Solar Panel Recycling Management Market is Projected to Showcase Growth of 35% by 2024

Japan and China will be the major revenue pockets for APAC solar panel recycling management market

Solar panel recycling management market growth is forecast to accelerate over the next few years, driven by rising renewable energy trends along with the introduction of favorable legislations encouraging effective recycling of decommissioned solar panels. According to Global Market Insights, Inc. “Solar Panel Recycling Management Market revenue is forecast to surpass USD 360 million by 2024.”

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A paradigm shift from conventional energy sources to alternative energy sources will stimulate solar panel recycling management market dynamics in the years to come. The global craving for greener energy clubbed with rising volume of decommissioned PV panels will spur solar panel recycling management industry. Aided by a stringent regulatory framework to encourage the adoption of renewable sources, solar energy is at the forefront when it comes to the implementation of clean energy programs.
Based on the process by which solar panels are recycled, the market is bifurcated into the thermal, laser, and mechanical process. Mechanically processed solar panel recycling management industry, which is witnessing wide adoption globally, will record a revenue of more than 300 million over the next seven years. Market share from laser technology will also have strong growth prospects, with a projected annual growth rate of 45% over 2016-2024.

Geographically, Germany is expected to be one of the prominent regions driving the overall market in terms of growth forefront. Rising PV panels installation along with a strong inclination for alternate energy sources are the vital factors driving the regional demand. Germany solar panel recycling industry is estimated to cross over USD 24 billion by 2024.

Japan and China will be the major revenue pockets for APAC solar panel recycling management market. Japan market is forecast to grow at a CAGR of 30% over the period 2016-2024. China solar panel recycling management industry will exceed a revenue of USD 50 billion over the coming seven years.

Driven by the bulk amount of decommissioned PV panels present in the region (which needs immediate recycling), it is anticipated that Chile solar panel recycling management market will grow lucratively at an annual rate of 40% over the forecast span. U.S. industry will also experience steady gains owing to the increasing acceptance of PV panels.

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Industry players will try to increase their ROI through high investments in solar panel recycling management projects, product development, technological innovation, and mergers & acquisitions. Major market participants include PV Recycling LLC, First Solar Incorporation, ECS Refining, Canadian Solar Company, ENVARIS GmbH, Eiki Shoji Company Limited, REMA PV System, Reiling Glass Recycling, Silcontel Limited, and Cellnex Energy.

Some Points From Table Of Content: -

Chapter 5 Solar Panel Recycling Management Market, By Product
5.1 Solar Panel Recycling Management Industry share by product, 2015 & 2024
5.2 Monocrystalline
5.2.1 Monocrystalline Segment, 2013 - 2024
5.2.2 Monocrystalline Segment, by region, 2013 - 2024
5.3 Polycrystalline
5.3.1 Polycrystalline Segment, 2013 - 2024
5.3.2 Polycrystalline Segment, by region, 2013 – 2024
5.4 Thin Films PV Cells
5.4.1 Thin Films PV Cells Segment, 2013 - 2024
5.4.2 Thin Films PV Cells Segment, by region, 2013 – 2024

Chapter 6 Solar Panel Recycling Management Market, By Shelf Life
6.1 Solar Panel Recycling Management market share by shelf life, 2015 & 2024
6.2 Early Loss
6.2.1 Early Loss Segment, 2013 - 2024
6.2.2 Early Loss Segment, by region, 2013 - 2024
6.3 Normal Loss
6.3.1 Normal Loss Segment, 2013 - 2024
6.3.2 Normal Loss Segment, by region, 2013 – 2024

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