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Europe Solar Panel Recycling Market
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Europe Solar Panel Recycling Market

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Europe Solar Panel Recycling Market - By Type (Monocrystalline, Polycrystalline, Thin-Film); By Process (Thermal, Mechanical, Laser); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, The Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: April 2023
  • Report ID: BWC23302
  • Available Format: PDF
  • Page: 200

Report Overview

The rise of solar panel recycling in Europe can be attributed to several factors, including increasing demand for renewable energy, government regulations, and environmental concerns. As the demand for solar energy continues to grow in Europe, so does the volume of end-of-life solar panels. These panels contain valuable materials, such as silicon, glass, and aluminum, which can be recovered and reused in the production of new solar panels or other products. The recycling of these materials reduces the need for raw materials, conserves energy, and reduces greenhouse gas emissions.

Europe Solar Panel Recycling Market - Industry Trends & Forecast Report, 2028

Europe Solar Panel Recycling Market size was estimated at USD 60.06 million in 2022. During the forecast period between 2023 and 2029, the Europe Solar Panel Recycling Market size is projected to grow at a CAGR of 20.9% reaching a value of USD 227.41 million by 2029. The market is likely to grow in the coming years due to rising solar capacity in the area and rising solar panel waste volume in countries such as France, the United Kingdom, and Germany. The area has enacted severe laws to reduce solar panel material waste, which is predicted to be one of the primary reasons driving the market. According to the European Union, 90% of solar panels in the region may be recycled completely. The recycling of solar panels is also required and required by European Union rules. In the next years, the union has set a target of 85% recovery rate and an overall objective of 80% preparation for recycling and reuse. Moreover, solar panel recycling in the region is also a major factor in job creation.

Europe Solar Panel Recycling Market

Europe Solar Panel Recycling Market – Overview

Solar panel recycling refers to the process of collecting and reprocessing end-of-life solar panels, also known as photovoltaic (PV) panels, in order to recover valuable materials and reduce waste. As solar energy becomes increasingly popular and widespread, the issue of what to do with old or damaged solar panels is becoming more pressing. The process of recycling solar panels involves several steps. First, the panels are collected and transported to a recycling facility. Then, the panels are disassembled, and the glass, aluminum, and silicon components are separated and sent to their respective recycling streams. In addition, the metals and other materials in the panels, such as copper and silver, can be extracted and reused. Recycling solar panels has many benefits. It reduces waste and conserves natural resources, since the materials recovered from the panels can be used to make new solar panels or other products. Recycling also reduces the environmental impact of solar panels, as the manufacture of new panels requires a significant amount of energy and resources.

Europe Solar Panel Recycling Market

Growth Drivers

Rapid Increase in Europe’s Solar Capacity

An increase in solar capacity in Europe is likely to give rise to the solar panel recycling market in the region. As a number of solar panels are being installed throughout Europe, the number of panels reaching the end of their useful life is also likely to increase. In order to avoid creating unnecessary waste and to recover valuable materials, there will be a growing need for solar panel recycling. According to data provided by the European Union, EU member states added around 18.2 GW of solar capacity in 2020, an increase of almost 11% above the 16.2 GW deployed in 2019. Germany has been the region's largest solar market. The Netherlands, France, and Italy are also making important market developments. With the increase in solar power and installations, the region has seen a spike in the expansion of recycling processes and facilities. The EU predicted that installed solar capacity will reach over 700 GW by 2030. This implies that the region may expect a large scale return of old solar panels, which must be dealt with methodically and cleanly in order to boost economic viability and minimize environmental consequences.

Restraints

High Cost of Solar Panel Recycling

The high cost of solar panel recycling is a significant challenge for the growth of the market, and there are several factors that contribute to this cost. The collection and transportation of end-of-life solar panels can be costly, particularly if the panels are located in remote areas or are difficult to access. Additionally, the processing of solar panels requires specialized equipment and processes to separate and recover valuable materials from the panels, which can be expensive to implement and maintain. The volume of end-of-life solar panels is relatively low compared to other types of electronic wastes, which means that there may not be enough demand for recycled materials to justify the high cost of recycling.

Impact of COVID-19 on Europe Solar Panel Recycling Market

The COVID-19 pandemic had an impact on the solar panel recycling industry in Europe, as it had on many other industries around the world. The pandemic led to disruptions in global supply chains and affected the demand for solar panels, which in turn affected the volume of end-of-life panels available for recycling. The main impacts of the pandemic have been the slowdown in the installation of new solar panels. Lockdowns, travel restrictions, and social distancing measures have made it difficult for solar panel installers to work, leading to delays in new installations. This slowdown in new installations also led to a slowdown in the replacement of older panels, which means that the volume of end-of-life panels available for recycling may be lower than expected. The pandemic also had an impact on the recycling process itself. Many recycling facilities had to implement new safety measures to protect workers from COVID-19 infection, such as reducing the number of workers on site and implementing social distancing measures. These measures led to delays in the recycling process and increased the cost of recycling.

