Solar Panel Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Solar Panel Recycling Trends and Forecast

The future of the global solar panel recycling market looks promising with opportunities in the crystalline silicon and thin film markets. The global solar panel recycling market is expected to reach an estimated $292.0 million by 2030 with a CAGR of 12.2% from 2024 to 2030. The major drivers for this market are progressive shift in the energy sector from conventional to renewable, increased awareness of the harm that solar panel waste causes to the environment, as well as, government programs to lower carbon footprints and increase funding for infrastructure based on renewable energy.

A more than 150-page report is developed to help in your business decisions.

Solar Panel Recycling by Segment

The study includes a forecast for the global solar panel recycling by process, type, and region.

Solar Panel Recycling Market by Process [Shipment Analysis by Value from 2018 to 2030]:

• Thermal
• Mechanical
• Laser

Solar Panel Recycling Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Crystalline Silicon
• Thin Film

Solar Panel Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Solar Panel Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solar panel recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the solar panel recycling companies profiled in this report include-

• Canadian Solar
• First Solar
• Hanwha Group
• JA Solar
• Reclaim PV Recycling
• Reiling Group
• Renesola
• Sharp
• SunPower
• Trina Solar

Solar Panel Recycling Market Insights

Lucintel forecasts that mechanical will remain the largest segment over the forecast period because physical dismantling of solar panels yields smaller, recyclable modules made of silicon, glass, and aluminum, and the technique is easy to use, inexpensive, and capable of recovering a significant amount of important components from the solar panels.

Europe will remain the largest region over the forecast period due to the end-of-life solar panel proliferation, technological advancements, strict waste management regulations, and an increase in the usage of solar power as substitute for other non-eco friendly energy sources in this area.

Features of the Global Solar Panel Recycling Market

Market Size Estimates: Solar panel recycling market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Solar panel recycling market size by process, type, and region in terms of value ($M).

Regional Analysis: Solar panel recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different process, type, and regions for the solar panel recycling market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solar panel recycling market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the solar panel recycling market size?

Answer: The global solar panel recycling market is expected to reach an estimated $292.0 million by 2030.

Q2. What is the growth forecast for solar panel recycling market?

Answer: The global solar panel recycling market is expected to grow with a CAGR of 12.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the solar panel recycling market?

Answer: The major drivers for this market are progressive shift in the energy sector from conventional to renewable, increased awareness of the harm that solar panel waste causes to the environment, as well as, government programs to lower carbon footprints and increase funding for infrastructure based on renewable energy.

Q4. What are the major segments for solar panel recycling market?

Answer: The future of the global solar panel recycling market looks promising with opportunities in the crystalline silicon and thin film markets.

Q5. Who are the key solar panel recycling market companies?

Answer: Some of the key solar panel recycling companies are as follows.

• Canadian Solar
• First Solar
• Hanwha Group
• JA Solar
• Reclaim PV Recycling
• Reiling Group
• Renesola
• Sharp
• SunPower
• Trina Solar

Q6. Which solar panel recycling market segment will be the largest in future?

Answer: Lucintel forecasts that mechanical will remain the largest segment over the forecast period because physical dismantling of solar panels yields smaller, recyclable modules made of silicon, glass, and aluminum, and the technique is easy to use, inexpensive, and capable of recovering a significant amount of important components from the solar panels.

Q7. In solar panel recycling market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to the end-of-life solar panel proliferation, technological advancements, strict waste management regulations, and an increase in the usage of solar power as substitute for other non-eco friendly energy sources in this area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the solar panel recycling market by process (thermal, mechanical, and laser), type (crystalline silicon and thin film), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?