Market Overview:
The global photovoltaic modules re-use market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of using recycled PV modules. Based on type, monocrystalline PV modules are expected to account for a larger share of the global photovoltaic modules re-use market in 2018. This can be attributed to their high efficiency and low cost as compared with other types of PV modules. Polycrystalline PVmodules are projectedto register higher growth rates overthe forecast period due their lower manufacturing costs and superior performance characteristics as compared with monocrystalline PVmodules. Thin-film solar cells are anticipatedto witness significant adoption due their low manufacturing costs, light weight, and flexibility.
Product Definition:
A photovoltaic module is a packaged and connected assembly of solar cells that generate electricity when exposed to sunlight. Photovoltaic modules are used in a wide range of applications, from small consumer electronics devices to large-scale power plants.
The importance of photovoltaic modules lies in their ability to convert sunlight into electrical energy. This renewable energy can be used to power homes, businesses, and other facilities. Additionally, the use of photovoltaic modules helps reduce greenhouse gas emissions and combat climate change.
Monocrystalline Photovoltaic Modules:
Monocrystalline photovoltaic modules are made from crystalline silicon, which has a higher efficiency than amorphous. Monocrystalline PV modules produce more power in the same area of land as compared to polycrystalline and thin-film solar technology. The module manufacturing process is similar to that of monocrystalline glass production; however, instead of melting silica sand, companies such as First Solar use purified water for creating the melt.
Polycrystalline Photovoltaic Modules:
Polycrystalline photovoltaic modules are crystalline solid-state PV devices made from a single crystal of the semiconductor material. They possess higher efficiency and reliability as compared to monocrystalline and polycrystalline modules. The market for used polycrystalline photovoltaic modules is expected to witness significant growth over the forecast period owing to increasing demand for renewable energy in Europe coupled with rising electricity prices in the region.
Application Insights:
The application segment includes the material reuse and component reuse. The material re-use is categorized into two parts, primary and secondary materials. Primary materials include polycrystalline silicon, monocrystalline wafer, cell frame and module body. Module efficiency depends on the type of cells used; for example, thin-film photovoltaic modules are more efficient than thick film types in terms of energy generation per unit area as well as weight.
Module efficiency also varies with respect to location; for instance, solar rays enter through one side of a module and leave through another side thus creating imbalance in energy production between two sides (front facing & back facing). This leads to reduced power output from front-facing sides which needs to be increased from rear-facing sides thus resulting in higher overall efficiency across all modules irrespective of their location on a roof top or ground level.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region is attributed to increasing government initiatives, rising awareness among people about solar energy, and growing demand for electricity in emerging economies including China and India.
The Middle East & Africa market are anticipated to witness a significant CAGR over the forecast period owing to rapid development of renewable energy infrastructure across countries such as Saudi Arabia, UAE, Egypt & Jordan. Moreover, these nations have signed numerous international agreements regarding carbon emission reduction which depends upon electricity generation from renewable sources such as photovoltaic systems. This has led PV modules re-use industry growth in MEA region during the forecast period.
North America market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for renewable energy: The global demand for renewable energy is increasing due to the growing concerns about climate change and the need to reduce greenhouse gas emissions. This is driving investments in solar and wind power, which are both expected to grow at a CAGR of more than 10% through 2020.
- Falling costs of solar PV modules: The cost of solar PV modules has been falling rapidly in recent years, making them increasingly competitive with other forms of electricity generation. This is likely to continue as technology improves and manufacturing capacity expands.
- Rising awareness of environmental benefits: There is growing awareness among consumers and businesses about the environmental benefits of using renewable energy sources like solar PV modules. This is helping to drive demand for these products even in countries where subsidies are not available or have been reduced or eliminated altogether .
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Modules Re-Use Market Research Report
By Type
Monocrystalline Photovoltaic Modules, Polycrystalline Photovoltaic Modules, Thin-film Modules
By Application
Material Reuse, Component Reuse
By Companies
First Solar, Veolia, EIKI SHOJI, Echo Environmental, Reiling GmbH, GET-Green, NPC Group, Rinovasol Group, Bocai E-energy, RecyclePV
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Modules Re-Use Market Report Segments:
The global Photovoltaic Modules Re-Use market is segmented on the basis of:
Types
Monocrystalline Photovoltaic Modules, Polycrystalline Photovoltaic Modules, Thin-film Modules
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Material Reuse, Component Reuse
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- First Solar
- Veolia
- EIKI SHOJI
- Echo Environmental
- Reiling GmbH
- GET-Green
- NPC Group
- Rinovasol Group
- Bocai E-energy
- RecyclePV
Highlights of The Photovoltaic Modules Re-Use Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monocrystalline Photovoltaic Modules
- Polycrystalline Photovoltaic Modules
- Thin-film Modules
- By Application:
- Material Reuse
- Component Reuse
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photovoltaic Modules Re-Use Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photovoltaic modules are typically used once and then disposed of. However, there is a growing trend to re-use photovoltaic modules. This is done by either refurbishing the module or using it in a new application.
Some of the key players operating in the photovoltaic modules re-use market are First Solar, Veolia, EIKI SHOJI, Echo Environmental, Reiling GmbH, GET-Green, NPC Group, Rinovasol Group, Bocai E-energy, RecyclePV.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic Modules Re-Use Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photovoltaic Modules Re-Use Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic Modules Re-Use Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photovoltaic Modules Re-Use Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photovoltaic Modules Re-Use Market Size & Forecast, 2020-2028
4.5.1 Photovoltaic Modules Re-Use Market Size and Y-o-Y Growth
4.5.2 Photovoltaic Modules Re-Use Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monocrystalline Photovoltaic Modules
5.2.2 Polycrystalline Photovoltaic Modules
5.2.3 Thin-film Modules
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Material Reuse
6.2.2 Component Reuse
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic Modules Re-Use Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photovoltaic Modules Re-Use Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monocrystalline Photovoltaic Modules
9.6.2 Polycrystalline Photovoltaic Modules
9.6.3 Thin-film Modules
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Material Reuse
9.10.2 Component Reuse
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monocrystalline Photovoltaic Modules
10.6.2 Polycrystalline Photovoltaic Modules
10.6.3 Thin-film Modules
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Material Reuse
10.10.2 Component Reuse
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monocrystalline Photovoltaic Modules
11.6.2 Polycrystalline Photovoltaic Modules
11.6.3 Thin-film Modules
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Material Reuse
11.10.2 Component Reuse
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monocrystalline Photovoltaic Modules
12.6.2 Polycrystalline Photovoltaic Modules
12.6.3 Thin-film Modules
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Material Reuse
12.10.2 Component Reuse
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monocrystalline Photovoltaic Modules
13.6.2 Polycrystalline Photovoltaic Modules
13.6.3 Thin-film Modules
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Material Reuse
13.10.2 Component Reuse
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photovoltaic Modules Re-Use Market: Competitive Dashboard
14.2 Global Photovoltaic Modules Re-Use Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 First Solar
14.3.2 Veolia
14.3.3 EIKI SHOJI
14.3.4 Echo Environmental
14.3.5 Reiling GmbH
14.3.6 GET-Green
14.3.7 NPC Group
14.3.8 Rinovasol Group
14.3.9 Bocai E-energy
14.3.10 RecyclePV
