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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A higher cost of recycling technology
Emerging economic opportunity
Use of hazardous material in solar panel.
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
Regulatory bodies, policy actors, and consumers.
Thin Films PV Cells
Key Market Players
- 1. Trina Solar (China)
- 2. Canadian Solar Inc. (Canada)
- 3. Sharp Corporation (Japan)
- 4. Renesola (China)
- 5. JA Solar Co., Ltd. (China)
- 6. Hanwha Group (South Korea)
- 7. SunPower Corporation (U.S)
- 8. Reclaim PV Recycling Pty Ltd (Australia)
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