Solar Panel Recycling Market - Analysis by Process, Type, and Geography - Growth, Trends and Forecast (2019 - 2024)

Solar Panel Recycling Market - Analysis by Process, Type, and Geography - Growth, Trends and Forecast (2019 - 2024)

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Strict government regulations on the emissions from the power plant, technological development and declining cost of clean energy have led to widespread development of solar energy in the power sector. Solar PV installation grew by 31% in 2017 and is expected to grow further as projects are expected to come up in the near future. This is expected to result in production huge volume of e-waste in the future. However, many solar panels contain heavy metals, such as cadmium and lead and its disposal can result in contamination of soil, water and/or air. As a result, landfilling spent solar panels is not an option. Recycling of solar panels can help to recover 80 percent of a crystalline silicon unit from each solar panel. As a result, the widespread deployment of solar panel in the past is expected to create a huge opportunity for the recycling business once the panels complete their service life. 


Policy Level Support - Drives the Market

The governments across the world have formulated policies to recycle the industrial waste which, in turn, is anticipated to provide a huge impetus to the solar panel recycling market during the forecast period. In the European Union, the legislation (Directive 2002/96/EC on WEEE) was formulated to create collection schemes where consumers return their used waste equipment free of charge. The directive is aimed at increasing the recycling and/or re-use of such products. The target set by the directive include the collection of 4 kilograms of such waste per year per inhabitant for waste electrical and electronic equipment (WEEE) from households. Since European Union countries have a high capacity for solar power generation infrastructure, the policy level directive is anticipated to drive the solar panel recycling market. The expanding solar power infrastructure has created a need for recycling policy which drives the market for solar panel recycling market.

Asia-Pacific to Dominate the Market Growth

Asia-Pacific is the fastest growing market for solar power recycling business, as the market in the region is in a nascent phase and it is currently witnessing massive deployment of solar power plants. The cumulative installed photovoltaic capacity in the Asia-Pacific region stood at 219.12 Gigawatt in 2017 and the growth rate in the same year was 50.5%. The Asia-Pacific countries have witnessed the robust development of solar power infrastructure on account of policy level support to promote solar power sector. In India, the government has targeted to create 100 GW of solar power generation capacity by the end of 2022 which has accelerated the pace of solar power development in the country. This has created a huge potential for the recycling business in the region. However, the region lags behind in terms of required technology and also solar power plants in China (largest market for solar power) are located in remote areas and recycling industries are located in developed areas, resulting in a huge cost for transportation of bulky panels over long distances. As a result, growth in the Asia-Pacific market is expected to be restrained.



The major players include – Trina Solar, Sharp Corporation, JA Solar Co., Ltd., Canadian Solar Inc., Renesola, Hanwha Group, SunPower Corporation, Reclaim PV Recycling Pty Ltd., Yingli Energy Co. Ltd., Reiling Group, amongst others.

Reasons to Purchase This Report

  • Current and future solar panel recycling market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in excel)

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1. Executive Summary                  

2. Research Methodology                           

                2.1 Scope of the Report               

                2.2 Market Definition     

                2.3 Study Assumptions

                2.4 Study Deliverables  

                2.5 Research Phases     

3. Market Overview                         

                3.1 Introduction              

                3.2 Market Size and Demand Forecast until 2023 (in USD billion)

                3.3 Recent Trends and Developments   

                3.4 Government Policies & Regulations 

                3.5 Investment Opportunities   

4. Market Dynamics                       

                4.1 Drivers         

                4.2 Restraints   

                4.3 Opportunities            

5. Supply Chain Analysis                              

6. Industry Attractiveness - Porter’s Five Force Analysis                               

                6.1 Bargaining Power of Suppliers           

                6.2 Bargaining Power of Consumers       

                6.3 Threat of New Entrants        

                6.4 Threat of Substitutes            

                6.5 Intensity of Competitive Rivalry        

7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)                  

                7.1 By Process 

                                7.1.1 Thermal

                                7.1.2 Mechanical

                                7.1.3 Laser

                7.2 By Type        

                                7.2.1 Monocrystalline

                                7.2.2 Polycrystalline

                                7.2.3 Thin film

8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)                     

                8.1 North America          

                8.2 Europe         

                8.3 Asia-Pacific

                8.4 Rest of World            

9. Key Company Analysis (Overview, Products & Services, Financials*, Recent Development, and Analyst View)                   

                9.1 Trina Solar  

                9.2 Sharp Corporation  

                9.3 JA Solar Co., Ltd.      

                9.4 Canadian Solar Inc. 

                9.5 Renesola     

                9.6 Hanwha Group         

                9.7 SunPower Corporation          

                9.8 Reclaim PV Recycling Pty Ltd             

                9.9 Yingli Energy Co. Ltd              

                9.10 Reiling Group          

                *List not Exhaustive      

10. Competitive Landscape                        

                10.1 Mergers & Acquisitions      

                10.2 Joint Ventures, Collaborations, and Agreements    

                10.3 Strategies Adopted by Leading Market Players        

11. Future of the Market                              

12. Appendix                    

                12.1 Contact Us               

                12.2 Disclaimer

*Subject to availability on public domain

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