Solar Panel Recycling Market Size, Share By Technique 2024 - 2028

The solar panel recycling market is expected to grow by USD 798.8 million at a CAGR of 35.23% between 2023 and 2028. This growth is largely driven by the decreasing costs of solar photovoltaic (PV) systems and the rising investments in renewable energy. Leading players in the industry are fostering innovation through partnerships and advanced technologies.

However, challenges persist, such as the need for specialized processes to recycle materials like silicon and other components of solar panels. Additionally, the repurposing of used EV batteries for energy storage systems (ESS) offers a promising opportunity to expand the market and contribute to a more circular economy. Several companies are already exploring these synergies, highlighting the potential for collaboration between the solar and electric vehicle industries. As the solar energy sector continues to grow, driven by lower costs and increasing investments in renewable energy, the recycling market is positioned for significant expansion.