Solar Panel Recycling Industry Sector Size to hit US$ 419.6 million by 2031: Forecasting to GCC and MENA | Echo Environmental, Silicontel ltd, Cleanlites, Rinovasol Group, SMA Solar Technology

Global Solar Panel Recycling Market reached US$ 155.5 million in 2023 and is expected to reach US$ 419.6 million by 2031, growing with a CAGR of 13.3% during the forecast period 2024-2031.

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United States: Recent Industry Developments

✅ September 2025: First Solar launched a large-scale solar panel recycling facility in Arizona, focusing on recovering critical materials like silicon and silver.

✅ July 2025: The U.S. Department of Energy initiated grants to support innovative recycling technologies aiming to reduce e-waste from retired solar panels.

✅ November 2024: Legislation passed to mandate solar panel recycling programs to improve sustainability and reduce landfill waste.

GCC: Recent Industry Developments

✅ September 2025: Masdar partnered with regional recyclers in UAE to establish end-of-life solar panel processing plants aligned with circular economy goals.

✅ June 2025: Saudi Arabia announced pilot projects integrating solar recycling technologies to support its Vision 2030 sustainability targets.

✅ November 2024: Policy frameworks were introduced to encourage investment in solar waste management infrastructure across GCC countries.

MENA: Recent Industry Developments

✅ September 2025: Egypt launched an initiative to develop solar panel recycling centers to boost clean energy deployment and environmental safety.

✅ July 2025: Morocco expanded its renewable energy waste management regulations to include mandatory recycling for solar panels.

✅ November 2024: Collaborative efforts between MENA governments and private sectors aimed at fostering solar panel lifecycle management and recycling awareness.

Major Growing Players:

Recycle Solar Technologies, Silcontel, First Solar, Veolia, Reclaim PV, Echo Environmental, Silicontel ltd, Cleanlites, Rinovasol Group, SMA Solar Technology.

Latest M&A

1. SOLAR MATERIALS €12.2M Series A (Jun 2024, active 2025): Builds Magdeburg industrial plant (10K tons/year, May 2025); blueprint for international rollout.​

2. Beyond Renewables ₹50M pre-seed (Oct 2025): Led by Momentum Capital; Rajasthan facility, 95% recovery (silver/silicon).​

3. Partnerships: SOLARCYCLE-RWE/Canadian Solar/Runergy (2024-25); ROSI-Waste Experts/CEF UK (Mar 2025

Forecast Projection:

The Global Solar Panel Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Global Solar Panel Recycling Market report is built on solid intelligence - powered by both primary and secondary research. Our analysts have deep-dived into every factor that can influence your business roadmap, including government regulations, competitive landscape, tech innovations, historical market behavior, upcoming breakthroughs, adjacent industry trends, market volatility, growth prospects, and potential risks.

Government Regulations

1. India: CPCB draft guidelines (Jun 4, 2025, comments Jun 25): EPR registration, annual returns, collection centers, dismantler/recycler standards (CTO under Water/Air Acts); bulk consumers store safely.​

2. EU: WEEE Directive mandates e-waste recycling; design laws (Jul 2025) ensure PV recyclability.​

3. Global: IRENA/Circular economy incentives; US state EPR (CA/WA)

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Key Segments:

By Process: (Mechanical, Laser, Thermal)

By Panel: (Monocrystalline Silicon, Polycrystalline, Thin-Film, Amorphous)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: sets the stage by defining the full scope of the report and delivering an executive summary of key market segments across regions, product types, and applications. It provides a comprehensive snapshot of current market sizes and reveals future growth potential, offering a clear vision of how the market will evolve in the short, mid, and long term.

Chapter 2: uncovers critical insights and highlights the most impactful emerging trends shaping the Solar Panel Recycling market's future - essential knowledge for investors and strategists looking to stay ahead.

Chapter 3: dives deep into the competitive landscape, delivering an in-depth analysis of Solar Panel Recycling manufacturers. It covers market share dynamics, strategic developments, and the latest mergers and acquisitions that are redefining the industry.

Chapter 4: profiles the market's leading players, offering detailed views of their revenue streams, profit margins, product portfolios, and recent innovations - arming you with the intel to benchmark and strategize effectively.

Chapters 5 & 6: break down revenue performance by region and country, providing a quantitative analysis that spotlights growth hotspots, development prospects, and the unique opportunities each market offers across the globe.

Chapter 7: explores market segmentation by type, revealing the size and untapped potential of each segment - guiding you toward lucrative "blue ocean" opportunities that competitors may have overlooked.

Chapter 8: analyzes the market by application, evaluating downstream sectors with the highest growth potential and identifying promising areas for expansion and investment.

Chapter 9: maps the entire industry supply chain, tracing upstream suppliers to downstream distributors, giving you full visibility into critical business linkages and value drivers.

Chapter 10: wraps up with a powerful summary of the report's key findings and strategic takeaways, delivering the must-know insights every industry stakeholder needs to make confident, forward-looking decisions.

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New Investments & Projects

1. India: CEEW projects ₹3,700Cr market (2047), 299 facilities (3.6K TPA each); NISE-Attero partnership; Rajasthan/Beyond facilities.​

2. Europe: SOLAR MATERIALS Magdeburg (10K tons, May 2025), southern Germany site (2025).​

3. Global: RWE/SOLARCYCLE (May 2025), ROSI UK partnership (Mar 2025).

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