Global Solar Panel Recycling Market

Solar Panel Recycling Market Size, Share, Growth Analysis, By Process (Thermal, Chemical), By Material, By Shelf Life, By Type, By Region - Industry Forecast 2025-2032

Report ID: SQMIG45O2050 | Region: Global | Published Date: December, 2024
Pages: 184 | Tables: 88 | Figures: 70

Solar Panel Recycling Market News

  • In September 2024, The Queensland Government announced the launch of its new pilot program to promote reuse and recycling of solar panels. The new initiatives was founded in collaboration with Smart Energy Council and received a USD 5.5 million from Queensland government to promote collection of solar panels through community engagement.
  • In July 2023, a new company called Rexia was formed by Marubeni Corporation and HAMADA Co., Ltd. to promote the reuse and recycling of solar panels. The new company is intended to solve the issue of used solar panel waste in Japan and promote solar panel recycling in the future.
  • In March 2023, SOLARCYCLE, a start-up focusing on boosting solar panel recycling industry announced that it had raised USD 30 million. The company intended to use this capital to build its infrastructure and expand its solar panel recycling capacity in the future to scale the business.
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Global Solar Panel Recycling Market size was valued at USD 372.2 million in 2022 and is poised to grow from USD 444.41 million in 2023 to USD 1835.76 million by 2031, growing at a CAGR of 19.4% during the forecast period (2024-2031).

Solar panel recycling companies should focus on maximizing the efficiency and output of their facilities to boost market growth. Collaborating and partnering with other recycling companies to expand business scope and increase recycling capacity will also be key strategies for solar panel recycling providers. Solar panel recycling market players should also invest in the development of sustainable solar panel recycling technologies and systems to unlock the full potential of the global solar panel recycling industry going forward. 'Reiling GmbH & Co. KG  ', 'The Retrofit Companies, Inc.  ', 'Rinovasol Global Services B.V.  ', 'Rosi  ', 'We Recycle Solar  ', 'Etavolt Pte. Ltd.  ', 'Solarcycle, Inc.  ', 'Veolia  ', 'Cleanlites Recycling  ', 'Aerisoul Metal & Energy Corporation  ', 'Envaris GmbH  ', 'Elecsome  ', 'Fabtech  ', 'Interco Trading, Inc.  ', 'Solucciona Energía  ', 'Recycle Solar  ', 'Immark AG  ', 'Commercial Solar Panel Recycling ', 'Recycle1234.com  ', 'Sunr  ', 'Yousolar SRL'

Rapidly increasing emphasis on sustainability has bolstered the demand for renewable energy around the world and this trend is boosting solar energy installations as well. With earlier installations reaching their end of life, there has been a notable surge in solar panel waste thereby driving up the demand for solar panel recycling.

Development of Eco-Friendly Recycling Methods: Solar panel recycling companies can invest in the research and development of novel sustainable and eco-friendly recycling technologies to maximize their business scope in the future. Recycling systems and technologies that use less energy and have a minimal impact on the environment are expected to gain popularity in the long run, hence companies should target this solar panel recycling market trend to maximize their revenue generation through 2031.

Europe is forecasted to account for a massive chunk of the global solar panel recycling market share owing to high emphasis on sustainability and rising demand for renewable energy. Growing solar installations, rising solar panel waste, and availability of supportive government initiatives and funding for recycling companies allows this region to spearhead revenue generation on a global level. High consumer awareness regarding sustainability is also expected to contribute to the dominance of this region. France, Germany, Sweden, the United Kingdom, and Norway are key markets for solar panel recycling companies operating in Europe in the future.

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Global Solar Panel Recycling Market

Report ID: SQMIG45O2050

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