Global Solar Panel Recycling Market Overview:
The
leaning towards renewable energy sources amid the energy crunch and initiatives
put forth by governments on solar power plants can drive demand for solar
panels. Solar panels are low maintenance and provide relief to soaring
electricity bills. The global Solar
Panel Recycling Market report compiled
by Market Research Future (MRFR) stresses on growth engines and hurdles to be
faced for the industry for the period of 2018 to 2023 (forecast period).
It
contains estimations on growth and revenue during the forecast period and the
hurdles put forth by the COVID-19 pandemic. According to MRFRs new study, the
global solar panel recycling market is projected to expand at a CAGR of 33%
during the forecast period. It is estimated to be valued at USD 300 Mn by 2023.
Leading
Players analyzed in the Solar
Panel Recycling Market Report are:
Canadian
Solar Inc, Reclaim PV Recycling, First Solar, Rinovasol Group, Silrec Corporation,
Silcontel, ECS Refining LLC, Yingli Energy Co, Reiling GmbH & Co, and Zorlu
Holding are notable players in the global solar panel recycling market.
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Market
Scope:
The
strong interest towards the renewable energy sector coupled with rising
investments in solar power generation is likely to catalyze the expansion of
the solar panel recycling market over the assessment period. Investments are
expected to flow towards solar advance technologies and open up new growth avenues
for the market participants. Additionally, the thriving rate of PV installation
has paved the way for rising volume of decommissioned PV panels. This, in turn,
is poised to expedite the proliferation of the solar panel recycling market in
the foreseeable future.
The
support extended by governments for reduction of carbon footprints through
large-scale solar power generation and a bevy of incentives and subsidies are
expected to influence the expansion of the market positively over the next
couple of years. Furthermore, the developing economies and their promising
potential to emerge as major country-level markets in the forthcoming years can
fuel the market growth.
The
COVID-19 pandemic had brought the industry to a standstill with old solar
equipment lying in heaps. But the easing of restrictions and adherence to
environmental standards can bring about a resurgence of the global solar panel
recycling market.
But
the high cost of energy storage is likely to hold the growth of the solar panel
recycling market over the assessment period.
COVID-19
Impact on Solar Panel Recycling Market at: https://www.marketresearchfuture.com/report/covid-19-impact-solar-panel-recycling-market
Solar Panel Recycling Industry Segmentation:
By
type, it is segmented into thin-film solar panels, monocrystalline solar
panels, polycrystalline solar panels, and silicon solar panels.
By
process, it is segmented into laser, thermal, and mechanical.
By
shelf life, it is divided into normal loss and early loss.
Regional
Analysis
North
America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are the biggest
regions analyzed in the global Solar
Panel Recycling Industry.
Europe
is estimated to lead in the market owing to maximum environmental reforms and
large number of solar farms. The expiring shelf-life of solar panels and
technological advances in waste management can drive the demand in the global
solar panel recycling market. Germany is touted to be the leading generator in
the region owing to shift to alternative sources of energy generation.
According to PV Cycle, the volume of solar panels to be recycle can reach
50,000 tons by 2030. The rollout of programs such as Cabriss and Circusol for
repair and promoting reuse of components in the solar panel industry value
chain can favor the market.
APAC
and North America are expected to regions for large potential for the global
solar panel recycling market. Investments in research and development and
patents on new recycling technologies can drive the market demand in APAC. But
the lack of regulations or mandates on recycling in the U.S., China, India, and
Japan can hinder the market growth.
Get Complete Solar Panel Recycling
Market Research Report at: https://www.marketresearchfuture.com/reports/solar-panel-recycling-market-6701
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https://issuu.com/marketresearchfuture18/docs/floating_20solar_20panels_20market_20nn
https://view.joomag.com/floating-solar-panels-market-nn/0264543001604579032
https://issuu.com/marketresearchfuture18/docs/variable_20speed_20generation_20market
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