DUBLIN, October 20, 2022 /PRNewswire/ — The “Solar Panel Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
Global Solar Panel Recycling Market Size Reaches US$110.4 million in 2021. Looking ahead, the publisher expects the market to reach US$302.9 million by 2027, presenting a CAGR by 18.32% over the period 2021-2027. Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
Solar panels contain hazardous materials, such as silicon, silver, aluminum, copper, gallium, lead and cadmium. Their growing installation across the globe has fueled the need for recycling to reduce waste generation. Recycling solar panels involves activities ranging from dismantling to collection and sorting. It prevents the release of hazardous substances from waste streams and reduces greenhouse gas (GHG) emissions from photovoltaic (PV) modules. Currently, several manufacturers are purifying recovered materials for use in new panels or other components such as foam glass.
The increase in solar panel sales worldwide due to the growing adoption of renewable energy sources leads to a massive amount of waste streams in landfills every year. This represents one of the key factors driving the need for solar panel recycling methods to minimize human health risks and provide end-of-life (EoL) management. It also reduces the overall cost of new panels and creates job opportunities.
Apart from this, the introduction of strict regulations and policies, such as product stewardship and increasing landfill costs, by government authorities in many countries is also contributing to the growth of the market. In addition, these authorities legalize recycling processes and implement various solar energy projects. This, in turn, presents lucrative opportunities to manufacturers operating in this industry to expand their reach in the market. Additionally, several companies are investing in research and development (R&D) activities to recover and recycle rare metallic elements, which is expected to drive the market growth.
Key Market Segmentation:
The publisher provides an analysis of the main trends in each sub-segment of the Global Solar Panel Recycling Market report, as well as forecasts at the global, regional and country levels from 2022 to 2027. Our report has categorized the market according to process, type, material and shelf life.
Breakdown by process:
- Thermal
- Mechanical
- Laser
- Others
Breakdown by type:
- Crystalline silicon
- Thin layer
- Others
Breakdown by material:
- Metal
- Glass
- Aluminum
- Silicon
- Others
Breakdown by shelf life:
Breakdown by region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Answers to key questions in this report:
- How has the global solar panel recycling market behaved so far and how will it behave in the coming years?
- What has been the impact of COVID-19 on the global solar panel recycling market?
- What are the main regional markets?
- What is Process Based Market Breakout?
- What is the market breakdown by type?
- What is the market breakdown based on material?
- What is the market breakdown by shelf life?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global solar panel recycling market and who are the key players?
- How competitive is the industry?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive summary
4 Presentation
5 Global Solar Panel Recycling Market
6 Market Breakdown by Process
7 Market Breakdown by Type
8 Market Breakdown by Material
9 Market Breakdown by Shelf Life
10 Market Breakdown by Region
11 SWOT Analysis
12 Value chain analysis
13 Analysis of the five forces of carriers
14 Price Analysis
15 Competitive landscape
Companies cited
- Canadian solar.
- Echo Environmental LLC (Envela Corporation)
- Envaris GmbH
- Premier Solaire Inc.
- Hanwha Group
- Recover PV Recycling Pty Ltd
- Reiling GmbH & Co. KG
- SILCONTEL LTD
- Silrec Corporation
- SunPower Corporation (Total SE)
- Total green recycling
- Trina Solar.
For more information on this report, visit https://www.researchandmarkets.com/r/uaq0fq
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SOURCE Research and Markets
