Solar Panel Recycling Market to grow at a CAGR of 33% while raking in revenues worth 300 USD Mn by 2023

According to Market Research Future (MRFR)’s new study, the global solar panel recycling market is projected to expand at a CAGR of 33% during the forecast period 2018 to 2023. The market is expected to be valued at USD 300 Mn towards the end of 2023. The strong value maintained by the renewable energy sector coupled with rising investments in solar power generation is likely to catalyze the expansion of the solar panel recycling market over the assessment period. Investments are prognosticated to flow towards solar advance technologies, which is anticipated to open new avenues of growth opportunities for the market participants.

The support extended by the government for reduction of carbon footprints through large-scale solar power generation is expected to influence the expansion of the market positively over the next couple of years. Furthermore, the developing economies resonate promising potential to emerge as major country-level markets in the forthcoming years.

Global Key Players and Competition Analysis
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.

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Segmentation Analysis
MRFR’s report offers a comprehensive segmental analysis of the global solar panel recycling market based on type, process, and shelf life. By type, the market has been segmented into silicon solar panels, monocrystalline solar panels, polycrystalline solar panels, thin-film solar panels. The silicon solar panel holds the largest share of the market and is likely to strike a relatively higher CAGR during the review period.

By process, the solar panel recycling market has been segmented into thermal, mechanical, and laser. The mechanical segment is expected to witness high demand and exhibit substantial growth over the next few years. By shelf life, the market has been segmented into normal loss and early loss. The normal loss segment holds the major share of the market and is prognosticated to expand its market presence across the projection period.

Regional Analysis
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. North America is a promising market and is projected to remain lucrative during the forecast period.

Market Scope
This MRFR’s report offers a five-year forecast (2018 to 2023) for the global solar panel recycling market. It highlights the current market status and industry trends. For market sizing, all the types of solar panel recycling such as silicon solar panels, monocrystalline solar panels, polycrystalline solar panels, and thin-film solar panels are profiled. A revenue analysis of different processes encompasses thermal, mechanical, and laser.

Browse the market data and information spread across 100 pages with 59 data tables and 18 figures of the report “Solar Panel Recycling Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/solar-panel-recycling-market-6701

Industry News:
Nov 2018 Market Research Future published a half-cooked research report on global Solar Panel Recycling Market.

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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