Asia-Pacific Solar Panel Recycling Market Insights
Asia-Pacific Solar Panel Recycling market is expected to register a CAGR of ~ 12.5% from 2024 to 2030 and hold a value of over USD 461.2 Million by 2030. The Asia-Pacific Solar Panel Recycling market refers to the industry focused on the collection, processing, and recovery of valuable materials from end-of-life solar panels.
As the deployment of solar energy systems continues to increase worldwide, there is a growing need to manage the disposal of decommissioned or damaged solar panels in an environmentally sustainable manner.
The market for Asia-Pacific Solar Panel Recycling has been expanding steadily due to several factors. Firstly, the increasing adoption of solar energy systems in residential, commercial, and industrial sectors has led to a rise in the number of decommissioned solar panels. Additionally, stringent regulations and environmental policies encourage proper disposal and recycling practices, further driving market growth.
Asia-Pacific Solar Panel Recycling Companies
- Yingli Energy Co
- Silcontel, Reclaim PV Recycling
- Zorlu Holding
- First Solar
- Canadian Solar Inc
- Rinovasol Group
- Reiling GmbH & Co
- Recycle PV Solar, LLC
- Solon
- We Recycle Solar
- Cleanlites Recycling
- Reclaim PV Recycling
- Morgen Industries, Inc.
- Silcontel Ltd
- Recycle Solar Technologies Limited
Regional Analysis
North America has a mature Asia-Pacific Solar Panel Recycling market. The United States and Canada have well-established recycling infrastructure and regulations, ensuring the safe disposal and recycling of solar panels. The region also has a strong focus on sustainability and environmental stewardship, driving the demand for Asia-Pacific Solar Panel Recycling services.
Europe is a leading market for Asia-Pacific Solar Panel Recycling. Countries like Germany, France, and the Netherlands have implemented strict regulations for the disposal and recycling of solar panels. The European Union's Waste Electrical and Electronic Equipment (WEEE) directive mandates the proper treatment and recycling of solar panels. The presence of well-established recycling facilities and increasing awareness about environmental issues contribute to the growth of the market in Europe.
The Asia-Pacific region is witnessing rapid growth in the Asia-Pacific Solar Panel Recycling market. Countries like China, Japan, and India are major contributors to the market. China, being the world's largest solar panel manufacturer, has recognized the importance of recycling and has implemented policies to promote the recycling of solar panels. In Japan and India, the increasing deployment of solar panels has led to a rise in the demand for recycling services.
Market Segmentation
By Type
- Monocrystalline Solar Panels
- Thin-Film Solar Panels
- Polycrystalline Solar Panels
- Silicon Solar Panels
By Process
- Thermal
- Laser
- Mechanical
By Shelf Life
- Early loss
- Normal loss
By Region
- Europe
- North America
- Asia Pacific
- Rest of the World
Industry News
The global Photovoltaic panel recycling market is growing due to competition for solar photovoltaic panels across commercial, residential, and industrial uses and increased government efforts to promote solar energy. Nevertheless, a shortage of Asia-Pacific Solar Panel Recycling infrastructure plus issues connected with recycling stymie market expansion. Countries such as India, China, and the United States, on the other side, are resentful of new market prospects.
The crystalline silicon category, which accounted for more than four-fifths of the worldwide Asia-Pacific Solar Panel Recycling industry in 2020, is expected to maintain its dominance during the forecast period.
It is due to an increase in the need for crystalline silicon for standalone PV systems like solar street light lights and telecommunication and signalling towers, which employ solar panels to charge the batteries. Furthermore, the thin-film technology usage throughout building-integrated photovoltaic applications (BIPV), like the roof or the exterior, the thin film segment is expected to grow at the fastest pace of 14.6 percent from 2021 to 2030.
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