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Global Solar Panel Recycling Market by Shelf Life (Normal Loss, Early Loss), by Process (Mechanical, Laser), by Product (Thin Film, Monocrystalline) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: EP-74552
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 68
  • No. Of Pages: 248
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  • Pub. Date: 2021-10-21
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Summary of the Report

In 2019, the global solar panel recycling market was worth USD 127.7 millions. It is expected that it will grow at a compound annual rate (CAGR of 12.8%) from 2020 to 2027 due to rising demand for renewable energy sources and promising environmental standards. The market outlook will be enhanced by technological advancements and cost efficiency. The market outlook will be balanced by increasing awareness among customers regarding the benefits of renewable energy sources and subsidies provided to them by their provincial governments. Over the projected period, the demand for renewable energy will increase due to the environmental degradation and the global energy crisis that is caused by conventional energy sources such as nuclear energy and fossil fuels.

Market growth will be boosted by the shift to renewable energy resources due to their minimal impact on the environment. Market growth will also be supported by the decreasing prices of solar panels. Due to the extensive R&D and the growing number of photovoltaic module installations, the U.S. market will experience significant growth in the future. It is possible to recycle the materials, including silicon and glass, that are left over after the life span of photovoltaic module. Solar panels are becoming more popular because they are both eco-friendly as well as cost-effective.

China's COVID-19-related epidemic has stalled the demand for electricity generation and hampered the growth of its solar panel recycling market. The country is also seeing a decrease in manufacturing and construction activity, which is leading to an increase in capacity. Market players are considering alternative sourcing in order to remain in the industry.

Process Insights

In 2019, the mechanical process was responsible for 59% of all revenue. It is expected to grow at a rapid rate between 2020 and 2027. The fastest CAGR is expected to be in the laser process segment, both in terms revenue and volume, during the forecast period. Due to the decrease in silicon content of solar panels, thermal processes have a limited acceptance range but are expected to gain wider adoption over the forecast period.

Shelf life insights

In 2019, the early loss segment was worth USD 102.3 millions. Market growth is expected to be supported by various government regulations and standards to encourage solar panel recycling, and renewable energy projects to preserve the ecological balance. Major market players are committed to technological advancements that improve service quality and efficiency.

This is due to solar panels becoming more expensive or deteriorating early, as a result of maintenance issues, product standardization problems, and adverse weather conditions. The normal loss segment will see a significant increase in volume over the next few years. Solar panels have a shelf life of approximately 30 years. Therefore, maintenance issues will require them to be kept inactive.

Product Insights

In 2019, the monocrystalline solar panel recycling product category accounted for more than 50% of the total revenue. Monocrystalline panels can be expensive, but they are widely used due to their high heat tolerance, long shelf life and high efficiency. These panels are made with solely crystalline silicon.

Active performance and low cost of thin film solar panels will make them the fastest-growing product category over the projected period. The development of thin film solar modules has been a result of extensive R&D. They are lightweight and low-cost. Because of their low cost, these products can be mass manufactured.

Regional Insights

In 2019, Europe was the region with the highest revenue share. It is expected to grow at a significant rate between 2020 and 2027, as Europe has the largest number of solar farms. This would allow for huge amounts of end-of life solar panels in the future. It is expected that there will be an increase in the amount of solar panel waste due to large amounts of end-of life solar panels. The demand for solar panel recycling will rise in the future.

The market for Germany is expected to surpass USD 70.0 million in 2027 due to technological advances and strict government regulations regarding waste management. Over the next seven year, the demand for solar panels is expected to rise due to their increasing use as an alternative to other eco-friendly sources.

From 2020 to 2027, Asia Pacific will be the fastest growing region market. Japan and China are the main revenue generators for the APAC region market. Due to increasing investments in recycling technology research and development, China currently holds the highest number of patent applications in solar panel recycling.

Market Share Insights & Key Companies

Service providers are focused on technological advances and innovation in solar panel recycling systems. These inventions, coupled with affordable pricing, are expected to increase the market share in the future. To strengthen their market position, many companies invest in R&D. First Solar, for example, began offering a solution to recycle photovoltaic panels and power plants in 2018. This maximized the financial returns and capital return. The following are some of the major players in the solar panel recycling industry:

  • First Solar Inc.

  • Echo Environmental, LLC

  • SILCONTEL LTD

  • Canadian Solar

  • Silrec Corporation.

  • SunPower Corporation

  • Reiling GmbH & Co. KG

  • Trina Solar

  • Aurubis

  • Envaris

  • SiC Processing GmbH

  • Yingli Energy Co. Ltd.

