Market Overview
The solar panel recycling market is expected to exhibit a significant CAGR of 12.5% for the projected period. The solar panel recycling market is being driven by a few elements, including the rising utilization of solar energy, the developing interest for supportable arrangements, and the need to decrease squander and ecological contamination.
As the worldwide local area puts a more noteworthy accentuation on natural insurance and supportable energy arrangements, the requirement for proficient and capable removal of end-of-life solar panels has become more unmistakable. Solar panels, otherwise called photovoltaic (PV) panels, are intended to outfit solar energy, and convert it into power. Over the long haul, as solar establishments age or become harmed, they might should be supplanted or updated. Ill-advised removal of these panels can prompt ecological dangers because of the presence of possibly poisonous materials like lead, cadmium, and silicon-based compounds. In this way, the recycling and legitimate administration of resigned solar panels have become fundamental.
One of the key variables driving the attention on supportable practices in solar panel recycling is the rising acknowledgment of electronic waste (e-squander) issues. The fast development of the solar energy industry has prompted a comparing ascend in the quantity of decommissioned solar panels, adding to the general e-squander stream. With mounting worries about e-squander the board and the potential natural and wellbeing effects of ill-advised removal, state run administrations, administrative bodies, and industry partners are putting more prominent accentuation on recycling and round economy standards.
Market Segmentation
The Solar panel recycling market has been categorized Based on the Power Capacity into Monocrystalline, Polycrystalline and Thin Film. In 2022, the Monocrystalline segment drove the Solar panel recycling market by holding a substantial market share with a market value of USD 91.3 million.
The Solar panel recycling market has been categorized based on Thermal, Mechanical and Laser.
Regional Analysis
The Europe solar panel recycling market is a quickly developing industry focused on reducing waste and environmental effect. A few elements, including unofficial laws, ecological concerns, and the rising reception of sustainable power, drive the market. For example, the European Association has set an objective of recycling 85% of all loss by 2030, including solar panels. Furthermore, a few nations in Europe have their guidelines and focuses for the recycling of solar panels. These guidelines have prompted expanded interest in recycling framework and innovation. Europe solar panel recycling market is the potential for asset recuperation. Solar panels contain important materials like silicon, silver, and aluminum, which can recuperate through reuse. This diminishes squander as well as sets out open doors to deliver new solar panels and different items.
Major Players
The key market playersoperating in the global Solar Panel recycling market are Silcontel, Reclaim PV Recycling, Yingli Energy Co, Zorlu Holding, Canadian Solar Inc, First Solar, Rinovasol Group, Reiling GmbH & Co, Solon, We Recycle Solar, Cleanlites Recycling, Recycle PV Solar, LLC, Reclaim PV Recycling, Morgen Industries, Inc., Silcontel Ltd, and Recycle Solar Technologies Limited.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL SOLAR PANEL RECYCLING MARKET, BY TYPE
- 1.1.2 GLOBAL SOLAR PANEL RECYCLING MARKET, BY PROCESS
- 1.1.3 GLOBAL SOLAR PANEL RECYCLING MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 DATA MINING
- 3.2 SECONDARY RESEARCH
- 3.3 PRIMARY RESEARCH
- 3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS
- 3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS
- 3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
- 3.4.1 BOTTOM-UP APPROACH
- 3.4.2 TOP-DOWN APPROACH
- 3.5 DATA VALIDATION
- 3.6 ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING VOLUME OF DECOMMISSIONED PV PANELS
- 4.2.2 HUGE UNTAPPED POTENTIAL RECYCLE INCREASING VOLUMES
- 4.3 RESTRAINT
- 4.3.1 EXPENSIVE ENERGY STORAGE
- 4.4 OPPORTUNITIES
- 4.4.1 INCREASING INVESTMENT IN RENEWABLE ENERGY SOURCES
- 4.5 IMPACT OF CORONAVIRUS OUTBREAK ON GLOBAL MARKET
- 4.5.1 IMPACT ON THE OVERALL ENERGY AND POWER MARKET
- 4.5.2 IMPACT ON SOLAR PANEL RECYCLING MARKET
