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Solar Panel Recycling Management Market Growth by Key Players: Envaris, ECS Refining, Eiki Shoji Ltd, REMA PV Systems, Darfon Electronics Corporation, Rinovasol, Chaoqiang Silicon Material, PV Recycling, LLC, Silcontel, Cellnex Energy, First Solar, Canadi

08-22-2018 12:25 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

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.

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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.

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Partial Chapter of the Table of Content

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

Chapter 4 Solar Panel Recycling Management Market, By Process

4.1 Solar Panel Recycling Management market share by process, 2015 & 2024

4.2 Thermal

4.2.1 Thermal solar panel recycling management market, 2013 - 2024

4.2.2 Thermal solar panel recycling management market, by region, 2013 - 2024

4.3 Mechanical

4.3.1 Mechanical solar panel recycling management market, 2013 - 2024

4.3.2 Mechanical solar panel recycling management market, by region, 2013 – 2024

4.4 Laser

4.4.1 Laser solar panel recycling management market, 2013 - 2024

4.4.2 Laser solar panel recycling management market, by region, 2013 – 2024

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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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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