Summary

As per Triton’s research report, the Asia-Pacific solar panel recycling market is estimated to advance in revenue at a CAGR of 16.26% during the forecast period 2024-2032.
In the Asia-Pacific, governments are actively implementing policies to encourage the use of solar energy and ensure the responsible recycling of solar panels. In 2021, India introduced the Extended Producer Responsibility (EPR) program, which requires manufacturers to manage the collection and recycling of their solar panels once they reach the end of their lifespan. As the largest global hub for both the production and consumption of solar energy, the region accounted for more than 60% of all solar PV installations worldwide in 2022. With solar energy adoption on the rise, the need for effective solar panel recycling solutions is anticipated to grow significantly.
The countries examined in this region include Japan, India, Australia & New Zealand, South Korea, China, ASEAN Countries, and Rest of APAC.
China acquires major market share, acquiring around $28.27 million in 2023
• As China leads globally in solar energy capacity, the government has recognized the need to manage the growing waste from aging solar panels. In 2021, the Ministry of Industry and Information Technology (MIIT) issued guidelines to promote the recycling and reuse of solar photovoltaic (PV) panels.

• These guidelines aim to establish a full lifecycle management system to handle waste effectively, as the number of decommissioned solar panels is expected to surge in the coming decades.

• In recent years, China has started implementing stronger environmental policies, including the Green Development of Industry plan, which calls for the development of eco-friendly technologies like solar panel recycling. This has led to innovation, with companies developing technologies to recover key materials like silicon, glass, and metals from used panels.
Market Forecast for Japan
The solar panel recycling market in Japan is gaining momentum as the country prepares for a significant wave of decommissioned solar panels in the coming years, owing to the widespread adoption of solar energy. With an increasing focus on sustainability, Japan is recognizing the need to manage the waste generated by end-of-life photovoltaic panels, which are expected to reach large volumes by the 2030s. Key initiatives include the government’s promotion of the Circular Economy model, which encourages resource efficiency and waste reduction. The Ministry of the Environment has also laid out guidelines for solar panel recycling, and new businesses are emerging to address this issue. Additionally, the government is exploring potential subsidies and incentives to enhance the collection and processing infrastructure. These efforts are set to augment the solar panel recycling market’s growth.
The market is sectioned into process, shelf life, technology, and end-user. Based on end-user, it is divided into residential, utility, and commercial/industrial.
Residential solar panels typically have a lifespan of 25 to 30 years. With the surge in installations over the past decade, the volume of panels requiring disposal or recycling is expected to increase dramatically in the coming years. This segment presents unique challenges due to the smaller scale and dispersed nature of residential installations compared to utility-scale projects. However, it also offers substantial opportunities for recycling companies to recover valuable materials like silicon, glass, and metals, which can be reused in the manufacturing of new panels.
Contender Analysis in the Solar Panel Recycling Market:
Sharp Corporation is a leading manufacturer and distributor of telecommunications and electrical equipment. Its extensive portfolio includes refrigerators, air conditioners, mobile phones, and solar cells. The company also provides tailored solutions for industries such as digital information systems and environmental technologies. With a strong global presence, Sharp Corp is headquartered in Sakai-Ku, Osaka, Japan.
Other key companies in the market consist of Sunpower Corporation, Canadian Solar, Hanwha Group, Silrec Corporation, etc.

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Table of Contents

TABLE OF CONTENTS
1. ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. PORTER’S FIVE FORCES ANALYSIS
2.1.1. THREAT OF NEW ENTRANTS
2.1.2. THREAT OF SUBSTITUTES
2.1.3. BARGAINING POWER OF BUYERS
2.1.4. BARGAINING POWER OF SUPPLIERS
2.1.5. THREAT OF COMPETITIVE RIVALRY
2.2. MARKET MATURITY ANALYSIS
2.3. SUPPLY CHAIN ANALYSIS
2.3.1. RAW MATERIALS
2.3.2. MANUFACTURERS
2.3.3. DISTRIBUTORS
2.3.4. RETAILERS/ONLINE SALES
2.3.5. END-USER
2.4. REGULATORY FRAMEWORK
2.5. KEY BUYING IMPACT ANALYSIS
2.5.1. COST
2.5.2. USABILITY
2.5.3. AVAILABILITY
2.6. KEY MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS DIVESTITURES & EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. INCREASING DEMAND FOR RECYCLED MATERIALS FUELED BY ENVIRONMENTAL AWARENESS AND COST EFFICIENCY
2.7.2. INCREASING VOLUME OF DECOMMISSIONED SOLAR PANELS
2.8. MARKET CHALLENGES
2.8.1. UNDERDEVELOPED RECYCLING TECHNOLOGIES
2.8.2. INFRASTRUCTURE LIMITATIONS
2.8.3. HIGH TRANSPORTATION COSTS
2.9. MARKET OPPORTUNITY
2.9.1. EMERGING TECHNOLOGIES IMPROVING EFFICIENCY AND SUSTAINABILITY
2.10. ANALYST PERSPECTIVE
3. ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET – BY PROCESS
3.1. THERMAL & CHEMICAL
3.2. MECHANICAL
3.3. LASER
4. ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET – BY SHELF LIFE
4.1. EARLY LOSS
4.2. NORMAL LOSS
5. ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET – BY TECHNOLOGY
5.1. SILICON-BASED (C-SI))
5.1.1. MONOCRYSTALLINE
5.1.2. POLYCRYSTALLINE
5.2. THIN-FILM BASED
5.2.1. CADMIUM TELLURIDE (CDTE)
5.2.2. COPPER INDIUM GALLIUM (DI)SELENIDE (CIGS)
5.3. OTHER TECHNOLOGIES
6. ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET – BY END-USER
6.1. RESIDENTIAL
6.2. COMMERCIAL/INDUSTRIAL
6.3. UTILITY
7. ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET – BY COUNTRY OUTLOOK
7.1. ASIA-PACIFIC
7.1.1. COUNTRY ANALYSIS
7.1.1.1. CHINA
7.1.1.1.1. CHINA SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.2. JAPAN
7.1.1.2.1. JAPAN SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.3. INDIA
7.1.1.3.1. INDIA SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.4. SOUTH KOREA
7.1.1.4.1. SOUTH KOREA SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.5. ASEAN COUNTRIES
7.1.1.5.1. ASEAN COUNTRIES SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.6. AUSTRALIA & NEW ZEALAND
7.1.1.6.1. AUSTRALIA & NEW ZEALAND SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.7. REST OF ASIA-PACIFIC
7.1.1.7.1. REST OF ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
8. COMPETITIVE LANDSCAPE
8.1. SHARP CORPORATION
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY STRENGTHS
8.1.4. KEY CHALLENGE
8.2. SUNPOWER CORPORATION
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY STRENGTHS
8.2.4. KEY CHALLENGE
8.3. SILREC CORPORATION
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY STRENGTH
8.3.4. KEY CHALLENGE
8.4. CANADIAN SOLAR
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY STRENGTHS
8.4.4. KEY CHALLENGE
8.5. HANWHA GROUP
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY STRENGTHS
8.5.4. KEY CHALLENGES
8.6. GREENBRILLIANCE LLC
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY STRENGTHS
8.6.4. KEY CHALLENGE
8.7. AURUBIS AG
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY STRENGTHS
8.7.4. KEY CHALLENGES
8.8. REILING GROUP
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY STRENGTHS
8.8.4. KEY CHALLENGES
8.9. ECHO ENVIRONMENTAL
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY STRENGTHS
8.9.4. KEY CHALLENGES
8.10. FIRST SOLAR INC
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.10.3. KEY STRENGTHS
8.10.4. KEY CHALLENGE
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

LIST OF TABLES
TABLE 1: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE 7: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED (C-SI), 2024-2032 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY THIN-FILM BASED, 2024-2032 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

LIST OF FIGURES
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: SUPPLY CHAIN ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2023 & 2032 (IN %)
FIGURE 5: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY THERMAL & CHEMICAL, 2024-2032 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY MECHANICAL, 2024-2032 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY LASER, 2024-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2023 & 2032 (IN %)
FIGURE 9: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY EARLY LOSS, 2024-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY NORMAL LOSS, 2024-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 12: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED (C-SI), 2024-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED (C-SI), 2023 & 2032 (IN %)
FIGURE 14: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY MONOCRYSTALLINE, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY POLYCRYSTALLINE, 2024-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY THIN-FILM BASED, 2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY THIN-FILM BASED, 2023 & 2032 (IN %)
FIGURE 18: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY CADMIUM TELLURIDE (CDTE), 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY COPPER INDIUM GALLIUM (DI)SELENIDE (CIGS), 2024-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY OTHER TECHNOLOGIES, 2024-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE 22: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY COMMERCIAL/INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY UTILITY, 2024-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: CHINA SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 27: JAPAN SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: INDIA SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: SOUTH KOREA SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: ASEAN COUNTRIES SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 32: REST OF ASIA-PACIFIC SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)