GITNUX MARKETDATA REPORT 2024

Solar Panel Recycling Industry Statistics

The solar panel recycling industry is expected to experience significant growth as the demand for sustainable energy solutions increases, with a projected market size of $310 million by 2025.

Statistic 1

"Recycling solar PV modules could represent a $15 billion opportunity worldwide by 2050"

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Statistic 2

"The U.S. will have more than 60 million tons of PV waste by 2050"

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Statistic 3

"The total value of recoverable materials from end-of-life photovoltaic (PV) panels could exceed $15 billion by 2050"

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Statistic 4

"Almost 90% of a typical silicon PV module can be recycled"

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Statistic 5

"Only 5% of e-waste by weight comes from discarded solar panels"

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Statistic 6

"It may take up to a dollar amount in the double digits to recycle a single solar panel adequately"

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Statistic 7

"There will be a global waste volume of 78 million tons of solar panels by 2050"

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Statistic 8

"Solar PV waste volumes could total 30 tons annually by 2025"

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Statistic 9

"The forecasted weight of retired solar panels will exceed the weight of all discarded flat panel displays by 2031"

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Statistic 10

"The rate of growth for the solar panel recycling market is estimated to exceed 35% from 2020 to 2026"

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Statistic 11

"Only about 10% of the world's e-waste is properly recycled and the rest is dumped"

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Statistic 12

"Europe is a leading region in the global solar panel recycling management market"

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Statistic 13

"The cost of recycling a solar panel can be more than $20, while the revenue from recovered materials can be less than $4"

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Statistic 14

"The global solar panel recycling market size was USD 238.6 million in 2020"

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Statistic 15

"Thin-film panels, which contain hazardous materials, represent about a 5% market share"

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Statistic 16

"In 2020, the mechanical process segment dominated the solar panel recycling market with over 45% share"

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Statistic 17

"As of 2018, approximately 90% of solar panels were made of silicon"

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Statistic 18

"Less than 1% of solar panels globally are currently recycled"

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