Solar Panel Recycling Market Share, Size By Process (Thermal, – openPR

The Solar Panel Recycling Market was valued at USD154.9 Million in 2023 and is estimated to reach USD 520.5 Million by 2033, growing at a CAGR of 13.9 % from 2023 to 2033.

Scope of the market:
Solar energy is inexpensive, fossil-free, and emission-free. These panels have a lifetime of about 30 years, after that many solar panels will reach their end resulting in waste. Solar panel recycling plays an important role in energy sectors because it handles the economic and environmental issues that are associated with disposing the old solar panels. The energy sector is experiencing a drastic change and continues to shift towards renewable energy sources creating a better opportunity in the forecast period. Furthermore, solar recycling is far more advanced in Europe due to overseas policy structures that require manufacturers to recycle panels. At present old panels are becoming problematic as they end up in landfills where they release toxins in environments affecting human health. Recycling of panels will impact a positive economy. By recycling solar panels,we can conserve important materials that can be further used in generating new products.We Recycle Solar Organization directly works with manufacturers and installers to properly dispose of their solar waste. Return of Silicon (ROSI) launched the world’s first large-scale industry solar recycling plant for high-value materials recovery in France. They reuse up to 99% of the components in solar silver and copper. Through cutting-edge thermal and mild chemical technology, the plant recycles up to 3000 tonnes of solar panels per year. Additionally, ROSI is working on rapid scaling, including planned operations in Germany by 2025.
Economic Impact of COVID-19:
COVID-19 impacted negatively on the Solar Panel Recycling market due to the disruption of the supply chain affecting the availability of raw materials and components needed for the manufacturing of solar panels. The initial Lockdown resulted in decreasing demand for solar panel and their installations. Furthermore, the higher cost of recycling solar panels, lack of standardization, and limited funding for research and development in innovative technologies may hamper the growth of the solar panel recycling market.
The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It also focuses on the post-pandemic and pre-pandemic era of the Global Solar Panel Recycling Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs.

Key Players:
• First Solar Inc.,
• Rinovasol Group
• Yingli Energy Co
• Zorlu Holding
• ECS Refining LLC
• SiC Processing GmbH
• Trina Solar
• Interco Trading Company
• Envaris GmbH
• Darfson
• PV Cycle
• Veolia
• Silrec Corporation
• Canadian Solar Inc
• Aurubis
• SILCONTEL Ltd
• SunPower Corporation
• Others

The above key players in the Global Solar Panel Recycling Market can be changed according to the client’s requirements.
Moreover, the key players aim towards expansion, joint ventures, collaboration, mergers, and acquisitions to advance capabilities in the Solar Panel Recycling Market.
Recent Developments in the GlobalSolar Panel Recycling Market:
In 2024: South Africa partnership to focus on solar panel recycling and compliance.
On June 19th, 2024: 2 Producer responsibility organizations (PROs) teamed up in a bid to ensure end-of-life solar PV panels in South Africa that get recycled. This Partnership aims to ensure Extended Producer Responsibility (EPR) compliance and solar PV recycling practices in South Africa. This has also been undertaken by South Africa’s Circular Energy NPC and PV CYCLE a European organization that offers compliance. For instance, Solar PV annual installations grew by 80% in 2023 as compared to 2022, with South Africa importing 17.5billion solar panels in 2023.
Solar cycle partners with Qcells to recycle solar panels.
The companies say they will work together to accelerate their vision of building a circular, clean energy supply chain that creates jobs and reduces U.S. reliance on imported, raw materials that are subject to supply chain disruption. The companies say the announcement marks the first-of-its-kind partnership between a large solar manufacturer and an advanced solar recycler in the U.S.Furthermore, the recycled materials from Qcell’s panels such as aluminum, silicon, copper, and low-iron glass will be reused in the domestic supply chain to manufacture the next generation clean energy products.
Global Solar Panel Recycling Market Key Benefits:
1. The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
2. Quantitative and Qualitative analysis of the current market.
3. Estimations for the forecast period 2033.
4. Historical data and forecast data.
5. Recent developments and trends in the market.
6. Market share of the market players, company profiles, SWOT analysis, and competitive landscape.
7. Covid-19 Impact analysis
Global Solar Panel Recycling Market Segmentation:

By Process:
• Thermal
• Chemical
• Mechanical
• Laser
• Combination
• Others

By Material:
• Silicon
• Metal
• Plastic
• Glass
• Others

By Type:
• Monocrystalline
• Polycrystalline
• Thin Film
• Others
By Shelf-Life:
• Early Loss
• Normal Loss

By Region:
Asia-Pacific
• Japan
• China
• India
• Australia
• New Zealand
• Rest of Asia-Pacific

North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Rest of the World
Each of the market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and competitive analysis.
Research Scope:

Report Scope Details

Base Year: 2023

Forecast Years: 2023 to 2033

Historical Years: 2019 to 2023

Market Size 2023: 154.9MN

Market Revenue 2033 : 520.5 MN

Growth Rate 2023- 2033 : 13.9%

Report Coverage: Trends, SWOT Analysis, Competitive
Landscape, DROs, Revenue Forecast, PEST Analysis.

Segments Covered :Process, Material Type, Shell-Life, Region

Companies Mentioned: First Solar Inc., Rinovasol Group, Yingli Energy Co, Zorlu Holding, ECS Refining LLC, SiC Processing GmbH, Trina Solar, Interco Trading Company, Envaris GmbH, Darfson, PV Cycle, Veolia, Silrec Corporation, Canadian Solar Inc, Aurubis, SILCONTEL Ltd, SunPower Corporation.

Customization: Yes

Regional Analysis:
North America is witnessing to grow with the fastest CAGR in the forecast period. The rising adoption of solar panels in countries like the U.S., Canada, and Mexico is projected to drive the market in this region. Moreover, the government has implemented incentives and favorable policies for installing solar panels in the region, which in turn generates the need for recycling of solar panels. At the beginning of 2023, there were approximately 375 million solar panels deployed in the United States. Additionally, First America recently announced it entering into the sector of Echo Environmental shreds and separates PV materials and ERI has been sending shredded solar panel scraps to Redwood materials for recycling. In Washington State, a law is designed to provide an environmental way to recycle PV panels is due to implemented in July 2025.
California which has the most solar installations has passed a law to allow panels to be dumped in landfills, but only after they are declared as non-hazardous by a designated laboratory, which can cost upwards of $1500.
Asia-Pacific is anticipated to hold the second-largest market in terms of market share. Rising awareness of environmental pollution is driving the growth of the solar panel recycling market. According to the International Renewable Energy Agency (IRENA), China being the world’s biggest producer of solar energy, is expected to have retired a total of at least 13.5 million metric tons of panels by 2050.
Key questions answered by this report.
1. Top market players contributing to the revenue?
2. Trending strategies by the players?
3. Which region will be the leading one in the forecast period?
4. Factors that drive the Global Solar Panel Recycling Market?
5. Which factors will affect the Global Solar Panel Recycling Market?
6. How Covid-19 pandemic impact the growth of the Global Solar Panel Recycling Market?
7. Which Segment accounted for the Global Solar Panel Recycling Market shares?

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