Market Size of Solar Panel Recycling Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 18.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Solar Panel Recycling Market Analysis
The global solar power recycling market is expected to register a CAGR of more than 18% during 2020-2025. Factors, such as rising environmental concerns and government policies for safe disposal of solar panels, are expected to be major factors driving the market. However, lack of general awareness and interest in the developing nations of the Asia-Pacific region are expected to restrain the market's growth.
The crystalline silicon segment is expected to dominate the market for solar panel recycling, due to higher number of installations, globally.
The aging older installations are expected to act as an opportunity for the solar panel recycling market.
The Asia-Pacific region is expected to be the largest and the fastest growing market, owing to the largest share in terms of solar power generation and the presence of manufacturing and technology hubs, such as China and Japan.
