Global wind turbine market was valued at US$90.114 billion in 2019 and is expected to grow at a CAGR of 5.34% over the forecast period to reach a total market size of US$123.154 billion in 2025. Wind power technologies transform the kinetic energy of the wind into mechanical power. Wind is used to generate electricity using the kinetic energy created by air in motion which is then transformed into electrical energy using wind turbines or wind energy conversion systems. The amount of ener Read more...
Global Lithium-Ion (Li-Ion) Battery Recycling market was valued at US$375.200 million in 2019 and is expected to grow at a CAGR of 24.11% over the forecast period to reach a total market size of US$1,370.949 million in 2025. Lithium-ion (Li-ion) batteries offer added advantages over conventional batteries such as compact structure, performance, and lightweight. This makes them more suitable in a world of portable electronic devices and electric vehicles (EVs). Read more...
The global PV Backsheet market is projected to grow at a CAGR of 9.97% during the forecast period. Rising solar PV installation is the major driver of the solar PV backsheet market. Growing focus on the renewable energy sector due to rising electricity prices and environmental sustainability concerns is driving the installation of solar panels which, in turn, is propelling the growth of the solar PV backsheet market. The declining cost of solar panels is further augmenting the use of solar energ Read more...
The North America solar panel recycling market is projected to grow at a CAGR of 26.21% during the forecast period. Rising adoption of solar energy solutions is countries like U.S., Canada, and Mexico is driving the demand for solar panel recycling solutions in the region. According to IRENA statistics, the regular-loss solar panel waste volume in the region is projected to increase from 7200 tonnes in 2016 to 189,500 tonnes in 2030. Rising awareness about harmful impact of elements present Read more...
The Europe solar panel recycling market is projected to grow at a CAGR of 20.70% during the forecast period. Early adoption of renewable energy sources in European countries is the major driver of solar panel recycling market in the region. Growing solar panel waste volume in countries like Germany and France, supported by strict regulation regarding the recycling of solar panels in the region is significantly propelling the growth of Europe Solar Panel Recycling market. By country, Germany Read more...
The Asia Pacific (APAC) solar panel recycling market is projected to grow at a CAGR of 27.86% during the forecast period. Rapid rise in the adoption of solar energy in countries like Japan, China, and India are significantly driving the demand for solar panel recycling solutions and services in the region. According to IRENA statistics, total solar PV installed capacity in Asia has reached 209,460 MW in 2017 from 370 MW in 2000. There has been a rise in the volume of solar panel waste in th Read more...
The solar photovoltaic (PV) backsheet market is estimated to grow at a CAGR of 9.97% over the forecast period to reach US$2,385.411 million by 2024, from US$1,348.648 million in 2018. Rising solar PV installation is the major driver of the solar PV back sheet market. Growing focus on the renewable energy sector due to rising electricity prices and Read more...
The photovoltaic (PV) inverter market is projected to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. Growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. Favorable government policies and initiatives to promote renewable energy is also boosting the growth of PV inverter market. Declining cost of components has also escalated the solar PV installations, thus positively im Read more...
Solar Water Heater market is projected to grow at a CAGR of 7.80% to reach US$3.796 billion by 2023, from US$2.418 billion in 2017. Growing demand for energy-efficient appliances is fueling the demand for solar water heaters worldwide. Stringent regulatory standards coupled with supportive government initiatives and policies to boost the consumption of solar water heaters is further contributing to the growth of global solar water heaters market. Technological advancements in solar water heaters Read more...
Global Solar PV Glass Market is projected to grow at a CAGR of 24.60% during the forecast period, reaching a total market size of US$26.848 billion in 2025 from US$7.175 billion in 2019. Growing focus on renewable energy sources due to rising global warming and climate change is the major driver of the solar PV glass market. Increasing installed capacity of solar energy is significantly driving the demand for solar PV glass. According to IEA (International Energy Agency), renewable power Read more...
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