Europe Solar Panel Recycling Market

Segmental Coverage

Europe Solar Panel Recycling Market - By Type

Based on type, Europe solar panel recycling market is segmented into monocrystalline, polycrystalline, and thin-film. The Monocrystalline segment dominates the market in 2022, due to the use of monocrystalline solar panels increases in Europe, the volume of end-of-life monocrystalline panels available for recycling is also expected to increase. It presents an opportunity for the solar panel recycling industry to recover valuable materials, such as silicon and silver, from these panels and reuse them in the production of new solar panels or other electronic devices. The recycling process for monocrystalline solar panels is similar to that of other types of solar panels, but monocrystalline solar panels contain valuable materials, such as silicon and silver, which can be recovered and reused in the production of new solar panels or other electronic devices. For instance, Europe's total solar photovoltaic capacity will be 183.5 thousand MW in 2021. Throughout the projection period, PV capacity is expected to increase. Because of the significant rise in panel use and government recycling legislation, responsible, industrial-scale recycling and disposal techniques are driving the solar panel recycling industry.

Europe Solar Panel Recycling Market Size

Europe Solar Panel Recycling Market - By Process

Based on process, the Europe Solar Panel Recycling Market is segmented into thermal, mechanical, and laser. The mechanical process segment dominates the market during the forecast period. The mechanical process involves the use of crushers, shredders, and other equipment to break down the solar panels and separate the materials. This process is less energy-intensive than the thermal process and can be more cost-effective, but it may not be as effective in recovering high-quality materials. For instance, the WEEE Directive requires European countries to adopt PV waste management programmes that make manufacturers accountable for collecting and recycling the panels they sell. These restrictions have two primary goals. For starters, it encourages the market to produce things that use fewer raw materials and are easier to recycle. Second, it encourages manufacturers to incorporate the cost of product collection and end-of-life care in the prices they charge customers.

Europe Solar Panel Recycling Market - By Country

Germany holds the highest share of the Europe Solar Panel Recycling Market, as it owns the majority of Europe's solar PV capacity. Furthermore, the country's government has set an aim of increasing solar power capacity to 200 GW by 2030, for which it intends to raise solar tenders to 20 GW. Furthermore, Germany's capacity will nearly double, from slightly more than 50 GW in 2020 to around 415 GW by the middle of the century. To fulfil the 2030 target of a 65% renewable share of energy consumption, annual capacity increase for combined solar and wind power must reach at least 5 GW. As a result of the rise in solar capacity, more solar panels will be installed, generating an opportunity for the solar industry.  

Competitive Landscape

The Europe Solar Panel Recycling Market is highly competitive, with all the players continually competing to gain a larger market share. The key players are Sunpower Corporation, Reiling Group GmbH & Co. KG, Rosi Solar, JA Solar Co., Univergy International, Renesola, Trina Solar Co., First Solar Inc., and Experia Solution. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In February 2022 - Rosi Solar's commercial technology was purportedly capable of recovering high-purity silicon, silver, and copper from defunct PV modules. The technology of the firm is based on a pyrolysis method that separates different metals from cells.

  • In February 2022 - Germany announced its concerted attempts to recycle more and become less reliant on photovoltaic (PV) imports. As a result, the Fraunhofer Centre for Silicon Photovoltaics (CSP) and the Fraunhofer Institute for Solar Energy Systems (ISE) have developed a system for reclaiming silicon from discarded PV modules on an industrial scale in order to reuse the material in domestically produced PERC (rear cell) solar modules.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Product/ Service Segmentation

Type, Process, Country

Key Players

Sunpower Corporation, Reiling Group GmbH & Co. KG, Rosi Solar, JA Solar Co., Univergy International, Renesola, Trina Solar Co., First Solar Inc., Experia Solution

 

