Global Solar Panel Recycling Market Trend, Size, Share,

MarkNtel Advisors recently released a research report focusing on the Global Solar Panel Recycling Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.

Global Solar Panel Recycling Market Insight and Analysis:

The Global Solar Panel Recycling Market is estimated to grow at a CAGR of around 12.45% during the forecast period, i.e., 2023-28.

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Global Solar Panel Recycling Industry Segmentation:

By Process

-Thermal- Market Size & Forecast 2018-2028, (USD Million)

-Mechanical- Market Size & Forecast 2018-2028, (USD Million)

-Laser- Market Size & Forecast 2018-2028, (USD Million)

By Type

-Crystalline Silicon- Market Size & Forecast 2018-2028, (USD Million)

-Thin Film- Market Size & Forecast 2018-2028, (USD Million)

By End User

-Residential- Market Size & Forecast 2018-2028, (USD Million)

-Commercial & Industrial- Market Size & Forecast 2018-2028, (USD Million)

-Power Utility- Market Size & Forecast 2018-2028, (USD Million)

By Service Providers

-OEMs- Market Size & Forecast 2018-2028, (USD Million)

-In house Recycling- Market Size & Forecast 2018-2028, (USD Million)

Global Solar Panel Recycling Market (2023-28): Segmentation Analysis

The Global Solar Panel Recycling Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023-28 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

Based on Process:

  • Thermal
  • Mechanical
  • Laser

Thermal Process held a significant share of the Global Solar Panel Recycling Market during the historical period & would follow the same trend in the years ahead. This process involves exposing solar panels to high temperatures to break down various components & separate valuable materials. It typically consists of several steps, including pre-processing, thermal treatment, and post-processing. There are a growing number of companies & organizations working towards the solar panel recycling process.

Companies such as Recycle PV Solar, the first dedicated photovoltaic (PV) module recycling facility in the US, use thermal processes to recycle solar panels. The company uses thermal processes to recycle around 95% of the materials in solar panels, including silicon, glass, and metals. Along with this, advanced emissions control systems & waste management practices are essential to mitigate potential environmental risks associated with the thermal process.

Based on Type:

  • Crystalline Silicon
  • Thin Film

Crystalline Silicon solar panel captures the major share in the Global Solar Panel Recycling Market, owing to the increasing demand for crystalline solar in standalone PV system, such as telecommunication, signaling tower, etc., where solar panels are mostly utilized to charge batteries. Along with this, rising government support & the availability of recycled crystalline silicon as a sustainable & cost-effective alternative to other silicon helps meet this demand while reducing the environmental impact associated with primary silicon production.

Global Solar Panel Recycling Market Regional Projection:

Geographically, the Global Solar Panel Recycling Market expands across:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Rest of the World

Asia-Pacific is expected to witness significant growth in the Solar Panel Recycling Market in the upcoming years due to the large & growing solar energy market. Developing countries in the region, such as India & Southeast Asian countries, are rising their solar energy capacities, owing to government support leading to a future surge in end-of-life solar panels. This creates opportunities for recycling companies & technology providers to expand their operations & cater to the growing demand for solar panel recycling services across the region.

In addition, China alone manufactures around 45% of the solar panels globally. Also, in 2021, China started PV recycling & safety disposal research programs, which are further anticipated to escalate the Solar Panel Recycling Market growth in the forecast years.

 Geographical overview:

-North America

-South America



-Rest of the World.

The Global Solar Panel Recycling Market Trend:

Surging Investment in Renewable Energy Sources to Lower Carbon Emission – To achieve a sustainable & low-carbon environment, vendors are increasingly integrating renewable energy resources into their businesses, thus becoming a trend in the Solar Panel Recycling Market. Solar PV & wind power systems have undergone substantial cost reduction, resulting in their widespread adoption & rapid growth within the global energy mix.

Additionally, renewable energy resources are expected to play a considerable role in meeting energy demand across various sectors, including heat, transpiration, and electricity. According to International Energy Agency, clean energy investment started to pick up & is expected to exceed USD1.4 trillion in 2022, accounting for almost three-quarters of the growth in overall energy investment. Therefore, rising investments in clean energy are on the upswing in recent years.

Top Leading key players of Global Solar Panel Recycling Market

A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including 

-Trina Solar Co, Ltd.

-First Solar Inc.

-Sunpower Corporation

-Aurubis AG

-Canadian Solar

-Sharp Corporation

-Reiling Group

-Hanwha Group

-Silrec Corporation

-Cleanlites Recycling

-ROSI Solar

-Aerisoul Metal & Energy Corporation.

The Global Solar Panel Recycling Market report addresses the following concern:

  1. The Global Solar Panel Recycling Market report explores the influence of key trends on market share within the primary segments.
  2. What are the leading market trends that propel the expansion of the Global Solar Panel Recycling market?
  3. What are the projected CAGR, market size, and growth rate for the Global Solar Panel Recycling Market in the upcoming years?
  4. What are the key players in the Global Solar Panel Recycling market, and what strategies are they implementing?
  5. What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the Global Solar Panel Recycling market?

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