Solar Panel Recycling Market Developments and Industry Advancements to Watch Out for 2023


Posted July 3, 2019 by DhanashreeP

Solar Panel Recycling Market Segmented by Type (Silicon, Monocrystalline, Polycrystalline), Process (Thermal, Mechanical, Laser) and Region - Global Forecast Till 2023
 
Solar Panel Recycling Market Highlights

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.

The swift rate of solar PV installation and rising count of solar power projects have led to a phenomenal volume of decommissioned PV panels. It is forecasted to influence the expansion of the solar panel recycling market positively in the upcoming years. Additionally, the developments and innovations in the solar Advance Technology pose immense potential for revolutionizing the market growth through the assessment period.

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Global Market for Solar Panel Recycling – Competitive Dashboard:

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.

Segmentation:

The global solar panel recycling market is segmented on the basis of type, process, shelf life, and region.

By type, the global solar panel recycling market is segmented into silicon solar panels, monocrystalline solar panels, polycrystalline solar panels, and thin film solar panels. Silicon solar panels dominate the global solar panel recycling market and are likely to remain the leading revenue generator over the forecast period due to the widespread adoption of silicon solar panels.

By process, the global solar panel recycling market is segmented into thermal, mechanical, and laser. Mechanical recycling is the most popular process in the global solar panel recycling market and is likely to remain dominant over the forecast period.

By shelf life, the global solar panel recycling market is segmented into normal loss and early loss. Normal loss is likely to be the dominant segment in the global solar panel recycling market over the forecast period.

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Regional Outlook:

The global solar panel recycling market, by region, has been segmented into North America, Europe, Asia Pacific, Rest of the World.

Europe is the largest regional market for solar panel recycling and is expected to emerge as the fastest growing region towards the end of the assessment period. The swift inclination towards the adoption of renewable energy backed by the governments is prognosticated to expedite the growth of the solar panel recycling market in the region. Additionally, the enforcement of favorable legislation for regulating the recycling processes is poised to drive the expansion of the market in the foreseeable future.

North America is a promising market and is projected to remain lucrative during the forecast period. The stringent recycling regulations enforced are expected to expedite the proliferation of the solar panel recycling market in the region. The region is forecasted to exhibit significant growth over the next couple of years. Rising count of solar power projects is a major factor responsible for the growth of the solar panel recycling market in Asia Pacific region.

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Issued By MRFR
Country India
Categories Business , Energy
Tags solar panel recycling market , solar panel recycling market demand , solar panel recycling market forecast
Last Updated July 3, 2019