太陽光パネルリサイクル市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年4月

Solar Panel Recycling Market – Global Forecast to 2029

太陽光パネルリサイクル市場 : タイプ (単結晶、多結晶、薄膜)、プロセス (熱、化学、機械、レーザー、コンビネーション)、保存期間 (早期損失、通常損失)、材料 (金属、ガラス、プラスチック、シリコン) – 2029年までの世界予測
Solar Panel Recycling Market by Type (Monocrystalline, Polycrystalline, Thin Film), Process (Thermal, Chemical, Mechanical, Laser, Combination), Shelf Life (Early Loss, Normal Loss), Material (Metal, Glass, Plastic, Silicone) – Global Forecast to 2029

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Report Overview

The solar panel recycling market is projected to reach USD 931 million by 2029, at a CAGR of 19.3% from USD 385 million in 2024.

太陽光パネルリサイクル市場は、2024年の3億8,500万米ドルから19.3%のCAGRで、2029年までに9億3,100万米ドルに達すると予測されています。

The solar panel recycling market is primarily adriven by the increasing adoption of solar energy and the resulting rise in end-of-life solar panels. With the expansion of the solar industry, there is a growing volume of retired solar panels that need to be managed sustainably. Additionally, government initiatives and regulations promoting renewable energy and waste management are fueling the demand for solar panel recycling.

太陽光パネルリサイクル市場 : 2029年までの世界予測
Moreover, the increasing value of recycled materials, such as metals like aluminum and copper, due to market demand for sustainable resources is a significant driver for the solar panel recycling market. As industries worldwide seek to reduce their environmental footprint and meet sustainability goals, the demand for recycled materials is rising driving the growth of the solar panel recycling market.

“Monocrystalline type, is expected to be the fastest growing segment for solar panel recycling market during the forecast period, in terms of value.”

Monocrystalline solar panels are experiencing rapid growth in the solar panel recycling market due to several factors. Firstly, monocrystalline panels are becoming increasingly popular in solar installations due to their higher efficiency and better performance compared to other types of panels. As a result, the overall volume of monocrystalline panels being installed is increasing, leading to a corresponding rise in the number of end-of-life monocrystalline panels requiring recycling. Additionally, advancements in recycling technologies have made it more feasible to recover valuable materials from monocrystalline panels efficiently. This includes the extraction of materials such as silicon, aluminum, and glass, which are valuable for reuse in the manufacturing of new panels or other products. The combination of growing market demand for monocrystalline panels and improved recycling capabilities is driving the rapid growth of monocrystalline solar panel recycling making it the fastest growing type segment.

太陽光パネルリサイクル市場 : 2029年までの世界予測 ecosystem

“Early Loss is expected to be the fastest growing shelf life segment for solar panel recycling market during the forecast period, in terms of value.”

Early loss is anticipated to be the fastest-growing shelf life segment in the solar panel recycling market due to several factors. Firstly, as solar technology evolves, older panels are being replaced by more efficient and durable models at a faster rate. This means that the early loss segment, which includes panels that have reached the end of their life prematurely due to various factors such as manufacturing defects or damage, is expected to grow rapidly.
Furthermore, the increasing adoption of solar energy across various industries and regions has led to a surge in the installation of solar panels. As a result, a significant portion of the installed base consists of panels that are relatively new and may experience early loss due to unforeseen circumstances or technical issues. This trend is expected to continue as the solar industry expands, driving the growth of the early loss segment in the solar panel recycling market.
Additionally, heightened awareness of environmental sustainability and the circular economy is prompting stakeholders to address the disposal and recycling of early loss panels more proactively. This emphasis on responsible end-of-life management further contributes to the accelerated growth of the early loss segment in the solar panel recycling market.

“Mechanical is expected to be the fastest growing process segment for solar panel recycling market during the forecast period, in terms of value.”

Mechanical recycling is anticipated to be the fastest-growing process segment in the solar panel recycling market due to several key factors. Firstly, mechanical recycling offers a cost-effective and efficient method for recovering valuable materials from end-of-life solar panels. Unlike chemical or thermal processes, mechanical recycling does not require complex equipment or high energy consumption, making it more accessible and economically viable for recycling facilities.
Additionally, mechanical recycling is inherently less resource-intensive and environmentally friendly compared to other recycling methods. It involves the separation and sorting of materials such as glass, aluminum, and silicon, which can then be reused in the manufacturing of new solar panels or other products.
Furthermore, advancements in mechanical recycling technologies and techniques have improved the efficiency and effectiveness of the process, further driving its adoption and growth in the market. Innovations such as automated sorting systems and robotic dismantling equipment enable recycling facilities to process larger volumes of solar panels more quickly and accurately, thereby meeting the increasing demand for solar panel recycling services.

“Metal is expected to be the fastest growing material segment for solar panel recycling market during the forecast period, in terms of value.”

Metal is expected to be the fastest-growing materials segment in the solar panel recycling market for several reasons. Firstly, solar panels contain significant amounts of valuable metals such as aluminum, copper, and silver, which are essential components of the panels’ structure and electrical conductors. These metals can be efficiently recovered and recycled through various processes, including mechanical, thermal and others.
Secondly, the increasing demand for metals in various industries is driving the need for recycled metals as a sustainable source of raw materials. As a result, there is a growing market for recycled metals from solar panels, contributing to the rapid growth of this segment.
Moreover, the recycling of metals from solar panels helps alleviate the environmental impact of metal extraction and processing from virgin sources. By recycling metals from end-of-life solar panels, companies can reduce energy consumption, greenhouse gas emissions, and the need for landfill space associated with traditional mining and refining processes.

