Press Releases

The global solar panel recycling industry is expected to grow at a CAGR of 13.8% during the forecast period. Solar panels are devices that provide solar energy-based electricity for various residential and commercial applications. They are made of glass, aluminum, synthetic materials, silicon, and other metals, which can be separated via the recycling process after the panels' lifecycle is completed. The global solar panel recycling market is expected to grow at a CAGR of 13.8% during the forecast period. The rising international sales of solar panels due to the increased adoption of renewable energy sources result in massive waste streams in landfills annually. This is one of the primary factors that stimulate the market demand for solar panel recycling techniques so as to reduce human health risks and enhances end-of-life (EoL) management. Also, it decreases the total cost of the new panel and generates new jobs. Moreover, stringent regulations and policies, the surge in landfill cost, increased investment in solar energy projects by the government, growing awareness about the advantages of solar power as a renewable source of energy, and rising environmental concerns in emerging nations like India, China, and South Korea are offering lucrative opportunities for the market development of solar panel recycling industry. Nevertheless, the demand for solar panel recycling has increased significantly, as several recycling companies scale up their research and operations technologies for recycling solar panels.

In July 2022, Maxeon Solar Technologies, which is selling under the SunPower Maxeon brand in Australia, has announced a partnership with Reclaim PV to ensure that its panels that have reached the end of their useful lives are recycled rather than discarded into landfill.

Bowse 53 market data Tables and 35 Figures spread through 210 Pages and in-depth TOC on " Solar Panel Recycling Market by Process (Thermal, Mechanical, Chemical, and Laser), by Product (Monocrystalline, Polycrystalline, Thin Film, and Others), by Shelf Life (Normal Loss and Early Loss), and Region - Global Forecast to 2030

By Product, the thin film segment will witness the fastest market growth during the forecast period.

Based on Product, the Solar Panel Recycling Market is classified into Monocrystalline, Polycrystalline, Thin Film, and Others. Thin-Film Solar Panels are expected to have the fastest growth during the forecast period owing to their low cost and active performance. The increased research and development have resulted in the production of lightweight, low-cost thin film solar modules with properties like flexibility and temperature resistance. Because of their low cost, these products are suitable for mass production thereby accelerating market segment growth.

Global Solar Panel Recycling Market Segmentation Analysis

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“Asia-Pacific is expected to witness fastest growth during the forecast period in the global Solar Panel Recycling Market.”

Asia-Pacific is expected to have the fastest growth during the forecast period owing to rising environmental concerns, rapid industrialization, strict government regulations regarding solar panel waste management, rising demand for rooftop solar installations, and augmented deployment of solar panels. Moreover, owing to the prevailing and aging infrastructure, the solar panel recycling market is gaining significant traction.

Some of the major players in the global Solar Panel Recycling industry include Reclaim PV Recycling Pty Ltd, SILCONTEL LTD, Reiling GmbH & Co. KG, First Solar, Rinovasol IBERIA, S.L., Silrec Corporation, Canadian Solar, Yingli Solar, Hanwha Group, and Trina Solar.

Scope of the Report

Global Solar Panel Recycling Market Coverage

Process Insight and Forecast 2018-2030

• Thermal
• Mechanical
• Chemical
• Laser

Product Insight and Forecast 2018-2030

• Monocrystalline
• Polycrystalline
• Thin Film
• Others

Shelf Life Insight and Forecast 2018-2030

• Normal Loss
• Early Loss

Geographical Segmentation

Solar Panel Recycling Market by Region

North America

• By Process
• By Product
• By Shelf Life
• By Country – U.S., Canada, and Mexico

Europe

• By Process
• By Product
• By Shelf Life
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Process
• By Product
• By Shelf Life
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Process
• By Product
• By Shelf Life
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries