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. According to MarkNtel Advisors Study.
Global Solar Panel Recycling Market Driver:
Growing Utility-Scale PV Projects to Foster Market Growth – Utility-scale solar projects across the globe have been increasing due to the advancement in technologies, declining costs of solar PV technologies, and supportive government policies. In 2022, according to the International Energy Agency, Solar PV is forecasted to account for 60% of the growth in global renewable capacity in 2022 with the commissioning of 190 GW, a 25% gain from last year.
In this, utility-scale projects, account for almost two-thirds of overall PV expansion in 2022. However, these rising deployments further expand solar PV waste globally & pose a significant environmental challenge. These challenges are creating an unprecedented demand for the solar panel recycling market in recent years to reduce the environmental impact of renewable resources in the forthcoming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Solar Panel Recycling Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Process
- Thermal- Market Size & Forecast 2019-2030, (USD Million)
- Mechanical- Market Size & Forecast 2019-2030, (USD Million)
- Laser- Market Size & Forecast 2019-2030, (USD Million)
- By Type
- Crystalline Silicon- Market Size & Forecast 2019-2030, (USD Million)
- Thin Film- Market Size & Forecast 2019-2030, (USD Million)
- By End User
- Residential- Market Size & Forecast 2019-2030, (USD Million)
- Commercial & Industrial- Market Size & Forecast 2019-2030, (USD Million)
- Power Utility- Market Size & Forecast 2019-2030, (USD Million)
- By Service Providers
- OEMs- Market Size & Forecast 2019-2030, (USD Million)
- In house Recycling- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.
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