DUBLIN--(BUSINESS WIRE)--The "Solar Panel Recycling Market by Process, by Type, by Shelf life, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
Global solar panel recycling market is projected to reach $269.8 million by 2023.
Increasing support of the government toward sustainable development and growing adoption of solar power as a renewable source of energy are the major factors driving the growth of the market.
In terms of value, mechanical process held the largest share in the solar panel recycling market during the historical period and is estimated to contribute more than 55% share to the market in 2017. This can be attributed to the fact that the process is highly efficient and environmentally safe.
During the forecast period, thin-film PV recycling is expected to be the fastest-growing category in the solar panel recycling market, with a CAGR of 29.7% in value terms. The advantageous properties of thin-film solar panels, such as flexibility, light weight, and temperature resistance, are expected to drive their recycling market in the coming years.
In terms of revenue, the early-loss shelf life category of solar panels is estimated to contribute more than 80.0% share to the solar panel recycling market in 2017. This can be attributed to the increased use of these panels for recycling purposes due to factors such as exposure to harsh weather conditions and lack of routine maintenance.
- Market will witness the highest growth in Asia-Pacific (APAC)
- Reducing solar panel installation cost is the key trend in the market
- Increasing usage of solar power sources is expected to drive the market
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. Global Market Size & Forecast
Chapter 6. North America Market Size & Forecast
Chapter 7. Europe Market Size & Forecast
Chapter 8. APAC Market Size & Forecast
Chapter 9. CSA Market Size & Forecast
Chapter 10. MEA Market Size & Forecast
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
- Silcontel Ltd.
- Rinovasol Group
- Reiling GmbH & Co. KG
- Envaris GmbH
- ECS Refining Llc
- Reclaim PV Recycling Pty Ltd.
- Silrec Corporation
- Canadian Solar Inc.
- Yingli Green Energy Holding Company Limited
- First Solar Inc.
For more information about this report visit https://www.researchandmarkets.com/research/wbwk2k/the_2018_global?w=4