Global Solar Panel Recycling Market

Solar Panel Recycling Market Segmentation By Type (Monocrystalline, & Polycrystalline, Thin Film & Others); By Process (Thermal, Mechanical, Laser); By Shelf Life (Normal Loss, Early Loss); By End Users (Manufacturers and Government Authorities) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1481 | Published On: Feb 02, 2023
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Introduction to Solar Panels

Growing energy crisis, high carbon emissions and increased environmental concerns has led to the implementation of solar panels for energy generation. Solar panels are systems that generate electricity from solar energy for both residential and commercial purposes. These are made up of glass, aluminum, synthetic materials, silicon and other metals which are estimated to contribute to large amount of waste after the completion of solar panels’ lifecycle, further leading to environmental degradation.

Solar panel recycling is the processing of systems or panels to obtain the parts that can be reused in the manufacturing of other products. It is a complex task as they contain certain metals which must be separated before, for proper recycling. Solar panel recycling has environmental and economic benefits.


Market Size and Forecast

The global solar panel recycling market is estimated to cross USD 325 million by 2027 on the back of growing adoption of solar power energy generation methods backed by favoring government regulations around the world. The market is anticipated to record a CAGR of around 21.4% over the forecast period i.e. 2019-2027. The market is segmented by shelf life into normal and early loss segments, out of which, the early loss segment is anticipated to witness significant growth in upcoming years owing to significant presence of products with less shelf life in the market. Additionally, the degradation of solar panels due to maintenance issues, unfavorable weather conditions and lack of standardization are some of the factors supporting the growth of this segment in the market.

The market is further segmented by process into thermal, mechanical and laser processes; by type into monocrystalline, polycrystalline, thin film and others, out of which,  monocrystalline segment is influencing the growth of the market on account of its practical features like greater efficiency, superior grade material, longer shelf life and excellent heat resistance.

Companies in this market are focusing on untapped countries and regions in order to expand their operations. In addition, new manufacturers are also entering the market owing to the potential growth prospects pertaining to solar panels and increasing initiatives to recycle PV panels. 

United States Canada Solar Panel Recycling Market Size

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Growth Drivers

Growing Environmental Concerns

The solar panels are expected to contribute to large amount of waste after completing their expected lifecycle of around 30 years, which is further expected to raise environmental concerns around the globe. According to IRENA (International Renewable Energy Agency), the total amount of PV panel waste around the globe is estimated to be 78 million tonnes by 2050. This is expected to contribute to pollution with waste released through landfill among other forms of reducing waste, driving many countries to work towards recovery and recycling PV panels. The adoption of effective waste regulations and growing investments related to recycling PV solar panels is expected to boost the growth of the market in future.

Favorable Government Regulations

Several laws and regulations, such as the European Waste Electrical and Electronic Equipment (WEEE) Directive, have laid out effective ways of managing waste related to solar panels. These regulations are proposed by governing bodies of various countries to encourage green projects. Additionally, government support in the form of subsidies and tax benefit to the service providers is one the major factors that are boosting the growth of the market.

Restraints

High Investment and Lack of Skills

The research and development activities pertaining to solar panel recycling involves huge investment. Additionally, there are lack of skills and infrastructure required for recycling PV panels. These factors are anticipated to dampen the growth of the market over the forecast period.


Market Segmentation

Our-in depth analysis of the solar panel recycling market includes the following segments:

By Type

  • Monocrystalline
  • Polycrystalline
  • Thin Film
  • Others

By Process

  • Thermal
  • Mechanical
  • Laser

By Shelf-Life

  • Normal Loss
  • Early Loss

By End Users

  • Manufacturers
  • Government Authorities

By Region

On the basis of regional analysis, the solar panel recycling market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market in North America is anticipated to witness significant growth during the forecast period owing to the increasing use of solar panels coupled with stringent recycling regulations across the region. The growing adoption of solar panels in emerging economies, such as, India & China is expected to create new growth opportunities for market players in upcoming years. These factors are estimated to boost the growth of the market in Asia-Pacific region.

The solar panel recycling market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


United States Canada Solar Panel Recycling Market Size
Get more information on this report: Request Sample PDF

Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

    • Silcontel Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rinovasol Group
    • Reiling GmbH & Co. KG
    • ENVARIS GmbH
    • ECS Refining LLC
    • Reclaim PV Recycling Pty Ltd.
    • Silrec Corporation
    • Yingli Green Energy Holding Company Ltd.

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