United States Solar Panel Recycling Market Introduction and Overview
According to SPER Market Research, the United States Solar Panel Recycling Market is estimated to reach USD 130.84 million by 2033 with a CAGR 13.23%.
The report includes an in-depth analysis of the United States Solar Panel Recycling Market, including market size and trends, product mix, distribution channels, and supplier analysis. Hazardous materials included in solar panels include silicon, silver, aluminum, copper, gallium, lead, and cadmium. The demand for recycling to lower waste creation has been exacerbated by their growing installation across the globe. Decommissioning, gathering, and sorting are just a few of the tasks involved in recycling solar panels. It reduces the greenhouse gas emissions from photovoltaic (PV) modules and stops dangerous materials from escaping from waste streams. At the moment, a number of producers are refining recovered materials for use in glass foam or new panels.
- Recycling Photovoltaics To encourage the recycling of solar panels, Solar and the Solar Industry Association of Colorado (COSEIA) and Arizona reached an agreement. The association promotes recycling of solar panel trash among its members.
Market Opportunities and Challenges
Opportunities: Due to the growing use of renewable energy sources and the corresponding rise in solar panel sales globally, landfills are receiving an enormous volume of waste each year. This is one of the main reasons that the need for solar panel recycling techniques to reduce dangers to human health and guarantee end-of-life (EoL) management exists. It also contributes to employment creation and lowers the overall cost of new panels. As the country focuses on building infrastructure for renewable energy, the number of solar power plants installed in the US has significantly increased. As a result of states highlighting the legislation pertaining to the recycling of solar panel trash, it is anticipated that more panels will be recycled, which would likely accelerate the market's growth in the US.
It is essential to recycle these old solar panels in order to keep solar energy sustainable. Early adopters of solar energy, the United States had 62.98 GW of installed solar capacity by the end of 2019, because to falling costs and an increasing focus on sustainable energy.
Challenges:
High cost of recycling procedure: It takes specialized equipment, which can be costly to operate, to separate the materials from solar panels that include glass, metals, and other rare elements. In addition, hiring skilled workers is expensive when it comes to the recycling process.Solar cells don't emit any air pollution and only use clean energy, however during the production process, some hazardous materials are employed, which has an impact on the environment. Furthermore, hazardous byproducts from solar cells' life cycle must be recycled.
Market Competitive Landscape
The Solar Panel Recycling market in United States is moderately consolidated. Some of the market key players are Aurubis AG, Canadian Solar Inc, ECS Refining, Envela Corporation, First Solar, Inc, Hanwha Group, JA Solar Co Ltd, Sharp Corporation, Silrec Corporation, Trina Solar, Yingli Energy Co.
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 Process, By Type
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| Regions covered | East, West, South, North
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| Companies Covered | Aurubis AG, Canadian Solar Inc, ECS Refining, Envela Corporation, First Solar, Inc, Hanwha Group, JA Solar Co Ltd, Sharp Corporation, Silrec Corporation, Trina Solar, Yingli Energy Co.
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COVID-19 Impact on United States Solar Panel Recycling Market
The COVID-19 pandemic had a substantial effect on the US market for recycled solar panels, leading to changes and difficulties in the sector. Supply chain interruptions, production halts, and project delays were among the main consequences of the worldwide implementation of lockdown measures. The manufacturing of new solar panels as well as the procedures for recycling solar panels that have reached the end of their useful lives were impacted by these disturbances. Furthermore, the demand for recycling services was impacted by changes in investment patterns in the renewable energy sectors brought about by economic concerns and decreased consumer spending during the epidemic.
Key Target Audience:
- Solar Panel Manufacturers
- Recycling Facilities and Service Providers
- Government and Regulatory Bodies
- Environmental Agencies and NGOs
- Research Institutions and Academia
Our in-depth analysis of the United States Solar Panel Recycling Market includes the following segments:
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By Process:
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Thermal
Mechanical
Laser
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By Type:
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Crystalline Silicon
Thin Film
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Key Topics Covered in the Report:
- United States Solar Panel Recycling Market Size (FY’2024-FY’2033)
- Overview of United States Solar Panel Recycling Market
- Segmentation of United States Solar Panel Recycling Market By Process (Thermal, Mechanical, Laser)
- Segmentation of United States Solar Panel Recycling Market By Type (Crystalline Silicon, Thin Film)
- Expansion Analysis of United States Solar Panel Recycling Market
- Problems and Obstacles in United States Solar Panel Recycling Market
- Competitive Landscape in the United States Solar Panel Recycling Market
- Impact of COVID-19 and Demonetization on United States Solar Panel Recycling Market
- Details on Current Investment in United States Solar Panel Recycling Market
- Competitive Analysis of United States Solar Panel Recycling Market
- Prominent Players in the United States Solar Panel Recycling Market
- SWOT Analysis of United States Solar Panel Recycling Market
- United States Solar Panel Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Solar Panel Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Solar Panel Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Solar Panel Recycling Market
7. United States Solar Panel Recycling Market, By Process (USD Million) 2020-2033
7.1. United States Solar Panel Recycling Market Size, Share and Forecast, By Process, 2020-2026
7.2. United States Solar Panel Recycling Market Size, Share and Forecast, By Process, 2027-2033
7.3. Thermal
7.4. Mechanical
7.5. Laser
8. United States Solar Panel Recycling Market, By Type (USD Million) 2020-2033
8.1. United States Solar Panel Recycling Market Size, Share and Forecast, By Type, 2020-2026
8.2. United States Solar Panel Recycling Market Size, Share and Forecast, By Type, 2027-2033
8.3. Crystalline Silicon
8.4. Thin Film
9. United States Solar Panel Recycling Market Forecast, 2020-2033 (USD Million)
9.1. United States Solar Panel Recycling Market Size and Market Share
10. United States Solar Panel Recycling Market, By Region, 2020-2033 (USD Million)
10.1. United States Solar Panel Recycling Market Size and Market Share By Region (2020-2026)
10.2. United States Solar Panel Recycling Market Size and Market Share By Region (2027-2033)
10.3. East
10.4. West
10.5. South
10.6. North
11. Company Profile
11.1. Aurubis AG
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Canadian Solar Inc
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. ECS Refining
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Envela Corporation
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. First Solar, Inc
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Hanwha Group
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. JA Solar Co Ltd
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Sharp Corporation
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Silrec Corporation
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Trina Solar
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations