Solar Panel Recycling Market Analysis

Type (Monocrystalline & Polycrystalline, Thin Film)

The monocrystalline & polycrystalline segment is estimated to hold 65% share of the global solar panel recycling market in the coming years as they are the most space-efficient and require the least amount of space when compared to their competitors. Solar panels made from monocrystalline materials have a longer life and are usually lasting well beyond the expiry of their warranty. These factors are bolstering the monocrystalline segment.

Process (Thermal, Mechanical, Laser)

The thermal segment is set to garner a notable share shortly impelled by the benefits of thermal processes for recycling solar panels, which recover over 80% of their weight and also recycle up to 98% of interfering cells based on module conditions or cell thickness. Moreover, the thermal approach of recycling PV modules is preferable to the chemical method since it employs heat and chemical processes to delaminate solar panels and separate their chemical components. Furthermore, the market is expected to be driven by a growing solar panel industry over the forecast period.

Our in-depth analysis of the global market includes the following segments: