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Solar Panel Recycling Market Report by Process (Thermal, Mechanical, Laser, and Others), Type (Crystalline Silicon, Thin Film, and Others), Material (Metal, Glass, Aluminum, Silicon, and Others), Shelf Life (Normal Loss, Early Loss), and Region 2024-2032

Publisher IMARC Services Pvt. Ltd.
Published Aug 10, 2024
Length 145 Pages
SKU # IMRC19103091

Description

Solar Panel Recycling Market Report by Process (Thermal, Mechanical, Laser, and Others), Type (Crystalline Silicon, Thin Film, and Others), Material (Metal, Glass, Aluminum, Silicon, and Others), Shelf Life (Normal Loss, Early Loss), and Region 2024-2032


The global solar panel recycling market size reached US$ 155.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 516.3 Million by 2032, exhibiting a growth rate (CAGR) of 13.8% during 2024-2032.

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 2024-2032. 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?

Table of Contents

145 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Solar Panel Recycling Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Process
6.1 Thermal
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mechanical
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Laser
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Crystalline Silicon
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Thin Film
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Material
8.1 Metal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Glass
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Aluminum
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Silicon
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Shelf Life
9.1 Normal Loss
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Early Loss
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North 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
10.2 Asia-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
10.3 Europe
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
10.4 Latin 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
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Canadian Solar.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Echo Environmental LLC (Envela Corporation)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Envaris GmbH
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 First 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
15.3.5 Hanwha Group
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Reclaim PV Recycling Pty Ltd
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Reiling GmbH & Co. KG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 SILCONTEL LTD
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Silrec Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 SunPower 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
15.3.11 Total Green Recycling
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Trina Solar
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio

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