“Based on region, North America was the second largest market for solar panel recycling market in 2023.”

North America emerges as the second-largest market for solar panel recycling after Europe due to several key factors. Firstly, there has been a significant increase in solar panel installations across North America in recent years, driven by government incentives, environmental regulations, and growing awareness of renewable energy benefits. As a result, the region is witnessing a corresponding rise in end-of-life solar panels, creating a substantial demand for recycling services.
Moreover, North America boasts a well-developed waste management infrastructure, including recycling facilities and regulatory frameworks, which support the efficient and environmentally responsible disposal of solar panels. This infrastructure facilitates the collection, transportation, and processing of end-of-life panels, contributing to the growth of the solar panel recycling market in the region.

太陽光パネルリサイクル市場 : 2029年までの世界予測 region
Additionally, increasing environmental consciousness among consumers, businesses, and policymakers in North America is driving the adoption of sustainable practices, including solar panel recycling. With a focus on reducing waste and promoting circular economy principles, there is a growing emphasis on extending the lifespan of solar panels through recycling, further fueling market growth.
The presence of major solar panel recycling players enhances the region’s competitiveness in the global solar panel recycling market.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:

  •  By Company Type: Tier 1 – 35%, Tier 2 -35%, and Tier 3 – 30%
  •  By Designation: C-Level – 30%, Director Level – 10%, and Others – 60%
  •  By Region: North America – 30%, Europe -20%, Asia Pacific – 30%, Middle East & Africa – 10%, and South America- 10%

The key players in this market are First Solar (US), Reiling GmbH & Co.KG (Germany), The Retrofit Companies, Inc. (US), Rinovasol Global Services B. V. (Netherlands), We Recycle Solar (US), ROSI (France), SILCONTEL LTD (Israel), Etavolt Pte. Ltd. (Singapore), PV Industries Pty Ltd (Australia), SOLARCYCLE, Inc. (US), etc.

Research Coverage

This report segments the market for the solar panel recycling market on the basis of type, process, material, shelf life and region. It provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for the solar panel recycling market.

Key benefits of buying this report

This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the solar panel recycling market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

• Analysis of key drivers: The market growth is driven by the increasing value of recycled materials due to market demand along with increasing electronic waste in the landfills and increasing volume of recyclable material.
• Market Penetration: Comprehensive information on the solar panel recycling market offered by top players in the global solar panel recycling market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the solar panel recycling market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for the solar panel recycling market across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global solar panel recycling market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the solar panel recycling market.

Table of Contents

1            INTRODUCTION            33

1.1         STUDY OBJECTIVES      33

1.2         MARKET DEFINITION   33

1.2.1      INCLUSIONS & EXCLUSIONS     34

1.3         MARKET SCOPE             34

FIGURE 1           SOLAR PANEL RECYCLING MARKET SEGMENTATION   34

1.3.1      REGIONS COVERED      35

1.3.2      YEARS CONSIDERED     35

1.4         CURRENCY CONSIDERED          36

1.5         UNITS CONSIDERED     36

1.6         LIMITATIONS   36

1.7         STAKEHOLDERS            36

2            END USERS RESEARCH METHODOLOGY            37

2.1         RESEARCH DATA           37

FIGURE 2           SOLAR PANEL RECYCLING MARKET: RESEARCH DESIGN              37

2.1.1      SECONDARY DATA       38

2.1.1.1   Key data from secondary sources     38

2.1.2      PRIMARY DATA 38

2.1.2.1   Primary data sources          39

2.1.2.2   Key solar panel recycling manufacturers        39

2.1.2.3   Breakdown of interviews with experts            39

2.1.2.4   Key industry insights          40

2.2         BASE NUMBER CALCULATION  40

2.2.1      APPROACH 1: SUPPLY-SIDE ANALYSIS  40

2.2.2      APPROACH 2: DEMAND-SIDE ANALYSIS             40

2.3         FORECAST NUMBER CALCULATION     41

2.3.1      SUPPLY SIDE    41

2.3.2      DEMAND SIDE  41

2.4         MARKET SIZE ESTIMATION       41

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS         41

2.4.1      BOTTOM-UP APPROACH           42

2.4.2      TOP-DOWN APPROACH             42

2.5         DATA TRIANGULATION             43

FIGURE 4           SOLAR PANEL RECYCLING MARKET: DATA TRIANGULATION              43

2.6         ASSUMPTIONS 44

2.7         RECESSION IMPACT      44

2.8         GROWTH FORECAST    45

2.9         RISK ASSESSMENT         45

3            EXECUTIVE SUMMARY 46

FIGURE 5           POLYCRYSTALLINE TYPE SEGMENT TO DOMINATE MARKET BETWEEN 2024 AND 2029           47

FIGURE 6           MECHANICAL PROCESS SEGMENT TO LEAD MARKET BETWEEN 2024 AND 2029           48

FIGURE 7           NORMAL LOSS SHELF LIFE SEGMENT TO LEAD MARKET BETWEEN 2024 AND 2029           48

FIGURE 8           SILICONE MATERIAL SEGMENT TO LEAD MARKET BETWEEN 2024 AND 2029  49

FIGURE 9           EUROPE TO DOMINATE MARKET DURING FORECAST PERIOD              50

4            PREMIUM INSIGHTS      51

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLAR PANEL RECYCLING MARKET    51

