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Global Solar Panel Recycling Market Research Report: Forecast (2024-2030)

Global Solar Panel Recycling Market Report - By Process (Thermal, Mechanical, Laser), By Type (Crystalline Silicon, Thin Film), By Source (Residential, Commercial & Industrial, Power Utility), By Serv... ... er Utility), By Service Providers (OEM, In house Recycling), By Region (North America, South America, Europe, Asia Pacific, Rest of the World), By Company (Trina Solar Co, Ltd., First Solar Inc., Sunpower Corporation, Aurubis AG, Canadian Solar, Sharp Corporation, Reiling Group, Hanwha Group, Silrec Corporation, Cleanlites Recycling, ROSI Solar, Aerisoul Metal & Energy Corporation, Others) Read more

Energy
Jul 2024
Pages 189
Report Format: PDF, Excel, PPT

Market Definition

Solar panel recycling refers to the collection, processing, and reclamation of end-of-life or decommissioned solar panels to recover valuable materials & minimize environmental impact. It involves the recycling & reuse of components, such as glass, metals, and semiconductor materials, present in solar panels. It is used to maximize resource efficiency, reduce waste, and promote sustainability in the renewable energy industry across the globe.

Market Insights & Analysis: Global Solar Panel Recycling Market (2024-30):

The Global Solar Panel Recycling Market size is valued at around USD 402 million in 2024 and is estimated to grow at a CAGR of around 12.45% during the forecast period, i.e., 2024-30. The market growth imputes to the rapid growth in solar energy installations across the globe. This led to an increase in the volume of decommissioned or end-of-life solar panels. As solar panels reach the end of their operational life, there is a growing need for efficient & environmentally responsible recycling solutions. Without proper recycling, many end-of-life solar panels could end up in landfills, contributing to the growing electronic waste problem globally.

Recycling helps to divert these panels from landfills, minimizing waste & its associated environmental impacts. The expanding deployment of solar panels & the implementation of Extended Producer Responsibility programs holds solar panel manufacturers accountable for the proper management of their products' end-of-life. This encourages manufacturers to invest in recycling infrastructure & sustainable product design. In addition, owing to the rising government support, the Department of Energy’s National Renewable Laboratory recycled materials, which are expected to meet around 30-50% of domestic solar manufacturing needs in the US by 2040.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	12.45%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Rest of South America
	Rest of the World
Key Companies Profiled	Trina Solar Co, Ltd., First Solar Inc., Sunpower Corporation, Aurubis AG , Canadian Solar, Sharp Corporation, Reiling Group, Hanwha Group, Silrec Corporation, Cleanlites Recycling, ROSI Solar, Aerisoul Metal & Energy Corporation, Others
Market Value (2024)	USD 402 million

Moreover, many governments worldwide have implemented supportive policies & incentives to promote renewable energy, including utility-scale solar projects. These could include feed-in tariffs, tax incentives, grants, renewable portfolio standards, and power purchase agreements (PPAs). Such policies provide financial support & long-term contracts that encourage project development & attract investments. This further results in the risen deployment of solar PV globally, which could lead to an increase in expired solar photovolatics (PVs) in the coming years.

This, in turn, demand for the solar recycling market. Increasingly stringent waste management & e-waste regulations are pressuring solar panel manufacturers & project developers to establish recycling programs & responsibly manage the end-of-life phase of solar panels. For instance:

In 2022, Solarcycle, working in cooperation with solar providers like Sunrun, with an aim to recover approximately 95% of a solar panel’s value. These panels are then returned to the supply chain & used to manufacture new panels or other materials.

Additionally, Si-wafer-based PV technology accounts for more than 90% of the total global production & would remain so in the future. Recycling Silicon PV modules would expect to reduce the carbon footprint in the forthcoming years. For example, recycling around 1 ton of Si PV panels would approximately save around 800-1200 kgCO2eq global warming potential(GWP) compared to PV panels manufactured from primary materials. Hence, the rising technological advancement to reduce solar PV panels, is anticipated to escalate the market growth during 2024-30.

