Energy & Green Renewable Technology Market News

Solar panel recycling market worth US$ 327.69 million by 2023

Energy Market Research

This research report scrutinizes the Solar Panel Recycling Market By Application (Mechanical, Laser, Thermal) By Product (Polycrystalline, Monocrystalline, Thin Films PV Cells).

GLOBAL SOLAR PANEL RECYCLING MARKET was valued at USD 77.95 Million in the year 2017. Global Solar Panel Recycling Market is further estimated to grow at a CAGR of 27.04% from 2018 to reach USD 327.69 Million by the year 2023.

Europe region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the predicted period. At a country level, Germany holds the highest market share in 2017 and it is projected to grow strongly in the coming years.

 

Trina Solar (China), Canadian Solar Inc. (Canada), Sharp Corporation (Japan), Renesola (China), JA Solar Co., Ltd.

(China), Hanwha Group (South Korea), SunPower Corporation (U.S), Reclaim PV Recycling Pty Ltd (Australia) are some of the key players in the Solar Panel Recycling market with Sharp Corporation holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater to changing demand of end users.

Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the key manufacturers in recent years.

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Drivers:

             Government grants

Restraints:

             A higher cost of recycling technology

Opportunities:

             Emerging economic opportunity

             Use of hazardous material in solar panel.

Challenges:

             Lack of awareness, technology, and poor infrastructure for PV cell recycling 

The Global Solar Panel Recycling Market is segmented by product, by application, and by region in the projected years. Amongst various Product type, the Polycrystalline segment is projected to grow with maximum market share.

On the other hand by product type, Thin Film PV Cells segment for this market is estimated to grow at the highest CAGR of XXX during the year 2018-2023.

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Key Benefits for Stakeholders

Solar Panel Recycling Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Product

Polycrystalline

Monocrystalline

Thin Films PV Cells

By Application

Mechanical

Laser

Thermal

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

  1. 1. Trina Solar (China)
  2. 2. Canadian Solar Inc. (Canada)
  3. 3. Sharp Corporation (Japan)
  4. 4. Renesola (China)
  5. 5. JA Solar Co., Ltd. (China)
  6. 6. Hanwha Group (South Korea)
  7. 7. SunPower Corporation (U.S)
  8. 8. Reclaim PV Recycling Pty Ltd (Australia)

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Genesis Market InsightsGenesis Market Insights
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