FIGURE 10         GROWING DEMAND FROM WASTE MANAGEMENT AND RECYCLING SECTORS TO DRIVE MARKET          51

4.2         SOLAR PANEL RECYCLING MARKET, BY TYPE   52

FIGURE 11         POLYCRYSTALLINE TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD     52

4.3         SOLAR PANEL RECYCLING MARKET, BY COUNTRY        52

FIGURE 12         GERMANY TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       52

5            MARKET OVERVIEW     53

5.1         INTRODUCTION            53

5.2         MARKET DYNAMICS     53

FIGURE 13         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SOLAR PANEL RECYCLING MARKET 54

5.2.1      DRIVERS            54

5.2.1.1   Increasing value of recycled materials            54

5.2.1.2   Need to reduce electronic waste and landfills 55

5.2.1.3   Increasing volume of recyclable material        55

5.2.2      RESTRAINTS     56

5.2.2.1   Technological limitations in material extraction           56

5.2.3      OPPORTUNITIES           56

5.2.3.1   Government initiatives to support solar panel recycling market  56

5.2.4      CHALLENGES   57

5.2.4.1   Complexity in extracting raw materials          57

5.2.4.2   Higher cost of recycling than landfilling         57

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       58

5.3.1      REVENUE SHIFT AND NEW REVENUE POCKETS FOR SOLAR PANEL RECYCLING MANUFACTURERS 58

FIGURE 14         REVENUE SHIFT OF SOLAR PANEL RECYCLING MARKET              59

5.4         VALUE CHAIN ANALYSIS            59

FIGURE 15         OVERVIEW OF SOLAR PANEL RECYCLING MARKET VALUE CHAIN  60

5.4.1      COLLECTION OF END-OF-LIFE SOLAR PANELS 60

5.4.2      MATERIAL RECOVERY AND SEPARATION          60

5.4.3      MANUFACTURING OF RECYCLED MATERIALS  61

5.4.4      END CONSUMERS          61

5.5         INVESTMENT AND FUNDING    61

FIGURE 16         INVESTMENT AND FUNDING SCENARIO: SOLAR PANEL RECYCLING MARKET    61

5.6         PRICING ANALYSIS        62

5.6.1      AVERAGE SELLING PRICE TREND, BY REGION  62

TABLE 1             AVERAGE SELLING PRICE, BY REGION, 2020–2028 (PER PANEL)              62

FIGURE 17         SOLAR PANEL RECYCLING MARKET: AVERAGE SELLING PRICE TREND, BY REGION       62

5.6.2      AVERAGE SELLING PRICE, BY TYPE       62

TABLE 2             AVERAGE SELLING PRICE, BY TYPE, 2020–2028 (PER PANEL)              62

5.6.3      AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP THREE TYPES              63

TABLE 3             AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE, (PER PANEL) 63

FIGURE 18         AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP THREE TYPES  63

5.7         ECOSYSTEM/MARKET MAP       63

TABLE 4             SOLAR PANEL RECYCLING MARKET: ECOSYSTEM          64

5.8         TECHNOLOGY ANALYSIS           65

TABLE 5             TECHNOLOGIES OFFERED IN SOLAR PANEL RECYCLING MARKET            65

5.9         PATENT ANALYSIS        65

5.9.1      METHODOLOGY           66

5.9.2      PATENTS GRANTED WORLDWIDE, 2014–2023    66

TABLE 6             SOLAR PANEL RECYCLING MARKET: TOTAL NUMBER OF PATENTS           66

5.9.3      PATENT PUBLICATION TRENDS            66

FIGURE 19         NUMBER OF PATENTS GRANTED (2014−2023)  66

5.9.4      INSIGHTS          67

5.9.5      LEGAL STATUS OF PATENTS    67

FIGURE 20         SOLAR PANEL RECYCLING MARKET: LEGAL STATUS OF PATENTS           67

5.9.6      JURISDICTION ANALYSIS           67

FIGURE 21         PATENTS ANALYSIS FOR SOLAR PANEL RECYCLE, BY JURISDICTION, 2014−2023         67

5.9.7      TOP COMPANIES/APPLICANTS 68

FIGURE 22         TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS IN LAST 10 YEARS 68

TABLE 7             LIST OF MAJOR PATENT OWNERS FOR SOLAR PANEL RECYCLING      68

5.9.8      LIST OF MAJOR PATENTS          69

TABLE 8             MAJOR PATENTS FOR SOLAR PANEL RECYCLING           69

5.10       TRADE ANALYSIS          71

5.10.1    IMPORT SCENARIO       71

FIGURE 23         IMPORTS OF SOLAR PANEL RECYCLE, BY COUNTRY, 2020–2023 (USD THOUSAND)        72

5.10.2    EXPORT SCENARIO       72

FIGURE 24         EXPORTS OF SOLAR PANEL RECYCLE, BY COUNTRY, 2020–2023 (USD THOUSAND)        72

5.11       KEY CONFERENCES & EVENTS, 2024–2025           73

TABLE 9             SOLAR PANEL RECYCLING MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025     73

5.12       REGULATORY LANDSCAPE       73

5.12.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          73

TABLE 10           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         74