  • Hanwha Group

Up Market Research published a new report titled “Solar Panel Recycling Market research report which is segmented by Shelf Life (Normal Loss, Early Loss), by Process (Mechanical, Laser), by Product (Thin Film, Monocrystalline), By Players/Companies SiC Processing GmbH, Hanwha Group, Aurubis, First Solar Inc, Silrec Corporation, SILCONTEL LTD, Envaris, Yingli Energy Co Ltd, Reiling GmbH & Co KG, Trina Solar, Canadian Solar, SunPower Corporation, Echo Environmental LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleSolar Panel Recycling Market Research Report
By Shelf LifeNormal Loss, Early Loss
By ProcessMechanical, Laser
By ProductThin Film, Monocrystalline
By CompaniesSiC Processing GmbH, Hanwha Group, Aurubis, First Solar Inc, Silrec Corporation, SILCONTEL LTD, Envaris, Yingli Energy Co Ltd, Reiling GmbH & Co KG, Trina Solar, Canadian Solar, SunPower Corporation, Echo Environmental LLC
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages248
Number of Tables & Figures174
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Solar Panel Recycling Industry Outlook

Global Solar Panel Recycling Market Report Segments:

The market is segmented by Shelf Life (Normal Loss, Early Loss), by Process (Mechanical, Laser), by Product (Thin Film, Monocrystalline).

Solar Panel Recycling Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Solar Panel Recycling Market

Overview of the regional outlook of the Solar Panel Recycling Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Solar Panel Recycling Market Overview

Highlights of The Solar Panel Recycling Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Solar Panel Recycling Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Shelf Life:

                1. Normal Loss

                2. Early Loss

        7. By Process:

                1. Mechanical

                2. Laser

        8. By Product:

                1. Thin Film

                2. Monocrystalline

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Solar Panel Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Solar Panel Recycling Market Trends

Reasons to Purchase the Solar Panel Recycling Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Panel Recycling Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Solar Panel Recycling Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Solar Panel Recycling Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Solar Panel Recycling Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Solar Panel Recycling Market Size & Forecast, 2018-2028 
      4.5.1 Solar Panel Recycling Market Size and Y-o-Y Growth 
      4.5.2 Solar Panel Recycling Market Absolute $ Opportunity 


Chapter 5 Global Solar Panel Recycling Market Analysis and Forecast by Shelf Life
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Shelf Life
      5.1.2 Basis Point Share (BPS) Analysis by Shelf Life
      5.1.3 Absolute $ Opportunity Assessment by Shelf Life
   5.2 Solar Panel Recycling Market Size Forecast by Shelf Life
      5.2.1 Normal Loss
      5.2.2 Early Loss
   5.3 Market Attractiveness Analysis by Shelf Life

Chapter 6 Global Solar Panel Recycling Market Analysis and Forecast by Process
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Process
      6.1.2 Basis Point Share (BPS) Analysis by Process
      6.1.3 Absolute $ Opportunity Assessment by Process
   6.2 Solar Panel Recycling Market Size Forecast by Process
      6.2.1 Mechanical
      6.2.2 Laser
   6.3 Market Attractiveness Analysis by Process

Chapter 7 Global Solar Panel Recycling Market Analysis and Forecast by Product
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Product
      7.1.2 Basis Point Share (BPS) Analysis by Product
      7.1.3 Absolute $ Opportunity Assessment by Product
   7.2 Solar Panel Recycling Market Size Forecast by Product
      7.2.1 Thin Film
      7.2.2 Monocrystalline
   7.3 Market Attractiveness Analysis by Product

Chapter 8 Global Solar Panel Recycling Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Solar Panel Recycling Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Solar Panel Recycling Analysis and Forecast
   10.1 Introduction
   10.2 North America Solar Panel Recycling Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Solar Panel Recycling Market Size Forecast by Shelf Life
      10.6.1 Normal Loss
      10.6.2 Early Loss
   10.7 Basis Point Share (BPS) Analysis by Shelf Life 
   10.8 Absolute $ Opportunity Assessment by Shelf Life 
   10.9 Market Attractiveness Analysis by Shelf Life
   10.10 North America Solar Panel Recycling Market Size Forecast by Process
      10.10.1 Mechanical
      10.10.2 Laser
   10.11 Basis Point Share (BPS) Analysis by Process 
   10.12 Absolute $ Opportunity Assessment by Process 
   10.13 Market Attractiveness Analysis by Process
   10.14 North America Solar Panel Recycling Market Size Forecast by Product
      10.14.1 Thin Film
      10.14.2 Monocrystalline
   10.15 Basis Point Share (BPS) Analysis by Product 
   10.16 Absolute $ Opportunity Assessment by Product 
   10.17 Market Attractiveness Analysis by Product

Chapter 11 Europe Solar Panel Recycling Analysis and Forecast
   11.1 Introduction
   11.2 Europe Solar Panel Recycling Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Solar Panel Recycling Market Size Forecast by Shelf Life
      11.6.1 Normal Loss
      11.6.2 Early Loss
   11.7 Basis Point Share (BPS) Analysis by Shelf Life 
   11.8 Absolute $ Opportunity Assessment by Shelf Life 
   11.9 Market Attractiveness Analysis by Shelf Life
   11.10 Europe Solar Panel Recycling Market Size Forecast by Process
      11.10.1 Mechanical
      11.10.2 Laser
   11.11 Basis Point Share (BPS) Analysis by Process 
   11.12 Absolute $ Opportunity Assessment by Process 
   11.13 Market Attractiveness Analysis by Process
   11.14 Europe Solar Panel Recycling Market Size Forecast by Product
      11.14.1 Thin Film
      11.14.2 Monocrystalline
   11.15 Basis Point Share (BPS) Analysis by Product 
   11.16 Absolute $ Opportunity Assessment by Product 
   11.17 Market Attractiveness Analysis by Product

