Press release
Solar Panel Recycling Market Revenue, Forecasts By 2024 | Market Competitors: Envaris, ECS Refining, Eiki Shoji Ltd, REMA PV Systems, Darfon Electronics Corporation, Rinovasol, Chaoqiang Silicon Material, Suzhou Shangyunda Electronics, PV Recycling, LLC,
Solar Panel Recycling Management Market
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Huge untapped potential with stringent regulations to recycle increasing volumes of PV waste is set to propel the solar panel recycling market size between 2016 to 2024. EPA has laid down regulations referring to Materials Safety Data Sheets (MSDSs), Toxics Release Inventory (TRI), Resource Conservations and Recovery Act (RCRA), California’s Hazardous Waste Control Law (HWCL) and Toxicity Characteristic Leaching Procedure (TCLP) standards.
Solar panel recycling market size from mechanical process is set to exceed USD 300 million in 2024 subject to wide penetration and reasonable pricing. Thermal process was valued over USD 1 million in 2015 owing to decrease in silicon content in PV manufacturing process. Laser process is a new technology introduced recently and is expected to grow over 45% by 2024 owing to increasing adoption.
Regular loss solar panel recycling management Market is projected to surpass USD 250 million by 2024. Decommissioned panels with no early attrition and after attaining 30 years of shelf life are categorized under regular loss. Early loss is predicted to grow above 30% by 2024 due to the severe weather conditions along with quality of materials used.
Solar panel recycling market size from regular loss is expected to exceed USD 250 million by 2024. Panels decommissioned at end of 30 years’ shelf life are classified under regular loss. Early loss is predicted to grow over 30% during the forecast period owing to the quality of materials used coupled with weather conditions prevalent.
Solar Panel Recycling Management Market was over USD 20 million in 2015 and will hit over USD 360 million by 2024; per a new research report by Global Market Insights, Inc.
Growth Drivers:
. Increasing adoption of solar panels
. Government regulations
. Effective disposal of solar panels
. Untapped potential
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For Europe, UK solar panel recycling management market share is expected to grow over 35% by 2024. In 2013, UK WEEE introduced regulations aimed at reducing solar waste by mandating manufacturers to take back decommissioned PV panels for recycling. PV producers also need to register with Producer Compliance Scheme and update appropriate data sought by the government.
UAE solar panel recycling market share is projected to witness growth above 50% from 2016 to 2024. In 2016, the International Renewable Energy Agency (IRENA) projected that the country will witness upto 350,000 tons of waste volume generated by the photovoltaic panels by 2050.
Key solar panel recycling market players include First Solar, REMA PV Systems, Canadian Solar, Darfon Electronics Corporation, Rinovasol, Envaris, Chaoqiang Silicon Material, ECS Refining, Suzhou Shangyunda Electronics, Silcontel, Cellnex Energy, and Reiling Glass Recycling.
Browse key industry insights spread across 185 pages with 253 market data tables & 10 figures & charts from the report, “Solar Panel Recycling Management Market Size By Process (Thermal, Mechanical, Laser), By Product (Monocrystalline, Polycrystalline, Thin Films PV Cells), By Shelf Life (Early Loss, Normal Loss), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Spain, Ukraine, Denmark, Russia, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, Morocco, Nigeria, South Africa, Chile, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/solar-panel-recycling-management-market
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: www.gminsights.com
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