Solar PV Recycling Market Size - By Recyclable Material (Silver, Aluminum, Copper, Glass), By End Use (Residential, Commercial & Industrial, Utility), By Process & Forecast, 2025 - 2034
Report ID: GMI13888
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Published Date: May 2025
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Report Format: PDF
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Base Year: 2024
Companies covered: 12
Tables & Figures: 23
Countries covered: 13
Pages: 124
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Solar PV Recycling Market
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Solar PV Recycling Market Size
The global solar PV recycling market was valued at USD 492.8 million in 2024 and is set to grow at a CAGR of 19.7% from 2025 to 2034. Rising environmental imperatives to minimize the growing volume of solar PV waste will bolster the recycling infrastructure demand. PV panels typically have a lifespan of 25–30 years, and with installations dating back to the early 2000s now reaching end of life, accelerating waste volume generation, creating recycling techniques adoption.
Furthermore, more rigorous policies focusing on the environment, as well as heightened interests in sustainability are pushing industry stakeholders to adopt environmentally friendly practices and promote the goals of the circular economy. The WEEE Directive of the European Union, amended in 2012 and 2018, mandates the collection and recycling of electronic devices, including solar panels. This policy aids in the recovery of vital components such as silicon and silver, reducing waste and conserving ecological balance.
Technological advancements in recycling methods are also making the process more cost-effective and efficient. These developments, together with regulatory and environmental pressures, are anticipated to significantly contribute to the expansion of the solar panel recycling market in the years ahead. Companies are also investing in developing advanced technologies to accelerate the market growth. California Firm PV Circonomy provides a high-efficiency automated technology for recycling silicon PV panels in February 2025. They possess a recovery rate of 99.3% which allows them to recover EVA and glass which can be repurposed in other industries.
The solar industry’s growing dependence on the critical elements indium, silver, and high-purity silicon, all of which are considered rare and area specific, is expected to advance changes toward recycling initiatives. At the same time, supply chain problems along with increasing geopolitical conflicts have heightened worries about the availability of these materials. By decreasing reliance on raw material imports and recovering critical secondary raw materials, domestic resource dependence increases, strengthening national resource security while simultaneously improving business metrics.
The Trump-era solar tariffs, imposed on imported photovoltaic modules, indirectly influenced solar PV recycling by increasing the cost of new panels. The increase in the cost of new panels led to an increased effort by some stakeholders to extend the life of systems that had already been installed and consider recycling as a cheaper option than replacing the systems entirely. Moreover, the tariffs stimulated interest in domestic solar panel manufacturing which increased the need for buying local recycling facilities to sustainably manage the production and post-consumer waste.
Solar PV Recycling Market Trends
Solar PV Recycling Market Analysis
Solar PV Recycling Market Share
Solar PV Recycling Market Companies
Eminent players operating in the Solar PV Recycling industry are:
Solar PV Recycling Industry News:
This solar PV recycling market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “(USD Million)” from 2021 to 2034, for the following segments:
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Market, By Recyclable Material
Market, By End Use
Market, By Process
The above information has been provided for the following regions and countries: