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Global Solar Panel Recycling Market: By Process: Thermal, Mechanical, Laser; By Type: Crystalline Silicon, Thin Film; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Solar Panel Recycling Market Outlook

The global solar panel recycling market is expected to grow in the forecast period of 2023-2028 at a CAGR of 19.5%.

 

Global Solar Panel Recycling Market

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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.

 

Global Solar Panel Recycling Market by Segment

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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.

 

Global Solar Panel Recycling Market by Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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 (2018-2022) 
    8.3    Global Solar Panel Recycling Market Forecast (2023-2028)
    8.4    Global Solar Panel Recycling Market by Process
        8.4.1    Thermal
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Mechanical
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Laser
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Solar Panel Recycling Market by Type
        8.5.1    Crystalline Silicon
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Thin Film
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)    
    8.6    Global Solar Panel Recycling Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Solar Panel Recycling Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Solar Panel Recycling Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Solar Panel Recycling Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Solar Panel Recycling Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and  Africa Solar Panel Recycling Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Solar Panel Recycling Historical Market: Breakup by Process (USD Million), 2018-2022
3.    Global Solar Panel Recycling Market Forecast: Breakup by Process (USD Million), 2023-2028
4.    Global Solar Panel Recycling Historical Market: Breakup by Type (USD Million), 2018-2022
5.    Global Solar Panel Recycling Market Forecast: Breakup by Type (USD Million), 2023-2028
6.    Global Solar Panel Recycling Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Solar Panel Recycling Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Global Solar Panel Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Global Solar Panel Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2021 and 2026.

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 2023-2028, 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.

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