Global Solar Panel Recycling Market is projected to expand at a CAGR of 33% with expected to be valued at $300 Million towards the end of 2023

“\”Solar Panel Recycling Market Research Report – Forecast to 2023\””
Solar Panel Recycling Market Segmented by Type (Silicon, Monocrystalline, and Polycrystalline), Process (Thermal, Mechanical, Laser) and Region – Global Forecast Till 2023

Market Snapshot:

According to Market Research Future (MRFR)’s new study, the global solar panel recycling market is projected to expand at a CAGR of 33% during the forecast period 2018 to 2023. The market is expected to be valued at USD 300 Mn towards the end of 2023. The strong value maintained by the renewable energy sector coupled with rising investments in solar power generation is likely to catalyze the expansion of the solar panel recycling market over the assessment period. Investments are prognosticated to flow towards solar advance technologies, which is anticipated to open new avenues of growth opportunities for the market participants.

Additionally, the thriving rate of PV installation has paved the way for rising volume of decommissioned PV panels. This, in turn, is poised to expedite the proliferation of the solar panel recycling market in the foreseeable future.

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The support extended by the government for reduction of carbon footprints through large-scale solar power generation is expected to influence the expansion of the market positively over the next couple of years. Furthermore, the developing economies resonate promising potential to emerge as major country-level markets in the forthcoming years. Nevertheless, the high cost of energy storage is likely to hold the growth of the solar panel recycling market over the assessment period.

Report Overview:

This MRFR’s report offers a five-year forecast (2018 to 2023) for the global solar panel recycling market. It highlights the current market status and industry trends. For market sizing, all the types of solar panel recycling such as silicon solar panels, monocrystalline solar panels, polycrystalline solar panels, and thin-film solar panels are profiled. A revenue analysis of different processes encompasses thermal, mechanical, and laser. The solar panel recycling market is also studied on the basis of shelf life for an in-depth study, which includes normal loss and early loss. The geographical study of the solar panel recycling market spans across North America, Europe, Asia Pacific, and Rest of the World.

Companies Covered:

Some of the key players operating in the global solar panel recycling market are Yingli Energy Co, Silcontel, Reclaim PV Recycling, Zorlu Holding, First Solar, Canadian Solar Inc, Rinovasol Group, Reiling GmbH & Co, ECS Refining LLC, and Silrec Corporation.

Research Methodology:

MRFR strives to offer fact-based insights into the market for empowering our clients to make informed decisions. Fail-safe research and evaluation methods are leveraged for data mapping and uncovering of market trends from data collected through extensive primary and secondary research. The points of references referred for data curation include interviews with key level executives, SEC filings, surveys, annual reports and whitepaper references among others. Furthermore, top-down and bottom-up approaches employed reaffirm the credibility of the market size and revenue estimation. A multi-layer verification process authenticates the credibility of the holistic insights and statistical observations available in our report.

Segmental Analysis:

By Type

Silicon Solar Panels

Monocrystalline Solar Panels

Polycrystalline Solar Panels

Thin-Film Solar Panels

By Process




By Shelf Life

Normal loss

Early loss

By Region

North America


Asia Pacific

Rest of the World

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Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 Market Structure

2.4 Key Takeaways

2.5 Key Buying Criteria

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

4.6 List of Assumptions

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Increasing Volume Of Decommissioned PV Panels

5.2.2 Huge Untapped Potential Recycle Increasing Volume

5.3 Restraints

5.3.1 Expensive Energy Storage

5.3.2 Restraints Impact Analysis

5.4 Opportunities

5.4.1 Increasing Investment In Renewable Energy Sources

5.4. 2 Increase In Solar Advance Technology

5.5 Supply Chain Analysis

5.6 Porter’s Five Forces Model

5.6.1 Threat Of New Entrants

5.6.2 Bargaining Power Of Suppliers

5.6.3 Bargaining Power Of Buyers

5.6.4 Threat Of Substitutes

5.6.5 Intensity Of Rivalry

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


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