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Solar Panel Recycling Market Size, Analysis By Type, Material, Region and Forecast by 2027

03-23-2023 08:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Solar Panel Recycling Market

Solar Panel Recycling Market

According to IMARC Group's latest report, titled "๐’๐จ๐ฅ๐š๐ซ ๐๐š๐ง๐ž๐ฅ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•", the global solar panel recycling market size reached US$ 110.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 302.9 Million by 2027, exhibiting a growth rate (CAGR) of 18.42% during 2022-2027.

Solar panels contain several hazardous materials, such as lead, cadmium, gallium, and silicon. As a result, solar panel recycling has become an important aspect of the industry to mitigate its environmental impact. The process involves the removal of the frame and junction box, followed by milling, crushing, and shredding of the solar panels. This enables the recovery of valuable materials, such as aluminum, copper, and glass, while silicon solar cells are incinerated. Recycling solar panels prevents the release of hazardous substances from waste streams and reduces greenhouse gas emissions associated with photovoltaic (PV) modules. It also offers economic benefits, such as recovered materials that can be reused in the production of new solar panels or other products.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/solar-panel-recycling-market/requestsample

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Solar Panel Recycling Market Trends:

The global concern for environmental sustainability has prompted a gradual shift towards renewable energy sources, which represents one of the primary factors bolstering the market growth. In confluence with this, the escalating demand for solar panels has led to an increasing need for efficient recycling practices, which is accelerating the market growth. Additionally, governments of various nations are implementing stringent regulations and policies to promote the responsible disposal of solar panels, which, in turn, is driving the market growth. Furthermore, extensive investments in research and development (R&D) activities to improve the efficiency of the recycling process and the need to minimize human health risks associated with end-of-life (EOL) management are contributing to the market growth.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐–๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: https://www.imarcgroup.com/solar-panel-recycling-market

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

โ€ข Canadian Solar.
โ€ข Echo Environmental LLC (Envela Corporation)
โ€ข Envaris GmbH
โ€ข First Solar Inc.
โ€ข Hanwha Group
โ€ข Reclaim PV Recycling Pty Ltd
โ€ข Reiling GmbH & Co. KG
โ€ข SILCONTEL LTD
โ€ข Silrec Corporation
โ€ข SunPower Corporation (Total SE)
โ€ข Total Green Recycling
โ€ข Trina Solar.

Key Market Segmentation:

The report has categorized the market based on process, type, material, shelf life and region.

Breakup by Process:
โ€ข Thermal
โ€ข Mechanical
โ€ข Laser
โ€ข Others

Breakup by Type:
โ€ข Crystalline Silicon
โ€ข Thin Film
โ€ข Others

Breakup by Material:
โ€ข Metal
โ€ข Glass
โ€ข Aluminum
โ€ข Silicon
โ€ข Others

Breakup by Shelf Life:
โ€ข Normal Loss
โ€ข Early Loss

Breakup by Region:
โ€ข North America (United States, Canada)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โ€ข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐…๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=3700&flag=C

Key Highlights of The Report:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

https://www.digitaljournal.com/pr/news/north-america-ice-cream-market-size-share-of-brands-growth-segmentation-and-analysis-by-2027

https://www.digitaljournal.com/pr/news/india-paper-packaging-market-size-segmentation-by-type-form-application-regional-and-forecast-2023-2028

https://www.digitaljournal.com/pr/news/india-minimally-invasive-surgery-market-worth-top-players-growth-trends-analysis-and-forecast-2023-2028

https://www.digitaljournal.com/pr/news/test-preparation-market-growth-trends-competitive-landscape-learning-model-exam-and-overview-by-2027

https://www.digitaljournal.com/pr/news/solar-panel-market-size-share-by-company-analysis-growth-trends-future-and-overview-by-2027

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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