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Solar Panel Recycling Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2022
  • Pages: 134
  • SKU: IRTNTR45391
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The Solar Panel Recycling Market is projected to grow by USD 312.17 million with a CAGR of 26.01% during the forecast period 2021 to 2026.

This solar panel recycling market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the solar panel recycling market segmentation by product (crystalline and thin-film) and geography (Europe, APAC, North America, the Middle East and Africa, and South America). The solar panel recycling market report also offers information on several market vendors, including EIKI Trading Co. Ltd., Canadian Solar Inc., Dynamic Lifecycle Innovations, ENVARIS GmbH, Etavolt Pte. Ltd., First Solar Inc., Poseidon Solar Services Pvt. Ltd., PV Industries Pty Ltd, Reclaim PV Recycling Pty Ltd., Recycle Technologies, Inc., Reiling GmbH & Co. KG, Reliance Industries Ltd., REMA System AS, Rieger & Kraft Solar GmbH, Rinovasol Global Services BV, ROSI SAS, SILCONTEL Ltd., Sofina SA, Targray Technology International Inc., and Veolia Environment SA among others.

What will the Solar Panel Recycling Market Size be During the Forecast Period?

Solar Panel Recycling Market Size

Download the Report Sample to Unlock the Solar Panel Recycling Market Size for the Forecast Period and Other Important Statistics

 

Solar Panel Recycling Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The reduction in the cost of solar PV systems is notably driving the solar panel recycling market growth, although factors such as challenges associated with product characteristics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the solar panel recycling market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar Panel Recycling Market Driver

The reduction in the cost of solar PV systems is a key factor driving the global solar panel recycling market growth. Solar PVs are regarded as one of the least expensive sources of power generation. In 2011, the Solar Energy Technologies Office (SETO) of the US DoE launched the SunShot Initiative, which aims to reduce the cost of solar PV systems in the US, thereby boosting solar power generation. The US DoE planned to achieve its targets by 2020 to make solar power generation technology cost-competitive with other sources of power generation;  In 2017, the US solar industry managed to achieve the SunShot Initiative's original objectives for 2020 of $0.06 per kilowatt-hour for utility-scale photovoltaic (PV) solar power three years ahead of schedule. With the cost of solar PV systems declining substantially, owing to government initiatives and subsidies, as well as competitive bidding processes, there has been substantial growth in solar PV installations globally. Boosted by the demand for clean and sustainable energy, the demand for solar PV is expected to grow, particularly in the US, India, and China. Achieving economies of scale will pull down the costs further. Hence, the reduction in the cost of solar PV systems is expected to boost solar power generation. This will drive the growth of the global solar panel recycling market during the forecast period.

Key Solar Panel Recycling Market Trend

The increasing investments in renewable energy sources will fuel the global solar panel recycling market growth. Owing to the global shift toward achieving a sustainable and less carbon-intensive environment, renewable energy sources are gaining traction globally. Over the past two decades, there has been a significant change in the global energy mix. Renewables have grown dramatically in recent years, owing to a sharp reduction in the cost of solar PV systems and wind power systems. In addition to electricity, renewables are expected to play a significant role in fulfilling energy demand from the heat and transportation sectors through the rising adoption of EVs. Hence, substantial investments are being made to boost renewable power generation. Investments in clean energy are growing significantly globally. The use of renewable energy sources, such as solar PV and wind, has been increasing significantly owing to a rise in government support and investments. The increase in solar PV installations, in turn, will increase the generation of solar PV panel waste, thus boosting the growth of the global solar panel recycling market during the forecast period.

Key Solar Panel Recycling Market Challenge

The challenges associated with product characteristics are a major challenge to the global solar panel recycling market growth. Solar PV panels are majorly composed of glass. However, they also contain hazardous materials such as cadmium, lead, and other toxic substances. These chemicals cannot be separated without breaking the entire panel. Also, chemical and thermal processes may be employed to recover high-value materials such as silver and copper. If silicon is absent, the entire solar PV panel is thermally dismantled through chemical baths. On the other hand, the mechanical process separates each part through two phases. In the first phase, a specific machine is used, which takes about ten seconds to detach the module from the upper glass. In the second phase, the glass is ground and resold. Hence, it is difficult to recycle glass due to the presence of impurities, which increases the risk of contamination in landfills, as toxic and sharp materials will enter the soil.  Such challenges associated with solar PV panel characteristics and the need for technical expertise to recycle solar PV panel waste make it difficult to recycle solar PV panels efficiently, thus hindering the growth of the global solar panel recycling market.