Chapter 12 Asia Pacific Solar Panel Recycling Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Solar Panel Recycling Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Solar Panel Recycling Market Size Forecast by Shelf Life
      12.6.1 Normal Loss
      12.6.2 Early Loss
   12.7 Basis Point Share (BPS) Analysis by Shelf Life 
   12.8 Absolute $ Opportunity Assessment by Shelf Life 
   12.9 Market Attractiveness Analysis by Shelf Life
   12.10 Asia Pacific Solar Panel Recycling Market Size Forecast by Process
      12.10.1 Mechanical
      12.10.2 Laser
   12.11 Basis Point Share (BPS) Analysis by Process 
   12.12 Absolute $ Opportunity Assessment by Process 
   12.13 Market Attractiveness Analysis by Process
   12.14 Asia Pacific Solar Panel Recycling Market Size Forecast by Product
      12.14.1 Thin Film
      12.14.2 Monocrystalline
   12.15 Basis Point Share (BPS) Analysis by Product 
   12.16 Absolute $ Opportunity Assessment by Product 
   12.17 Market Attractiveness Analysis by Product

Chapter 13 Latin America Solar Panel Recycling Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Solar Panel Recycling Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Solar Panel Recycling Market Size Forecast by Shelf Life
      13.6.1 Normal Loss
      13.6.2 Early Loss
   13.7 Basis Point Share (BPS) Analysis by Shelf Life 
   13.8 Absolute $ Opportunity Assessment by Shelf Life 
   13.9 Market Attractiveness Analysis by Shelf Life
   13.10 Latin America Solar Panel Recycling Market Size Forecast by Process
      13.10.1 Mechanical
      13.10.2 Laser
   13.11 Basis Point Share (BPS) Analysis by Process 
   13.12 Absolute $ Opportunity Assessment by Process 
   13.13 Market Attractiveness Analysis by Process
   13.14 Latin America Solar Panel Recycling Market Size Forecast by Product
      13.14.1 Thin Film
      13.14.2 Monocrystalline
   13.15 Basis Point Share (BPS) Analysis by Product 
   13.16 Absolute $ Opportunity Assessment by Product 
   13.17 Market Attractiveness Analysis by Product

Chapter 14 Middle East & Africa (MEA) Solar Panel Recycling Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Solar Panel Recycling Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Solar Panel Recycling Market Size Forecast by Shelf Life
      14.6.1 Normal Loss
      14.6.2 Early Loss
   14.7 Basis Point Share (BPS) Analysis by Shelf Life 
   14.8 Absolute $ Opportunity Assessment by Shelf Life 
   14.9 Market Attractiveness Analysis by Shelf Life
   14.10 Middle East & Africa (MEA) Solar Panel Recycling Market Size Forecast by Process
      14.10.1 Mechanical
      14.10.2 Laser
   14.11 Basis Point Share (BPS) Analysis by Process 
   14.12 Absolute $ Opportunity Assessment by Process 
   14.13 Market Attractiveness Analysis by Process
   14.14 Middle East & Africa (MEA) Solar Panel Recycling Market Size Forecast by Product
      14.14.1 Thin Film
      14.14.2 Monocrystalline
   14.15 Basis Point Share (BPS) Analysis by Product 
   14.16 Absolute $ Opportunity Assessment by Product 
   14.17 Market Attractiveness Analysis by Product

Chapter 15 Competition Landscape 
   15.1 Solar Panel Recycling Market: Competitive Dashboard
   15.2 Global Solar Panel Recycling Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 SiC Processing GmbH
      15.3.2 Hanwha Group
      15.3.3 Aurubis
      15.3.4 First Solar Inc
      15.3.5 Silrec Corporation
      15.3.6 SILCONTEL LTD
      15.3.7 Envaris
      15.3.8 Yingli Energy Co Ltd
      15.3.9 Reiling GmbH & Co KG
      15.3.10 Trina Solar
      15.3.11 Canadian Solar
      15.3.12 SunPower Corporation
      15.3.13 Echo Environmental LLC
Segments Covered in the Report
The global Solar Panel Recycling market has been segmented based on

By Shelf Life
  • Normal Loss
  • Early Loss
By Process
  • Mechanical
  • Laser
By Product
  • Thin Film
  • Monocrystalline
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • SiC Processing GmbH
  • Hanwha Group
  • Aurubis
  • First Solar Inc
  • Silrec Corporation
  • SILCONTEL LTD
  • Envaris
  • Yingli Energy Co Ltd
  • Reiling GmbH & Co KG
  • Trina Solar
  • Canadian Solar
  • SunPower Corporation
  • Echo Environmental LLC

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