Solar Panel Recycling Market To Reach $270m By 2023

Increasing government support and growing adoption of solar are the major factors driving growth of the market.

Mechanical process held the largest share in the solar panel recycling market during the historical period and is estimated to have contributed more than a 55% share to the market in 2017. That can be attributed to the fact the process is highly efficient and environmentally safe.

Early-loss of a 30-year shelf life is estimated to have contributed more than 80% to the solar panel recycling market in 2017 because of factors such as exposure to harsh weather conditions and lack of routine maintenance.

The solar panel recycling market is projected to witness the fastest value growth in the APAC market. Growing environment sustainability concerns and the cost advantage of solar panel recycling in emerging economies such as China and India are expected to foster market growth in the region.

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