This solar panel recycling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global solar panel recycling market as a part of the global environmental and facilities services market within the global industrial market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar panel recycling market during the forecast period.

Who are the Major Solar Panel Recycling Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • EIKI Trading Co. Ltd.
  • Canadian Solar Inc.
  • Dynamic Lifecycle Innovations
  • ENVARIS GmbH
  • Etavolt Pte. Ltd.
  • First Solar Inc.
  • Poseidon Solar Services Pvt. Ltd.
  • PV Industries Pty Ltd
  • Reclaim PV Recycling Pty Ltd.
  • Recycle Technologies, Inc.
  • Reiling GmbH & Co. KG
  • Reliance Industries Ltd.
  • REMA System AS
  • Rieger & Kraft Solar GmbH
  • Rinovasol Global Services BV
  • ROSI SAS
  • SILCONTEL Ltd.
  • Sofina SA
  • Targray Technology International Inc.
  • Veolia Environment SA

This statistical study of the solar panel recycling market encompasses successful business strategies deployed by the key vendors. The solar panel recycling market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Solar Panel Recycling Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the solar panel recycling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global industrial market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Solar Panel Recycling Market?

Solar Panel Recycling Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

38% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for the solar panel recycling market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The reduction in costs of solar PV systems will facilitate the solar panel recycling market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The COVID-19 pandemic had a detrimental influence on the market in focus in APAC, particularly owing to a decline in energy usage in commercial and industrial facilities due to the stringent lockdowns enforced by governments in most countries in 2020. As a result, most solar panel equipment production and recycling facilities stopped operating in the first half of 2020 to prevent the spread of the disease. However, due to mass vaccination programs held in APAC in 2021, the subsequent relaxation of lockdown restrictions resulted in the restoration of operations across the region's solar power generation plants, driving greater demand for solar panel recycling across APAC in 2021. As a result, the solar panel recycling market in APAC is predicted to grow rapidly during the forecasted period.

What are the Revenue-generating Product Segments in the Solar Panel Recycling Market?

Solar Panel Recycling Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The solar panel recycling market share growth in the crystalline segment will be significant during the forecast period. As of 2021, crystalline PV panels are extremely stable and can deliver efficiencies of 25%. Two types of crystalline silicon, namely, monocrystalline silicon and polycrystalline silicon, are used to manufacture solar PV panels. The function of both these solar PV panels in the overall solar PV panel system remains the same. They capture energy from the sun and convert it into electricity. Monocrystalline panels are constructed by forming the silicon into bars and cutting them into wafers. Here, silicon is used as a single crystal. Since the cell is composed of a single crystal, the electrons that generate electricity have more room to flow. Owing to this, monocrystalline silicon panels are more efficient than polycrystalline silicon panels. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar panel recycling market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Solar Panel Recycling Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 26.01%

Market growth 2022-2026

$312.17 million

Market structure

Fragmented

YoY growth (%)

24.1

Regional analysis

Europe, APAC, North America, the Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, Japan, China, Germany, and Italy

