Rise In Energy Demand To Positively Impact Solar Panel Recycling Market's Growth Over 2023-2033


(MENAFN- America News Hour) Key Companies Covered in the
Solar Panel Recycling Market
Research Reports
Canadian Solar Inc, First Solar Inc, Hanwha Group Co. Ltd, JA Solar Co. Ltd, Reclaim PV Recycling Pty Ltd., Reiling Group, Renesola, Sharp Corporation
and other key market
players

CRIFAX added a new market
research report on
'Global
(U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, China, India, Japan, Australia, South Korea, Malaysia, Brazil, Mexico, Argentina, GCC, South Africa)
Solar Panel Recycling Market , 2021-2030'
to its database of market
research collaterals consisting of overall market
scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market
are also stated in the report.

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On the back of growing population and economic development around the world combined with rising energy
demand among residential, commercial and public services, and transport
sector, the Solar Panel Recycling Market


is estimated to witness exuberant growth over the forecast period, i.e., 2021-2030. According to IEA (International Energy Agency), the worldwide energy
demand grew by 4% (900TWh) in 2018. In the same year, the estimation of total electricity production across the globe was attained through coal
and natural gas
, with coal
contributing to 25.6% and natural gas
with 27.9% of the total production. Additionally, there is a rising demand for clean, sustainable and eco-friendly energy
generation due to increased concerns pertaining to rise in CO2 emissions from energy
generation.

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Driven by these concerns, many government
bodies introduced strict policies and regulations in order to reduce carbon emissions and their adverse impact on the environment. These are some of the notable factors that are contributing to the growth of the
solar panel recycling market

.

Moreover, the growing awareness related to climate change and environment degradation is encouraging many manufacturers to implement sustainable energy
strategies and invest highly in environment friendly power generation technologies, which is further estimated to promote sustainable development among various nations across the globe. With renewable
s comprising of almost 45% of the electricity production growth around the world, IEA estimated an accelerated growth of 7% (almost 450TWh) in energy
generation from renewable
s in 2018 as compared to an annual average growth of 6% since 2010. During the time period of 2017-18, around 40% of the growth in renewable
electricity production in China, 26% in Europe, 7% in the United States, 6% in India and 21% of the growth was recorded in Rest of the world. The rising number of initiatives to achieve cleaner energy
goals is estimated to positively impact the growth of the Solar Panel Recycling Market
throughout the forecast period.

To provide better understanding of internal and external market
ing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the Solar Panel Recycling Market
report. Moreover, the report consists of market
segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter's five force model, absolute $ opportunity and anticipated cost structure of the market
.

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