Dublin, Oct. 06, 2022 (GLOBE NEWSWIRE) -- The "Solar Panel Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global solar panel recycling market size reached US$ 110.4 Million in 2021. Looking forward, the publisher expects the market to reach US$ 302.9 Million by 2027, exhibiting a CAGR of 18.32% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. Solar panels comprise hazardous materials, such as silicon, silver, aluminum, copper, gallium, lead, and cadmium. Their increasing installation across the globe has fueled the need for recycling to reduce waste generation. Solar panel recycling involves activities ranging from decommissioning to collection and sorting. It prevents the release of hazardous substances from waste streams and lessens the greenhouse (GHG) gas emissions of photovoltaic (PV) modules. Presently, several manufacturers are purifying recovered materials to use in new panels or other components like glass foam. The rising sales of solar panels worldwide due to the increasing adoption of renewable energy sources is resulting in a massive amount of waste streams in landfills every year. This represents one of the key factors stimulating the need for solar panel recycling methods to minimize human health risks and ensure end-of-life (EoL) management. It also helps to reduce the overall cost of new panels and create job opportunities.
Apart from this, the introduction of strict regulations and policies, such as product stewardship and increasing landfill costs, by governing authorities of numerous countries is also contributing to the market growth. Additionally, these authorities are legalizing recycling processes and implementing various solar energy projects. This, in turn, is presenting lucrative opportunities to manufacturers operating in this industry for expanding their market reach. Furthermore, several companies are investing in research and development (R&D) activities to recover and recycle rare metal elements, which is anticipated to promote the market growth. Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global solar panel recycling market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on process, type, material and shelf life. Breakup by Process:
Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 5 Global Solar Panel Recycling Market 6 Market Breakup by Process 7 Market Breakup by Type 8 Market Breakup by Material 9 Market Breakup by Shelf Life 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/dc46w2
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.