Solar Panel Recycling Market Process Estimates & Trend Analysis Forecast by 2019-2025

Mechanical procedure involving recycling is widely adopted for its efficient outcome and the nominal
atmospheric impact. The monocrystalline solar panels segment is considered as one of the fastest growing in
solar panel recycling market over the forecast period. Critical factors such as higher efficiency levels, better
space efficiency and longer life span are increasing popularity of the market.
Rising energy crisis, fluctuation in the prices of crude oil, the atmospheric hazards caused by the traditional
resources of energy such as fossil fuels, and higher cost associated nuclear energy and its adverse environmental
impact is boosting the demand for renewable energy resources Rising inclination towards renewable energy
resources due to its minimum atmospheric hazards is predicted to expand reach of the solar panel recycling
industry growth. Reduction in the prices of solar panel due to numerous government subsidies and recent
technological advancement are responsible for increase in the number of solar photovoltaics installations.
Recycling of solar panels not only allows waste management but also allows recycling the materials such as
silicon, glass and various metals found inside the solar panels.
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Economics associated with recycling of solar panels coupled with environmental friendly features are the major
driving factors for recent developments in the solar panel recycling market over the forecast period. Materials
used in the solar panels are isolated and recovered without any damage and loss of quality. The materials such
as silicon and other metals are recycled by manufacture for the production of new panels, and for other
industrial applications. Recycling of the materials such as glass can be used for production of insulating products
and many other applications. Some of the silicon array are removed and reused. Reusability of silicon arrays is
significant as manufacturing of silicon arrays is an energy-intensive process and expensive procedure.
The solar panel recycling industry is divided into regional market segment such as North America, Europe, Asia-
Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to
the recent developments in solar PV modules and increasing investment by prominent industry players for
research and development for recycling solar PV modules.
Asia-Pacific region is predicted to hold major market share in the solar panel recycling market with massive
growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with
rising adoption of solar panels for electricity generation and growing competition among market players coupled
with growing adoption of innovative technology. The key players in the solar panel recycling industry are Yingli
Energy Corporations, First Solar Co., Canadian Solar Incorporations, Silcontel, Reclaim PV Recycling, and Envaris
Co.