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Solar Panel Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global solar panel recycling market exhibited strong growth during 2015-2020. Solar panels comprise hazardous materials, such as silicon, silver, aluminum, copper, gallium, lead, and cadmium. Their increasing installation across the globe has fueled the need for recycling to reduce waste generation. Solar panel recycling involves activities ranging from decommissioning to collection and sorting. It prevents the release of hazardous substances from waste streams and lessens the greenhouse (GHG) gas emissions of photovoltaic (PV) modules. Presently, several manufacturers are purifying recovered materials to use in new panels or other components like glass foam.

The rising sales of solar panels worldwide due to the increasing adoption of renewable energy sources is resulting in a massive amount of waste streams in landfills every year. This represents one of the key factors stimulating the need for solar panel recycling methods to minimize human health risks and ensure end-of-life (EoL) management. It also helps to reduce the overall cost of new panels and create job opportunities. Apart from this, the introduction of strict regulations and policies, such as product stewardship and increasing landfill costs, by governing authorities of numerous countries is also contributing to the market growth. Additionally, these authorities are legalizing recycling processes and implementing various solar energy projects. This, in turn, is presenting lucrative opportunities to manufacturers operating in this industry for expanding their market reach. Furthermore, several companies are investing in research and development (R&D) activities to recover and recycle rare metal elements, which is anticipated to promote the market growth. Looking forward, IMARC Group expects the global solar panel recycling market to grow at a CAGR of around 12% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global solar panel recycling market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, process, type, material and shelf life.

Breakup by Process:

  • Thermal
  • Mechanical
  • Laser
  • Others
     

Breakup by Type:

  • Crystalline Silicon
  • Thin Film
  • Others
     

Breakup by Material:

  • Metal
  • Glass
  • Aluminum
  • Silicon
  • Others
     

Breakup by Shelf Life:

  • Normal Loss
  • Early Loss
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Canadian Solar., Echo Environmental LLC (Envela Corporation), Envaris GmbH, First Solar Inc., Hanwha Group, Reclaim PV Recycling Pty Ltd, Reiling GmbH & Co. KG, SILCONTEL LTD, Silrec Corporation, SunPower Corporation (Total SE), Total Green Recycling and Trina Solar.

Key Questions Answered in This Report:

  • How has the global solar panel recycling market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global solar panel recycling market?
  • What are the key regional markets?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the shelf life?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar panel recycling market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Solar Panel Recycling Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Process
    6.1    Thermal
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Mechanical
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Laser
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Type
    7.1    Crystalline Silicon
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Thin Film
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Material
    8.1    Metal
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Glass
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Aluminum
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Silicon
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Shelf Life
    9.1    Normal Loss
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Early Loss
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Canadian Solar.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Echo Environmental LLC (Envela Corporation)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Envaris GmbH
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    First Solar Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Hanwha Group
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Reclaim PV Recycling Pty Ltd
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Reiling GmbH & Co. KG
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    SILCONTEL LTD
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Silrec Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    SunPower Corporation (Total SE)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Total Green Recycling
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Trina Solar
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Solar Panel Recycling Market: Major Drivers and Challenges
Figure 2: Global: Solar Panel Recycling Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Solar Panel Recycling Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Solar Panel Recycling Market: Breakup by Process (in %), 2020
Figure 5: Global: Solar Panel Recycling Market: Breakup by Type (in %), 2020
Figure 6: Global: Solar Panel Recycling Market: Breakup by Material (in %), 2020
Figure 7: Global: Solar Panel Recycling Market: Breakup by Shelf Life (in %), 2020
Figure 8: Global: Solar Panel Recycling Market: Breakup by Region (in %), 2020
Figure 9: Global: Solar Panel Recycling (Thermal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Solar Panel Recycling (Thermal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Solar Panel Recycling (Mechanical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Solar Panel Recycling (Mechanical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Solar Panel Recycling (Laser) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Solar Panel Recycling (Laser) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Solar Panel Recycling (Other Processes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Solar Panel Recycling (Other Processes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Solar Panel Recycling (Crystalline Silicon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Solar Panel Recycling (Crystalline Silicon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Solar Panel Recycling (Thin Film) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Solar Panel Recycling (Thin Film) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Solar Panel Recycling (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Solar Panel Recycling (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Solar Panel Recycling (Metal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Solar Panel Recycling (Metal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Solar Panel Recycling (Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Solar Panel Recycling (Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Solar Panel Recycling (Aluminum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Solar Panel Recycling (Aluminum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Solar Panel Recycling (Silicon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Solar Panel Recycling (Silicon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Solar Panel Recycling (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Solar Panel Recycling (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Solar Panel Recycling (Normal Loss) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Solar Panel Recycling (Normal Loss) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Solar Panel Recycling (Early Loss) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Solar Panel Recycling (Early Loss) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: North America: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: North America: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: United States: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: United States: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Canada: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Canada: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Asia-Pacific: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Asia-Pacific: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: China: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: China: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Japan: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Japan: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: India: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: India: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: South Korea: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: South Korea: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Australia: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Australia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Indonesia: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Indonesia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Europe: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Europe: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Germany: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Germany: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: France: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: France: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: United Kingdom: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: United Kingdom: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Italy: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Italy: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Spain: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Spain: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Russia: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Russia: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Latin America: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Latin America: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Brazil: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Brazil: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Mexico: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Mexico: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Others: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Others: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Middle East and Africa: Solar Panel Recycling Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Middle East and Africa: Solar Panel Recycling Market: Breakup by Country (in %), 2020
Figure 85: Middle East and Africa: Solar Panel Recycling Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Global: Solar Panel Recycling Industry: SWOT Analysis
Figure 87: Global: Solar Panel Recycling Industry: Value Chain Analysis
Figure 88: Global: Solar Panel Recycling Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Solar Panel Recycling Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Solar Panel Recycling Market Forecast: Breakup by Process (in Million US$), 2021-2026
Table 3: Global: Solar Panel Recycling Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: Global: Solar Panel Recycling Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 5: Global: Solar Panel Recycling Market Forecast: Breakup by Shelf Life (in Million US$), 2021-2026
Table 6: Global: Solar Panel Recycling Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Solar Panel Recycling Market: Competitive Structure
Table 8: Global: Solar Panel Recycling Market: Key Players

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