In a recent published report, Kenneth Research has updated the market report for Solar Panel Recycling Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Solar Panel Recycling Market products.
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The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users. According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports.
Global Solar Panel Recycling Market was valued at USD 77.96 Million in the year 2017. Global Solar Panel Recycling Market is further estimated to grow at a CAGR of 27.03% from 2018 to reach USD 528.85 Million by the year 2025. Europe region holds the highest Market share in 2017 and Asia-Pacific Market is considered as the fastest growing Market in the predicted period. At a country level, Germany holds the highest Market share in 2017 and it is projected to grow strongly in the coming years.
Major players in Solar Panel Recycling Market are Trina Solar, Canadian Solar Inc., Sharp Corporation, Renesola, JA Solar Co. Ltd., Hanwha Group, SunPower Corporation, Reclaim PV Recycling Pty Ltd and 12 more companies information is provided in research report. Sharp Corporation holding the substantial Market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the key manufacturers in recent years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
SWOT Analysis of Solar Panel Recycling Market
Strength
Government grants
Weakness
A higher cost of recycling technology
Opportunities
Emerging economic opportunity
Use of hazardous material in solar panel.
Threats
Lack of awareness, technology, and poor infrastructure for PV cell recycling
The Global Solar Panel Recycling Market is segmented by product, by application, and by region in the projected years. Amongst various Product type, the Polycrystalline segment is projected to grow with maximum Market share.
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Solar Panel Recycling Market Overview by Application
Mechanical
Laser
Thermal
Solar Panel Recycling Market Overview by Product
Polycrystalline
Monocrystalline
Thin Films PV Cells
Solar Panel Recycling Market Overview By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Table of Content
1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Solar Panel Recycling Industry, By Product
6.1. Polycrystalline
6.2. Monocrystalline
6.3. Thin Films PV Cells
7. Solar Panel Recycling Industry, By Application
7.1. Mechanical
7.2. Laser
7.3. Thermal
8. Geographical Analysis
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. RoE
8.4. Asia Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. RoAPAC
8.5. RoW
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