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

EIKI Trading Co. Ltd., Canadian Solar Inc., Dynamic Lifecycle Innovations, ENVARIS GmbH, Etavolt Pte. Ltd., First Solar Inc., Poseidon Solar Services Pvt. Ltd., PV Industries Pty Ltd, Reclaim PV Recycling Pty Ltd., Recycle Technologies, Inc., Reiling GmbH & Co. KG, Reliance Industries Ltd., REMA System AS, Rieger & Kraft Solar GmbH, Rinovasol Global Services BV, ROSI SAS, SILCONTEL Ltd., Sofina SA, Targray Technology International Inc., and Veolia Environment SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Solar Panel Recycling Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive solar panel recycling market growth during the next five years
  • Precise estimation of the solar panel recycling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar panel recycling industry across Europe, APAC, North America, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar panel recycling market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Crystalline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Crystalline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Crystalline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Crystalline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Crystalline - Year-over-year growth 2021-2026 (%)
    • 5.4 Thin-film - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Thin-film - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Thin-film - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Thin-film - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Thin-film - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 Italy - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Canadian Solar Inc.
              • Exhibit 89: Canadian Solar Inc. - Overview
              • Exhibit 90: Canadian Solar Inc. - Business segments
              • Exhibit 91: Canadian Solar Inc. - Key news
              • Exhibit 92: Canadian Solar Inc. - Key offerings
              • Exhibit 93: Canadian Solar Inc. - Segment focus
            • 10.4 Dynamic Lifecycle Innovations
              • Exhibit 94: Dynamic Lifecycle Innovations - Overview
              • Exhibit 95: Dynamic Lifecycle Innovations - Product / Service
              • Exhibit 96: Dynamic Lifecycle Innovations - Key offerings
            • 10.5 EIKI Trading Co. Ltd.
              • Exhibit 97: EIKI Trading Co. Ltd. - Overview
              • Exhibit 98: EIKI Trading Co. Ltd. - Product / Service
              • Exhibit 99: EIKI Trading Co. Ltd. - Key offerings
            • 10.6 ENVARIS GmbH
              • Exhibit 100: ENVARIS GmbH - Overview
              • Exhibit 101: ENVARIS GmbH - Product / Service
              • Exhibit 102: ENVARIS GmbH - Key offerings
            • 10.7 First Solar Inc.
              • Exhibit 103: First Solar Inc. - Overview
              • Exhibit 104: First Solar Inc. - Business segments
              • Exhibit 105: First Solar Inc. - Key news
              • Exhibit 106: First Solar Inc. - Key offerings
              • Exhibit 107: First Solar Inc. - Segment focus
            • 10.8 Reiling GmbH and Co. KG
              • Exhibit 108: Reiling GmbH and Co. KG - Overview
              • Exhibit 109: Reiling GmbH and Co. KG - Product / Service
              • Exhibit 110: Reiling GmbH and Co. KG - Key offerings
            • 10.9 REMA System AS
              • Exhibit 111: REMA System AS - Overview
              • Exhibit 112: REMA System AS - Product / Service
              • Exhibit 113: REMA System AS - Key offerings
            • 10.10 Rinovasol Global Services BV
              • Exhibit 114: Rinovasol Global Services BV - Overview
              • Exhibit 115: Rinovasol Global Services BV - Product / Service
              • Exhibit 116: Rinovasol Global Services BV - Key offerings
            • 10.11 Targray Technology International Inc.
              • Exhibit 117: Targray Technology International Inc. - Overview
              • Exhibit 118: Targray Technology International Inc. - Product / Service
              • Exhibit 119: Targray Technology International Inc. - Key offerings
            • 10.12 Veolia Environment SA
              • Exhibit 120: Veolia Environment SA - Overview
              • Exhibit 121: Veolia Environment SA - Business segments
              • Exhibit 122: Veolia Environment SA - Key offerings
              • Exhibit 123: Veolia Environment SA - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 124: Inclusions checklist
                • Exhibit 125: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 126: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 127: Research methodology
                • Exhibit 128: Validation techniques employed for market sizing
                • Exhibit 129: Information sources
              • 11.5 List of abbreviations
                • Exhibit 130: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Solar Panel Recycling market growth will increase by $312.17 million during 2022-2026.
              The solar panel recycling market is expected to grow at a CAGR of 26.01% during 2022-2026.
              Technavio has segmented the solar panel recycling market by product (Crystalline and Thin-film) and geography (Europe, APAC, North America, Middle East and Africa, and South America).
              EIKI Trading Co. Ltd., Canadian Solar Inc., Dynamic Lifecycle Innovations, ENVARIS GmbH, Etavolt Pte. Ltd., First Solar Inc., Poseidon Solar Services Pvt. Ltd., PV Industries Pty Ltd, Reclaim PV Recycling Pty Ltd., Recycle Technologies, Inc., Reiling GmbH and Co. KG, Reliance Industries Ltd., REMA System AS, Rieger and Kraft Solar GmbH, Rinovasol Global Services BV, ROSI SAS, SILCONTEL Ltd., Sofina SA, Targray Technology International Inc., Veolia Environment SA are a few of the key vendors in the solar panel recycling market.
              APAC will register the highest growth rate of 37.96% among the other regions. Therefore, the solar panel recycling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the solar panel recycling market growth are:
              • Reduction in costs of solar PV systems
              • Increasing investment in renewable energy sources
              The solar panel recycling market vendors should focus on grabbing business opportunities from the crystalline segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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