Summary
As per Triton’s research report, the Europe solar panel recycling market is estimated to progress at a CAGR of 15.46% during the forecast years 2024-2032.
Net metering, widely implemented across Europe, provides financial incentives that encourage the adoption of solar panels by homeowners and businesses. This trend is likely to boost the solar panel sector while also increasing the number of panels reaching the end of their lifecycle. European Union regulations, such as the Renewable Energy Directive and the Solar Energy Strategy, play a pivotal role in shaping policies that promote the integration of solar energy systems. The European Union’s commitment to generating around 45% of its energy from renewable sources by 2030 positions the solar panel market for substantial growth.
The countries evaluated in this region comprise Spain, France, UK, Germany, France, Poland, and Rest of Europe.
Germany leads with the highest share, obtaining around $25.98 million in 2023
• Germany is expected to face a significant rise in solar panel waste as early solar installations approach their end-of-life (EOL) phase. By 2025, the annual volume of solar panel waste could reach 22,000 tons, as per industry sources.
• Researchers in Germany are developing new technologies to make solar panel recycling more efficient. For instance, Fraunhofer ISE has pioneered methods to recycle silicon from discarded solar panels to produce new high-efficiency cells.
• Under Germany’s implementation of the EU Waste Electrical and Electronic Equipment (WEEE) directive, at least 85% of PV module waste must be collected and recycled. Efforts are underway to develop better recycling processes, including innovations to improve the recovery of valuable materials like silicon.
Market Forecast for Italy
The solar panel recycling market in Italy is set for significant growth as the country continues to expand its renewable energy infrastructure, especially in solar photovoltaics. Italy has an increasing volume of aging PV installations, which are approaching the end of their 25–30-year lifecycle. This creates a growing need for efficient recycling solutions. The nation has been actively involved in EU-led initiatives, such as the WEEE (Waste Electrical and Electronic Equipment) directive, which mandates responsible recycling of solar panels. Additionally, programs like PV CYCLE, a European association for PV recycling, offer services in Italy to ensure that panels are properly disposed of and recycled.
The market is sub-segment as per shelf life, process, end-user, and technology. The division based on shelf life includes normal and early loss.
The normal loss segment refers to the period during which solar panels naturally degrade and become inefficient, typically after 25 to 30 years of use. As solar panels age, their efficiency declines due to exposure to environmental factors such as UV radiation, temperature fluctuations, and mechanical stress. Recycling these panels is crucial to recovering valuable materials like silicon, glass, and metals, which can be reused in the production of new solar panels or other technologies. This segment is expected to grow as the first generation of large-scale solar installations approaches the end of its useful life.
Contender Analysis in the Solar Panel Recycling Market:
Aurubis AG is a leading producer and supplier of non-ferrous metals, with a focus on processing complex metal concentrates, scrap metals, and metal-bearing materials to produce a variety of metals. Its core offerings include copper cathodes alongside an extensive range of copper and copper alloy products. In addition to copper, Aurubis produces precious metals like gold and silver, as well as other metals, including lead, tin, zinc, and trace metals. The company operates manufacturing facilities across Germany, Belgium, Bulgaria, Finland, the Netherlands, and the United States, with its headquarters based in Hamburg, Germany.
Other key companies in the market include Sharp Corporation, Echo Environmental, First Solar Inc, First Solar Inc, and Canadian Solar.
