Solar Panel Recycling Market Size, Share, Trends, Industry Analysis Report: By Type, Process, Shelf Life (Normal Loss and Early Loss), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The solar panel recycling market size is expected to reach USD 675.33 million by 2034, according to a new study by Polaris Market Research. The report "Solar Panel Recycling Market Size, Share, Trends, Industry Analysis Report: By Type, Process, Shelf Life (Normal Loss and Early Loss), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Solar panel recycling is the process of recovering valuable materials such as silicon, glass, and metals from old or damaged solar panels to reduce waste and reuse resources.

Solar panels are made of valuable materials, including silicon, silver, and aluminum. These materials can be costly and energy-intensive to mine, so recycling solar panels allows for the recovery of these resources, reducing the need for new raw materials. Reclaiming and reusing valuable components helps lower production costs for new solar panels and promotes the circular economy, where materials are reused rather than wasted. This resource recovery aspect makes solar panel recycling an environmentally responsible choice and an economically beneficial one, thereby driving the solar panel recycling market growth.

The solar panel recycling industry has seen significant improvements in technology, making the recycling process more efficient and cost-effective. New methods have been developed to separate materials such as glass, metals, and silicon more easily, which increases the amount of materials that can be reused and reduces the overall cost of recycling. These technological advancements make the recycling process more accessible for companies and encourage investments in recycling infrastructure. Additionally, improving technology has made the recycling process more efficient, further driving the solar panel recycling market demand.

Solar Panel Recycling Market Report Highlights

Based on process, the mechanical segment dominated the solar panel recycling market share in 2024 due to its low cost and simplicity.

The silicon segment, by type, is expected to witness the fastest growth during the forecast period, as solar panels with crystalline silicon make up most of the market.

In 2024, North America dominated the solar panel recycling market revenue share, driven by the increasing adoption of solar energy and growing environmental awareness.

Asia Pacific is expected to record a significant market share during the forecast period due to government initiatives and policies to promote the adoption of renewable energy sources.

A few global key market players are First Solar, Echo Environmental, Silcontel, Canadian Solar, Silrec, SunPower, Reiling GmbH & Co. KG, Trina Solar, Aurubis, Envaris, SiC Processing GmbH, Yingli Energy, and Hanwha Group.

Polaris Market Research has segmented the solar panel recycling market report on the basis of type, process, shelf life, and region:

By Type (Revenue - USD Million, 2020-2034)

Silicon
Monocrystalline
Polycrystalline
Thin-Film

By Process (Revenue - USD Million, 2020-2034)

Thermal
Mechanical
Laser

By Shelf-Life (Revenue - USD Million, 2020-2034)

Normal Loss
Early Loss

By Regional Outlook (Revenue - USD Million, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM3069

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Solar Panel Recycling Market Insights

4.1. Solar Panel Recycling Market - Market Snapshot
4.2. Solar Panel Recycling Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Transition from Conventional Energy Sources to Renewable Energy
  - 4.2.1.2. High Investment in Clean and Renewable Energy
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Cost
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Solar Panel Recycling Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Solar Panel Recycling Market, by Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
5.3. Silicon
- 5.3.1. Global Solar Panel Recycling Market, by Silicon, by Region, 2020-2034 (USD million)
5.4. Monocrystalline
- 5.4.1. Global Solar Panel Recycling Market, by Monocrystalline, by Region, 2020-2034 (USD million)
5.5. Polycrystalline
- 5.5.1. Global Solar Panel Recycling Market, by Polycrystalline, by Region, 2020-2034 (USD million)
5.6. Thin-film
- 5.6.1. Global Solar Panel Recycling Market, by Thin-film, by Region, 2020-2034 (USD million)

6. Global Solar Panel Recycling Market, by Process

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
6.3. Thermal
- 6.3.1. Global Solar Panel Recycling Market, by Thermal, by Region, 2020-2034 (USD million)
6.4. Mechanical
- 6.4.1. Global Solar Panel Recycling Market, by Mechanical, by Region, 2020-2034 (USD million)
6.5. Laser
- 6.5.1. Global Solar Panel Recycling Market, by Laser, by Region, 2020-2034 (USD million)

7. Global Solar Panel Recycling Market, by Shelf Life

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
7.3. Normal Loss
- 7.3.1. Global Solar Panel Recycling Market, by Normal Loss, by Region, 2020-2034 (USD million)
7.4. Early Loss
- 7.4.1. Global Solar Panel Recycling Market, by Early Loss, by Region, 2020-2034 (USD million)

