Solar Panel Recycling Market SWOT Analysis by 2031
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 2031" 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 2031 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 2021, 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.
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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 2031 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 2021, 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Panel Recycling Market - By Process
1.3.2 Solar Panel Recycling Market - By Type
1.3.3 Solar Panel Recycling Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PANEL RECYCLING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SOLAR PANEL RECYCLING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR PANEL RECYCLING MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PANEL RECYCLING - GLOBAL MARKET OVERVIEW
6.2. SOLAR PANEL RECYCLING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR PANEL RECYCLING MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
7.1. OVERVIEW
7.2. PROCESS MARKET FORECASTS AND ANALYSIS
7.3. THERMAL
7.3.1. Overview
7.3.2. Thermal Market Forecast and Analysis
7.4. MECHANICAL AND LASER
7.4.1. Overview
7.4.2. Mechanical and Laser Market Forecast and Analysis
8. SOLAR PANEL RECYCLING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. CRYSTALLINE SILICON
8.3.1. Overview
8.3.2. Crystalline Silicon Market Forecast and Analysis
8.4. THIN FILM
8.4.1. Overview
8.4.2. Thin Film Market Forecast and Analysis
9. SOLAR PANEL RECYCLING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Panel Recycling Market Overview
9.1.2 North America Solar Panel Recycling Market Forecasts and Analysis
9.1.3 North America Solar Panel Recycling Market Forecasts and Analysis - By Process
9.1.4 North America Solar Panel Recycling Market Forecasts and Analysis - By Type
9.1.5 North America Solar Panel Recycling Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Panel Recycling Market
9.1.5.1.1 United States Solar Panel Recycling Market by Process
9.1.5.1.2 United States Solar Panel Recycling Market by Type
9.1.5.2 Canada Solar Panel Recycling Market
9.1.5.2.1 Canada Solar Panel Recycling Market by Process
9.1.5.2.2 Canada Solar Panel Recycling Market by Type
9.1.5.3 Mexico Solar Panel Recycling Market
9.1.5.3.1 Mexico Solar Panel Recycling Market by Process
9.1.5.3.2 Mexico Solar Panel Recycling Market by Type
9.2. EUROPE
9.2.1 Europe Solar Panel Recycling Market Overview
9.2.2 Europe Solar Panel Recycling Market Forecasts and Analysis
9.2.3 Europe Solar Panel Recycling Market Forecasts and Analysis - By Process
9.2.4 Europe Solar Panel Recycling Market Forecasts and Analysis - By Type
9.2.5 Europe Solar Panel Recycling Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Panel Recycling Market
9.2.5.1.1 Germany Solar Panel Recycling Market by Process
9.2.5.1.2 Germany Solar Panel Recycling Market by Type
9.2.5.2 France Solar Panel Recycling Market
9.2.5.2.1 France Solar Panel Recycling Market by Process
9.2.5.2.2 France Solar Panel Recycling Market by Type
9.2.5.3 Italy Solar Panel Recycling Market
9.2.5.3.1 Italy Solar Panel Recycling Market by Process
9.2.5.3.2 Italy Solar Panel Recycling Market by Type
9.2.5.4 United Kingdom Solar Panel Recycling Market
9.2.5.4.1 United Kingdom Solar Panel Recycling Market by Process
9.2.5.4.2 United Kingdom Solar Panel Recycling Market by Type
9.2.5.5 Russia Solar Panel Recycling Market
9.2.5.5.1 Russia Solar Panel Recycling Market by Process
9.2.5.5.2 Russia Solar Panel Recycling Market by Type
9.2.5.6 Rest of Europe Solar Panel Recycling Market
9.2.5.6.1 Rest of Europe Solar Panel Recycling Market by Process
9.2.5.6.2 Rest of Europe Solar Panel Recycling Market by Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Panel Recycling Market Overview
9.3.2 Asia-Pacific Solar Panel Recycling Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Panel Recycling Market Forecasts and Analysis - By Process
9.3.4 Asia-Pacific Solar Panel Recycling Market Forecasts and Analysis - By Type
9.3.5 Asia-Pacific Solar Panel Recycling Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Panel Recycling Market
