Global solar panel recycling market is anticipated to grow at a significant CAGR of 14.3% during the forecast period (2024-2031). The market growth is attributed to the rising demand for solar panels resulting in increasingly efficient recycling methods globally. Additionally, increasing collaboration among recyclers and solar manufacturers to create standardized recycling processes and infrastructure. For instance, in February 2024, Qcells partnered with SOLARCYCLE® on recycling solar panels to accelerate the domestic supply chain. Working together, the companies accelerate their shared vision of building a circular, clean energy supply chain that creates jobs and reduces US reliance on imported, raw materials that are frequently subject to supply chain disruptions.
Browse the full report description of “Solar Panel Recycling Market Size, Share & Trends Analysis Report by Material (Glass, Plastic, Aluminum, Silicon, and Metals). by Product (Silicon Based PV and Thin Film PV). and by Process (Thermal, Mechanical, Chemical, Combination and Laser). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/solar-panel-recycling-market
Market players investing in the recycling solar panels to minimize the environmental impact of end-of-life PV systems such as the release of heavy metals into the environment through e-waste management. For instance, in December 2022, Aurubis invested €530.0 million ($558.5 million) to accelerate the expansion of the modular recycling system and double of processing capacity at the Aurubis Richmond site in Georgia, US. In addition, Aurubis invests in the CRH (Complex Recycling Hamburg) project to increase recycling capabilities in Hamburg, and in the expansion of the in-house solar park at the Pirdop site in Bulgaria.
Used solar panels unsuitable for reuse owing to damage or significant deteriorations in performance have conventionally been disposed of in landfills. The collection and recycling of used solar panels unsuitable for reuse by separating their materials into glass, cell sheets, and other resources in cooperation with solar panel recycling companies throughout with access to advanced recycling technologies. For instance, in July 2023, Marubeni Corp. launched reuse and recycling services for used solar panels. Marubeni Corp. and HAMADA Co., Ltd. have established a new company, “Rexia Corporation” which has started to provide reuse and recycling-related services involving the sale, purchase, and disposal of used solar panels.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material
o By Product
o By Process
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Aurubis AG, Canadian Solar Inc., First Solar, Inc., Sharp Corp., and Veolia Environnement S.A., among others.
Key questions addressed by the report.
Global Solar Panel Recycling Market Report Segment
By Material
By Product
By Process
Global Solar Panel Recycling Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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