Report Description

Global Solar Panel Recycling Market is anticipated to develop rapidly during the forecast period, 2024-2028.

With the growing development of the solar panel industry and environment-friendly disposal of solar panels and its electronic components is increasingly becoming an essential concern and as part of the emerging electronic waste industry, recycling becomes an emerging solution.

Solar panel wastes are harmful and hazardous and it should be managed according to all applicable hazardous waste laws and regulations. The transition to renewable energy is driven largely by solar energy, but there is an issue that recycling solar panels is a complex solution. However, to avoid a solar trash wave, it is critical to find a way to recycle the panels.

The use of renewable and sustainable energy has been carefully planned to significantly reduce environmental degradation and control climate change. Moreover, the development and installation of PV panels in industrial basins, irrigation tanks, and drinking water tanks to prevent environmental impacts, particularly those associated with agricultural land use floating photovoltaics (FPV) (FPV). These FPV installations present fresh chances for PV diffusion, especially in nations with dense populations and limited land resources.

The market for recycled solar panels is being primarily driven by the increasing use of solar energy as an energy source and supportive government policies for sustainable development. Solar panel recycling is a relatively complex task because these panels contain various types of materials that must be separated to be properly recycled. Economically and environmentally, recycling solar panels is extremely advantageous.

Supportive Government Policies

Globally, the growing energy crisis, high rates of carbon emissions, and growing concerns about environmental protection have increased the consumption for sustainable power generation. The growing number of pacts and initiatives related to the implementation of solar energy projects across the world is the primary factor driving the increased installation of solar panels or PV modules, which is driving the solar panel recycling market.

Some of the policies and initiatives are:

  • Government of India has formed Viability Gap Funding (VGF) support of Rs. 5050 crores for setting up of at least 5000 MW Grid-connected Solar PV power projects by Solar Power Developers on Build-Own-Operate basis.
  • In the US, there is an implementation of solar Investment Tax Credit (ITC), which is one of the significant federal policies to support the growth of solar energy.
  • UK has an “take-back and recycling scheme”, where PV producers can register and submit data related to products used for the residential solar market and non-residential market.
  • Australian government has announced USD 2 million grant as part of the National Product Stewardship Investment Fund to develop industry-led product stewardship scheme for PV systems.

Increasing use of solar energy

There is an increase in use of solar energy as solar power produces electricity with no global warming contamination, no fuel costs, and no risks of fuel price spikes. It has the potential to help earth toward cleaner, reliable, and affordable sources of electricity.

Some of the examples are:

  • Apple is fourth largest corporate solar user with a 101 MW installed capacity. The company has solar facilities which produces adequate electricity to fully charge nearly 45 million iPhones every day for a year.
  • IKEA currently has more than 100 stores fitted with solar panels. The company has invested USD 1.6 billion toward plan of sustainable harvest of their cotton and wood globally.


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Market Segmentation

The Global Solar Panel Recycling Market is divided into process and type. Based on process, the market is further split into thermal, mechanical, and laser. Based on type, the market is further divided into monocrystalline, polycrystalline, and thin film.

The End-of-Life (EoL) of solar panels is fueling the market for Solar Panel Recycling Market and is expected to register a rapid CAGR during the forecast period.

Market Players

Silcontel Ltd., Rinovasol Group, Reiling GmbH & Co. KG, ENVARIS GmbH, ECS Refining LLC, Reclaim PV Recycling Pty Ltd., Silrec Corporation, Canadian Solar Inc., Yingli Green Energy Holding Company Limited and First Solar Inc., and many more. The companies are actively investing in development and innovations in recycling the solar panels. 

 

Key developments


  • In October 2022, First Solar invested USD 270 million for dedicated R&D innovation center in development and production of advanced thin film photovoltaics (PV).
  • In May 2022, Reclaim PV Recycling and The Circular PV Alliance collaborated to reuse and resale solar panels and enhance the solar energy circular economy. 


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024– 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Process

Type

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Italy, Spain, Poland, Colombia, Brazil, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Iraq, Turkey

Key companies profiled

Silcontel Ltd., Rinovasol Group, Reiling GmbH & Co. KG, ENVARIS GmbH, ECS Refining LLC, Reclaim PV Recycling Pty Ltd., Silrec Corporation, Canadian Solar Inc., Yingli Green Energy Holding Company Limited, and First Solar Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Solar Panel Recycling Market has been segmented into the following categories, in addition to the type trends, which have also been detailed below:

·         Global Solar Panel Recycling Market, By Process:

o   Thermal

o   Mechanical

o   Laser

·         Global Solar Panel Recycling Market, By Type:

o   Monocrystalline

o   Polycrystalline

o   Thin Film

·         Global Solar Panel Recycling Market, By Region:

o   North America

§  United States

§  Mexico

§  Canada

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

§  China

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

§  Poland

§  Denmark

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  South Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Solar Panel Recycling Market.

