NEW YORK, Oct. 23, 2023 /PRNewswire/ — The solar panel recycling market size is set to grow by USD 417.08 million between 2022 and 2027, and register an accelerating CAGR of 26.97%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. The solar panel recycling market is fragmented, and the degree of fragmentation will accelerate. To help businesses improve their market position, the solar panel recycling market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Canadian Solar Inc., Cleanites Recycling, ENVARIS GmbH, First Solar Inc., NPC Inc., Reclaim PV Recycling Pty Ltd., Recycle Solar Technologies Ltd., Reiling GmbH and Co. KG, Rinovasol Global Services BV, SiC Processing GmbH, SILCONTEL Ltd., Silrec Corp., Solarcycle Inc., SunPower Corp., The Activ Group Solutions Pty Ltd, Veolia Environnement SA, We Recycle Solar, Yingli Green Energy Holding Co. Ltd., Aurubis AG, and Trina Solar Co. Ltd. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read the Sample Report
Technavio has announced its latest market research report titled Global Solar Panel Recycling Market 2023-2027
The report also covers the following areas:
Solar Panel Recycling Market 2023-2027: Segmentation
The solar panel recycling market is segmented as follows:
Product
Type
Geography
Europe
APAC
North America
Middle East And Africa
South America
The market share growth by the crystalline segment will be significant during the forecast period. Factors such as superior cell efficiencies, long lifespans, and compact designs are significantly fuelling the demand for crystalline PV segments globally. According to the IEA reports, crystalline PV accounts for 90% of the market share, making it the most dominant solar PV technology. The main kinds of crystalline silicon by which it is manufactured include monocrystalline and polycrystalline. Both types are used for capturing solar energy and transforming it into electricity. Hence, such factors are expected to drive market growth during the forecast period.
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Vendor Offering
ENVARIS GmbH: The company offers solar panel recycling solutions for consumer and commercial fields.
First Solar Inc: The company offers solar panel recycling solutions such as solar modules, inverters, and frames.
NPC Inc: The company offers solar panel recycling solutions for closed-loop semiconductor recovery.
Solar Panel Recycling Market 2023-2027: Market Dynamics
Key Drivers
The reduction in costs of solar PV systems drives market growth. There is an increasing adoption of solar PVs as it is considered a cost-effective power generation source. Furthermore, there is an increasing growth of solar PVs globally due to the factors such as declining costs, government initiatives, and subsidies, as well as competitive bidding processes. Moreover, the rising demand for clean energy, especially in countries like India and China is expected to drive market growth during the forecast period.
Major Trends
Rising investment in renewable energy sources is a primary trend in the market. There is an increasing demand for renewable energy sources as it is crucial for achieving a sustainable and low-carbon environment. Furthermore, the rapid growth of solar PV and wind energy in the global energy mix has led to a significant cost reduction of these power systems. It is expected that renewables are able to fulfill the growing energy demand, especially from the heat, transportation, and electricity sectors. Hence, such factors are expected to drive market growth during the forecast period.
Significant Challenges
Intermittency in solar power generation can pose a significant challenge impeding the market growth. Factors such as solar irradiation, panel efficiency, and shading, differ across geographic locations and climates which significantly influence the solar output. Even though solar PV panels produce peak power during mid-day under optimal conditions, it needs secondary power sources like batteries, wind or grid power, or hybrid generators during the off-season or at night. Hence, such factors are expected to hinder market growth during the forecast period.
