Reports
Global Solar Panel Recycling Market Size, Share, Forecast: By Process: Thermal, Mechanical, Laser; By Type: Crystalline Silicon, Thin Film; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Solar Panel Recycling Market Outlook
The global solar panel recycling market is expected to grow in the forecast period of 2024-2032 at a CAGR of 19.5%.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Asia Pacific Market to Witness Healthy Growth Over the Forecast Period
The Asia Pacific region is expected to witness healthy growth in the coming years. India, China, and Japan make up for a considerable share of solar power generation in the region, and have a large amount of installation of solar panels. China and Japan are the major markets for solar panel recycling in the region, owing to the presence of manufacturing and technology hubs.
China has a substantial amount of patent filing due to huge investment in the research and development activities pertaining to recycling technology. Further, Europe is a significant market for solar panel recycling. The region has large quantities of end-of-life solar panels resulting in an increase in solar panel waste. Thus, increasing the demand for solar panel recycling.
Solar Panel Recycling: Market Segmentation
Solar panel is made up of photo-voltaic cells mounted in a framework for installation. Solar panels generate direct current electricity using sunlight as a medium of energy. Silicon panels are often crushed or shredded, and sent to different recycling processes depending on the type of material. In some cases, panels undergo a similar process of separation of components, but then have to go through a chemical separation process known as delamination to remove the polymer layer from the glass and semiconductor material.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major process of solar panel recycling are:
- Thermal
- Mechanical
- Laser
The market can be broadly categorised on the basis of its types into:
- Crystalline Silicon
- Thin Film
The EMR report looks into the regional markets of solar panel recycling like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Technological Advancement in the Industry to Boost the Market Growth
Technological advancement in the industry, along with the cost-effectiveness of the product has increased the demand for solar panels. The prices of solar panels are declining, causing an increase in the number of installations of solar photovoltaic modules. The degradation of solar panels is responsible for the need to recycle the solar panels. This can happen due to maintenance issues, lack of product standardisation, and unfavourable weather conditions, among others. Growing awareness of customers' consciousness about renewable resources and sustainable living is driving the growth of solar panel recycling industry.
Nature is degrading at a very fast rate leading to an energy crisis. Decrease in conventional sources like nuclear energy, fossil fuels, boosts the growth of the industry. The government is providing various initiatives to promote the use of solar panels such as giving subsidies, which is beneficial for both, environment as well as users. Numerous countries are heavily investing in the research and development sector of renewable resources to combat the waste generated at the end of life of the photovoltaic modules. However, Covid-19 had negatively impacted the growth of solar panel recycling industry as industries are working on low capacities because the manufacturing and construction work halted. But with the lifting of restrictions and lockdowns, things are getting back to normal, and the demand for solar panel recycling is expected to rise in future.
Key Industry Players in the Global Solar Panel Recycling Market
The report presents a detailed analysis of the following key players in the global solar panel recycling market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Canadian Solar, Inc.
- First Solar, Inc.
- Hanwha Group
- JA Solar Co. Ltd.
- SunPower Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Process, Type, Region |
| Breakup by Process | Thermal, Mechanical, Laser |
| Breakup by Type | Crystalline Silicon, Thin Film |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Canadian Solar, Inc., First Solar, Inc., Hanwha Group, JA Solar Co. Ltd., SunPower Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Panel Recycling Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Panel Recycling Historical Market (2018-2023)
8.3 Global Solar Panel Recycling Market Forecast (2024-2032)
8.4 Global Solar Panel Recycling Market by Process
8.4.1 Thermal
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mechanical
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laser
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Solar Panel Recycling Market by Type
8.5.1 Crystalline Silicon
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Thin Film
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Solar Panel Recycling Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Solar Panel Recycling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Solar Panel Recycling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Solar Panel Recycling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Solar Panel Recycling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Solar Panel Recycling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Canadian Solar, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 First Solar, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hanwha Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 JA Solar Co. Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SunPower Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Solar Panel Recycling Market: Key Industry Highlights, 2018 and 2032
2. Global Solar Panel Recycling Historical Market: Breakup by Process (USD Million), 2018-2023
3. Global Solar Panel Recycling Market Forecast: Breakup by Process (USD Million), 2024-2032
4. Global Solar Panel Recycling Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Solar Panel Recycling Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Global Solar Panel Recycling Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Solar Panel Recycling Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Solar Panel Recycling Market Structure
Key Questions Answered in the Report
The global solar panel recycling market is projected to grow at a CAGR of 19.5% between 2024 and 2032.
The market is being aided by the rising government initiatives, decrease in conventional sources, and growing presence of manufacturing and technology hubs.
The market is being guided by technological advancement in the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The processes of solar panel recycling are thermal, mechanical, and laser.
Crystalline silicon and thin film are the dominant types of the product in the industry.
The major players in the industry are Canadian Solar, Inc., First Solar, Inc., Hanwha Group, JA Solar Co. Ltd., and SunPower Corporation, among others.
Analyst Review
The global solar panel recycling market is driven by the increasing adoption of renewable energy sources. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 19.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its process, the solar panel recycling industry can be segmented into thermal, mechanical, and laser. On the basis of types, the market is divided into crystalline silicon and thin film. The major regional markets for solar panel recycling are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Canadian Solar, Inc., First Solar, Inc., Hanwha Group, JA Solar Co. Ltd., and SunPower Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER