Impact Assessment of COVID-19 Outbreak on Solar Panel Recycling Market

The global solar panel recycling market was valued at ~US$ 40 Mn in 2018 and is anticipated to expand at a CAGR of ~37% during the forecast period Based on process, the combination segment dominated the global solar panel recycling market in 2018. It comprises combination of different processes such as thermal, chemical, and mechanical. Based on product, the silicon-based PV segment constituted dominant share of the global solar panel recycling market in 2018. Silicon-based PV has large installed base; as a result, silicon-based solar PV panels are estimated to hold large share of the solar panel recycling market in the near future. Based on material, the glass segment held significant share of the global solar panel recycling market in 2018. It consists of the highest share of the overall solar module and can be recycled up to 95% of the total waste.