Global Solar Component Recycling Market Growth (Status and Outlook) 2025-2031

The global Solar Component Recycling market size is predicted to grow from US$ 1498 million in 2025 to US$ 2255 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Solar component recycling refers to the process of properly disposing of and recycling solar panels and other components at the end of their lifespan. It is an essential part of sustainable solar energy production and aims to reduce waste, recover valuable materials, and minimize the environmental impact of solar panel disposal.

The global solar component recycling market refers to the market for recycling and reusing components from end-of-life solar panels and other solar energy system components.

Solar panels and other solar energy system components, such as inverters, batteries, and mounting structures, have a certain lifespan after which they may no longer operate at optimal efficiency. As the adoption of solar energy continues to grow, the need for proper disposal and recycling of these components is becoming increasingly important to minimize environmental impact and maximize resource utilization.

The recycling process for solar components typically involves several steps, which may include:

Collection: Solar panels and other components are collected from end-of-life or decommissioned solar installations. This can be done through various channels such as recycling programs, solar industry associations, and commercial recycling companies.

Sorting and disassembly: The collected components are sorted and disassembled to separate different materials such as glass, aluminum, silicon, copper, and other metals. This step ensures that each material can be recycled or reused efficiently.

Material recovery: The separated materials are then processed to recover valuable resources. For example, silicon from solar panels can be recycled to produce new solar cells, while metals like aluminum and copper can be smelted and used in various industries.

Waste treatment: Any remaining non-recyclable or hazardous waste is treated using appropriate methods to minimize environmental impact.

The global solar component recycling market is driven by several factors, including increasing government regulations and incentives promoting sustainable waste management practices, growing environmental concerns, and the desire for resource efficiency. Additionally, the decreasing cost of solar energy and the increasing lifespan of solar panels are expected to contribute to the growth of this market.

The market includes recycling companies specializing in solar component recycling, as well as manufacturers and installers of solar energy systems that may have their own recycling programs or partnerships with recycling facilities. Additionally, research and development efforts are underway to develop more efficient and cost-effective recycling methods for solar components.

LPI (LP Information)' newest research report, the “Solar Component Recycling Industry Forecast” looks at past sales and reviews total world Solar Component Recycling sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Component Recycling sales for 2025 through 2031. With Solar Component Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Component Recycling industry.

This Insight Report provides a comprehensive analysis of the global Solar Component Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Solar Component Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solar Component Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Component Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Component Recycling.

This report presents a comprehensive overview, market shares, and growth opportunities of Solar Component Recycling market by product type, application, key players and key regions and countries.

Segmentation by Type:
Glass
Plastic
Silicon
Metal
Others

Segmentation by Application:
Residential
Commercial
Industrial
Public Utilities
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Yingli Energy Co. Ltd
First Solar
Canadian Solar Inc.
Silcontel
Reclaim PV Recycling
Sharp Corporation
Sunpower Corporation
Envaris
JA Solar Co., Ltd
Renesola
Recycle Solar Technologies Limited
Total Green Recycling

Please note: The report will take approximately 2 business days to prepare and deliver.