MEA Solar Panel Recycling Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 11.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Solar Panel Recycling Market Analysis
The Middle East and African solar panel recycling market is expected to register a CAGR of more than 11.4% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, it has reached pre-pandemic levels.
- Over the long term, factors such as increasing solar panel waste generation across the region, coupled with increasing focus of the respective governments and organizations on solar panel recycling through supportive initiatives, policies, and regulations, are expected to drive the market studied during the forecast period.
- On the flip side, with recycling costing more than the economic value of the recovered materials, companies are not expected to invest in recycling activities, thereby negatively impacting the market's growth.
- The development of new recycling methods to increase efficiency, reduce downsides, and reduce recycling costs is expected to present huge opportunities for solar panel recycling players in the coming years.
- South Africa is expected to witness significant growth in the Middle East and African solar panel recycling market during the forecast period.
MEA Solar Panel Recycling Market Trends
This section covers the major market trends shaping the MEA Solar Panel Recycling Market according to our research experts:
Crystalline Silicon (c-Si) Type to Witness Significant Growth
- Crystalline silicon solar panels dominate the market and hold a majority of the market share in the Middle East and African regions. But due to low-efficiency ratios, the c-Si products have been discontinued in recent years, which has significantly increased the c-Si solar panel recycling market.
- The c-Si technology consists of thin slices of solar-grade silicon, also known as wafers, made into cells, assembled into panels, and connected electrically. The solar panels are made of 76% glass, 10% plastic, 8% aluminum, 5% silicon, and 1% metals. The recycling process yields about 96% of the materials to be reused for producing new solar panels.
- Through the purely mechanical process, the recovery from crystalline silicon is around 85% by panel mass. However, without a combination of the thermal, mechanical, and chemical process, the level of impurities is high enough to reduce the resale value, thereby making it necessary to use a combination of methods instead of just a single method.
- The first step of the process is disassembling the aluminum and glass parts, from which around 95% of the glass and 100% of the metals can be reused. The remaining materials, like plastics and cell modules, are treated thermally at 500 °C in a thermal processing unit to ease the binding between the cell elements.
- The recycling of glass recovered from a solar panel is relatively low cost and involves minimal additional investments for flat-glass recycling companies. Also, by 2030, the weight of glass in a solar panel is expected to rise by 4%, making it around 80%, reducing the cost of new solar panels and increasing the recovery efficiency of old solar panels.
- Therefore, based on the above factors, the crystalline silicon type is expected to witness significant demand in the Middle East and African solar panel recycling market during the forecast period.
South Africa to Witness Significant Demand
- South Africa is one of the largest solar PV markets in the region. With an installed PV capacity of around 5.7 GW, the country, as of 2021, is the largest market in terms of operational solar systems. However, the country's solar market experienced stagnation in the past years, primarily due to the postponement of its renewable energy auctions.
- By 2030, the country is expected to add around 8,500 tons of solar panel waste, up from an estimated 450 metric tons in 2021. However, as of 2021, the country has no recycling facilities for solar equipment.
- In 2021, most of the solar waste was emptied into a landfill in the country as recycling solar panels is not economically viable in African countries. Moreover, the country's government is focusing on investing in new solar panel recycling technology. Therefore, the market is expected to witness a moderate growth rate during the forecast period.
- Although, in the short term, the country has not realized significant solar panel waste that can be viably recycled domestically, the future remains bright as the country's energy goals are steered toward more sustainable models than its regional counterparts. The country is expected to emerge as a potential hub for solar waste recycling in the near future.
- Therefore, based on the above factors, South Africa is expected to witness significant growth in the Middle East and African solar panel recycling market during the forecast period.
MEA Solar Panel Recycling Industry Overview
The Middle East and African solar panel recycling market is consolidated in nature. Some of the major players in the market (in no particular order) include First Solar Inc., Interco Trading Inc., Trina Solar Ltd, SunPower Corporation, and Canadian Solar Inc.
MEA Solar Panel Recycling Market Leaders
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Canadian Solar Inc.
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First Solar, Inc.
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SunPower Corporation
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Trina Solar Ltd
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Interco Trading Inc.
*Disclaimer: Major Players sorted in no particular order
MEA Solar Panel Recycling Market News
- April 2021: A new research project at the UNEP DTU Partnership is expected to create better opportunities for collecting and recycling electronic waste from small solar PV systems in Kenya and other African countries.
MEA Solar Panel Recycling Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD Million, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Process
5.1.1 Thermal
5.1.2 Mechanical
5.1.3 Chemical
5.1.4 Other Processes
5.2 By Type
5.2.1 Crystalline Silicon
5.2.2 Thin Film
5.3 By Geography
5.3.1 South Africa
5.3.2 Egypt
5.3.3 United Arab Emirates
5.3.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Canadian Solar Inc.
6.3.2 First Solar Inc.
6.3.3 Rinovasol GMBH
6.3.4 Sharp Corporation
6.3.5 SunPower Corporation
6.3.6 Trina Solar Ltd
6.3.7 Interco Trading Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Solar Panel Recycling Industry Segmentation
Solar panels contain toxic substances that can harm the environment if disposed on landfills, thus, defeating the purpose of making solar energy sustainable. Therefore, the recycling of used solar panels is necessary. The Middle East and African solar panel recycling market is segmented by process, type, and geography. By process, the market is segmented into thermal, mechanical, chemical, and other processes. By type, the market is segmented into crystalline silicon and thin film. By geography, it is segmented into South Africa, Egypt, the United Arab Emirates, and the Rest of Middle East and Africa. For each segment, the market sizing and forecasts have been done based on value (USD million).
| By Process | |
| Thermal | |
| Mechanical | |
| Chemical | |
| Other Processes |
| By Type | |
| Crystalline Silicon | |
| Thin Film |
| By Geography | |
| South Africa | |
| Egypt | |
| United Arab Emirates | |
| Rest of Middle East and Africa |
MEA Solar Panel Recycling Market Research FAQs
What is the current Middle East and Africa Solar Panel Recycling Market size?
The Middle East and Africa Solar Panel Recycling Market is projected to register a CAGR of greater than 11.40% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Solar Panel Recycling Market?
Canadian Solar Inc., First Solar, Inc., SunPower Corporation, Trina Solar Ltd and Interco Trading Inc. are the major companies operating in the Middle East and Africa Solar Panel Recycling Market.
What years does this Middle East and Africa Solar Panel Recycling Market cover?
The report covers the Middle East and Africa Solar Panel Recycling Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Middle East and Africa Solar Panel Recycling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East and Africa Solar Panel Recycling Industry Report
Statistics for the 2024 Middle East and Africa Solar Panel Recycling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East and Africa Solar Panel Recycling analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
