The
latest Solar Panel Recycling
Management Market
analysis and research report talks about major applications of Solar Panel
Recycling Management Market, growth of these segments as well as offers
insights into companies active in this industry and their information.
The
tremendous surge in the adoption of solar panels, thanks to government
initiatives, will fuel solar panel recycling management market. The increase in
the number of solar panel installations indicate an equal increase in the
number of decommissioned panels, which in turn will drive the industry trends.
Most companies nowadays are also intent on establishing newer recycling
facilities to encourage the green revolution, further stimulating solar panel
recycling management market. For instance, recently, Veolia Environnement S.A.,
the French environmental solutions provider, announced its plan about
implementing a new solar module recycling facility at Rousset, south of France,
for recycling decommissioned solar modules.
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Ideally,
solar panels have a regular shelf life of 30 years. Post this 3-decade period,
these panels will need to be disassembled and recycled for further use. Strict
government directives regarding solar panel recycling and environmental
maintenance will propel solar panel recycling management industry, which is
anticipated to grow at a CAGR of more than 35% over 2016-2024. As per the
report by Global Market Insights, Inc., “Having registered more than USD 20
million in 2015, Solar Panel Recycling Management Industry will cross USD 360
million by the year 2024.”
Solar
panels can suffer normal losses or early losses. In case of the former, the
panels function until the end of their shelf life, after which they are
decommissioned, accumulated, and recycled. Solar panel recycling management
market share from normal losses is expected to cross USD 300 million by 2024.
When solar panels cease to function efficiently due to maintenance issues,
technical problems, and unfavorable weather conditions, they are said to suffer
early losses, in which case, they are decommissioned earlier than their usual
shelf life and then recycled. Solar panel recycling management market from
early losses is said to grow at a CAGR of 35% over 2016-2024.
Global
solar panel recycling management industry is slated to be fiercely competitive
owing to the existence of several companies involved in the manufacture of
solar panels and the increasing preference toward sustainable energy sources.
Key players include Canadian Solar, PV Recycling, LLC, PV Recycling, LLC,
Envaris, Reiling Glass Recycling, First Solar, Rinovasol, Silcontel, ECS
Refining, Silcontel, Eiki Shoji Ltd, Chaoqiang Silicon Material, Cellnex
Energy, REMA PV Systems, IG Solar Private, Darfon Electronics Corporation, and
Suzhou Shangyunda Electronics. Companies engage in tactics such as product
innovation and enhanced recycling procedures to sustain their position in solar
panel recycling management market.
Solar
panels can be recycled by means of thermal, laser, and mechanical processes.
The mechanical recycling process is deemed to be one of the safest, owing to
which solar panel recycling management industry share from mechanical process
will surpass USD 300 million by 2024. Solar panel recycling by thermal process
places a strain on the environment due to the presence of excess silicon in the
panels. However, with companies striving to innovate environment-friendly
thermal procedures, solar panel recycling management industry from thermal
process, worth more than USD 1 million in 2015, will grow substantially over
2016-2024.
Thin-film
PV cells are extensively adopted for solar panels subject to their excellent
quality and affordability, which will in turn, fuel thin film solar cells
industry over 2016-2024. Increasing adoption rate of these cells coupled with
their most favorable property of longer shelf life will also drive solar panel
recycling management market from thin film PV cells, which is anticipated to
witness a y-o-y growth rate of more than 40% over 2016-2024.
Polycrystalline
solar cells possess excellent properties such as high efficiency and enhanced
battery power. High adoption of sustainable energy resources coupled with the
aforementioned properties will fuel solar panel recycling management market
from polycrystalline cells, which is slated to cross USD 220 million by 2024.
In
Germany, the number of dismantled panels amounted to more than 75,000 tons in
2015. An exponential rise in the number of decommissioned panels annually,
strict government norms, and the establishment of solar farms will propel
Germany solar panel recycling management market, which is expected to cross USD
24 million by 2024.
Chile is anticipated to hold a volume of more
than 45,000 tons of decommissioned solar panel waste, which makes it a
lucrative market for panel recycling. Chile solar panel recycling management
industry is expected to observe a CAGR of more than 40% over 2016-2024.
High volume of decommissioned solar panels in
the U.S. (30,000 tons in 2016) and rising adoption of solar panels will drive
U.S. solar panel recycling management market size over the next seven years,
which was worth more than USD 5 million in 2015.
Solar energy is one of the most widely-adopted
renewable energy sources globally. The increasing implementation of solar
panels, government directives regarding waste disposal, and the increase in the
number of decommissioned panels will significantly propel solar panel recycling
management industry over the years to come.
1.1
Research Methodology
1.1.1
Initial data exploration
1.1.2
Statistical model and forecast
1.1.3
Industry insights and validation
1.1.4
Scope and assumptions
1.2
Data Sources
1.2.1
Primary
1.2.2
Secondary
Chapter 2 Executive
Summary
2.1
Solar panel recycling management industry 3600 synopsis, 2013 - 2024
2.1.1
Business trends
2.1.2
Process trends
2.1.3
Product trends
2.1.4
Shelf life trends
2.1.5
Regional trends
Chapter 3 Solar Panel
Recycling Management Industry Insights
3.1
Industry segmentation
3.2
Industry size & forecast, 2013 – 2024
3.3
Industry ecosystem analysis
3.3.1
Vendor matrix
3.4
Technology & innovation landscape
3.5
Regulatory landscape
3.5.1
U.S.
3.5.2
China
3.6
Industry impact forces
3.6.1
Growth drivers
3.6.1.1
Increasing adoption of solar panels
3.6.1.2
Government regulations
3.6.1.3
Effective disposal of solar panels
3.6.1.4
Untapped potential
3.6.2
Industry pitfalls & challenges
3.6.2.1
Expensive technology
3.7
Growth potential analysis
3.8
Porter’s analysis
3.9
Competitive landscape, 2015
3.9.1
Strategy dashboard
3.10 PESTEL
analysis
This
latest Solar Panel Recycling Management Market research report offers in-depth
analysis, key industry insights, market sizing & forecast on a granular
level for key products, applications across number of regional markets. The
report also analyzes the Solar Panel Recycling Management industry from
business strategy perspective, describing in detail growth drivers, pitfalls
&challenges for participants, accompanied by a detailed competitive
benchmarking including company market share analysis and detailed business
profiles.
Reasons to Buy This Report
·
Global
Solar Panel Recycling Management Market size & forecast by product &
application.
·
Growth
drivers, pitfalls & industry challenges.
·
Key
Solar Panel Recycling Management Market growth opportunities & emerging
business models.
·
Competitive
benchmarking with market share analysis and company profiles.
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