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