Solar Panel Recycling Market Size & Share, by Type (Monocrystalline & Polycrystalline, Thin Film); Process (Thermal, Mechanical, Laser); Shelf Life (Normal Loss, Early Loss); End-user (Manufacturers, Government Authorities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035
First Solar Inc. and Capital Power Corporation declared that Capital Power has received its first order for roughly 1 GWDC of ultra-low carbon thin film solar modules that have been ethically produced. The Series 6 Plus modules will help Capital Power's expanding development portfolio and will be supplied between 2026 and 2028.
The AES Corporation has established a pilot program to evaluate construction breakage and end-of-life solar panel waste across the firm's portfolio and inked a Recycling Services Agreement with SOLARCYCLE, a tech-driven recycling services company. In accordance with the contract, AES may ship broken or outdated solar panels to SOLARCYCLE's cutting-edge, high-recovery recycling facility in Odessa, Texas, for ethical recycling and reuse.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 1481
Published Date: Sep 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing environmental concerns, government initiatives and increasing utilization of solar power globally are driving the market growth.
The market size of solar panel recycling is anticipated to attain a CAGR of 38% over the forecast period, i.e., 2023 – 2035.
The major players in the market are First Solar Inc, SOLARCYCLE Inc, Reiling GmbH & Co. KG, Rinovasol Group, ENVARIS GmbH, Silrec Corporation, NPC Incorporated, EIKI SHOJI Co, Ltd, ITOCHU Corporation, Niimi Solar Company, and others.
The monocrystalline segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.