Product Code: RP-ID-10079026 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Energy & Power |
Report ID: 10079026
Market Overview:
Forecast 2018 – 2025 | Solar Panel Recycling Industry By Top Key Players (Trina Solar, Canadian Solar Inc., Sharp Corporation, Renesola) By Application (Mechanical, Laser, Thermal) By Product (Polycrystalline, Monocrystalline, Thin Films PV Cells)- Global Analysis and Current Growth Analysis
Global Solar Panel Recycling Industry was valued at USD 77.96 Million in the year 2017. Global Solar Panel Recycling Industry is further estimated to grow at a CAGR of 27.03% from 2018 to reach USD 528.85 Million by the year 2025. Europe region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the predicted period. At a country level, Germany holds the highest Industry share in 2017 and it is projected to grow strongly in the coming years.
Major players in Solar Panel Recycling Industry are Trina Solar, Canadian Solar Inc., Sharp Corporation, Renesola, JA Solar Co. Ltd., Hanwha Group, SunPower Corporation, Reclaim PV Recycling Pty Ltd and 12 more companies information is provided in research report. Sharp Corporation holding the substantial Industry 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.
SWOT Analysis of Solar Panel Recycling Industry
Strength
Government grants
Weakness
A higher cost of recycling technology
Opportunities
Emerging economic opportunity
Use of hazardous material in solar panel.
Threats
Lack of awareness, technology, and poor infrastructure for PV cell recycling
The Global Solar Panel Recycling Industry is segmented by product, by application, and by region in the projected years. Amongst various Product type, the Polycrystalline segment is projected to grow with maximum Industry share.
Solar Panel Recycling Industry Overview by Application
Mechanical
Laser
Thermal
Solar Panel Recycling Industry Overview by Product
Polycrystalline
Monocrystalline
Thin Films PV Cells
Solar Panel Recycling Industry Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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