Available Customizations:

With the given market data, Tech Sci Research, offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).

Global Solar Panel Recycling Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on the Global Solar Panel Recycling Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Environmental Concern

5.6.  Factors influence circular economy

6.    Global Solar Panel Recycling Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Process (Thermal, Mechanical, and Laser)

6.2.2.    By Type (Monocrystalline, Polycrystalline, Thin Film)

6.2.3.    By Region

6.2.4.    By Company

6.3.  Market Map

6.4.  Type Value Chain Analysis

6.5.  Regulatory and Standardizations Related to Solar Panel Recycling Market​

6.6.  Innovations in technology Related to Solar Panel Recycling Market   ​

6.7.  Porter's Five Forces Analysis

6.7.1.    The threat of New Entrants

6.7.2.    Bargaining Power of Buyers/Consumers

6.7.3.    Bargaining Power of Suppliers

6.7.4.    The threat of Substitute Products

6.7.5.    The intensity of Competitive Rivalry

7.    North America Solar Panel Recycling Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Process

7.2.2.    By Type

7.2.3.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Solar Panel Recycling Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Process

7.3.1.2.2.           By Type

7.3.2.    Canada Solar Panel Recycling Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Process

7.3.2.2.2.           By Type

7.3.3.    Mexico Solar Panel Recycling Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Process

7.3.3.2.2.           By Type

8.    Asia-Pacific Solar Panel Recycling Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Process

8.2.2.    By Type

8.2.3.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Solar Panel Recycling Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Process

8.3.1.2.2.           By Type

8.3.2.    India Solar Panel Recycling Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Process

8.3.2.2.2.           By Type

8.3.3.    Japan Solar Panel Recycling Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Process

8.3.3.2.2.           By Type

8.3.4.    South Korea Solar Panel Recycling Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Process

8.3.4.2.2.           By Type

8.3.5.    Australia Solar Panel Recycling Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Process

8.3.5.2.2.           By Type

8.3.6.    Singapore Solar Panel Recycling Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Process

8.3.6.2.2.           By Type

8.3.7.    Malaysia Solar Panel Recycling Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Process

8.3.7.2.2.           By Type

9.    Europe Solar Panel Recycling Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Process

9.2.2.    By Type

9.2.3.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Solar Panel Recycling Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Process

9.3.1.2.2.           By Type

9.3.2.    United Kingdom Solar Panel Recycling Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Process

9.3.2.2.2.           By Type

9.3.3.    France Solar Panel Recycling Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Process

9.3.3.2.2.           By Type

9.3.4.    Italy Solar Panel Recycling Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Process

9.3.4.2.2.           By Type

9.3.5.    Spain Solar Panel Recycling Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Process

9.3.5.2.2.           By Type

9.3.6.    Poland Solar Panel Recycling Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Process

9.3.6.2.2.           By Type

9.3.7.    Denmark Solar Panel Recycling Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Process

9.3.7.2.2.           By Type

10. South America Solar Panel Recycling Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Process

10.2.2. By Type

10.2.3. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Solar Panel Recycling Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Process

10.3.1.2.2.         By Type

10.3.2. Argentina Solar Panel Recycling Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Process

10.3.2.2.2.         By Type

10.3.3. Colombia Solar Panel Recycling Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Process

10.3.3.2.2.         By Type

10.3.4. Peru Solar Panel Recycling Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Process

10.3.4.2.2.         By Type

10.3.5. Chile Solar Panel Recycling Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Process

10.3.5.2.2.         By Type

11. Middle East & Africa Solar Panel Recycling Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Process

11.2.2. By Type

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Solar Panel Recycling Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Process

11.3.1.2.2.         By Type

11.3.2. South Africa Solar Panel Recycling Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Process

11.3.2.2.2.         By Type

11.3.3. UAE Solar Panel Recycling Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Process

11.3.3.2.2.         By Type

11.3.4. Iraq Solar Panel Recycling Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Process

11.3.4.2.2.         By Type

11.3.5. Turkey Solar Panel Recycling Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Process

11.3.5.2.2.         By Type

12. Market Dynamics

12.1.             Drivers

12.1.1. Favorable government regulations

12.1.2. Rise in environmental concerns

12.1.3. Increasing use of solar energy

12.2.             Challenges

12.2.1. Complex deployment

12.2.2. High cost

13. Market Trends & Developments

13.1.             Trends and Developments

13.1.1. Adoption of automation and technologies in the various verticals across the globe

13.1.2. Growing demand for energy-efficient technologies

13.1.3. Rise in innovations and developments from market players

13.1.4. Improved recycling solutions

13.1.5. End-of-Life (EoL) of solar panels

14. Company Profiles

14.1.             Silcontel Ltd.

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (if available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             Rinovasol Group

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (if available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             Reiling GmbH & Co. KG

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (if available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             ENVARIS GmbH

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (if available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             ECS Refining LLC

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (if available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             Reclaim PV Recycling Pty Ltd.  

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (if available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services