UK Solar Panel Recycling Management Market to grow at 35% CAGR from 2016 to 2024

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Solar Panel Recycling Management Market to exceed
360mn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Solar Panel Recycling
Management Market

• Increasing volume of decommissioned PV panels
  coupled with strict laws to boost effective
  recycling will drive the global solar panel
  recycling market. Average shelf life of panels is
  30 years after which they need to be dismantled
  from service and discarded.
• Huge untapped potential with stringent
  regulations to recycle increasing volumes of PV
  waste is set to propel the solar panel recycling
  management market size between 2016 to 2024. EPA
  has laid down regulations referring to Materials
  Safety Data Sheets (MSDSs), Toxics Release
  Inventory (TRI), Resource Conservations and
  Recovery Act (RCRA), Californias Hazardous Waste
  Control Law (HWCL) and Toxicity Characteristic
  Leaching Procedure (TCLP) standards.

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Continued...

• Solar panel recycling management market size from
  mechanical process is set to exceed USD 300
  million in 2024 subject to wide penetration and
  reasonable pricing. Thermal process was valued
  over USD 1 million in 2015 owing to decrease in
  silicon content in PV manufacturing process.
  Laser process is a new technology introduced
  recently and is expected to grow over 45 by 2024
  owing to increasing adoption.
• Solar panel recycling management market size from
  regular loss is expected to exceed USD 250
  million by 2024. Panels decommissioned at end of
  30 years shelf life are classified under regular
  loss. Early loss is predicted to grow over 30
  during the forecast period owing to the quality
  of materials used coupled with weather conditions
  prevalent.
• U.S. solar panel recycling management market size
  was valued over USD 5 million in 2015 and is
  predicted to witness strong growth owing to
  increasing adoption of PV panels coupled with
  stringent regulations towards recycling will
  further augment industry outlook.

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U.S. Solar Panel Recycling Management Market
size, by process 2013-2024 (USD million)

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Continued...

• For Europe, UK solar panel recycling management
  market share is expected to grow over 35 by
  2024. In 2013, UK WEEE introduced regulations
  aimed at reducing solar waste by mandating
  manufacturers to take back decommissioned PV
  panels for recycling. PV producers also need to
  register with Producer Compliance Scheme and
  update appropriate data sought by the government.
• China solar panel recycling management market
  size is expected to exceed USD 50 million between
  2016 to 2024. Under the National High-tech RD
  Programs PV Recycling and Safety Disposal
  Research, specific laws and regulations will be
  introduced to tackle growing panel waste volumes.
• For Middle East, UAE solar panel recycling
  management market share is set to grow over 50
  over the forecast period. The region will witness
  5000 tons of waste panels generated during the
  forecast period subject to increasing adoption of
  alternate energy over conventional fuels.

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