- 4.5.3 IMPACT ON SUPPLY CHAIN OF SOLAR PANEL RECYCLING MARKET
- 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
- 4.5.3.2 PRODUCTION SHUTDOWN
- 4.5.3.3 CASH FLOW CONSTRAINTS
- 4.5.3.4 IMPACT ON WORLD TRADE
- 4.5.4 IMPACT OF MARKET DEMAND FOR SOLAR PANEL RECYCLING
- 4.5.4.1 IMPACT DUE TO LOCKDOWN
- 4.5.4.2 CONSUMER SENTIMENTS
- 4.5.5 IMPACT ON PRICING SOLAR PANEL RECYCLING MARKET
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS & SUPPLIERS
- 5.1.2 MANUFACTURERS
- 5.1.3 DISTRIBUTION & SALES CHANNEL
- 5.1.4 END-USERS
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
6 GLOBAL SOLAR PANEL RECYCLING MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 MONOCRYSTALLINE
- 6.3 POLYCRYSTALLINE
- 6.4 THIN FILM
7 GLOBAL SOLAR PANEL RECYCLING MARKET, BY PROCESS
- 7.1 INTRODUCTION
- 7.2 THERMAL
- 7.3 MECHANICAL
- 7.4 LASER
8 GLOBAL SOLAR PANEL RECYCLING MARKET, BY REGION
- 8.1 INTRODUCTION
- 8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 CANADA
- 8.2.3 MEXICO
- 8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 FRANCE
- 8.3.3 UK
- 8.3.4 ITALY
- 8.3.5 RUSSIA
- 8.3.6 REST OF EUROPE
- 8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 SOUTH KOREA
- 8.4.5 REST OF ASIA PACIFIC
- 8.5 SOUTH AMERICA
- 8.5.1 BRAZIL
- 8.5.2 ARGENTINA
- 8.5.3 REST OF SOUTH AMERICA
- 8.6 MIDDLE EAST & AFRICA
- 8.6.1 SAUDI ARABIA
- 8.6.2 UAE
- 8.6.3 SOUTH AFRICA
- 8.6.4 REST OF MEA
9 COMPETITIVE LANDSCAPE
- 9.1 COMPETITIVE OVERVIEW
- 9.2 COMPETITOR DASHBOARD
- 9.3 MAJOR GROWTH STRATEGY IN THE GLOBAL SOLAR PANEL RECYCLING MARKET
- 9.4 MARKET SHARE ANALYSIS
- 9.5 COMPETITIVE BENCHMARKING
- 9.6 THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN GLOBAL SOLAR PANEL RECYCLING MARKET
- 9.7 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.7.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 9.7.2 MERGER & ACQUISITION
- 9.7.3 PARTNERSHIP & AGREEMENT
- 9.7.4 EXPANSION
10 COMPANY PROFILES
- 10.1 YINGLI ENERGY CO
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 PRODUCTS OFFERED
- 10.1.3 SWOT ANALYSIS
- 10.1.4 KEY STRATEGY
- 10.2 SILCONTEL
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 PRODUCTS OFFERED
- 10.2.3 KEY DEVELOPMENTS
- 10.2.4 SWOT ANALYSIS
- 10.2.5 KEY STRATEGY
- 10.3 RECLAIM PV RECYCLING
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 PRODUCTS OFFERED
- 10.3.3 KEY DEVELOPMENTS
- 10.3.4 SWOT ANALYSIS
- 10.3.5 KEY STRATEGY
- 10.4 ZORLU HOLDING
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 PRODUCTS OFFERED
- 10.4.3 KEY DEVELOPMENTS
- 10.4.4 SWOT ANALYSIS
- 10.4.5 KEY STRATEGY
- 10.5 FIRST SOLAR
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 PRODUCTS OFFERED
- 10.5.3 KEY DEVELOPMENTS
- 10.5.4 SWOT ANALYSIS
- 10.5.5 KEY STRATEGY
- 10.6 CANADIAN SOLAR INC
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGY
- 10.7 RINOVASOL GROUP
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 PRODUCTS OFFERED
- 10.7.3 KEY DEVELOPMENTS
- 10.7.4 SWOT ANALYSIS
- 10.7.5 KEY STRATEGY
- 10.8 REILING GMBH & CO
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 PRODUCTS OFFERED
- 10.8.3 KEY DEVELOPMENTS
- 10.8.4 SWOT ANALYSIS
- 10.8.5 KEY STRATEGY
- 10.9 RECYCLE PV SOLAR, LLC
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 PRODUCTS OFFERED
- 10.9.3 KEY DEVELOPMENTS
- 10.9.4 SWOT ANALYSIS
- 10.9.5 KEY STRATEGY
- 10.10 SOLON
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 PRODUCTS OFFERED
- 10.10.3 KEY DEVELOPMENTS
- 10.10.4 SWOT ANALYSIS
- 10.10.5 KEY STRATEGY
- 10.11 WE RECYCLE SOLAR
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 PRODUCTS OFFERED
- 10.11.3 KEY DEVELOPMENTS
- 10.11.4 SWOT ANALYSIS
- 10.11.5 KEY STRATEGY
- 10.12 CLEANLITES RECYCLING
- 10.12.1 COMPANY OVERVIEW
- 10.12.2 PRODUCTS OFFERED
- 10.12.3 KEY DEVELOPMENTS
- 10.12.4 SWOT ANALYSIS
- 10.12.5 KEY STRATEGY
- 10.13 RECLAIM PV RECYCLING
- 10.13.1 COMPANY OVERVIEW
- 10.13.2 PRODUCTS OFFERED
- 10.13.3 KEY DEVELOPMENTS
- 10.13.4 SWOT ANALYSIS
- 10.13.5 KEY STRATEGY
- 10.14 MORGEN INDUSTRIES, INC.
- 10.14.1 COMPANY OVERVIEW
- 10.14.2 PRODUCTS OFFERED
- 10.14.3 KEY DEVELOPMENTS
- 10.14.4 SWOT ANALYSIS
- 10.14.5 KEY STRATEGY
- 10.15 SILCONTEL LTD
- 10.15.1 COMPANY OVERVIEW
- 10.15.2 PRODUCTS OFFERED
- 10.15.3 SWOT ANALYSIS
- 10.15.4 KEY STRATEGY
- 10.16 RECYCLE SOLAR TECHNOLOGIES LIMITED
- 10.16.1 COMPANY OVERVIEW
- 10.16.2 PRODUCTS OFFERED
- 10.16.3 SWOT ANALYSIS
- 10.16.4 KEY STRATEGY