Solar Panel Recycling Market To Reach $548.0 Million By 2030

Solar Panel Recycling Market Growth & Trends

The global solar panel recycling market size is estimated to reach USD 548.0 million by 2030, registering a CAGR of 7.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing preference for renewable energy over conventional sources of energy considering the nominal ecological impact is likely to boost the market growth over the projected period.

The growing number of photovoltaic installations on account of their declining prices is likely to further enhance the demand for the recycling of solar panels. Also, the rising awareness about the cost as well as ecological benefits related to solar energy is expected to trigger the market growth. With the extensive R&D, various mechanisms and processes to carry out the active recycling of solar panels have progressed.

Moreover, several strict regulations and government certifications with regards to appropriate solar panel waste treatment and to encourage the implementation of solar energy projects are expected to drive the market. To permit supportable development, certain government authorities are also providing numerous support schemes and incentives for the effective recycling of solar panels.

The mechanical solar panel recycling process type segment led the market in 2024. The segment will retain its dominant position throughout the forecast years on account of the wide usage of this process due to its efficiency and low impact on the environment. The monocrystalline solar panels recycling accounted for the largest share in 2024. High-efficiency stages and longer shelf life along with space efficacy are projected to surge the demand for such panels over the upcoming years.

Europe is the leading regional market owing to the wide consumer acceptance and early product adoption across the region. Moreover, various government actions to legalize the recycling process in countries, such as the U.K. and Germany, are estimated to thrust the market growth. Certain technological advancements to boost the rate of recycling are expected to drive the product demand further.

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Solar Panels Recycling Market Report Highlights

• The global market was valued at over USD 322.9 million in 2024 and is estimated to record a CARG of 7.4% over the projected period.

• The early loss end-use segment led the market in 2024. However, the normal loss segment is projected to register the fastest CAGR from 2025 to 2030.

• Mechanical process segment is account for the largest revenue share by 2024, due to the well-established and cost-effective nature of mechanical recycling processes.

• The Asia Pacific will be the fastest-growing regional market over the forecast period. China is expected to account for the maximum share in the APAC market.

• North America dominated the global market in 2024 and is also estimated to have significant growth during the forecast period.

Solar Panels Recycling Market Segmentation

Grand View Research has segmented the global solar panel recycling market based on type, shelf life, technique, and region:

Solar Panel Recycling Type Outlook (Revenue, USD Million, 2018 - 2030)

• Mechanical

• Thermal

• Laser

Solar Panel Recycling Shelf Life Outlook (Revenue, USD Million, 2018 - 2030)

• Early Loss

• Normal Loss

Solar Panel Recycling Technique Outlook (Revenue, USD Million, 2018 - 2030)

• Monocrystalline

• Polycrystalline

• Thin Film

Solar Panel Recycling Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

• Middle East and Africa (MEA)

List of Key Players of Solar Panels Recycling Market

• First Solar Inc.

• Echo Environmental, LLC

• SILCONTEL LTD

• Canadian Solar

• Silrec Corporation.

• SunPower Corporation

• Reiling GmbH & Co. KG

• Trina Solar

• Aurubis

• Envaris

• SiC Processing GmbH

• Yingli Energy Co. Ltd.

• Hanwha Group