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Report
Solar Panel Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 138 Pages I IMARC Group
The global solar panel recycling market size reached US$ 132.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 353.4 Million by 2028, exhibiting a growth rate (CAGR) of 17.8% during 2022-2028.
Solar panels comprise hazardous materials, such as silicon, silver, aluminum, copper, gallium, lead, and cadmium. Their increasing installation across the globe has fueled the need for recycling to reduce waste generation. Solar panel recycling involves activities ranging from decommissioning to collection and sorting. It prevents the release of hazardous substances from waste streams and lessens the greenhouse (GHG) gas emissions of photovoltaic (PV) modules. Presently, several manufacturers are purifying recovered materials to use in new panels or other components like glass foam.
The rising sales of solar panels worldwide due to the increasing adoption of renewable energy sources is resulting in a massive amount of waste streams in landfills every year. This represents one of the key factors stimulating the need for solar panel recycling methods to minimize human health risks and ensure end-of-life (EoL) management. It also helps to reduce the overall cost of new panels and create job opportunities. Apart from this, the introduction of strict regulations and policies, such as product stewardship and increasing landfill costs, by governing authorities of numerous countries is also contributing to the market growth. Additionally, these authorities are legalizing recycling processes and implementing various solar energy projects. This, in turn, is presenting lucrative opportunities to manufacturers operating in this industry for expanding their market reach. Furthermore, several companies are investing in research and development (R&D) activities to recover and recycle rare metal elements, which is anticipated to promote the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar panel recycling market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on process, type, material and shelf life.
Breakup by Process:
Thermal
Mechanical
Laser
Others
Breakup by Type:
Crystalline Silicon
Thin Film
Others
Breakup by Material:
Metal
Glass
Aluminum
Silicon
Others
Breakup by Shelf Life:
Normal Loss
Early Loss
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Canadian Solar., Echo Environmental LLC (Envela Corporation), Envaris GmbH, First Solar Inc., Hanwha Group, Reclaim PV Recycling Pty Ltd, Reiling GmbH & Co. KG, SILCONTEL LTD, Silrec Corporation, SunPower Corporation (Total SE), Total Green Recycling and Trina Solar.
Key Questions Answered in This Report:
How has the global solar panel recycling market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global solar panel recycling market?
What are the key regional markets?
What is the breakup of the market based on the process?
What is the breakup of the market based on the type?
What is the breakup of the market based on the material?
What is the breakup of the market based on the shelf life?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global solar panel recycling market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Solar Panel Recycling Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Process
6.1Thermal
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Mechanical
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Laser
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1Crystalline Silicon
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Thin Film
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Material
8.1Metal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Glass
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Aluminum
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Silicon
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Shelf Life
9.1Normal Loss
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Early Loss
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1Canadian Solar.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2Echo Environmental LLC (Envela Corporation)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3Envaris GmbH
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4First Solar Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5Hanwha Group
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6Reclaim PV Recycling Pty Ltd
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7Reiling GmbH & Co. KG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8SILCONTEL LTD
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9Silrec Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10SunPower Corporation (Total SE)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11Total Green Recycling
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12Trina Solar
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
Figure 1: Global: Solar Panel Recycling Market: Major Drivers and Challenges
Figure 2: Global: Solar Panel Recycling Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Solar Panel Recycling Market: Breakup by Process (in %), 2022
Figure 5: Global: Solar Panel Recycling Market: Breakup by Type (in %), 2022
Figure 6: Global: Solar Panel Recycling Market: Breakup by Material (in %), 2022
Figure 7: Global: Solar Panel Recycling Market: Breakup by Shelf Life (in %), 2022
Figure 8: Global: Solar Panel Recycling Market: Breakup by Region (in %), 2022
Figure 9: Global: Solar Panel Recycling (Thermal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Solar Panel Recycling (Thermal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Solar Panel Recycling (Mechanical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Solar Panel Recycling (Mechanical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Solar Panel Recycling (Laser) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Solar Panel Recycling (Laser) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Solar Panel Recycling (Other Processes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Solar Panel Recycling (Other Processes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Solar Panel Recycling (Crystalline Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Solar Panel Recycling (Crystalline Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Solar Panel Recycling (Thin Film) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Solar Panel Recycling (Thin Film) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Solar Panel Recycling (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Solar Panel Recycling (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Solar Panel Recycling (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Solar Panel Recycling (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Solar Panel Recycling (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Solar Panel Recycling (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Solar Panel Recycling (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Solar Panel Recycling (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Solar Panel Recycling (Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Solar Panel Recycling (Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Solar Panel Recycling (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Solar Panel Recycling (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Solar Panel Recycling (Normal Loss) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Solar Panel Recycling (Normal Loss) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Solar Panel Recycling (Early Loss) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Solar Panel Recycling (Early Loss) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Solar Panel Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Solar Panel Recycling Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: Solar Panel Recycling Industry: SWOT Analysis
Figure 87: Global: Solar Panel Recycling Industry: Value Chain Analysis
Figure 88: Global: Solar Panel Recycling Industry: Porter's Five Forces Analysis
Table 1: Global: Solar Panel Recycling Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Solar Panel Recycling Market Forecast: Breakup by Process (in Million US$), 2023-2028
Table 3: Global: Solar Panel Recycling Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Solar Panel Recycling Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 5: Global: Solar Panel Recycling Market Forecast: Breakup by Shelf Life (in Million US$), 2023-2028
Table 6: Global: Solar Panel Recycling Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Solar Panel Recycling Market: Competitive Structure
Table 8: Global: Solar Panel Recycling Market: Key Players
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