Solar Panel Recycling Market Insights: Growth, Demand & 2025
The Global Solar Panel Recycling Market reached US$ 155.5 million in 2023 and is expected to reach US$ 419.6 million by 2031, growing with a CAGR of 13.3% during the forecast period 2024-2031.
The Solar Panel Recycling Market focuses on the processes of recovering valuable materials from used or decommissioned solar panels, such as silicon, metals, and glass. Driven by the increasing adoption of solar energy and the need for sustainable waste management, this market aims to address the environmental impact of solar panel disposal. Innovations in recycling technologies and regulatory support are boosting market growth. Key players include recycling companies and solar energy firms.
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Key Players:
Profiles of some of the major players in the global Solar Panel Recycling market, which include Recycle Solar Technologies, Silcontel, First Solar, Veolia, Reclaim PV, Echo Environmental, Silicontel ltd, Cleanlites, Rinovasol Group, SMA Solar Technology.
Industry Development:
In June 2022, Solarcycle, an innovative startup, secured US$ 6.6 million in venture capital funding to advance its mission of recycling 95% of the high-value materials found in solar panels. This development comes at a pivotal time, as the U.S. solar industry is poised to ramp up panel installations, aligning with the Biden administration's ambitious goal of transitioning the nation's electrical grid to 100% renewable energy by 2035.
In July 2023, Marubeni Corporation, a prominent Japanese conglomerate, teamed up with the Osaka-based Hamada group to establish Rexia Corporation. This new company is focused on solar panel recycling and reuse in Japan, offering services that include the sale, purchase, and disposal of used panels. Rexia aims to reduce landfill waste and extend the lifecycle of older solar panels, contributing to the sustainability of the solar industry.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Solar Panel Recycling market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Process: Mechanical, Laser, Thermal.
By Panel: Monocrystalline Silicon, Polycrystalline, Thin-Film, Amorphous.
Regional Break out:
The global Solar Panel Recycling Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Points Covered:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Solar Panel Recycling market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Solar Panel Recycling Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Solar Panel Recycling market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Solar Panel Recycling Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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