Market Size of Middle East and Africa Solar Panel Recycling Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 11.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Solar Panel Recycling Market Analysis
The Middle East and African solar panel recycling market is expected to register a CAGR of more than 11.4% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, it has reached pre-pandemic levels.
- Over the long term, factors such as increasing solar panel waste generation across the region, coupled with increasing focus of the respective governments and organizations on solar panel recycling through supportive initiatives, policies, and regulations, are expected to drive the market studied during the forecast period.
- On the flip side, with recycling costing more than the economic value of the recovered materials, companies are not expected to invest in recycling activities, thereby negatively impacting the market's growth.
- The development of new recycling methods to increase efficiency, reduce downsides, and reduce recycling costs is expected to present huge opportunities for solar panel recycling players in the coming years.
- South Africa is expected to witness significant growth in the Middle East and African solar panel recycling market during the forecast period.
