Solar panel recycling is the process of reusing or recycling solar panel waste once they have reached the end of their useful life cycle or have been damaged. The market study looked at three different types of solar panel recycling processes thermal, mechanical, and laser. Lead, cadmium, plastics, glass, and other heavy and toxic compounds or metals found in solar panel waste are damaging to the environment and human health. As a result, recycling solar panels rather than disposing of them in landfills is critical.
MARKET DYNAMICS
The progressive change of the energy industry from conventional to renewable fuels the growth of the worldwide solar panel recycling market. Furthermore, during the forecasted time frame, rising awareness of environmental degradation connected with solar panel waste is expected to boost the market. However, the absence of solar panel recycling infrastructure around the world, as well as lax laws on solar panel recycling, will limit the market's expansion during the projection period. Government measures to reduce carbon footprints and increased investment in renewable energy infrastructure, on the other hand, are expected to give lucrative growth prospects for leading players to maintain their market position in the future years.
MARKET SCOPE
The "Global Solar Panel Recycling Market Analysis to 2028" is a specialized and in-depth study of the solar panel recycling market with a special focus on the global market trend analysis. The report aims to provide an overview of the solar panel recycling market with detailed market segmentation by process, type, and geography. The global solar panel recycling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar panel recycling market players and offers key trends and opportunities in the solar panel recycling market.
MARKET SEGMENTATION
The global solar panel recycling market is segmented based on process and type. Based on process, solar panel recycling market is segmented into thermal and mechanical & laser. Based on type, solar panel recycling market is segmented into crystalline silicon and thin film.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar Panel Recycling Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Solar Panel Recycling Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Solar Panel Recycling Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar panel recycling market in these regions.
IMPACT OF COVID-19 ON SOLAR PANEL RECYCLING MARKET
Lockdowns enforced in response to the COVID-19 epidemic resulted in a temporary halt to import and export, as well as manufacturing and processing activities in a variety of industries, lowering demand for power equipment and affected the solar (PV) inverter market. In the second, third, and fourth quarters of 2020, market growth slowed as a result of this. The PV inverter market, on the other hand, is likely to rebound by the end of 2021, as COVID-19 immunisation has begun in a number of economies throughout the world, which is expected to help the global scenario.
MARKET PLAYERS
The reports cover key developments in the solar panel recycling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from solar panel recycling market are anticipated to lucrative growth opportunities in the future with the rising demand for solar panel recycling market. Below mentioned is the list of few companies engaged in the solar panel recycling market.
The report also includes the profiles of key solar panel recycling market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AURUBIS AG
- CANADIAN SOLAR
- ECHO ENVIRONMENTAL, LLC
- ENVARIS GMBH
- FIRST SOLAR
- HANWHA GROUP
- REILING GMBH and CO. KG
- SILREC CORPORATION
- SUNPOWER CORPORATION
- TRINA SOLAR