Solar Panel Recycle Market Assessment, By Type, By Material, By Process, By Region, Opportunities and Forecasts, 2016-2030F
2022年全球太陽能板回收市場規模為1.525億美元。 預計到 2030 年，該市場將達到 3.9548 億美元，2023-2030 年預測期間複合年增長率為 12.65%。 全球範圍內太陽能解決方案的採用正在增加廢棄太陽能電池板的數量，從而創造了一個重要的回收市場。 到 2030 年，預計全球從廢舊板材中可回收的原料價值將達到 4.5 億美元。 將太陽能電池板轉移到回收設施可以節省垃圾掩埋場空間並最大限度地提高原材料的價值。 由於嚴格的環境法規和永續實踐意識的增強，太陽能板廢棄物回收市場正在擴大。 回收技術的進步提高了效率和成本效益，同時政府鼓勵適當的處置和回收以減少對環境的影響。 特別是在中國、印度等都市化、工業化不斷推進的國家，市場正快速擴張。 此外，採用循環經濟原則。 太陽能在住宅和商業領域的日益普及以及對回收太陽能板日益有利的監管政策正在推動市場擴張。
廢棄太陽能板數量的增加是全球太陽能板回收市場知名度提高的推動力。 隨著世界各地太陽能發電的採用迅速增加，達到使用壽命的太陽能發電系統的數量不斷增加，導致大量太陽能板被丟棄。 這種快速增長的數量需要有效且可持續的回收解決方案來負責任地管理電子廢棄物。 根據國際再生能源機構 (IRENA) 的預測，如果缺乏有效的回收措施，到 2050 年，全球太陽能板廢棄物預計將達到 7,800 萬噸。
旨在增加太陽能板回收和減少浪費的各種政府法規和舉措正在推動全球太陽能板回收市場的發展。 市場受益於政府提供的財政誘因和補貼，以鼓勵採用太陽能，從而鼓勵太陽能板的回收。 例如，2022年7月，美國政府拜登政府宣布透過能源部（DOE）撥款5,600萬美元，用於促進國內太陽能組件的製造和回收。 此外，能源部還承諾追加 1,800 萬美元，以解決其支持的技術商業化的障礙。
由於各國的積極貢獻，全球太陽能板回收市場取得了顯著成長。 中國是擴大太陽能發電能力的傑出領導者，不僅透過大規模安裝刺激了市場需求，而且產生了大量廢棄太陽能電池板，增加了對回收解決方案的需求。 中國 "十四五" 再生能源規劃中設定的雄心勃勃的目標進一步推動了這一需求。
在歐盟 (EU)，太陽能發電的快速普及以及 REPowerEU 計劃和綠色新政工業計劃等舉措中概述的嚴格環境法規正在顯著塑造全球太陽能電池板回收格局。Masu。 歐盟對永續發展和循環經濟原則的堅定承諾正在推動對回收服務和技術的需求不斷增加。 這些以及各國推動太陽能引入和推廣回收政策的其他努力正在產生協同效應，促進全球太陽能板回收市場的成長。 隨著全球對永續發展重要性的認識不斷增強，對太陽能板回收的需求預計將繼續呈上升趨勢。
Global Solar Panel Recycle Market size was valued at USD 152.5 million in 2022, which is expected to reach USD 395.48 million in 2030 with a CAGR of 12.65% for the forecast period between 2023 and 2030. The global adoption of solar energy solutions has led to a rise in decommissioned solar panels, creating a significant recycling market. By 2030, the global recoverable raw materials from end-of-life panels are estimated to be worth USD 450 million. Reallocating solar panels to recycling facilities conserves landfill space and maximizes raw material value. The recycling market for solar panel waste is expanding due to stringent environmental regulations and growing awareness of sustainable practices. Advancements in recycling technologies enhance efficiency and cost-effectiveness, while governments incentivize proper disposal and recycling to mitigate environmental impact. Rise in urbanization and industrialization, especially in countries like China and India, the market is expanding at a high pace. In addition, the adoption of circular economy principles. The growing popularity of solar energy in residential and commercial sectors and increasing favorable regulatory policies for solar panel recycling are propelling market expansion.
In June 2022, the Board of Executive Directors of the World Bank sanctioned an additional funding of USD 165 million to bolster India's residential sector in the integration of rooftop solar systems, aiming to enhance the affordability of solar energy. The implementation of these solar photovoltaic (PV) installations is anticipated to furnish a sustainable source of clean energy while concurrently mitigating greenhouse gas emissions by substituting fossil fuel-based generation. Projections for the project indicated a substantial reduction in greenhouse gas (GHG) emissions, with an estimated decrease of 13.9 million tons.
The growing volume of end-of-life solar panels is a driving force behind the growing prominence of the global solar panel recycle market. As solar energy adoption surges globally, an increasing number of photovoltaic systems are reaching the end of their operational life, resulting in a substantial influx of decommissioned solar panels. This surge in volume necessitates effective and sustainable recycling solutions to manage electronic waste responsibly. According to projections by the International Renewable Energy Agency (IRENA), global solar panel waste is anticipated to accumulate to 78 million tons by 2050 in the absence of effective recycling measures.
The demand for recycling services is stimulated by both environmental concerns and regulatory requirements, compelling stakeholders to seek innovative technologies and processes for efficient solar panel disposal. This trend addresses the environmental impact of improper waste management and fosters the development of a robust and sustainable solar industry.
