Solar Panel Recycling Market Share

APAC Market Forecast

Solar panel recycling market in Asia Pacific is predicted to account for the largest share of 38% by 2037 impelled by the presence of major producers of solar power. India, China, and Japan are some of the major solar power-producing countries in the region. As a result, more solar panels are expected to be installed in the region which would lead to huge demand for solar panel recycling.For instance, India is currently one of the top 10 nations producing solar energy, and the third-largest solar energy producer in India is the southwest state of Karnataka.

North America Market Statistics

The North America solar panel recycling market is estimated to be the second largest, during the forecast timeframe led by presence of government policies for sponsoring clean energy technologies and shifting tendencies towards renewable energy sources. This has led to higher adoption of solar power in the region, leading to an increase in demand for solar panel recycling.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of solar panel recycling is estimated at USD 2.43 billion.

The solar panel recycling market size was valued at USD 1.87 billion in 2024 and is set to exceed USD 118.54 billion by 2037, expanding at over 37.6% CAGR during the forecast period i.e., between 2025-2037. Increasing environmental concerns, government initiatives and increasing utilization of solar power globally will boost the market growth.

Asia Pacific industry is likely to hold largest revenue share of 38% by 2037, impelled by presence of major producers of solar power. India, China, and Japan are some of the major solar power-producing countries in the region.

The major players in the market include First Solar Inc., SOLARCYCLE Inc., Reiling GmbH & Co. KG, Rinovasol Group, ENVARIS GmbH, Silrec Corporation

Solar Panel Recycling Market Share