What is Photovoltaic Recycling Technology?
Photovoltaic Recycling Technology is the stride towards sustainability. It aims to minimalize any waste created due to inefficiencies in the earlier produced solar panels. The types of parts which are aimed to be recycled under photovoltaic recycling includes Polycrystalline Photovoltaic Modules, Monocrystalline Photovoltaic Modules, Thin-film Modules and Tedlar Composite among others. The growing consensus for renewable energy is the major reason for the growth of the photovoltaic recycling technology market. Geographically, Asia Pacific is expected to emerge as the biggest market of the photovoltaic recycling technology market.
The market study is broken down by Type (Monocrystalline Photovoltaic Modules, Polycrystalline Photovoltaic Modules, Thin-film Modules, Tedlar Composite and Others), by Application (Material Reuse, Component Reuse, Commecial Use and Others) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Canadian Solar Inc. (Canada), JA Solar Co. Ltd (China), First Solar Inc. (United States), Hanwha Group Co. Ltd (South Korea), Reiling Group (Germany), Trina Solar Co., Ltd. (China), Yingli Energy Co. Ltd (China), Sharp Corporation (Japan), Renesola (United States) and Reclaim PV Recycling Pty Ltd (Australia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Envaris GmbH (Germany), Echo Environmental (United States) and Immark AG (Germany).
AdvanceMarketAnalytics has segmented the market of Global Photovoltaic Recycling Technology market by Type, Application and Region.
On the basis of geography, the market of Photovoltaic Recycling Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Process, the sub-segment i.e. Thermal will boost the Photovoltaic Recycling Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Leeward Renewable Energy, LLC, a United States based leading North American renewable energy company has announced completion of acquisition of a solar project platform of approximately 10 gigawatts from its previous owner First Solar, Inc. The acquisition will further bolster the Leeward Renewable’s regional standings in the renewable energy space.
In 2021, Lotus Energy, an Australia based energy utility company has announced completion of Australia’s first solar panel recycling facility. Which is even operational. The aim is to reach the Australia’s vision as of sustainability.
- Monocrystalline Photovoltaic Modules Account for Larger Market Share
- Enhanced Focus on Sustainability
- Growing Demand for Renewable Energy
- Developing Countries in Africa and Asia Pacific Region have Huge Opportunity to Grow
- Complexity in the Technology
- High Cost of Repair and Maintenance
Key Target AudiencePhotovoltaic Recycling Technology Developers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Canadian Solar Inc. (Canada), JA Solar Co. Ltd (China), First Solar Inc. (United States), Hanwha Group Co. Ltd (South Korea), Reiling Group (Germany), Trina Solar Co., Ltd. (China), Yingli Energy Co. Ltd (China), Sharp Corporation (Japan), Renesola (United States) and Reclaim PV Recycling Pty Ltd (Australia) etc.
2. Can we have customized study for Photovoltaic Recycling Technology Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Photovoltaic Recycling Technology Market by 2026?
Analysts at AMA estimates Photovoltaic Recycling Technology Market to reach USD Million by 2026.