Market by Process (Thermal & Chemical, Mechanical, Laser) Shelf Life (Early Loss, Normal Loss) Technology (Silicon-Based, Thin-Film Based) End-User (Residential, Commercial/Industrial, Utility) and Country Outlook | Forecast 2024-2032
According to Triton’s report, the North America solar panel recycling market is set to witness revenue growth at a CAGR of 15.95% during the forecast period 2024-2032.
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The adoption of solar energy in North America is accelerating due to government incentives, decreasing costs, and growing environmental awareness. As more solar panels are installed, the need for recycling them at the end of their lifecycle is becoming increasingly important. Governments in the US and Canada have introduced regulations to ensure the responsible disposal and recycling of solar panels. Additionally, the North American Free Trade Agreement (NAFTA) has facilitated the cross-border transport of solar panels and recycled materials, fostering a more integrated solar panel waste disposal system across the region.
The countries researched in this region are:
United States dominates the regional market, gaining $39.37 million in 2023
Solar panels, primarily composed of materials like glass and valuable metals like silver and copper, have considerable recycling potential. By 2030, the global recoverable value of materials from decommissioned panels could reach $450 million, as per IRENA.
The EPA is working on including solar panels in the ‘universal waste’ category, which would streamline their management and recycling processes.
Additionally, individual states like California have implemented specific policies to regulate the disposal and recycling of solar panels.
Market Forecast for Canada
The solar panel recycling market in Canada is gradually gaining traction as the adoption of renewable energy continues to grow. With the expected surge in solar energy installations, the country anticipates a significant volume of decommissioned panels. To address this, Canada has implemented initiatives aimed at developing a circular economy for solar energy components. For instance, the Electronic Products Recycling Association (EPRA) has extended its e-waste recycling programs in several provinces to include solar panels, ensuring they are properly processed and their materials recovered. Provinces like British Columbia and Alberta are particularly proactive, with regulations encouraging the recycling of solar components.
The market segmentation comprises technology, end-user, process, and shelf life. The technology section includes silicon-based, thin-film based, and other technologies.
Contender Analysis in the Solar Panel Recycling Market:
Echo Environmental, based in Texas, is a certified sustainability solutions provider specializing in reverse logistics and solar panel recycling. By recovering valuable materials from obsolete electronic equipment, the company helps businesses minimize their environmental footprint while maximizing the residual value of their assets.
Other major companies in the solar panel recycling market consist of Sharp Corporation, Silrec Corporation, Reiling Group, and Canadian Solar.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the solar panel recycling market revenue growth in North America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the NA solar panel recycling market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. NORTH AMERICA 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. NORTH AMERICA SOLAR PANEL RECYCLING MARKET – BY PROCESS
3.1.
THERMAL & CHEMICAL
3.2.
MECHANICAL
3.3.
LASER
4. NORTH AMERICA SOLAR PANEL RECYCLING MARKET – BY SHELF LIFE
4.1.
EARLY LOSS
4.2.
NORMAL LOSS
5. NORTH AMERICA 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. NORTH AMERICA SOLAR PANEL RECYCLING MARKET – BY END-USER
6.1.
RESIDENTIAL
6.2.
COMMERCIAL/INDUSTRIAL
6.3.
UTILITY
7. NORTH AMERICA SOLAR PANEL RECYCLING MARKET – BY COUNTRY OUTLOOK
7.1. NORTH AMERICA
7.1.1. COUNTRY ANALYSIS
7.1.1.1. UNITED STATES
7.1.1.1.1. UNITED STATES SOLAR PANEL RECYCLING MARKET FORECAST &
PROSPECTS
7.1.1.2. CANADA
7.1.1.2.1. CANADA 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
TABLE 1: NORTH AMERICA 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: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY PROCESS,
2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE,
2024-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY TECHNOLOGY,
2024-2032 (IN $ MILLION)
TABLE 10: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED
(C-SI), 2024-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY THIN-FILM
BASED, 2024-2032 (IN $ MILLION)
TABLE 12: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY END-USER,
2024-2032 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: SUPPLY CHAIN ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY PROCESS, 2023
& 2032 (IN %)
FIGURE 5: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY THERMAL &
CHEMICAL, 2024-2032 (IN $ MILLION)
FIGURE 6: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY MECHANICAL,
2024-2032 (IN $ MILLION)
FIGURE 7: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY LASER, 2024-2032
(IN $ MILLION)
FIGURE 8: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY SHELF LIFE, 2023
& 2032 (IN %)
FIGURE 9: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY EARLY LOSS,
2024-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY NORMAL LOSS,
2024-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY TECHNOLOGY,
2023 & 2032 (IN %)
FIGURE 12: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED
(C-SI), 2024-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY SILICON-BASED
(C-SI), 2023 & 2032 (IN %)
FIGURE 14: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY
MONOCRYSTALLINE, 2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY
POLYCRYSTALLINE, 2024-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY THIN-FILM
BASED, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY THIN-FILM
BASED, 2023 & 2032 (IN %)
FIGURE 18: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY CADMIUM
TELLURIDE (CDTE), 2024-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY COPPER INDIUM
GALLIUM (DI)SELENIDE (CIGS), 2024-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY OTHER
TECHNOLOGIES, 2024-2032 (IN $ MILLION)
FIGURE 21: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY END-USER, 2023
& 2032 (IN %)
FIGURE 22: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY RESIDENTIAL,
2024-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY
COMMERCIAL/INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY UTILITY,
2024-2032 (IN $ MILLION)
FIGURE 25: NORTH AMERICA SOLAR PANEL RECYCLING MARKET, BY COUNTRY
OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: UNITED STATES SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $
MILLION)
FIGURE 27: CANADA SOLAR PANEL RECYCLING MARKET 2024-2032 (IN $ MILLION)