Global Solar Panel Recycling Market Research Report (2024-2030) - Table of Contents

Market Segmentation
Introduction
1. Market Definition
2. Research Process
3. Assumptions
Global Macroeconomic Outlook, 2019-2030F
Global Solar PV Industry Outlook, 2024
1. Current Scenario
  1. Total Solar PV Installed Capacity, By Region, 2018-2022
  2. Solar PV Power Generation in the Net Zero Scenario, 2010-2030
  3. By Region
    1. North America
    2. Latin America
    3. Europe
    4. Middle East
    5. Africa
    6. Asia Pacific
  4. Technology deployment & Innovation
  5. Global Collaboration Programs for Photovoltaic Power Systems Technology
2. Future Scope
  1. Upcoming Solar PV Projects, 2022
  2. Government Policy Support for Solar PV, By Top Countries
    1. EU Nations
    2. China
    3. The US
    4. India
    5. Brazil
    6. Japan
    7. Others
Global Solar Panel Recycling Market Supply Chain Analysis
Global Solar Panel Recycling Market Policies, Regulations, Product Standards
Global Solar Panel Recycling Market Trends & Insight
Global Solar Panel Recycling Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Global Solar Panel Recycling Market Hotspots & Opportunities
Global Solar Panel Recycling Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Process
    1. Thermal- Market Size & Forecast 2019-2030, (USD Million)
    2. Mechanical- Market Size & Forecast 2019-2030, (USD Million)
    3. Laser- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type
    1. Crystalline Silicon- Market Size & Forecast 2019-2030, (USD Million)
    2. Thin Film- Market Size & Forecast 2019-2030, (USD Million)
  3. By End User
    1. Residential- Market Size & Forecast 2019-2030, (USD Million)
    2. Commercial & Industrial- Market Size & Forecast 2019-2030, (USD Million)
    3. Power Utility- Market Size & Forecast 2019-2030, (USD Million)
  4. By Service Providers
    1. OEMs- Market Size & Forecast 2019-2030, (USD Million)
    2. In house Recycling- Market Size & Forecast 2019-2030, (USD Million)
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. Asia-Pacific
    5. Rest of the World
  6. By Company
    1. Market Share & Analysis
    2. Competition Characteristics
North America Solar Panel Recycling Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Process- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type- Market Size & Forecast 2019-2030, (USD Million)
  3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  4. By Service Provider- Market Size & Forecast 2019-2030, (USD Million)
3. By Country
  1. The US
  2. Canada
  3. Mexico
4. The US Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
5. Canada Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
6. Mexico Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
South America Solar Panel Recycling Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Process- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type- Market Size & Forecast 2019-2030, (USD Million)
  3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  4. By Service Provider- Market Size & Forecast 2019-2030, (USD Million)
3. By Country
  1. Brazil
  2. Rest of South America
4. Brazil Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
Europe Solar Panel Recycling Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Process- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type- Market Size & Forecast 2019-2030, (USD Million)
  3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  4. By Service Provider- Market Size & Forecast 2019-2030, (USD Million)
3. By Country
  1. Germany
  2. The UK
  3. France
  4. Italy
  5. Spain
  6. Rest of Europe
4. Germany Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
5. The UK Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
6. France Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
7. Italy Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
8. Spain Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
Asia-Pacific Solar Panel Recycling Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Process- Market Size & Forecast 2019-2030, (USD Million)
  2. By Type- Market Size & Forecast 2019-2030, (USD Million)
  3. By End User- Market Size & Forecast 2019-2030, (USD Million)
  4. By Service Provider- Market Size & Forecast 2019-2030, (USD Million)
3. By Country
  1. China
  2. Japan
  3. India
  4. South Korea
  5. Australia
  6. Rest of Asia-Pacific
4. China Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
5. Japan Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
6. India Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
7. South Korea Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million) By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
8. Australia Solar Panel Recycling Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Share & Analysis
    1. By Type - Market Size & Forecast 2019-2030, (USD Million)
    2. By End User- Market Size & Forecast 2019-2030, (USD Million)
Competitive Outlook
1. Company Profiles
  1. Trina Solar Co, Ltd.
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. First Solar Inc.
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Sunpower Corporation
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Aurubis AG
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Canadian Solar
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Sharp Corporation
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Reiling Group
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Hanwha Group
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Silrec Corporation
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Cleanlites Recycling
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. ROSI Solar
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Aerisoul Metal & Energy Corporation
    1. Business Description
    2. Facility Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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