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 2036 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 2024, the industry size of solar panel recycling is estimated at USD 1.85 Billion.

The solar panel recycling market size was over USD 1.38 Billion in 2023 and is set to cross USD 89.02 Billion by the end of 2036, witnessing more than 37.8% CAGR during the forecast period i.e., between 2024-2036. Increasing environmental concerns, government initiatives and increasing utilization of solar power globally are driving the market growth.

North America industry is estimated to be the second largest by 2036, led by presence of government policies for sponsoring clean energy technologies and shifting tendencies towards renewable energy sources in the region.

First Solar Inc., SOLARCYCLE Inc., Reiling GmbH & Co. KG, Rinovasol Group, ENVARIS GmbH, Silrec Corporation

Solar Panel Recycling Market Share