Global Solar Panel Recycling Market was valued at US$ XX Bn. in 2019 and is expected to reach US$ XX Bn at a CAGR of 15.7% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Solar Panel Recycling Market Dynamics:
Solar power is the fastest rising source of renewable energy amongst all the other renewable energy sources. Solar panel waste streams will upsurge alongside global PV deployment. The major worldwide PV leaders nowadays include the US (60.5 GW of cumulative installed capacity), India (34.8 GW), Japan (62 GW), China (205 GW), and Germany (48.9 GW).
Installation of Solar PV Capacity by Countries- 2019-2020 (in GW)
The global market for solar panel recycling is expected to grow significantly in the future, thanks to the rising number of photovoltaic (PV) installations on account of their declining costs. Also, Transitioning trend towards renewable energy resources because of its least effect on the environment is expected to enhance the solar panel recycling market growth. Most economies do not have a robust recycling infrastructure for solar panels. As per the International Renewable Energy Agency (IRENA) report, the total volume of accumulated worldwide photovoltaic panel waste is projected to reach nearly 60 -78 million tons by 2050. Consequently, there will be an expanding demand for solar panel recycling plants and solutions global in the future.
Currently, R&D into solar panels recycling is being carried out mostly in France, Germany, Italy, Japan, and the US. Most efforts in these countries are focused on Si panels to recycle & recover silicon and rare metal elements.
Global Solar Panel Recycling Market Segment Analysis:
The report covers the segments in the solar panel recycling market such as technology, process, recycling management, and end-of-life. Based on technology, the crystalline silicon (advanced c-Si) segment accounted for the largest market share of xx% in 2019, with a market value of US$ XX.38 Mn, thanks to a higher number of installations globally.
By end-of-life, an early-loss segment dominates the solar panel recycling market during the forecast period. This growth is attributed to poor installation of mounting structures & solar systems, and midlife failures caused by the degradation of the anti-reflective covering of the glass.
Global Solar Panel Recycling Market Regional Insights:
Geographically, APAC is anticipated to register the fastest XX% CAGR during 2019-2027, thanks to the rapidly increasing solar industry of this region. Moreover, growing investments in R&D have resulted in the integration of new technologies, accordingly giving drive to the solar panel recycling market growth. In APAC, China accounts for the maximum number of patent filings in the technology for solar panel recycling. Growing investments in R&D of recycling technology owing to expected waste from installations in China.
Europe plays an important role in the solar panel recycling market, with market size of US$ XX Mn. in 2019 and will be US$ XX Mn. in 2027, with a CAGR of XX%. This growth is attributed to the initial product adoption and wide buyer acceptance across the EU. Many government actions to authorize the recycling process in economies like Germany and the U.K are expected to thrust the solar panel recycling market growth.
Worldwide Solar Panels Waste Projection:
In recent years, companies are involved in adopting sustainable strategies to gain competitive edges like a new product launch, collaborative agreements, and product up-gradation. Such as, Veolia opened the first European plant devoted fully to recycling PV panels in 2018. Preceding specialized plants, the PV recycling industry classically treated modules within present metal plants or recycling glass.
The objective of the report is to present a comprehensive analysis of the Global Solar Panel Recycling Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Solar Panel Recycling Market dynamics, structure by analyzing the market segments and projects the Global Solar Panel Recycling Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Solar Panel Recycling Market make the report investor’s guide.
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Global Solar Panel Recycling Market Scope:
Global Solar Panel Recycling Market, By Technology
• Silicon-Based
o Monocrystalline
o Poly- or multicrystalline
o Others (Ribbon, a-Si)
• Thin-film based
o Copper indium gallium (di)selenide (CIGS)
o Cadmium telluride (CdTe)
• Others
o Organic PV/dye-sensitized cells (OPV)
o Crystalline silicon (advanced c-Si)
o Concentrating solar PV (CPV)
Global Solar Panel Recycling Market, By End-Of-Life
• Regular-Loss
• Early-Loss
Global Solar Panel Recycling Market, By Process
• Thermal
• Laser
• Mechanical
Global Solar Panel Recycling Market, By Recycling Management
• Producer
• Specialized waste disposal companies
• Municipality
Global Solar Panel Recycling Market, by Region
• North America
o USA
o Canada
• Europe
o UK
o France
o Germany
o Italy
o Spain
o Norway
o Russia
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Malaysia
o Indonesia
o Rest of APAC
• South America
o Mexico
o Brazil
o Rest of South America
• Middle East and Africa
o GCC Countries
o South Africa
o Rest of MEA
Global Solar Panel Recycling Market Key Players:
• Reiling Glasrecycling Denmark ApS
• ECS Refining LLC
• Envaris
• SunPower Corporation
• Morgen Industries, Inc.
• PV Recycling
• Silcontel Ltd.
• Reclaim PV Recycling Pvt. Ltd.
• First Solar
• Recycle Solar Technologies Limited.
• Total Green Recycling
• Trina Solar
• Sharp Corporation
• JA Solar Co., Ltd,
• Canadian Solar Inc.
• Renesola
• Others
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