8. Global Solar Panel Recycling Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Solar Panel Recycling Market Assessment, By Geography, 2020-2034 (USD million)
8.3. Solar Panel Recycling Market - North America
- 8.3.1. North America: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
- 8.3.2. North America: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
- 8.3.3. North America: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.3.4. Solar Panel Recycling Market - U.S.
  - 8.3.4.1. U.S.: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.3.4.2. U.S.: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.3.4.3. U.S.: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.3.5. Solar Panel Recycling Market - Canada
  - 8.3.5.1. Canada: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.3.5.2. Canada: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.3.5.3. Canada: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
8.4. Solar Panel Recycling Market - Europe
- 8.4.1. Europe: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
- 8.4.2. Europe: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
- 8.4.3. Europe: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.4. Solar Panel Recycling Market - UK
  - 8.4.4.1. UK: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.4.2. UK: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.4.3. UK: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.5. Solar Panel Recycling Market - France
  - 8.4.5.1. France: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.5.2. France: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.5.3. France: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.6. Solar Panel Recycling Market - Germany
  - 8.4.6.1. Germany: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.6.2. Germany: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.6.3. Germany: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.7. Solar Panel Recycling Market - Italy
  - 8.4.7.1. Italy: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.7.2. Italy: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.7.3. Italy: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.8. Solar Panel Recycling Market - Spain
  - 8.4.8.1. Spain: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.8.2. Spain: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.8.3. Spain: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.9. Solar Panel Recycling Market - Netherlands
  - 8.4.9.1. Netherlands: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.9.2. Netherlands: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.9.3. Netherlands: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.10. Solar Panel Recycling Market - Russia
  - 8.4.10.1. Russia: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.10.2. Russia: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.10.3. Russia: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.4.11. Solar Panel Recycling Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.4.11.2. Rest of Europe: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.4.11.3. Rest of Europe: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
8.5. Solar Panel Recycling Market - Asia Pacific
- 8.5.1. Asia Pacific: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
- 8.5.2. Asia Pacific: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
- 8.5.3. Asia Pacific: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.4. Solar Panel Recycling Market - China
  - 8.5.4.1. China: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.4.2. China: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.4.3. China: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.5. Solar Panel Recycling Market - India
  - 8.5.5.1. India: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.5.2. India: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.5.3. India: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.6. Solar Panel Recycling Market - Malaysia
  - 8.5.6.1. Malaysia: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.6.2. Malaysia: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.6.3. Malaysia: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.7. Solar Panel Recycling Market - Japan
  - 8.5.7.1. Japan: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.7.2. Japan: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.7.3. Japan: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.8. Solar Panel Recycling Market - Indonesia
  - 8.5.8.1. Indonesia: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.8.2. Indonesia: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.8.3. Indonesia: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.9. Solar Panel Recycling Market - South Korea
  - 8.5.9.1. South Korea: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.9.2. South Korea: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.9.3. South Korea: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.10. Solar Panel Recycling Market - Australia
  - 8.5.10.1. Australia: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.10.2. Australia: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.10.3. Australia: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.5.11. Solar Panel Recycling Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.5.11.2. Rest of Asia Pacific: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.5.11.3. Rest of Asia Pacific: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
8.6. Solar Panel Recycling Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
- 8.6.2. Middle East & Africa: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
- 8.6.3. Middle East & Africa: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.6.4. Solar Panel Recycling Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.6.4.2. Saudi Arabia: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.6.4.3. Saudi Arabia: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.6.5. Solar Panel Recycling Market - UAE
  - 8.6.5.1. UAE: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.6.5.2. UAE: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.6.5.3. UAE: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.6.6. Solar Panel Recycling Market - Israel
  - 8.6.6.1. Israel: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.6.6.2. Israel: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.6.6.3. Israel: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.6.7. Solar Panel Recycling Market - South Africa
  - 8.6.7.1. South Africa: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.6.7.2. South Africa: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.6.7.3. South Africa: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.6.8. Solar Panel Recycling Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.6.8.2. Rest of Middle East & Africa: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.6.8.3. Rest of Middle East & Africa: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
8.7. Solar Panel Recycling Market - Latin America
- 8.7.1. Latin America: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
- 8.7.2. Latin America: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
- 8.7.3. Latin America: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.7.4. Solar Panel Recycling Market - Mexico
  - 8.7.4.1. Mexico: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.7.4.2. Mexico: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.7.4.3. Mexico: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.7.5. Solar Panel Recycling Market - Brazil
  - 8.7.5.1. Brazil: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.7.5.2. Brazil: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.7.5.3. Brazil: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.7.6. Solar Panel Recycling Market - Argentina
  - 8.7.6.1. Argentina: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.7.6.2. Argentina: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.7.6.3. Argentina: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)
- 8.7.7. Solar Panel Recycling Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Solar Panel Recycling Market, by Type, 2020-2034 (USD million)
  - 8.7.7.2. Rest of Latin America: Solar Panel Recycling Market, by Process, 2020-2034 (USD million)
  - 8.7.7.3. Rest of Latin America: Solar Panel Recycling Market, by Shelf Life, 2020-2034 (USD million)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. First Solar
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Echo Environmental
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Silcontel
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Canadian Solar
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Silrec
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. SunPower
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Reiling GmbH & Co. KG
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Trina Solar
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Aurubis
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. SiC Processing GmbH
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Yingli Energy
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Hanwha Group.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development