San Francisco, California, December 06, 2017 – The global solar panel recycling management market is foreseen to gain strength due to the increasing adoption of clean energy in developed countries, augmenting the demand for products such as polycrystalline cells. TMR Research foresees the market to also be advantaged by the growing adoption of other products, viz. thin film photovoltaic (PV) cells because of their economic prices, outclassing quality, and longer shelf life. In a TMR Research report, the analysts explain more factors that could have a positive effect on the growth of the market. Competitive landscape, geographical expansion, and other aspects have also been detailed in the report.
Industrial, non-commercial, and commercial organizations have been largely focusing on the exploration of solar energy and its impeccable benefits. This has created a significant demand for solar panels, and so for solar panel recycling management. With the rising need for sustainable energy, the uptake of solar panels has increased considerably in the past few years. As a result, the growth of the world solar panel recycling management market is foretold to see a new rise in the near future. The demand for solar panels could increase with the rise of government initiatives to promote the deployment of solar panels to tap into the benefits of non-commercial energy sources.
Organizations improving their facilities with novel and enhanced solar panels that give a better performance and offer a superior technology to work with are anticipated to up the demand for solar panel recycling management. This could be owing to the need to reduce carbon emissions and dispose waste effectively as old solar panels undergo recycling. PV system manufacturers in Europe have been advised according to the Waste Electrical and Electronic Equipment (WEEE) Directive 2012/19/EU to become responsible for the effective disposal of decommissioned systems and also their recycling.
The growth of the international solar panel recycling management market is predicted to be boosted further as strict regulatory framework for the decommissioning of incompetent solar panels and installation of new ones takes precedence. The market growth could see another rise in the foreseeable future on account on swelling investments put forth to cut down on carbon footprint and curb pressure on landfills. Solar panel components manufacturers have been shouldering the responsibility of recycling management despite the solar industry being at its elementary stage. With consumption patterns seeing a drastic change, there has been a constant focus on the deliverance of enhanced versions of solar panels.
According to seasoned researchers, it could be crucial for players to collaborate with users in order to craft superior solutions for the recycling of solar panels. Mechanical and thermal are among the two most popular ones used for recycling solar panels. However, the mechanical process is expected to gain a widespread prominence due to its ability to decrease emissions and ensure lesser contamination caused due to the use of chemicals.
The U.S. has witnessed a growing awareness about the use of solar panels, as a result of which North America is projected to take a lion’s share in the international solar panel recycling management market. A mounting count of solar farms due for upgrade could provide a strong boost to the market in North America. Emerging regions such as Asia Pacific and Latin America taking a stand to become self-reliant when it comes to energy resources are forecast to showcase a firm growth in the market.
Analysts authoring the report explore some key players of the worldwide solar panel recycling management market such as REMA PV Systems, ECS Refining, and Envaris.
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