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Solar Panel Recycling Market to Reach CAGR of 27.04% by 2023, According to Recent Study by GMI

04-03-2018 01:35 PM CET | Energy & Environment

Press release from: Genesis market insights

Solar Panel Recycling Market to Reach CAGR of 27.04% by 2023,

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 2016 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 2016 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 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:
Higher cost of recycling technology
Opportunities:
Emerging economic opportunity
Challenges:
Use of hazardous material in solar panel.

The Global Solar Panel Recycling Market is segmented by product, by application and by region in the projected years. Amongst various Product type, 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 year 2017-2022.

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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. 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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Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making

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