As per Market Research Future (MRFR)’s new analysis, the global solar panel recycling market is projected to strike a CAGR of 33% over the forecast period 2018 to 2023. The market valuation is estimated to grow from USD 90.23 Mn in 2017 to USD 300 Mn by 2023-end. The initiatives undertaken by the governments for the reduction in carbon emissions and the adoption of renewable energy have catapulted the renewable energy industry on an upward trajectory. This, in turn, has catalyzed the growth in the recycling of solar panels across the world.
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The support extended by the government for reduction of carbon footprints through large-scale solar power generation is expected to influence the expansion of the market positively over the next couple of years. Furthermore, the developing economies resonate promising potential to emerge as major country-level markets in the forthcoming years. Nevertheless, the high cost of energy storage is likely to hold the growth of the solar panel recycling market over the assessment period.
This MRFR’s report offers a five-year forecast (2018 to 2023) for the global solar panel recycling market. It highlights the current market status and industry trends. For market sizing, all the types of solar panel recycling such as silicon solar panels, monocrystalline solar panels, polycrystalline solar panels, and thin-film solar panels are profiled. A revenue analysis of different processes encompasses thermal, mechanical, and laser. The solar panel recycling market is also studied on the basis of shelf life for an in-depth study, which includes normal loss and early loss. The geographical study of the solar panel recycling market spans across North America, Europe, Asia Pacific, and Rest of the World.
Some of the key players operating in the global solar panel recycling market are Yingli Energy Co, Silcontel, Reclaim PV Recycling, Zorlu Holding, First Solar, Canadian Solar Inc, Rinovasol Group, Reiling GmbH & Co, ECS Refining LLC, and Silrec Corporation.
MRFR’s report offers a comprehensive segmental analysis of the global solar panel recycling market based on type, process, and shelf life.
Global Solar Panel Recycling Market, By Type
- Silicon Solar Panels
- Monocrystalline Solar Panels
- Polycrystalline Solar Panels
- Thin-Film Solar Panels
Global Solar Panel Recycling Market, By Process
Global Solar Panel Recycling Market, By Shelf Life
- Normal loss
- Early loss
Global Solar Panel Recycling Market, By Region
- North America
- Asia Pacific
- Rest of the World
Table Of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Key Buying Criteria
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
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