Market Size of Europe Solar Panel Recycling Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 24.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Solar Panel Recycling Market Analysis
The Europe solar panel recycling market is projected to register a CAGR of over 24% during the forecast period.
The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.
- Over the long term, the growing demand for solar energy and solar contribution to a greener environment is expected to drive the market in the forecast period. In addition, the reduction in solar panel costs is an essential factor for market growth.
- On the other hand, lack of general awareness and interest is the major restrain for the market. Sometimes, reusing PV panels becomes a challenging economic option, thus, hampering the growth of the market.
- Improvement in the efficiency of recycling processes in recent years is expected to create ample opportunities for the market. One example of a recycling method under the research phase is the method developed by Loser Chemie.
- Germany is expected to dominate the market with various upcoming solar panel installation projects.
Europe Solar Panel Recycling Industry Segmentation
Recycling solar modules is a complex task in which materials/layers of a solar module can be separated, and metals, such as lead, copper, gallium, cadmium, aluminum, and silicon, can be recovered and reused in new products.
The Europe Solar Panel Recycling market is segmented by process (thermal, mechanical, and laser), type (crystalline silicon and thin film), and geography ( Germany, UK, France, Russia, Spain, and the rest of Europe ). The report offers the market size and forecasts in revenue (USD Billion) for all the above segments. The report also covers the market size and forecasts for the Europe solar panel recycling market across the major countries.
| By Process | |
| Thermal | |
| Mechanical | |
| Laser |
| By Type | |
| Crystalline silicon | |
| Thin film |
| By Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Russia | |
| Spain | |
| Rest of Europe |
Europe Solar Panel Recycling Market Size Summary
The Europe solar panel recycling market is poised for significant growth, driven by the increasing demand for solar energy and its role in promoting a sustainable environment. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. A key factor propelling the market is the reduction in solar panel costs, which enhances the feasibility of recycling efforts. However, challenges such as limited awareness and the economic viability of reusing photovoltaic panels pose constraints. Despite these challenges, advancements in recycling technologies, such as those being explored by Loser Chemie, present promising opportunities for market expansion. Germany is anticipated to lead the market, supported by numerous solar panel installation projects and robust government initiatives aimed at boosting solar power capacity.
The market landscape is characterized by the use of crystalline-silicon solar panels, which, despite their complex recycling process due to polymer layers, offer benefits like long-term reliability and abundant raw material availability. European regulations, particularly the WEEE Directive, mandate effective waste management and recycling practices, encouraging manufacturers to design more sustainable products. The market is moderately consolidated, with key players like Trina Solar Co., Sharp Corporation, First Solar Inc., SunPower Corporation, and Reiling Group GmbH & Co. KG actively participating. Innovations in recycling technologies, such as those developed by Rosi Solar and German researchers, are paving the way for more efficient recovery of materials from end-of-life panels, further driving the market's growth trajectory.
Europe Solar Panel Recycling Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD Billion Till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Process
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2.1.1 Thermal
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2.1.2 Mechanical
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2.1.3 Laser
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2.2 By Type
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2.2.1 Crystalline silicon
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2.2.2 Thin film
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2.3 By Geography
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Russia
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2.3.5 Spain
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2.3.6 Rest of Europe
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Europe Solar Panel Recycling Market Size FAQs
What is the current Europe Solar Panel Recycling Market size?
The Europe Solar Panel Recycling Market is projected to register a CAGR of greater than 24% during the forecast period (2024-2029)
Who are the key players in Europe Solar Panel Recycling Market?
Sharp Corporation, Sunpower Corporation, Trina Solar Co., Reiling Group GmbH & Co. KG and First Solar Inc. are the major companies operating in the Europe Solar Panel Recycling Market.