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Global competitiveness and key competitor positions
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Solar Panel Recycling Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist solar panel recycling market growth during the next five years
Estimation of the solar panel recycling market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the solar panel recycling market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of solar panel recycling market vendors
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Solar Panel Recycling Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 26.97%
Market growth 2023-2027
USD 417.08 million
Market structure
Fragmented
YoY growth 2022-2023(%)
25.06
Regional analysis
Europe, APAC, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 38%
Key countries
US, Japan, China, Germany, and Italy
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Canadian Solar Inc., Cleanites Recycling, ENVARIS GmbH, First Solar Inc., NPC Inc., Reclaim PV Recycling Pty Ltd., Recycle Solar Technologies Ltd., Reiling GmbH and Co. KG, Rinovasol Global Services BV, SiC Processing GmbH, SILCONTEL Ltd., Silrec Corp., Solarcycle Inc., SunPower Corp., The Activ Group Solutions Pty Ltd, Veolia Environnement SA, We Recycle Solar, Yingli Green Energy Holding Co. Ltd., Aurubis AG, and Trina Solar Co. Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global solar panel recycling market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on global solar panel recycling market 2017 – 2021 (USD million)
4.2 Product Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 (USD million)
4.3 Process Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Process Segment 2017 – 2021 (USD million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Product
6.1 Market segments
Exhibit 30: Chart on Product – Market share 2022-2027 (%)
Exhibit 31: Data Table on Product – Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Crystalline – Market size and forecast 2022-2027
Exhibit 34: Chart on Crystalline – Market size and forecast 2022-2027 (USD million)
Exhibit 35: Data Table on Crystalline – Market size and forecast 2022-2027 (USD million)
Exhibit 36: Chart on Crystalline – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Crystalline – Year-over-year growth 2022-2027 (%)
6.4 Thin film – Market size and forecast 2022-2027
Exhibit 38: Chart on Thin film – Market size and forecast 2022-2027 (USD million)
Exhibit 39: Data Table on Thin film – Market size and forecast 2022-2027 (USD million)
Exhibit 40: Chart on Thin film – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Thin film – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product (USD million)
Exhibit 43: Data Table on Market opportunity by Product (USD million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 44: Chart on Type – Market share 2022-2027 (%)
Exhibit 45: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Thermal – Market size and forecast 2022-2027
Exhibit 48: Chart on Thermal – Market size and forecast 2022-2027 (USD million)
Exhibit 49: Data Table on Thermal – Market size and forecast 2022-2027 (USD million)
Exhibit 50: Chart on Thermal – Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Thermal – Year-over-year growth 2022-2027 (%)
7.4 Mechanical – Market size and forecast 2022-2027
Exhibit 52: Chart on Mechanical – Market size and forecast 2022-2027 (USD million)
Exhibit 53: Data Table on Mechanical – Market size and forecast 2022-2027 (USD million)
Exhibit 54: Chart on Mechanical – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Mechanical – Year-over-year growth 2022-2027 (%)
7.5 Laser – Market size and forecast 2022-2027
Exhibit 56: Chart on Laser – Market size and forecast 2022-2027 (USD million)
Exhibit 57: Data Table on Laser – Market size and forecast 2022-2027 (USD million)
Exhibit 58: Chart on Laser – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Laser – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 60: Market opportunity by Type (USD million)
Exhibit 61: Data Table on Market opportunity by Type (USD million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 Europe – Market size and forecast 2022-2027
Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 (USD million)
Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 (USD million)
Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.4 APAC – Market size and forecast 2022-2027
Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 (USD million)
Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 (USD million)
Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 75: Chart on North America – Market size and forecast 2022-2027 (USD million)
Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 (USD million)
Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)
Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)
Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 83: Chart on South America – Market size and forecast 2022-2027 (USD million)
Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 (USD million)
Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 Germany – Market size and forecast 2022-2027
Exhibit 87: Chart on Germany – Market size and forecast 2022-2027 (USD million)
Exhibit 88: Data Table on Germany – Market size and forecast 2022-2027 (USD million)
Exhibit 89: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.9 Japan – Market size and forecast 2022-2027
Exhibit 91: Chart on Japan – Market size and forecast 2022-2027 (USD million)
Exhibit 92: Data Table on Japan – Market size and forecast 2022-2027 (USD million)
Exhibit 93: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.10 US – Market size and forecast 2022-2027
Exhibit 95: Chart on US – Market size and forecast 2022-2027 (USD million)
Exhibit 96: Data Table on US – Market size and forecast 2022-2027 (USD million)
Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)
9.11 Italy – Market size and forecast 2022-2027
Exhibit 99: Chart on Italy – Market size and forecast 2022-2027 (USD million)
Exhibit 100: Data Table on Italy – Market size and forecast 2022-2027 (USD million)
Exhibit 101: Chart on Italy – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Italy – Year-over-year growth 2022-2027 (%)
9.12 China – Market size and forecast 2022-2027
Exhibit 103: Chart on China – Market size and forecast 2022-2027 (USD million)
Exhibit 104: Data Table on China – Market size and forecast 2022-2027 (USD million)
Exhibit 105: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on China – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 107: Market opportunity by geography (USD million)
Exhibit 108: Data Tables on Market opportunity by geography (USD million)
