Europe Solar Panel Recycling Market Introduction and Overview
According to SPER Market Research, the Europe Solar Panel Recycling Market is estimated to reach USD 395.35 Million by 2033 with a CAGR of 19.81%.
The report includes an in-depth analysis of the Europe Solar Panel Recycling Market, including market size and trends, product mix, applications, and supplier analysis. After their useful lives are finished, photovoltaic (PV) panels are gathered and recycled to recover valuable materials and reduce waste. Solar panel recycling is the term used to describe this procedure most often. As solar energy becomes more and more popular, the issue of what to do with old or damaged solar panels becomes more pressing. The recycling of solar panels involves a number of steps. The panels are first collected and transported to a recycling center. After the panels are taken off, the glass, aluminum, and silicon components are separated and sent to the proper recycling processes. Moreover, the metals and other components, such as copper and silver, present in the panels, can be extracted and used again.
- February 2022: The commercial technique created by Rosi Solar was said to be able to extract high-purity copper, silver, and silicon from abandoned photovoltaic modules in February 2022. The pyrolysis process used by the company to extract different metals from cells is the foundation of its technology.
- February 2022: German researchers reported in February 2022 to have recycled silicon from outdated solar panels to be used in new ones. In order to tackle the impending mountain of solar energy waste, this is a smart place to start.
Market Opportunities and Challenges
Opportunities: Solar power installations have increased rapidly in Europe as nations look to shift away from fossil fuels and toward clean, renewable energy sources. Due to this adoption, there is a growing need for effective recycling solutions due to the rise in the quantity of solar panels that are being retired. Governments all around Europe are aggressively encouraging the use of renewable energy, including solar power, through a variety of incentives and assistance programs. As part of these activities, governments promote the appropriate disposal and recycling of solar panels, so fostering an atmosphere that fosters the growth of the recycling business.
Challenges: A major obstacle to the market's expansion is the high cost of recycling solar panels, which is caused by a number of issues. End-of-life solar panels can be expensive to collect and transport, especially if they are in hard-to-reach places or are isolated. Furthermore, processing solar panels involves certain tools and procedures that can be costly to set up and maintain in order to extract and recover valuable elements from the panels. When compared to other forms of electronic waste, the quantity of end-of-life solar panels is very small, suggesting that the market for recycled components may not be strong enough to support the high cost of recycling.
Market Competitive Landscape
Important groups and companies operating in the European solar panel recycling market are listed, along with a comparative study based on factors such as product offerings, business summaries, geographic reach, enterprise strategies, market share in specific segments, and SWOT analysis. A detailed analysis of the firms' recent events and developments including product development, inventions, partnerships, joint ventures, mergers and acquisitions, strategic alliances, and other activities is also included in the report. Key players are Experia Solution, First Solar Inc., JA Solar Co., Reiling Group GmbH & Co. KG, Rosi Solar, Renesola, Sunpower Corporation, Trina Solar Co., Univergy Intenational.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Process
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| Regions covered | Germany, France, Italy, Spain, UK, Netherland, Rest of Europe
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| Companies Covered | Experia Solution, First Solar Inc., JA Solar Co., Reiling Group GmbH & Co. KG, Rosi Solar, Renesola, Sunpower Corporation, Trina Solar Co., Univergy Intenational.
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COVID-19 Impact on Europe Solar Panel Recycling Market
Like many other industries worldwide, the solar panel recycling sector in Europe was impacted by the COVID-19 pandemic. The pandemic impacted demand for solar panels, which in turn impacted the amount of end-of-life panels available for recycling. It also caused disruptions in worldwide supply chains. The pandemic's primary effects include a halt in the installation of new solar panels. New solar installations have been delayed as a result of lockdowns, travel restrictions, and social distancing tactics that have made it difficult for solar panel installers to work. There may be fewer end-of-life panels available for recycling than anticipated as a result of the slowdown in new installations and the replacement of older panels.
Key Target Audience:
- Solar Panel Manufacturers
- Waste Management Companies
- Government Agencies and Regulators
- Environmental NGOs and Advocacy Groups
- Investors and Financial Institutions
- Research Institutions and Academia
- Energy Companies and Utilities
- Consulting Firms
- Trade Associations and Industry Groups
- End Users and Consumers
Our in-depth analysis of the Europe Solar Panel Recycling Market includes the following segments:
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By Type: |
Monocrystalline
Polycrystalline
Thin-Film
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By Process: |
Thermal
Mechanical
Laser
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By Region: |
Germany
France
Italy
Spain
UK
Netherlands
Rest of Europe
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Key Topics Covered in the Report:
- Europe Solar Panel Recycling Market Size (FY’2024-FY’2033)
- Overview of Europe Solar Panel Recycling Market
- Segmentation of Europe Solar Panel Recycling Market By Type (Monocrystalline, Polycrystalline, Thin-Film)
- Segmentation of Europe Solar Panel Recycling Market By Process (Thermal, Mechanical, Laser)
- Statistical Snap of Europe Solar Panel Recycling Market
- Expansion Analysis of Europe Solar Panel Recycling Market
- Problems and Obstacles in Europe Solar Panel Recycling Market
- Competitive Landscape in the Europe Solar Panel Recycling Market
- Impact of COVID-19 and Demonetization on Europe Solar Panel Recycling Market
- Details on Current Investment in Europe Solar Panel Recycling Market
- Competitive Analysis of Europe Solar Panel Recycling Market
- Prominent Players in the Europe Solar Panel Recycling Market
- SWOT Analysis of Europe Solar Panel Recycling Market