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PUBLISHER: IMARC | PRODUCT CODE: 1378975
PUBLISHER: IMARC | PRODUCT CODE: 1378975
Solar Panel Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 138 Pages
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Abstract
The global solar panel recycling market size reached US$ 132.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 353.4 Million by 2028, exhibiting a growth rate (CAGR) of 17.8% during 2022-2028.
Solar panels comprise hazardous materials, such as silicon, silver, aluminum, copper, gallium, lead, and cadmium. Their increasing installation across the globe has fueled the need for recycling to reduce waste generation. Solar panel recycling involves activities ranging from decommissioning to collection and sorting. It prevents the release of hazardous substances from waste streams and lessens the greenhouse (GHG) gas emissions of photovoltaic (PV) modules. Presently, several manufacturers are purifying recovered materials to use in new panels or other components like glass foam.
The rising sales of solar panels worldwide due to the increasing adoption of renewable energy sources is resulting in a massive amount of waste streams in landfills every year. This represents one of the key factors stimulating the need for solar panel recycling methods to minimize human health risks and ensure end-of-life (EoL) management. It also helps to reduce the overall cost of new panels and create job opportunities. Apart from this, the introduction of strict regulations and policies, such as product stewardship and increasing landfill costs, by governing authorities of numerous countries is also contributing to the market growth. Additionally, these authorities are legalizing recycling processes and implementing various solar energy projects. This, in turn, is presenting lucrative opportunities to manufacturers operating in this industry for expanding their market reach. Furthermore, several companies are investing in research and development (R&D) activities to recover and recycle rare metal elements, which is anticipated to promote the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar panel recycling market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on process, type, material and shelf life.
Breakup by Process:
Thermal
Mechanical
Laser
Others
Breakup by Type:
Crystalline Silicon
Thin Film
Others
Breakup by Material:
Metal
Glass
Aluminum
Silicon
Others
Breakup by Shelf Life:
Normal Loss
Early Loss
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Canadian Solar., Echo Environmental LLC (Envela Corporation), Envaris GmbH, First Solar Inc., Hanwha Group, Reclaim PV Recycling Pty Ltd, Reiling GmbH & Co. KG, SILCONTEL LTD, Silrec Corporation, SunPower Corporation (Total SE), Total Green Recycling and Trina Solar.
Key Questions Answered in This Report:
- How has the global solar panel recycling market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global solar panel recycling market?
- What are the key regional markets?
- What is the breakup of the market based on the process?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the shelf life?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global solar panel recycling market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A3700
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Solar Panel Recycling Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Process
- 6.1 Thermal
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Mechanical
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Laser
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Type
- 7.1 Crystalline Silicon
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Thin Film
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Material
- 8.1 Metal
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Glass
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aluminum
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Silicon
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Shelf Life
- 9.1 Normal Loss
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Early Loss
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Canadian Solar.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Echo Environmental LLC (Envela Corporation)
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Envaris GmbH
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 First Solar Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Hanwha Group
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Reclaim PV Recycling Pty Ltd
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Reiling GmbH & Co. KG
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 SILCONTEL LTD
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Silrec Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 SunPower Corporation (Total SE)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Total Green Recycling
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Trina Solar
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Canadian Solar.
Product Code: SR112023A3700
List of Figures
- Figure 1: Global: Solar Panel Recycling Market: Major Drivers and Challenges
- Figure 2: Global: Solar Panel Recycling Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Solar Panel Recycling Market: Breakup by Process (in %), 2022
- Figure 5: Global: Solar Panel Recycling Market: Breakup by Type (in %), 2022
- Figure 6: Global: Solar Panel Recycling Market: Breakup by Material (in %), 2022
- Figure 7: Global: Solar Panel Recycling Market: Breakup by Shelf Life (in %), 2022
- Figure 8: Global: Solar Panel Recycling Market: Breakup by Region (in %), 2022
- Figure 9: Global: Solar Panel Recycling (Thermal) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Solar Panel Recycling (Thermal) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Solar Panel Recycling (Mechanical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Solar Panel Recycling (Mechanical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Solar Panel Recycling (Laser) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Solar Panel Recycling (Laser) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Solar Panel Recycling (Other Processes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Solar Panel Recycling (Other Processes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Solar Panel Recycling (Crystalline Silicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Solar Panel Recycling (Crystalline Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Solar Panel Recycling (Thin Film) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Solar Panel Recycling (Thin Film) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Solar Panel Recycling (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Solar Panel Recycling (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Solar Panel Recycling (Metal) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Solar Panel Recycling (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Solar Panel Recycling (Glass) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Solar Panel Recycling (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Solar Panel Recycling (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Solar Panel Recycling (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Solar Panel Recycling (Silicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Solar Panel Recycling (Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Solar Panel Recycling (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Solar Panel Recycling (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Solar Panel Recycling (Normal Loss) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Solar Panel Recycling (Normal Loss) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Solar Panel Recycling (Early Loss) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Solar Panel Recycling (Early Loss) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia-Pacific: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia-Pacific: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: Solar Panel Recycling Market: Breakup by Country (in %), 2022
- Figure 85: Middle East and Africa: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Global: Solar Panel Recycling Industry: SWOT Analysis
- Figure 87: Global: Solar Panel Recycling Industry: Value Chain Analysis
- Figure 88: Global: Solar Panel Recycling Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Solar Panel Recycling Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Solar Panel Recycling Market Forecast: Breakup by Process (in Million US$), 2023-2028
- Table 3: Global: Solar Panel Recycling Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Solar Panel Recycling Market Forecast: Breakup by Material (in Million US$), 2023-2028
- Table 5: Global: Solar Panel Recycling Market Forecast: Breakup by Shelf Life (in Million US$), 2023-2028
- Table 6: Global: Solar Panel Recycling Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Solar Panel Recycling Market: Competitive Structure
- Table 8: Global: Solar Panel Recycling Market: Key Players
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