TABLE 11           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         75

TABLE 12           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         76

TABLE 13           MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         77

TABLE 14           SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         78

5.12.2    REGULATIONS RELATED TO SOLAR PANEL RECYCLING MARKET              79

TABLE 15           LIST OF REGULATIONS FOR SOLAR PANEL RECYCLING MARKET            79

5.13       PORTER’S FIVE FORCES ANALYSIS         80

TABLE 16           SOLAR PANEL RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS          80

FIGURE 25         PORTER’S FIVE FORCES ANALYSIS: SOLAR PANEL RECYCLING MARKET            80

5.13.1    THREAT OF SUBSTITUTES         81

5.13.2    THREAT OF NEW ENTRANTS    81

5.13.3    BARGAINING POWER OF SUPPLIERS     81

5.13.4    BARGAINING POWER OF BUYERS           81

5.13.5    INTENSITY OF COMPETITIVE RIVALRY 82

5.14       KEY STAKEHOLDERS AND BUYING CRITERIA    82

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         82

FIGURE 26         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PROCESSES             82

TABLE 17           INFLUENCE OF INSTITUTIONAL BUYERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS            82

5.14.2    BUYING CRITERIA         83

FIGURE 27         KEY BUYING CRITERIA FOR APPLICATIONS      83

TABLE 18           KEY BUYING CRITERIA FOR APPLICATIONS      83

5.15       MACROECONOMIC INDICATORS           83

5.15.1    GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES 83

TABLE 19           GDP TRENDS AND FORECASTS, BY KEY COUNTRY, 2020–2029 (USD MILLION) 83

5.16       CASE STUDIES  84

5.16.1    RECYCLING END-OF-LIFE SOLAR PHOTOVOLTAIC (PV) PANELS: CHALLENGES, OPPORTUNITIES, AND CURRENT STATE OF RECYCLING TECHNOLOGIES            84

5.16.2    DOE’S ACTION PLAN FOR SAFE AND RESPONSIBLE HANDLING OF PHOTOVOLTAIC END-OF-LIFE MATERIALS TO SUPPORT SOLAR ENERGY DEPLOYMENT AND DECARBONIZATION           85

6            SOLAR PANEL RECYCLING MARKET, BY PROCESS          86

6.1         INTRODUCTION            87

FIGURE 28         MECHANICAL PROCESS TO LEAD MARKET DURING FORECAST PERIOD              87

TABLE 20           SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION) 87

TABLE 21           SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION) 88

6.2         THERMAL         88

6.2.1      NEED TO MINIMIZE ENVIRONMENTAL IMPACT TO DRIVE MARKET              88

6.3         CHEMICAL        88

6.3.1      ABILITY TO REMOVE IMPURITIES AND CONTAMINANTS TO DRIVE MARKET            88

6.4         MECHANICAL   89

6.4.1      WIDELY USED AND COST-EFFECTIVE NATURE TO DRIVE MARKET              89

6.5         LASER  89

6.5.1      HIGH-PURITY RECOVERY OF VALUABLE RESOURCES TO DRIVE MARKET            89

6.6         COMBINATION 90

6.6.1      INTEGRATION OF MULTIPLE RECYCLING TECHNIQUES TO DRIVE MARKET            90

6.7         OTHER PROCESSES       90

7            SOLAR PANEL RECYCLING MARKET, BY MATERIAL       91

7.1         INTRODUCTION            92

FIGURE 29         METAL TO LEAD MARKET DURING FORECAST PERIOD 92

TABLE 22           SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION) 92

TABLE 23           SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION) 93

7.2         SILICON             93

7.2.1      NEED FOR EFFICIENCY IN ENERGY CONVERSION TO DRIVE MARKET              93

7.3         METAL 93

7.3.1      REDUCTION IN DEMAND FOR VIRGIN MATERIALS TO DRIVE MATERIAL        93

7.4         ALUMINUM       94

7.4.1      WIDESPREAD USE IN PANEL CONSTRUCTION TO DRIVE MARKET              94

7.5         PLASTIC            94

7.5.1      ADVANCEMENTS IN RECYCLING TECHNOLOGIES TO DRIVE MARKET              94

7.6         GLASS  95

7.6.1      REGULATORY SUPPORT AND CONSUMER AWARENESS TO DRIVE MARKET            95

7.7         OTHER MATERIALS      95

7.7.1      LEAD    95

7.7.2      CADMIUM AND TELLURIUM     95

7.7.3      INDIUM AND GALLIUM 96

8            SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE      97

8.1         INTRODUCTION            98

FIGURE 30         EARLY LOSS TO LEAD MARKET DURING FORECAST PERIOD              98

TABLE 24           SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION) 98

TABLE 25           SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION) 98

8.2         EARLY LOSS      99

8.2.1      ENHANCED MATERIALS, IMPROVED MANUFACTURING PROCESSES, AND ADVANCED QUALITY CONTROL TO DRIVE MARKET         99

8.3         NORMAL LOSS 99

8.3.1      CHEMICAL DEGRADATION AND LACK OF MAINTENANCE TO DRIVE MARKET            99

9            SOLAR PANEL RECYCLING MARKET, BY TYPE   101

9.1         INTRODUCTION            102

FIGURE 31         POLYCRYSTALLINE TO LEAD MARKET DURING FORECAST PERIOD, 2023    102

TABLE 26           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)          102