9.3.5.1.1 Australia Solar Panel Recycling Market by Process
9.3.5.1.2 Australia Solar Panel Recycling Market by Type
9.3.5.2 China Solar Panel Recycling Market
9.3.5.2.1 China Solar Panel Recycling Market by Process
9.3.5.2.2 China Solar Panel Recycling Market by Type
9.3.5.3 India Solar Panel Recycling Market
9.3.5.3.1 India Solar Panel Recycling Market by Process
9.3.5.3.2 India Solar Panel Recycling Market by Type
9.3.5.4 Japan Solar Panel Recycling Market
9.3.5.4.1 Japan Solar Panel Recycling Market by Process
9.3.5.4.2 Japan Solar Panel Recycling Market by Type
9.3.5.5 South Korea Solar Panel Recycling Market
9.3.5.5.1 South Korea Solar Panel Recycling Market by Process
9.3.5.5.2 South Korea Solar Panel Recycling Market by Type
9.3.5.6 Rest of Asia-Pacific Solar Panel Recycling Market
9.3.5.6.1 Rest of Asia-Pacific Solar Panel Recycling Market by Process
9.3.5.6.2 Rest of Asia-Pacific Solar Panel Recycling Market by Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Panel Recycling Market Overview
9.4.2 Middle East and Africa Solar Panel Recycling Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Panel Recycling Market Forecasts and Analysis - By Process
9.4.4 Middle East and Africa Solar Panel Recycling Market Forecasts and Analysis - By Type
9.4.5 Middle East and Africa Solar Panel Recycling Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Panel Recycling Market
9.4.5.1.1 South Africa Solar Panel Recycling Market by Process
9.4.5.1.2 South Africa Solar Panel Recycling Market by Type
9.4.5.2 Saudi Arabia Solar Panel Recycling Market
9.4.5.2.1 Saudi Arabia Solar Panel Recycling Market by Process
9.4.5.2.2 Saudi Arabia Solar Panel Recycling Market by Type
9.4.5.3 U.A.E Solar Panel Recycling Market
9.4.5.3.1 U.A.E Solar Panel Recycling Market by Process
9.4.5.3.2 U.A.E Solar Panel Recycling Market by Type
9.4.5.4 Rest of Middle East and Africa Solar Panel Recycling Market
9.4.5.4.1 Rest of Middle East and Africa Solar Panel Recycling Market by Process
9.4.5.4.2 Rest of Middle East and Africa Solar Panel Recycling Market by Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Panel Recycling Market Overview
9.5.2 South and Central America Solar Panel Recycling Market Forecasts and Analysis
9.5.3 South and Central America Solar Panel Recycling Market Forecasts and Analysis - By Process
9.5.4 South and Central America Solar Panel Recycling Market Forecasts and Analysis - By Type
9.5.5 South and Central America Solar Panel Recycling Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Panel Recycling Market
9.5.5.1.1 Brazil Solar Panel Recycling Market by Process
9.5.5.1.2 Brazil Solar Panel Recycling Market by Type
9.5.5.2 Argentina Solar Panel Recycling Market
9.5.5.2.1 Argentina Solar Panel Recycling Market by Process
9.5.5.2.2 Argentina Solar Panel Recycling Market by Type
9.5.5.3 Rest of South and Central America Solar Panel Recycling Market
9.5.5.3.1 Rest of South and Central America Solar Panel Recycling Market by Process
9.5.5.3.2 Rest of South and Central America Solar Panel Recycling Market by Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR PANEL RECYCLING MARKET, KEY COMPANY PROFILES
11.1. AURUBIS AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CANADIAN SOLAR
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ECHO ENVIRONMENTAL, LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENVARIS GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FIRST SOLAR
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HANWHA GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. REILING GMBH AND CO. KG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SILREC CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUNPOWER CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRINA SOLAR
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AURUBIS AG
2.CANADIAN SOLAR
3.ECHO ENVIRONMENTAL, LLC
4.ENVARIS GMBH
5.FIRST SOLAR
6.HANWHA GROUP
7.REILING GMBH and CO. KG
8.SILREC CORPORATION
9.SUNPOWER CORPORATION
10.TRINA SOLAR
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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