A variety of government regulations and efforts focused on increasing Solar Panel Recycle and decreasing waste are propelling the worldwide solar panel recycling market. The market benefits by financial incentives or subsidies provided by the government to encourage the adoption of solar energy and, consequently, the recycling of solar panels. For example, in July 2022, the United States Government, the Biden Administration, via the Department of Energy (DOE), announced an allocation of USD 56 million to boost domestic manufacturing and recycling of solar modules. Additionally, the DOE committed an extra allocation of USD 18 million to address obstacles hindering the commercialization of technologies supported by the department.
Furthermore, governments of various nations implement and enforce regulations regarding the disposal and recycling of solar panels. This ensures that manufacturers and users adhere to environmentally friendly practices. For instance, in November 2022, the Ministry of Environment, Forest and Climate Change of India introduced the E-Waste (Management) Rules. The new rules include regulations for the management of solar PV modules, stating that manufacturers must register on the portal, store waste according to guidelines until 2034-2035, submit annual returns, follow processing rules for other waste, maintain a distinct inventory on the portal, and adhere to standard operating procedures outlined by the Central Pollution Control Board. Recyclers are mandated to recover materials as per the board's guidelines.
The global solar panel recycling market experiences significant growth influenced by the proactive contributions of various countries. China, a prominent leader in solar PV capacity expansion, not only stimulates market demand through its extensive installations but also generates a surge in end-of-life solar panels, thereby intensifying the need for recycling solutions. This demand is further propelled by China's ambitious targets set in the 14th Five-Year Plan for Renewable Energy.
Within the European Union, the rapid deployment of solar PV and the stringent environmental regulations outlined in initiatives such as the REPowerEU Plan and The Green Deal Industrial Plan significantly shape the global solar panel recycling landscape. The EU's unwavering commitment to sustainability and circular economy principles drives the increased demand for recycling services and technologies. Collectively, these and other countries' efforts to promote solar energy adoption and encourage recycling policies synergize to foster growth in the global solar panel recycling market. As global awareness of the importance of sustainability continues to rise, the demand for solar panel recycling is poised to sustain an upward trajectory.
The COVID-19 pandemic has impacted the global solar panel recycling industry. As the pandemic caused economic slowdowns and lowered economic activity worldwide, demand for new solar panels may have declined with disruptions in global supply networks. As a result, the supply of panels accessible for recycling may have been limited. However, governments worldwide have enacted new restrictions and policies, which have impacted the recycling industry's operations. Moreover, the pandemic has also brought to light the significance of sustainability and environmental concerns, which may increase awareness and interest in recycling solar panels.
Russia plays a significant role in the global solar panel industry, manufacturing numerous panels for international markets. However, the ongoing war has disrupted solar panel production and supply chains, leading to decreased availability in the global market. Ukraine houses several solar panel recycling facilities, but the conflict threatens to impede their operations, potentially reducing the industry's recycling capacity. In addition to production and recycling disruptions, the political instability and interruptions in the supply chain have also resulted in increased costs for solar panels. This confluence of factors is having a notable impact on the solar panel sector, both in terms of supply and pricing.
Companies in the solar panel recycle market implement strategies like collaborations, global expansion, regulatory compliance, public awareness campaigns, circular economy initiatives, customer engagement, cost efficiency, government advocacy, and diversification of services. Moreover, operating companies invest in research and development to create advanced recycling technologies. Innovations that improve efficiency, reduce costs, and enhance the overall recycling process give companies a competitive edge.
In 2023, JinkoSolar developed a recycling process that allows for recycling 92% of a solar panel's materials. This includes cells, front glass, back sheet, aluminum frame, copper wire, encapsulation material, and junction box. In contrast to traditional recycling methods that blend materials, making separation challenging, the company's innovative solution employs thermal and mechanical processes to separate the glass and silicon wafer. It also leverages the distinct melting points of encapsulation materials like thermoset EVA/POE during the module's heating for disassembly.
In November 2022, First Solar Inc. unveiled plans to invest USD 1.1 billion in constructing a photovoltaic (PV) solar module manufacturing facility in Lawrence County, USA, with the aim of generating more than 700 employment opportunities in North Alabama. During the same month, Taiwan's Industrial Technology Research Institute (ITRI), United Renewable Energy (URE), Taiwan's largest solar panel and solar cell manufacturer, and San Fang Chemical Industry Co. Ltd., a Taiwan-based technological film producer dedicated to sustainability, collaborated on developing easily disassembled solar panel modules, allowing for complete recycling of photovoltaic (PV) modules upon decommissioning.
In July 2022, the U.S. Department of Energy (DoE) disclosed its intention to allocate USD56 million, including USD10 million for infrastructure, to drive innovation in solar manufacturing and recycling across the United States. The funding's objectives are to make clean energy more accessible and reliable by 2035 and achieve net-zero emissions by mid-century.
In September 2022, SOLAR CYCLE, a technology-driven company specializing in recycling solar panels, partnered with Silicon Ranch Corporation, one of the largest independent electricity producers. Their collaboration focuses on processing end-of-life stage solar systems from Silicon Ranch installations through SOLAR CYCLE's advanced, high-recovery recycling platform. SOLAR CYCLE's innovative module recycling process recovers nearly 95% of the value of solar panels, which can then be reintroduced into the supply network to create new panels.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work