TABLE 27           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)          103

TABLE 28           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS)       103

TABLE 29           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS)       103

9.2         POLYCRYSTALLINE       104

9.2.1      ENVIRONMENTALLY AND ECONOMICALLY EFFICIENT OPTIONS TO DRIVE MARKET 104

9.3         MONOCRYSTALLINE    105

9.3.1      INITIATIVES FOR RECOVERY OF VALUABLE MATERIALS TO DRIVE MARKET            105

9.4         THIN FILM        105

9.4.1      STREAMLINED PROCESS AND SIMPLICITY & EASE OF RECYCLING TO DRIVE MARKET 105

9.5         OTHER TYPES  106

9.5.1      PEROVSKITE SOLAR CELLS       106

9.5.2      ORGANIC PHOTOVOLTAICS     106

9.5.3      DYE-SENSITIZED SOLAR CELLS 106

9.5.4      CONCENTRATOR PHOTOVOLTAICS (CPVS)      106

9.5.5      BIFACIAL SOLAR PANELS           106

9.5.6      CADMIUM TELLURIDE (CDTE) AND COPPER INDIUM GALLIUM SELENIDE (CIGS)           106

9.5.7      QUANTUM DOT SOLAR CELLS 106

10          SOLAR PANEL RECYCLING MARKET, BY REGION            107

10.1       INTRODUCTION            108

FIGURE 32         EUROPE TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       108

TABLE 30           SOLAR PANEL RECYCLING MARKET, BY REGION, 2020–2023 (USD MILLION) 108

TABLE 31           SOLAR PANEL RECYCLING MARKET, BY REGION, 2024–2029 (USD MILLION) 109

TABLE 32           SOLAR PANEL RECYCLING MARKET, BY REGION, 2020–2023 (MILLION PANELS)       109

TABLE 33           SOLAR PANEL RECYCLING MARKET, BY REGION, 2024–2029 (MILLION PANELS)       109

TABLE 34           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)          110

TABLE 35           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)          110

TABLE 36           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS)       110

TABLE 37           SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS)       110

TABLE 38           SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION) 111

TABLE 39           SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION) 111

TABLE 40           SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION) 111

TABLE 41           SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION) 111

TABLE 42           SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION) 112

TABLE 43           SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION) 112

10.2       ASIA PACIFIC    113

10.2.1    RECESSION IMPACT      113

FIGURE 33         ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET SNAPSHOT              114

TABLE 44           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    115

TABLE 45           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    115

TABLE 46           ASIA PACIFIC SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (MILLION PANELS)           115

TABLE 47           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (MILLION PANELS)           116

TABLE 48           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)          116

TABLE 49           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)          116

TABLE 50           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS)   117

TABLE 51           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS)   117

TABLE 52           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION) 117

TABLE 53           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION) 117

TABLE 54           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION)      118

TABLE 55           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION)      118

TABLE 56           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   118

TABLE 57           ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   119

10.2.1.1 China     119

10.2.1.1.1            Heavy capital investment to drive market       119

TABLE 58           CHINA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          120

TABLE 59           CHINA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          120

10.2.1.2 Japan     120

10.2.1.2.1            Strong manufacturing sector and government incentives to drive market              120

TABLE 60           JAPAN: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          121

TABLE 61           JAPAN: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          121

10.2.1.3 South Korea        121

10.2.1.3.1            Waste management initiatives to drive market             121

TABLE 62           SOUTH KOREA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   122

TABLE 63           SOUTH KOREA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   122

10.2.1.4 India      122

10.2.1.4.1            Government investment and policies to drive market   122

TABLE 64           INDIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          123

TABLE 65           INDIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          123

10.2.1.5 Australia 123

10.2.1.5.1            Waste management practices to drive market 123

TABLE 66           AUSTRALIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   124

TABLE 67           AUSTRALIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   124

10.2.1.6 Rest of Asia Pacific            124

TABLE 68           REST OF ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   124

TABLE 69           REST OF ASIA PACIFIC: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   125

10.3       NORTH AMERICA          125

10.3.1    RECESSION IMPACT      125

FIGURE 34         NORTH AMERICA: SOLAR PANEL RECYCLING MARKET SNAPSHOT        126

TABLE 70           NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    126

TABLE 71           NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    127

TABLE 72           NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (MILLION PANELS)           127

TABLE 73           NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (MILLION PANELS)           127

TABLE 74           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)             127

TABLE 75           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)             128

TABLE 76           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS)      128

TABLE 77           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS)      128

TABLE 78           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION)  128

TABLE 79           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION)  129

TABLE 80           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION)      129

TABLE 81           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION)      129

TABLE 82           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   130

TABLE 83           NORTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   130

10.3.1.1 US         130

10.3.1.1.1            Increasing investment in sustainability and green projects to drive market              130

TABLE 84           US: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)     131

TABLE 85           US: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)     131

10.3.1.2 Canada  131

10.3.1.2.1            Increasing need to manage the associated waste to drive market 131

TABLE 86           CANADA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          132

TABLE 87           CANADA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          132

10.3.1.3 Mexico  132

10.3.1.3.1            Increasing demand from residential and commercial sectors to drive market   132

TABLE 88           MEXICO: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          133

TABLE 89           MEXICO: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          133

