Energy & Green Renewable Technology Market News

Solar Panel Recycling Industry size to expand significantly by the end of 2025 available in new report

Solar Panel Recycling

Global Solar Panel Recycling Industry was valued at USD 77.96 Million in the year 2017. Global Solar Panel Recycling Industry is further estimated to grow at a CAGR of 27.03% from 2018 to reach USD 528.85 Million by the year 2025.

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

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Major players in Solar Panel Recycling Industry are Trina Solar, Canadian Solar Inc., Sharp Corporation, Renesola, JA Solar Co. Ltd., Hanwha Group, SunPower Corporation, Reclaim PV Recycling Pty Ltd and 12 more companies information is provided in research report.

Sharp Corporation holding the substantial Industry share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater 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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SWOT Analysis of Solar Panel Recycling Industry

Strength

             Government grants

Weakness

             A higher cost of recycling technology

Opportunities

             Emerging economic opportunity

             Use of hazardous material in solar panel.

Threats

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

The Global Solar Panel Recycling Industry 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 Industry share.

Solar Panel Recycling Industry Overview by Application

Mechanical

Laser

Thermal

Solar Panel Recycling Industry Overview by Product

Polycrystalline

Monocrystalline

Thin Films PV Cells

Solar Panel Recycling Industry Overview By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

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