Solar Panel Recycling Market Size, Share, Trends, and Forecasts (2023-2030)
Research Reports
Oct 15, 2023
Market Research Future Insights
The global solar panel recycling market is expected to reach USD 461.2 million by 2030, growing at a CAGR of 12.5% during the forecast period.
The growth of the market is driven by a number of factors, including:
- Increasing installation of solar panels worldwide
- Growing awareness of the environmental benefits of solar panel recycling
- Government regulations and incentives promoting solar panel recycling
The market is segmented by type, process, and region. By type, the market is divided into crystalline silicon and thin-film solar panels. Crystalline silicon solar panels are expected to account for the largest share of the market during the forecast period. By process, the market is segmented into mechanical, thermal, and laser.
Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/6701
Mechanical recycling is the most widely used process in the solar panel recycling industry. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to account for the largest share of the market during the forecast period.
Solar panel recycling refers to the process of recovering and reusing the valuable materials from end-of-life or damaged solar panels. It helps in reducing the environmental impact of solar panel disposal, promoting the circular economy, and conserving natural resources. The solar panel recycling market is expected to grow significantly in the coming years due to the increasing installation of solar panels and the growing awareness of sustainable waste management practices.
The COVID-19 pandemic had a mixed impact on the solar panel recycling market. On one hand, the lockdowns and economic slowdowns resulted in a decrease in the installation of solar panels, leading to a reduced supply of end-of-life panels for recycling. On the other hand, the pandemic also created a greater awareness of the importance of sustainable waste management and circular economy, which could drive demand for recycling services in the long run.
Regional Analysis
North America and Europe are expected to be the major markets for solar panel recycling due to their early adoption of solar energy and strict environmental regulations. The Asia-Pacific region is expected to grow at a faster rate due to the increasing adoption of solar energy in countries such as China, India, and Japan. Latin America and the Middle East & Africa are expected to have moderate growth due to the developing solar industry in these regions.
Market Segmentation
The Global Solar Panel Recycling market has been segmented into process and type.
Based on Process: The Solar Panel Recycling market is divided into Thermal, Mechanical, and Laser segments based on process.
Based on Type: The Solar Panel Recycling market is divided into three types based on type: Silicon, Monocrystalline, and Polycrystalline.
Browse Full Report:
https://www.marketresearchfuture.com/reports/solar-panel-recycling-market-6701
Key players:
- Yingli Energy Co
- Silcontel, Reclaim PV Recycling
- Zorlu Holding
- First Solar
- Canadian Solar Inc
- Rinovasol Group
- Reiling GmbH & Co
- Recycle PV Solar, LLC
- Solon
- We Recycle Solar
- Cleanlites Recycling
- Reclaim PV Recycling
- Morgen Industries, Inc.
- Silcontel Ltd
- Recycle Solar Technologies Limited
More Trending Reports:
Photovoltaic Mounting System Market
Solar Photovoltaic Mounting Systems Market
Solar PV Panels Market
Solar Photovoltaic Market
Solar PV Market
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to 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 answer your most important questions.
Contact Information:
Contact Information: Contact Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English