10.4       EUROPE             133

FIGURE 35         EUROPE: SOLAR PANEL RECYCLING MARKET SNAPSHOT              134

10.4.1    RECESSION IMPACT      135

TABLE 90           EUROPE SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          135

TABLE 91           EUROPE SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          136

TABLE 92           EUROPE SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (MILLION PANELS)   136

TABLE 93           EUROPE SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (MILLION PANELS)   136

TABLE 94           EUROPE SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)     137

TABLE 95           EUROPE SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)     137

TABLE 96           EUROPE SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS)             137

TABLE 97           EUROPE SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS)             137

TABLE 98           EUROPE SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION)          138

TABLE 99           EUROPE SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION)          138

TABLE 100         EUROPE SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION)          138

TABLE 101         EUROPE SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION)          138

TABLE 102         EUROPE SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          139

TABLE 103         EUROPE SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          139

10.4.1.1 Germany             139

10.4.1.1.1            Increased solar waste to drive market             139

TABLE 104         GERMANY: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          140

TABLE 105         GERMANY: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          140

10.4.1.2 Italy       141

10.4.1.2.1            Stringent policies implemented by government for recycling to drive market   141

TABLE 106         ITALY: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          141

TABLE 107         ITALY: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          141

10.4.1.3 France   142

10.4.1.3.1            Increasing waste and investments in new recycling facilities and stringent recycling laws to drive market          142

TABLE 108         FRANCE: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          142

TABLE 109         FRANCE: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          143

10.4.1.4 UK         143

10.4.1.4.1            Growing need for recycling sector to expand its capabilities to drive market   143

TABLE 110         UK: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)     143

TABLE 111         UK: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)     144

10.4.1.5 Spain     144

10.4.1.5.1            Investments by government and private organizations to drive market              144

TABLE 112         SPAIN: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          145

TABLE 113         SPAIN: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          145

10.4.1.6 Russia    145

10.4.1.6.1            Increasing deployment of solar panels and growing environment consciousness to drive market          145

TABLE 114         RUSSIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          146

TABLE 115         RUSSIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          146

10.4.1.7 Rest of Europe     146

TABLE 116         REST OF EUROPE: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   147

TABLE 117         REST OF EUROPE: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   147

10.5       MIDDLE EAST & AFRICA             147

10.5.1    RECESSION IMPACT      148

TABLE 118         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)            148

TABLE 119         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            148

TABLE 120         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (MILLION PANELS)      149

TABLE 121         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (MILLION PANELS)      149

TABLE 122         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)       149

TABLE 123         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)       150

TABLE 124         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS) 150

TABLE 125         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS) 150

TABLE 126         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION)          150

TABLE 127         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION)          151

TABLE 128         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION) 151

TABLE 129         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION) 151

TABLE 130         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)           152

TABLE 131         MIDDLE EAST & AFRICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)           152

10.5.1.1 UAE      152

10.5.1.1.1            Need for responsible disposal of end-of-life to drive market       152

TABLE 132         UAE: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)     153

TABLE 133         UAE: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)     153

10.5.1.2 Saudi Arabia        154

10.5.1.2.1            Expansion of non-oil sector to drive market   154

TABLE 134         SAUDI ARABIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   154

TABLE 135         SAUDI ARABIA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   154

10.5.1.3 South Africa        155

10.5.1.3.1            Heightened awareness of electronic waste concerns to drive market              155

TABLE 136         SOUTH AFRICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   155

TABLE 137         SOUTH AFRICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   155

10.5.1.4 Rest of GCC countries       156

TABLE 138        REST OF GCC COUNTRIES: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)           156

TABLE 139        REST OF GCC COUNTRIES: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)           156

10.5.1.5 Rest of Middle East & Africa            157

TABLE 140         REST OF MIDDLE EAST AND AFRICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION) 157

TABLE 141         REST OF MIDDLE EAST AND AFRICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION) 157

10.6       SOUTH AMERICA           158

10.6.1    RECESSION IMPACT      158

TABLE 142         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    158

TABLE 143         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    159

TABLE 144         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2020–2023(MILLION PANELS)            159

TABLE 145         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY COUNTRY, 2024–2029(MILLION PANELS)            159

TABLE 146         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (USD MILLION)             159

TABLE 147         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (USD MILLION)             160

TABLE 148         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2020–2023 (MILLION PANELS)      160

TABLE 149         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY TYPE, 2024–2029 (MILLION PANELS)      160

TABLE 150         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2020–2023 (USD MILLION)  160

TABLE 151         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024–2029 (USD MILLION)  161

TABLE 152         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2020–2023 (USD MILLION)      161

TABLE 153         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024–2029 (USD MILLION)      161

TABLE 154         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   162

TABLE 155         SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   162

10.6.1.1 Brazil     162

10.6.1.1.1            Emergence of innovative technologies and growing focus on recycling to drive market        162

TABLE 156         BRAZIL: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)          163

TABLE 157         BRAZIL: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)          163

10.6.1.2 Argentina            163

10.6.1.2.1            Increasing awareness and incentives to drive market    163

TABLE 158         ARGENTINA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)   164

TABLE 159         ARGENTINA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)   164

10.6.1.3 Rest of South America       165

TABLE 160         REST OF SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2020–2023 (USD MILLION)        165

