Solar panel recycling market to reach $626 million by 2033

The global solar panel recycling market is expected to reach 626 million USD by 2033, with annual growth of 14.3%, driven by the increase in solar installations and regulations.

Share:

Croissance marché recyclage solaire

Gain full professional access to energynews.pro from 4.90£/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90£/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 £/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99£/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 £/year from the second year.

The solar panel recycling market is booming, responding to the rise in solar installations and new regulatory requirements. In 2024, the market size is estimated at 187.7 million USD, rising to 626 million USD by 2033. This growth is fueled by the need to manage the toxic materials in end-of-life solar panels, such as silicon and cadmium.

Recycling Technologies and Methods

The mechanical segment will dominate the market in 2024, by physically dismantling panels to recover materials. The laser and thermal segments are also expanding, in response to demand for high-purity silicon. These methods improve recycling efficiency, reduce costs and respond to regulatory pressures.
The growth in solar panel sales calls for efficient recycling methods to minimize health risks, reduce the cost of new panels and create jobs. Global regulations and the high cost of landfill sites are encouraging the adoption of recycling practices. Governments are supporting solar projects and the legalization of recycling processes, creating opportunities for market expansion.

Industry Regulations and Initiatives

Europe, with a market share of 34.1% in 2024, will lead the solar panel recycling market. Large-scale solar farm installations and strict regulations are driving this growth. Asia-Pacific, and China in particular, looks set for rapid growth thanks to significant R&D investment and technological innovation.
Global regulations and high landfill costs favor the adoption of recycling practices, with governments supporting solar projects and legalizing recycling processes. The mono-crystalline panel segment is expected to generate the most revenue in 2024 due to its durability and efficiency, while thin-film panels should grow rapidly with performance improvements.

Market challenges and opportunities

The solar panel recycling market faces challenges such as high initial investment and limited recycling infrastructure. However, the increase in solar installations is generating a large volume of end-of-life panels, offering a lucrative opportunity for the market.
Partnerships between government agencies, industry players and research institutions promote knowledge sharing, infrastructure development and investment in the solar panel recycling ecosystem. Innovative recycling technologies, such as robotized sorting and chemical processes, improve efficiency and reduce costs, attracting investment and stimulating market growth.
The solar panel recycling market is booming, driven by technological advances, industrial collaboration and stringent regulations. Future growth will depend on the adoption of circular economy principles, increased awareness and investment in R&D to improve recycling processes.

Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.
Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
New solar installations rose 64% year-on-year, driven by China, which accounted for more than two-thirds of global deployed capacity.
Virya Energy invests EUR2mn in a photovoltaic plant at the Oncopole park-and-ride in Toulouse, marking a 30-year partnership with Tisséo to strengthen the city’s energy self-consumption.
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.
GreenYellow is installing several photovoltaic plants and an energy storage system on Altarea's logistics platforms in Bollène and Puceul, through a 30-year PPA contract fully financed by the company.
Ascent Solar Technologies has signed an agreement with Star Catcher Industries to enhance in-orbit power generation by combining lightweight photovoltaic technology with wireless energy transmission.
NextWave Energy Monitoring integrated 529 megawatts of Cenergy solar projects into its PVPulse platform, including the largest 300 MW photovoltaic plant equipped with its monitoring system.
Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.
Ferrovial will launch a 250 MW solar plant in Texas for $355mn, expanding its US energy portfolio and creating around 300 jobs during the construction phase.
The 4.99 MW floating solar power plant in Cebu supplies the Carmen Copper mining site, covering about 10% of its energy needs, with connection to the national grid now effective.
Four photovoltaic plants totaling 50 MW will be built in Benin by Axian Energy and Sika Capital to strengthen the share of renewables in the country’s energy mix.

Log in to read this article

You'll also have access to a selection of our best content.