By Type

  • Monocrystalline

  • Polycrystalline

  • Thin-Film

By Process

  • Thermal

  • Mechanical

  • Laser

By Country

  • Germany

  • United Kingdom

  • Italy

  • France

  • Spain

  • Belgium

  • Russia

  • The Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Europe Solar Panel Recycling Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing demand for solar energy in Europe
        2. Environmental regulations and policies
        3. The recovery of valuable materials from solar panels
      2. Restraints
        1. The high cost of solar panel recycling
        2. The lack of a standardized recycling process and the presence of hazardous materials
        3. The limited availability of recycling facilities in some regions of Europe
      3. Opportunities
        1. The development of new recycling technologies and processes
        2. Partnerships and collaborations between solar panel manufacturers, installers, and recyclers
        3. The creation of a circular economy for solar panels
      4. Challenges
        1. The lack of awareness and education among consumers and businesses
        2. The availability of cheap and easily accessible virgin materials
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Europe Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Monocrystalline
        2. Polycrystalline
        3. Thin-Film
      2. By Process
        1. Thermal
        2. Mechanical
        3. Laser
      3. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Belgium
        7. Russia
        8. The Netherlands
        9. Rest of Europe
  5. Germany Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  6. United Kingdom Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  7. Italy Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  8. France Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  9. Spain Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  10. Belgium Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  11. Russia Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  12. The Netherlands Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  13. Rest of Europe Solar Panel Recycling Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Type
      3. By Process
      4. By End User
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Solar Panel Recycling Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  15. Impact of Covid-19 on Europe Solar Panel Recycling Market
  16. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Sunpower Corporation
    2. Reiling Group GmbH & Co. KG
    3. Rosi Solar
    4. JA Solar Co.
    5. Univergy International
    6. Renesola
    7. Trina Solar Co.
    8. First Solar Inc.
    9. Experia Solution
    10. Other Prominent Players.
  17. Key Strategic Recommendations
  18. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

Figure 1     Europe Solar Panel Recycling Market Segmentation

Figure 2     Europe Solar Panel Recycling Market Value Chain Analysis

Figure 3     Company Market Share Analysis, 2022

Figure 4     Europe Solar Panel Recycling Market Size, By Value (USD Million), 2019–2029

Figure 5     Europe Solar Panel Recycling Market Share, By Type, By Value, 2019–2029

Figure 6     Europe Solar Panel Recycling Market Share, By Process, By Value, 2019–2029

Figure 7     Europe Solar Panel Recycling Market Share, By Country, By Value, 2019–2029

Figure 8     Germany Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 9     Germany Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 10   Germany Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 11   United Kingdom Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 12   United Kingdom Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 13   United Kingdom Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 14   Italy Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 15   Italy Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 16   Italy Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 17   France Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 18   France Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 19   France Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 20   Spain Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 21   Spain Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 22   Spain Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 23   Belgium Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 24   Belgium Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 25   Belgium Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 26   Russia Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 27   Russia Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 28   Russia Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 29   The Netherlands Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 30   The Netherlands Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 31   The Netherlands Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

Figure 32   Rest of Europe Solar Panel Recycling Market Size, By Value (USD Million), 2019−2029

Figure 33   Rest of Europe Solar Panel Recycling Market Share, By Type, By Value, 2019−2029

Figure 34   Rest of Europe Solar Panel Recycling Market Share, By Process, By Value, 2019−2029

List of Tables

Table 1        Europe Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 2        Europe Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 3        Europe Solar Panel Recycling Market Size, By Country, By Value, 2019−2029

Table 4        Germany Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 5        Germany Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 6        United Kingdom Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 7        United Kingdom Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 8        Italy Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 9        Italy Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 10      France Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 11      France Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 12      Spain Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 13      Spain Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 14      Belgium Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 15      Belgium Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 16      Russia Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 17      Russia Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 18      The Netherlands Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 19      The Netherlands Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 20      Rest of Europe Solar Panel Recycling Market Size, By Type, By Value, 2019−2029

Table 21      Rest of Europe Solar Panel Recycling Market Size, By Process, By Value, 2019−2029

Table 22      Sunpower Corporation Company Overview

Table 23      Sunpower Corporation Financial Overview

Table 24      Reiling Group GmbH & Co. KG Company Overview

Table 25      Reiling Group GmbH & Co. KG Financial Overview

Table 26      Rosi Solar Company Overview

Table 27      Rosi Solar Financial Overview

Table 28      JA Solar Co. Company Overview

Table 29      JA Solar Co. Financial Overview

Table 30      Univergy International Company Overview

Table 31      Univergy International Financial Overview

Table 32      Renesola Company Overview

Table 33      Renesola Financial Overview

Table 34      Trina Solar Co. Company Overview

Table 35      Trina Solar Co. Financial Overview

Table 36      First Solar Inc. Company Overview

Table 37      First Solar Inc. Financial Overview

Table 38      Experia Solution Company Overview

Table 39      Experia Solution Financial Overview

 

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Europe Solar Panel Recycling Market is expected to rise due to the increased recycling of solar panels in Europe can be ascribed to a variety of causes, including rising demand for renewable energy, government laws, and environmental concerns. As the demand for solar energy in Europe grows, so does the amount of used solar panels. Solar panels include important elements like silicon, glass, and aluminum, which may be salvaged and repurposed to make new solar panels or other goods.
Ans: In 2022, Europe Solar Panel Recycling Market size was estimated at USD 60.058 million.
Ans: Germany holds the highest market share in Europe Solar Panel Recycling Market.
Ans: The mechanical segment is expected to hold the highest market share in the Europe Solar Panel Recycling Market by process.
Ans: Key players in Europe Solar Panel Recycling Market include Sunpower Corporation, Reiling Group GmbH & Co. KG, Rosi Solar, JA Solar Co., Univergy International, Renesola, Trina Solar Co., First Solar Inc., and Experia Solution.