TABLE 161         REST OF SOUTH AMERICA: SOLAR PANEL RECYCLING MARKET, BY MATERIAL, 2024–2029 (USD MILLION)        165

11          COMPETITIVE LANDSCAPE       166

11.1       INTRODUCTION            166

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          166

TABLE 162         OVERVIEW OF STRATEGIES ADOPTED BY SOLAR PANEL RECYCLING MANUFACTURERS 166

11.3       MARKET SHARE ANALYSIS         167

11.3.1    RANKING OF KEY MARKET PLAYERS, 2023          167

FIGURE 36         RANKING OF TOP FIVE PLAYERS IN SOLAR PANEL RECYCLING MARKET, 2023  167

11.3.2    MARKET SHARE OF KEY PLAYERS          168

TABLE 163         SOLAR PANEL RECYCLING MARKET: DEGREE OF COMPETITION 168

FIGURE 37        SHARE OF KEY PLAYERS IN SOLAR PANEL RECYCLING MARKET, 2023      168

11.4       REVENUE ANALYSIS      170

FIGURE 38         REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024            170

11.5       BRAND/PRODUCT COMPARISON          171

FIGURE 39         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TYPE 171

11.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   171

11.6.1    STARS  171

11.6.2    EMERGING LEADERS    171

11.6.3    PERVASIVE PLAYERS     172

11.6.4    PARTICIPANTS 172

FIGURE 40         SOLAR PANEL RECYCLING MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023      172

11.6.5    COMPANY FOOTPRINT 173

FIGURE 41         SOLAR PANEL RECYCLING MARKET: COMPANY OVERALL FOOTPRINT      173

11.6.5.1 Type Footprint    174

TABLE 164         TYPE FOOTPRINT (10 COMPANIES)       174

11.6.5.2 Process footprint 174

TABLE 165         PROCESS FOOTPRINT (10 COMPANIES) 174

11.6.5.3 Material footprint 175

TABLE 166         MATERIAL FOOTPRINT (10 COMPANIES)           175

11.6.5.4 Region footprint  175

TABLE 167         REGION FOOTPRINT (10 COMPANIES) 175

11.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          176

11.7.1    PROGRESSIVE COMPANIES       176

11.7.2    RESPONSIVE COMPANIES          176

11.7.3    DYNAMIC COMPANIES 176

11.7.4    STARTING BLOCKS       176

FIGURE 42         SOLAR PANEL RECYCLING MARKET: COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023 177

11.7.5    COMPETITIVE BENCHMARKING            178

TABLE 168         SOLAR PANEL RECYCLING MARKET: DETAILED LIST OF KEY STARTUPS/SMES           178

11.7.5.1 Competitive benchmarking of key startups/SMEs        179

TABLE 169         COMPANY TYPE FOOTPRINT ANALYSIS OF STARTUPS/SMES              179

TABLE 170         COMPANY PROCESS FOOTPRINT ANALYSIS OF STARTUPS/SMES           179

TABLE 171         COMPANY MATERIAL FOOTPRINT ANALYSIS OF STARTUPS/SMES           180

TABLE 172         COMPANY REGION FOOTPRINT ANALYSIS OF STARTUPS/SMES           181

11.7.6    VALUATION AND FINANCIAL METRICS OF SOLAR PANEL RECYCLING VENDORS          181

FIGURE 43         EV/EBITDA OF KEY VENDORS   181

FIGURE 44         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 182

11.8       COMPETITIVE SCENARIO AND TRENDS             182

11.8.1    PRODUCT LAUNCHES  182

TABLE 173         SOLAR PANEL RECYCLING MARKET: PRODUCT LAUNCHES, JANUARY 2020−MARCH 2024     182

11.8.2    DEALS  183

TABLE 174         SOLAR PANEL RECYCLING MARKET: DEALS, JANUARY 2020−MARCH 2024        183

11.8.3    EXPANSIONS    188

TABLE 175         SOLAR PANEL RECYCLING MARKET: EXPANSIONS, JANUARY 2020−MARCH 2024        188

11.8.4    OTHER DEVELOPMENTS           189

TABLE 176         SOLAR PANEL RECYCLING MARKET: OTHER DEVELOPMENTS, JANUARY 2020−MARCH 2024     189

12          COMPANY PROFILES    191

(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats) *

12.1       KEY PLAYERS   191

12.1.1    FIRST SOLAR    191

TABLE 177         FIRST SOLAR: COMPANY OVERVIEW     191

FIGURE 45         FIRST SOLAR: COMPANY SNAPSHOT     192

TABLE 178         FIRST SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED              192

TABLE 179         FIRST SOLAR: DEALS, JANUARY 2021-DECEMBER 2023   193

TABLE 180         FIRST SOLAR OTHERS, JANUARY 2021-JANUARY 2024     194

12.1.2    REILING GMBH & CO. KG           195

TABLE 181         REILING GMBH & CO. KG: COMPANY OVERVIEW            195

TABLE 182         REILING GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED          195

TABLE 183         REILING GMBH & CO. KG: PRODUCT LAUNCHES, JANUARY 2021–DECEMBER 2023   196

TABLE 184         REILING GMBH & CO. KG: DEALS, JANUARY 2021–DECEMBER 2023      196

TABLE 185         REILING GMBH & CO. KG: EXPANSIONS, JANUARY 2021–DECEMBER 2023            197

12.1.3    THE RETROFIT COMPANIES, INC.          198

TABLE 186         THE RETROFIT COMPANIES, INC.: COMPANY OVERVIEW              198

TABLE 187         THE RETROFIT COMPANIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   198

