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
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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
3.6 Industry impact forces
3.6.1 Growth drivers
18.104.22.168 Increasing adoption of solar panels
22.214.171.124 Government regulations
126.96.36.199 Effective disposal of solar panels
188.8.131.52 Untapped potential
3.6.2 Industry pitfalls & challenges
184.108.40.206 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
4.2.1 Thermal solar panel recycling management market, 2013 - 2024
4.2.2 Thermal solar panel recycling management market, by region, 2013 - 2024
4.3.1 Mechanical solar panel recycling management market, 2013 - 2024
4.3.2 Mechanical solar panel recycling management market, by region, 2013 – 2024
4.4.1 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.
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