10 Drivers, Challenges, and Trends
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
11 Vendor Landscape
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Cleanites Recycling
Exhibit 115: Cleanites Recycling – Overview
Exhibit 116: Cleanites Recycling – Product / Service
Exhibit 117: Cleanites Recycling – Key offerings
12.4 ENVARIS GmbH
Exhibit 118: ENVARIS GmbH – Overview
Exhibit 119: ENVARIS GmbH – Product / Service
Exhibit 120: ENVARIS GmbH – Key offerings
12.5 First Solar Inc.
Exhibit 121: First Solar Inc. – Overview
Exhibit 122: First Solar Inc. – Business segments
Exhibit 123: First Solar Inc. – Key offerings
Exhibit 124: First Solar Inc. – Segment focus
12.6 NPC Inc.
Exhibit 125: NPC Inc. – Overview
Exhibit 126: NPC Inc. – Product / Service
Exhibit 127: NPC Inc. – Key offerings
12.7 Reclaim PV Recycling Pty Ltd.
Exhibit 128: Reclaim PV Recycling Pty Ltd. – Overview
Exhibit 129: Reclaim PV Recycling Pty Ltd. – Product / Service
Exhibit 130: Reclaim PV Recycling Pty Ltd. – Key offerings
12.8 Recycle Solar Technologies Ltd.
Exhibit 131: Recycle Solar Technologies Ltd. – Overview
Exhibit 132: Recycle Solar Technologies Ltd. – Product / Service
Exhibit 133: Recycle Solar Technologies Ltd. – Key offerings
12.9 Reiling GmbH and Co. KG
Exhibit 134: Reiling GmbH and Co. KG – Overview
Exhibit 135: Reiling GmbH and Co. KG – Product / Service
Exhibit 136: Reiling GmbH and Co. KG – Key offerings
12.10 Rinovasol Global Services BV
Exhibit 137: Rinovasol Global Services BV – Overview
Exhibit 138: Rinovasol Global Services BV – Product / Service
Exhibit 139: Rinovasol Global Services BV – Key offerings
12.11 SILCONTEL Ltd.
Exhibit 140: SILCONTEL Ltd. – Overview
Exhibit 141: SILCONTEL Ltd. – Product / Service
Exhibit 142: SILCONTEL Ltd. – Key offerings
12.12 Silrec Corp.
Exhibit 143: Silrec Corp. – Overview
Exhibit 144: Silrec Corp. – Product / Service
Exhibit 145: Silrec Corp. – Key offerings
12.13 Solarcycle Inc.
Exhibit 146: Solarcycle Inc. – Overview
Exhibit 147: Solarcycle Inc. – Product / Service
Exhibit 148: Solarcycle Inc. – Key offerings
12.14 The Activ Group Solutions Pty Ltd
Exhibit 149: The Activ Group Solutions Pty Ltd – Overview
Exhibit 150: The Activ Group Solutions Pty Ltd – Product / Service
Exhibit 151: The Activ Group Solutions Pty Ltd – Key offerings
12.15 Veolia Environnement SA
Exhibit 152: Veolia Environnement SA – Overview
Exhibit 153: Veolia Environnement SA – Business segments
Exhibit 154: Veolia Environnement SA – Key news
Exhibit 155: Veolia Environnement SA – Key offerings
Exhibit 156: Veolia Environnement SA – Segment focus
12.16 We Recycle Solar
Exhibit 157: We Recycle Solar – Overview
Exhibit 158: We Recycle Solar – Product / Service
Exhibit 159: We Recycle Solar – Key offerings
12.17 Yingli Green Energy Holding Co. Ltd.
Exhibit 160: Yingli Green Energy Holding Co. Ltd. – Overview
Exhibit 161: Yingli Green Energy Holding Co. Ltd. – Business segments
Exhibit 162: Yingli Green Energy Holding Co. Ltd. – Key offerings
Exhibit 163: Yingli Green Energy Holding Co. Ltd. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 164: Inclusions checklist
Exhibit 165: Exclusions checklist
13.3 Currency conversion rates for USUSD
Exhibit 166: Currency conversion rates for USUSD
13.4 Research methodology
Exhibit 167: Research methodology
Exhibit 168: Validation techniques employed for market sizing
Exhibit 169: Information sources
13.5 List of abbreviations
Exhibit 170: List of abbreviations
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