12.1.4    RINOVASOL GLOBAL SERVICES B. V.     200

TABLE 188         RINOVASOL GLOBAL SERVICES B. V.: COMPANY OVERVIEW              200

TABLE 189         RINOVASOL GLOBAL SERVICES B. V.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      200

TABLE 190         RINOVASOL GLOBAL SERVICES B. V.: DEALS,

JANUARY 2021-DECEMBER 2023 201

TABLE 191         RINOVASOL GLOBAL SERVICES B. V.: EXPANSIONS,

JANUARY 2021–DECEMBER 2023 201

12.1.5    ROSI     203

TABLE 192         ROSI: COMPANY OVERVIEW      203

TABLE 193         ROSI: PRODUCTS/SOLUTIONS/SERVICES OFFERED       203

TABLE 194         ROSI: DEALS, JANUARY 2021–JANUARY 2024       203

TABLE 195         ROSI: OTHERS, JANUARY 2021–MARCH 2024       205

TABLE 196         ROSI: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2024              205

12.1.6    WE RECYCLE SOLAR     207

TABLE 197         WE RECYCLE SOLAR: COMPANY OVERVIEW      207

TABLE 198         WE RECYCLE SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED          207

TABLE 199         WE RECYCLE SOLAR: DEALS, JANUARY 2021–MARCH 2024              208

TABLE 200         WE RECYCLE SOLAR: EXPANSIONS, JANUARY 2021–DECEMBER 2023      208

12.1.7    SILCONTEL LTD            210

TABLE 201         SILCONTEL LTD: COMPANY OVERVIEW             210

TABLE 202         SILCONTEL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          210

12.1.8    ETAVOLT PTE. LTD.     212

TABLE 203         ETAVOLT PTE. LTD.: COMPANY OVERVIEW      212

TABLE 204         ETAVOLT PTE. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          212

TABLE 205         ETAVOLT PTE. LTD.: OTHER DEVELOPMENTS, JANUARY 2021–DECEMBER 2023            213

12.1.9    PV INDUSTRIES 214

TABLE 206         PV INDUSTRIES: COMPANY OVERVIEW 214

TABLE 207         PV INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED              214

TABLE 208         PV INDUSTRIES: DEALS, JANUARY 2021–DECEMBER 2023              215

TABLE 209         PV INDUSTRIES: OTHER DEVELOPMENTS, JANUARY 2021–DECEMBER 2023            215

12.1.10  SOLARCYCLE, INC.        217

TABLE 210         SOLARCYCLE, INC.: COMPANY OVERVIEW         217

TABLE 211         SOLARCYCLE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          217

TABLE 212         SOLARCYCLE, INC.: DEALS, JANUARY 2021–MARCH 2024              217

TABLE 213         SOLARCYCLE, INC.: EXPANSIONS, JANUARY 2021–FEBRUARY 2024      219

TABLE 214         SOLARCYCLE, INC.: OTHER DEVELOPMENTS, JANUARY 2021–DECEMBER 2023            219

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.

12.2       OTHER PLAYERS           221

12.2.1    VEOLIA 221

TABLE 215         VEOLIA: COMPANY OVERVIEW 221

12.2.2    CLEANLITES RECYCLING           222

TABLE 216         CLEANLITES RECYCLING: COMPANY OVERVIEW            222

12.2.3    AERISOUL METAL & ENERGY CORPORATION   223

TABLE 217         AERISOUL METAL & ENERGY CORPORATION: COMPANY OVERVIEW        223

12.2.4    ENVARIS GMBH              224

TABLE 218         ENVARIS GMBH: COMPANY OVERVIEW 224

12.2.5    ELECSOME        225

TABLE 219         ELECSOME: COMPANY OVERVIEW        225

12.2.6    FABTECH          226

TABLE 220         FABTECH: COMPANY OVERVIEW           226

12.2.7    H&H PRO LIMITED        227

TABLE 221         H&H PRO LIMITED: COMPANY OVERVIEW        227

12.2.8    INTERCO TRADING, INC.           228

TABLE 222         INTERCO TRADING INC.: COMPANY OVERVIEW             228

12.2.9    SOLUCCIONA ENERGÍA 229

TABLE 223         SOLUCCIONA ENERGÍA: COMPANY OVERVIEW 229

12.2.10  RECYCLE SOLAR            230

TABLE 224         RECYCLE SOLAR: COMPANY OVERVIEW             230

12.2.11  IMMARK AG      231

TABLE 225         IMMARK AG: COMPANY OVERVIEW       231

12.2.12  COMMERCIAL SOLAR PANEL RECYCLING          232

TABLE 226         COMMERCIAL SOLAR PANEL RECYCLING: COMPANY OVERVIEW        232

12.2.13  RECYCLE1234.COM       233

TABLE 227         RECYCLE1234.COM: COMPANY OVERVIEW        233

12.2.14  SUNR    234

TABLE 228         SUNR: COMPANY OVERVIEW    234

12.2.15  YOUSOLAR SRL 235

TABLE 229         YOUSOLAR SRL: COMPANY OVERVIEW 235

13          APPENDIX         236

13.1       DISCUSSION GUIDE      236

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             239

13.3       CUSTOMIZATION OPTIONS      241

13.4       RELATED REPORTS       241

13.5       AUTHOR DETAILS         242