Market Size of Europe Solar Panel Recycling Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 24.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Solar Panel Recycling Market Analysis
The Europe solar panel recycling market is projected to register a CAGR of over 24% during the forecast period.
The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.
- Over the long term, the growing demand for solar energy and solar contribution to a greener environment is expected to drive the market in the forecast period. In addition, the reduction in solar panel costs is an essential factor for market growth.
- On the other hand, lack of general awareness and interest is the major restrain for the market. Sometimes, reusing PV panels becomes a challenging economic option, thus, hampering the growth of the market.
- Improvement in the efficiency of recycling processes in recent years is expected to create ample opportunities for the market. One example of a recycling method under the research phase is the method developed by Loser Chemie.
- Germany is expected to dominate the market with various upcoming solar panel installation projects.