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Table of Contents
TABLE OF CONTENTS
1. EUROPE 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. EUROPE SOLAR PANEL RECYCLING MARKET – BY PROCESS
3.1. THERMAL & CHEMICAL
3.2. MECHANICAL
3.3. LASER
4. EUROPE SOLAR PANEL RECYCLING MARKET – BY SHELF LIFE
4.1. EARLY LOSS
4.2. NORMAL LOSS
5. EUROPE 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. EUROPE SOLAR PANEL RECYCLING MARKET – BY END-USER
6.1. RESIDENTIAL
6.2. COMMERCIAL/INDUSTRIAL
6.3. UTILITY
7. EUROPE SOLAR PANEL RECYCLING MARKET – BY COUNTRY OUTLOOK
7.1. EUROPE
7.1.1. COUNTRY ANALYSIS
7.1.1.1. UNITED KINGDOM
7.1.1.1.1. UNITED KINGDOM SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.2. GERMANY
7.1.1.2.1. GERMANY SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.3. FRANCE
7.1.1.3.1. FRANCE SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.4. SPAIN
7.1.1.4.1. SPAIN SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.5. ITALY
7.1.1.5.1. ITALY SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.6. POLAND
7.1.1.6.1. POLAND SOLAR PANEL RECYCLING MARKET FORECAST & PROSPECTS
7.1.1.7. REST OF EUROPE
7.1.1.7.1. REST OF EUROPE 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: EUROPE 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: EUROPE SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2024-2032 (IN $ MILLION)
TABLE 9: EUROPE SOLAR PANEL RECYCLING MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE 10: EUROPE SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED (C-SI), 2024-2032 (IN $ MILLION)
TABLE 11: EUROPE SOLAR PANEL RECYCLING MARKET, BY THIN-FILM BASED, 2024-2032 (IN $ MILLION)
TABLE 12: EUROPE SOLAR PANEL RECYCLING MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
TABLE 13: EUROPE 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: EUROPE SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2023 & 2032 (IN %)
FIGURE 5: EUROPE SOLAR PANEL RECYCLING MARKET, BY THERMAL & CHEMICAL, 2024-2032 (IN $ MILLION)
FIGURE 6: EUROPE SOLAR PANEL RECYCLING MARKET, BY MECHANICAL, 2024-2032 (IN $ MILLION)
FIGURE 7: EUROPE SOLAR PANEL RECYCLING MARKET, BY LASER, 2024-2032 (IN $ MILLION)
FIGURE 8: EUROPE SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2023 & 2032 (IN %)
FIGURE 9: EUROPE SOLAR PANEL RECYCLING MARKET, BY EARLY LOSS, 2024-2032 (IN $ MILLION)
FIGURE 10: EUROPE SOLAR PANEL RECYCLING MARKET, BY NORMAL LOSS, 2024-2032 (IN $ MILLION)
FIGURE 11: EUROPE SOLAR PANEL RECYCLING MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE 12: EUROPE SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED (C-SI), 2024-2032 (IN $ MILLION)
FIGURE 13: EUROPE SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED (C-SI), 2023 & 2032 (IN %)
FIGURE 14: EUROPE SOLAR PANEL RECYCLING MARKET, BY MONOCRYSTALLINE, 2024-2032 (IN $ MILLION)
FIGURE 15: EUROPE SOLAR PANEL RECYCLING MARKET, BY POLYCRYSTALLINE, 2024-2032 (IN $ MILLION)
FIGURE 16: EUROPE SOLAR PANEL RECYCLING MARKET, BY THIN-FILM BASED, 2024-2032 (IN $ MILLION)
FIGURE 17: EUROPE SOLAR PANEL RECYCLING MARKET, BY THIN-FILM BASED, 2023 & 2032 (IN %)
FIGURE 18: EUROPE SOLAR PANEL RECYCLING MARKET, BY CADMIUM TELLURIDE (CDTE), 2024-2032 (IN $ MILLION)
FIGURE 19: EUROPE SOLAR PANEL RECYCLING MARKET, BY COPPER INDIUM GALLIUM (DI)SELENIDE (CIGS), 2024-2032 (IN $ MILLION)
FIGURE 20: EUROPE SOLAR PANEL RECYCLING MARKET, BY OTHER TECHNOLOGIES, 2024-2032 (IN $ MILLION)
FIGURE 21: EUROPE SOLAR PANEL RECYCLING MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE 22: EUROPE SOLAR PANEL RECYCLING MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 23: EUROPE SOLAR PANEL RECYCLING MARKET, BY COMMERCIAL/INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 24: EUROPE SOLAR PANEL RECYCLING MARKET, BY UTILITY, 2024-2032 (IN $ MILLION)
FIGURE 25: EUROPE SOLAR PANEL RECYCLING MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: UNITED KINGDOM SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 27: GERMANY SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: FRANCE SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 29: SPAIN SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 30: ITALY SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 31: POLAND SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 32: REST OF EUROPE SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)
