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Global Solar Panel Recycling Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Global Solar Panel Recycling Market size is valued at around USD 402 million in 2024 and is estimated to grow at a CAGR of around 12.45% during the forecast period, i.e., 2024-30.
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Global Solar Panel Recycling Market Dynamics: 2024-2030
Global Solar Panel Recycling Market Driver:
Growing Utility-Scale PV Projects to Foster Market Growth – Utility-scale solar projects across the globe have been increasing due to the advancement in technologies, declining costs of solar PV technologies, and supportive government policies. In 2022, according to the International Energy Agency, Solar PV is forecasted to account for 60% of the growth in global renewable capacity in 2022 with the commissioning of 190 GW, a 25% gain from last year.
In this, utility-scale projects, account for almost two-thirds of overall PV expansion in 2022. However, these rising deployments further expand solar PV waste globally & pose a significant environmental challenge. These challenges are creating an unprecedented demand for the solar panel recycling market in recent years to reduce the environmental impact of renewable resources in the forthcoming years.
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Global Solar Panel Recycling Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Process
-Thermal- Market Size & Forecast 2019-2030, (USD Million)
-Mechanical- Market Size & Forecast 2019-2030, (USD Million)
-Laser- Market Size & Forecast 2019-2030, (USD Million)
By Type
-Crystalline Silicon- Market Size & Forecast 2019-2030, (USD Million)
-Thin Film- Market Size & Forecast 2019-2030, (USD Million)
Crystalline Silicon solar panel captures the major share in the Global Solar Panel Recycling Market
By End User
-Residential- Market Size & Forecast 2019-2030, (USD Million)
-Commercial & Industrial- Market Size & Forecast 2019-2030, (USD Million)
-Power Utility- Market Size & Forecast 2019-2030, (USD Million)
By Service Providers
-OEMs- Market Size & Forecast 2019-2030, (USD Million)
-In house Recycling- Market Size & Forecast 2019-2030, (USD Million)
By Region
-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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Global Solar Panel Recycling Market:
– Trina Solar Co, Ltd.
-First Solar Inc.
-Sunpower Corporation
-Aurubis AG
-Canadian Solar
-Sharp Corporation
-Reiling Group
-Hanwha Group
-Silrec Corporation.
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