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Best Market Research on Solar Panel Recycling Management Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

Trusted Business Insights presents the Updated and Latest Study on Solar Panel Recycling Management Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

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Abstract, Snapshot, Market Analysis & Market Definition: Solar Panel Recycling Management Market
Industry / Sector Trends

Solar Panel Recycling Management Market size was over USD 20 million in 2015 and is set to witness growth over 35% from 2016 to 2024.

U.S. Solar Panel Recycling Management Market size, by process 2013-2024 (USD million)

Growing adoption of alternate energy coupled with increasing number of decommissioned panels will drive the global solar panel recycling management market size from 2016 to 2024. In Germany, the total volume of decommissioned panels was exceeding 75,000 tons in 2015 as against more than 50,000 tons in 2010. Increasing number of solar farms coupled with stringent government regulations towards effective waste disposal and recycling will drive the market share over forecast timeframe. In 2016, the cumulative mass of installed panels was more than 4 million tons.

Strict regulations to control the growing number of panel waste will stimulate the solar panel recycling management market share during forecast period. In 2012, the Waste Electrical and Electronic Equipment (WEEE) Directive 2012/19/EU stipulated that PV system manufacturers must take up the responsibility to efficiently recycle decommissioned systems and effectively dispose electronic waste.

PV Cycle (PVC) is a pan-European initiative boost the investments made for setting up PV panel recycling units in a public private partnership model. As per the model, there will be proactive participation from local governments and private investors willing to invest in the industry. The WEEE has introduced two financing approaches including individual pre-funding and contractual agreements.

Market Segmentation, Outlook & Regional Insights: Solar Panel Recycling Management Market

Solar Panel Recycling Management Market, By Process

Solar panel recycling management market size from thermal process was valued over USD 2 million in 2015 and is likely to witness substantial growth by 2024. Thermal process currently has a limited adoption scope but is expected to gain wider acceptance during the forecast period due to decreasing silicon content in panels.

Mechanical process will exceed USD 300 million by 2024, as it has wide adoption across the globe owing to its process safety coupled with increasing adoption of polycrystalline panels. Market share from laser processes are predicted to grow over 45% over the forecast period. Adoption of laser technology is still in nascent stages and is expected to witness strong growth after 2020.

Solar Panel Recycling Management Market, By Product

Solar panel recycling management market from monocrystalline cells for 2015 was valued over USD 1.5 million. Monocrystalline have very low penetration owing to high prices associated with its adoption. Polycrystalline cells products are anticipated to exceed USD 220 million by 2024 owing to growing emphasis on clean energy adoption in developed countries. Polycrystalline cells are highly efficient and possess high battery memory properties.

Solar panel recycling management industry from thin films PV cells are expected to witness growth over 40% by 2024 owing to large scale adoption subject to affordable prices with excellent quality and longer shelf life.

Solar Panel Recycling Management Market, By Shelf Life

Solar panel recycling management market share from early losses are expected to witness growth over 35% during the forecast period. The average shelf life of a solar panel is 30 years however, due to weather conditions and maintenance issues, panels need to be decommissioned earlier than expected.

Normal losses are predicted to exceed USD 300 million by 2024, subject to end of a panels shelf life. Discarded panels are collected together and recycled to recover components that can be reused, further reducing the manufacturing cost of PV panels.

Solar Panel Recycling Management Market, By Region

U.S. solar panel recycling management market size was valued above USD 5 million in 2015 and is expected to witness significant growth from 2016 to 2024 owing to high adoption of PV systems. Decommissioned PV panels volumes increased from over 18,000 tons in 2010 to over 30,000 tons in 2016.

Germany solar panel recycling management industry size is set to surpass over USD 24 million by 2024. Germany was one of the first countries in the world to install PV panels on a large scale and encourage adoption of alternate sources of energy. Japan is predicted to grow over 30% from 2016 to 2024. The Ministry of Economy, Trade and Industry had announced in 2008, its intention to install panels in 70% of residential areas of Japan and has followed up with investments, subsidies and feed-in-tariff initiatives.

Chile market share will witness growth over 40% over the forecast timeframe. Chile is expected to witness cumulative waste volumes of decommissioned PV panels of over 45,000 tons by 2024, making it a large market for panel recycling.

Key Players, Recent Developments & Sector Viewpoints: Solar Panel Recycling Management Market

Global solar panel recycling management market participants include Envaris, ECS Refining, Eiki Shoji Ltd, REMA PV Systems, Darfon Electronics Corporation, Rinovasol, Chaoqiang Silicon Material, Suzhou Shangyunda Electronics, PV Recycling, LLC, Silcontel, Cellnex Energy, IG Solar Private, Reiling Glass Recycling, First Solar, Canadian Solar.

In 2015, Sunvault Energy Inc. purchased 50% stake in CleanGen Inc., Canadian waste-to-energy firm. CleanGen is an Aborigin company with a net income about $1.5 million in 2014 and gross revenues more than $5 million.

Solar Panel Recycling Management Industry Viewpoint

Solar energy is at the foremost of the clean energy adoption initiatives, as an increasing number of governments and world bodies are encouraging its adoption to reduce dependency on non-renewable sources of energy. Increasing growth in solar panel recycling management market demand can be attributed to the first wave of panel adoption in the 1990s and the industry is likely to undergo a paradigm shift over the next decade. The average life of a PV panel is 30 years and needs to be decommissioned afterwards, which means the panels installed in the late 90s will need to be recycled no

What are the Key Insights Covered: Exhaustive Solar Panel Recycling Management Market
1. Market size (sales, revenue and growth rate) of Solar Panel Recycling Management industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Solar Panel Recycling Management industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Solar Panel Recycling Management industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Solar Panel Recycling Management industry.

What is the Research Methodology used: Solar Panel Recycling Management Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

Quick Read Table of Contents of this Report @ WorldWide Solar Panel Recycling Management Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

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This post was originally published on Downey Magazine