Solar Panel Recycling Market

The solar panel recycling market is projected to reach USD 931 million by 2029, at a CAGR of 19.3% from USD 385 million in 2024. The market growth is driven by the increasing value of recycled materials due to market demand along with the increasing electronic waste and landfills and the growing need for recycling and reuse of raw materials that can be recovered from solar panel recycling.

Solar Panel Recycling Companies

The key players in this market are First Solar (US), Reiling GmbH & Co.KG (Germany), The Retrofit Companies, Inc.  (US), Rinovasol Global Services B. V. (Netherlands), We Recycle Solar (US), ROSI (France), SILCONTEL LTD (Israel), Etavolt Pte. Ltd. (Singapore), PV Industries Pty Ltd (Australia), SOLARCYCLE, Inc. (US), etc. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

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First Solar

First Solar is a prominent American solar technology company renowned for its global provision of photovoltaic (PV) solar energy solutions. Renowned for its innovation, its PV solar modules are developed within cutting-edge research and development (R&D) labs located in California and Ohio. These modules boast advanced thin-film semiconductor technology, offering high performance and serving as a lower-carbon alternative to conventional crystalline silicon PV solar modules.

From inception to disposal, First Solar is dedicated to minimizing environmental impacts and enhancing the social and economic benefits of its products across their entire life cycle. As the largest thin-film PV solar module manufacturer worldwide and the largest in the Western Hemisphere, the company operates across two primary segments: Modules and Others.

With a workforce of approximately 6,700 employees as of December 31, 2023, the majority of whom are based in the United States, Malaysia, Vietnam, and India, First Solar maintains a global presence across various regions including North America, South America, Asia-Pacific, Africa, and Europe.

Reiling GmbH & Co. KG

As a family-run recycling business with a rich history spanning over a century, their company is deeply rooted in the mission of environmental stewardship and resource conservation. With their extensive experience and dedication, they specialize in the recycling of a wide range of materials, including glass, plastic, wood, and photovoltaic modules. Their commitment extends beyond mere waste management; they aim to establish a sustainable and efficient recycling loop that minimizes environmental impact and promotes circular economy principles.

Through strategic partnerships with various stakeholders such as trade, commerce, industry, municipalities, and dual recycling systems, they provide end-to-end support throughout the recycling process. From the collection and transportation of recyclable materials to their processing and the supply of high-quality recyclates, they ensure comprehensive solutions tailored to their clients' needs.
With innovative technologies and their expertise, they continuously develop new recovery and recycling solutions, aiming to optimize the exploitation chain and maximize industrial value creation. Operating from 12 locations in Germany and 6 international sites, they are among the most versatile recycling groups in Europe.

The Retrofit Companies, Inc.

Established since March 1992, The Retrofit Companies, Inc. is a certified Woman-Owned small business operating from locations in Owatonna and Little Canada, MN. Their expertise spans across Lighting, Design, Electrical Contracting Services, Environmental Services, and Recycling for Businesses. Catering to clients in both the Public and Private sectors across Minnesota, the Upper Midwest, the United States, Canada, and even South Korea. Retrofit Environmental segment is the one which encompasses solar panel recycling.  The company's solar recycling program serves a diverse range of industries including Manufacturing, Construction & Contractors, Government & Utilities, Education, Commercial Real Estate, Retail, Food Production & Processing, Senior/Memory Care, Recycling Centers & Landfills, City/County Municipalities, Agriculture, and Restaurants.

Rinovasol Global Services B. V.

Rinovasol Global Services B.V. is a trusted partner when installed solar modules no longer perform optimally. As a partner of leading solar manufacturers, they specialize in providing solutions for handling warranty claims. Collaborating with insurers, they implement innovative coverage concepts for the solar market. Their flexible approach ensures the best possible support for their customers.

Their services encompass various aspects, including the purchase of used solar modules, examination and expert activities, repair of solar modules for most damage scenarios, and recycling of end-of-life modules in compliance with country-specific requirements and laws.

Additionally, they offer purchase and sale services for used modules and ensure that their plants are fully certified and approved as primary treatment facilities for electrical scrap according to WEEE regulations. Committed to data protection, we adhere to the latest regulations. With their global expertise, they cover a wide range of business fields including PV panels, inverters, batteries, and electronic waste.

We Recycle Solar

We Recycle Solar revolutionizes photovoltaic device lifecycle management by leveraging decades of experience in asset recovery and electronics recycling. Serving as a comprehensive disposal solution, we specialize in handling excess, recalled, and end-of-life solar products, including panels and energy storage systems. Proudly collaborating with leading utilities, O&M professionals, manufacturers, and contractors nationwide, We Recycle Solar delivers customized solutions tailored to meet every need and budget. With a global presence spanning North America, Asia, and Europe, their value recovery operations cover four countries. Each of our facilities has the capacity to process up to 100,000 pounds of equipment daily, ensuring efficient and sustainable handling of solar products on a large scale.

Related Reports:

Solar Panel Recycling Market by Type (Monocrystalline, Polycrystalline, Thin Film), Process (Thermal, Chemical, Mechanical, Laser, Combination), Shelf Life (Early Loss, Normal Loss), Material (Metal, Glass, Plastic, Silicone) - Global Forecast to 2029

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