global solar panel recycling market are Morgen Industries, Inc., PV Recycling, Reclaim PV Recycling, Silcontel Ltd, Reiling Glasrecycling Danmark ApS, ECS Refining LLC, Envaris, SunPower Corporation, Reclaim PV Recycling Pty Ltd, First Solar, Recycle Solar Technologies Limited, and Total Green Recycling

Global Solar Panel Recycling Market: Segmentation

Solar Panel Recycling Marketby Process

  • Thermal
  • Mechanical
  • Chemical
  • Combination
  • Laser

Solar Panel Recycling Marketby Product

  • Silicon-based PV
  • Thin Film PV
  • Others (including Amorphous Silicon)

Solar Panel Recycling Marketby Material

  • Glass
  • Plastic
  • Aluminum
  • Silicon
  • Metal

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.