Global Solar Panel Recycling Market 2019-2023
About Solar Panel Recycling
Solar PV panel recycling is defined as a technique, which treats end- of- life solar PV panels and ensures material recovery from majority of the components.
Technavio’s analysts forecast the global solar panel recycling market to grow at a CAGR of 30.46% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar panel recycling market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of solar panel recycling in different product
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Solar Panel Recycling Market 2019-2023
Technavio recognizes the following companies as the key players in the global solar panel recycling market: Canadian Solar, Dynamic Lifecycle Innovations, EIKI SHOJI, ENVARIS, First Solar.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in solar PV panel recycling R&D activities. This increases the benefits of recycling for the solar PV panel owners, thus encouraging the buyers to recycle the solar PV panel waste rather than disposing of them. This, in turn, increases the demand for solar PV panel recycling.”
According to the report, one of the major drivers for this market is the growth in solar PV panel installation. The increase in solar PV [panel installations, the need for solar PV panel waste management increases, which propels the growth of the global solar panel recycling market.
Further, the report states that one of the major factors hindering the growth of this market is the challenges associated with product characteristics. The challenges associated with the product characteristics and requirement of technical expertise to recycle the solar PV panel waste make it difficult to recycle the solar PV panels efficiently, thus hindering the growth of the market.
Dynamic Lifecycle Innovations
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