Global Solar Panel Recycling Management Market Overview:
In today’s time energy industry has been experiencing a radical change and rapidly moving towards the renewable sources for the power generation. Growing awareness about the renewable energies and increasing fossil fuel prices has boosted the adoption as an alternative. The high adoption of solar panels across the globe has created huge demand for the panel recycling or effectively disposing. Researchers are investigating methods to commercialise recycling in order to cheaply recover the majority of the components of a solar panel. Elements of this recycling process can be discovered in the United States, but on a broad scale it is not currently taking place.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Focus on Technical Innovations to Improve Quality of Recovered Materials for Secondary Use
Market Growth Drivers:
Increasing Adoption of Renewable Energy Solutions Due to Growing Awareness and Government Stringent Regulations towards the Recycling of Solar Panel and Waste Disposal to Protect Environment
Challenges:
Slow Adoption in Some Developing and Underdeveloped Countries Due to Lack of Proper Knowledge and Inadequate Skilled Workforce
Restraints:
High Cost and Complexity in Recycling of Solar Panels
Opportunities:
Rise in Number of Solar Farms for the Power Generation Thereby Increase in Solar Panel Waste
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are First Solar, Inc. (United States), Envaris (Germany), REMA PV Systems (Czech Republic), Rinovasol (Germany), Silcontel (Israel), IG Solar (India), SunPower (United States), Trina Solar (China), Canadian Solar (Canada) and Recycle PV Solar (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Solar Panel Recycling Management market by 2028. Considering Market by Process, the sub-segment i.e. Thermal will boost the Solar Panel Recycling Management market.
Latest Market Insights:
In 2022, First Solar, Inc.explained that it has signed agreements to supply Intersect Power, LLC with an additional 4.9 gigatonnes (GW)DC of its high performance, responsibly produced thin film photovoltaic (PV) solar modules. and In 2022, First Solar, Inc. announced that it has entered into an agreement to supply 2.4 gigawatts (GW)DC of its high-performance, advanced thin film photovoltaic (PV) solar modules to Intersect Power, LLC (“Intersect Power”). The modules will be delivered between 2024 and 2026, making Intersect Power, which previously ordered 4.1 GWDC in 2019 and 2021, one of the world's largest buyers and operators of First Solar's responsibly-produced module technology, with approximately 6.4 GWDC expected to be deployed by 2027.
What Can be Explored with the Solar Panel Recycling Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Panel Recycling Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Panel Recycling Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Panel Recycling Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Panel Recycling Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Solar Panel Recycling Service Providers, Solar Panel Manufacturers, Suppliers and Distributors of Solar Panel, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.