A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Solar
Panel Recycling
Market. The
study, titled “Solar
Panel Recycling Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
The
tremendous rise in demand for solar energy in recent years has been
phenomenal and it is expected to grow at a tremendous pace in the
near future. Global solar photo voltic panel installations have
surpassed 64 GW of energy installations in 2016 and it is expected to
surpass the total installed solar capacity to a cumulative total of
310 GW by the end of 2017. Major developing countries such as China,
India, and Brazil are increasing their installed solar capacity
rapidly. Rooftop PV array provides a sustainable and clean source of
renewable energy through its expected lifespan of 20-30 years.
Year-on-year increasing installations of solar panels would end up
eventually in landfilling which would create environmental problems
in later stages. Most PV solar panels consist of heavy metals, such
as lead and cadmium, which can potentially contaminate the
environment and can degrade soil and air quality, when released
through landfill or open burning. Some hybrid solar cells contain
rare elements such as indium and gallium. Loss of these rare earth
elements through indiscriminate disposal could result in permanent
depletion of these substances in the future.
Browse
Market Research Report @
Solar
panel recycling is a difficult task, as solar PV units are assembled
by using multiple materials such as glass, which is utilized to make
the front cover of most PV panels, Panel frame is usually made from
aluminum, sealing agents, copper, lead, cadmium, and gallium. It is
necessary to separate and recover these materials with minimal loss
and damage of material for proper recycling of solar PV panels. The
recycled/recovered materials can then be employed again to
manufacture new solar panels or for other industrial applications.
Increase in the volume of decomposed PV panels combined with strict
environmental laws can boost efficient and effective recycling, which
is likely to further drive the expansion of the global solar panel
recycling market.
Stringent
regulations for recycling, increasing volumes of PV waste, combined
with stringent laws has got a significant untapped potential which is
anticipated to propel the solar panel recycling market in the near
future. Solar energy regulatory commissions and EPA commission have
framed many regulations concerning Toxics Release Inventory (TRI),
Materials Safety Data Sheets (MSDSs), California's Hazardous Waste
Control Law (HWCL), Resource Conservations and Recovery Act (RCRA),
and Toxicity Characteristic Leaching Procedure (TCLP) standards,
which are anticipated to keep an eye on the solar panel recycling
processes around the globe. Lack of awareness, technology, and poor
infrastructure for PV cell recycling around the world are major
constraints for the solar panel recycling market.
The
solar panel recycling market for the U.S. is predicted to expand at a
robust growth rate due to increasing usage of solar PV panels
combined with stringent recycling regulations, which are likely to
further augment the outlook of the industry. Global Solar panel
recycling market in is also estimated to expand significantly by the
end of 2024 due to the introduction of strict regulations aiming to
reduce solar PV waste by mandating manufacturers to take back
decommissioned and decomposed solar PV panels for recycling.
Furthermore, it is mandatory for solar PV producers to register
within the solar PV Producer Compliance Scheme and to provide
appropriate data needed by the government. The solar panel recycling
market In China is projected to reach a value of more than US$ 50
million by the end of 2024.
China
has also started the PV Recycling and Safety Disposal Research
program, which is a part of its national high-tech R&D program.
Furthermore, China is drafting stringent laws and regulations to
tackle rising volumes of solar PV panel waste. Countries of the
Middle East and Africa have also adopted the regulations for solar PV
panels recycling and also started to implement robust methodologies
to tackle solar PV waste volumes. Leading players operating in the
global solar panel recycling market are REMA PV Systems, Envaris, ECS
Refining, Reiling Glass Recycling, Eiki Shoji Ltd, Chaoqiang Silicon
Material, Suzhou Shangyunda Electronics, Darfon Electronics
Corporation, Rinovasol, PV Recycling, LLC, Silcontel, Cellnex Energy,
First Solar, IG Solar Private, and Canadian Solar. Global shift of
focus from usage of fossil fuels toward utilizing renewable energy
sources is further complementing the expansion of the solar panel
recycling market.
Get
accurate market forecast and analysis on the Solar Panel Recycling
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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