Skip to main content

The rise and rise of solar panel recycling around the world

International – The global solar panel recycling market will be worth over US$ 384 million by 2025, new data by Grand View Research suggests. The mono-crystalline solar panels represented some 51% of the global solar panel recycling market in 2016.

In terms of value, the market is expected to record a compound annual growth rate of 22.1% from 2017 to 2025.

This is mostly thanks to increasing adoption and government regulations on solar module recycling.

In terms of revenue, thin film panel segment is expected to denote a compound annual growth rate of 25.9% from 2017 to 2025. Driving factors are high flexibility and low-cost advantages offered by the panels relative to other segments.

The report concludes that Europe is the ‘leading market’ for solar panel recycling. Here, this sector was valued at US$ 28.3 million last year. Europe is expected to witness ‘significant demand’ in the years ahead considering the growing government regulations in light of sustainability concerns.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

Countdown to hi-tech sorting event
EU looks to STOPP plastic waste in packaging sector
US backs ‘magic’ wind turbine recycling solution

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe