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Solar Panel Recycling Market projected to grow by USD 798.8 million (2024-2028), driven by lower solar PV costs and AI’s influence on trends

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NEW YORK, Sept. 26, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global solar panel recycling market size is estimated to grow by USD 798.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 35.23%  during the forecast period. Reduction in costs of solar pv systems is driving market growth, with a trend towards increasing investment in renewable energy sources. However, challenges associated with product characteristics  poses a challenge. Key market players include Aurubis AG, Canadian Solar Inc., Cleanites Recycling, ENVARIS GmbH, First Solar Inc., NPC Inc., Reclaim PV Recycling Pty Ltd., Recycle Solar Technologies Ltd., Reiling GmbH and Co. KG, Rinovasol Global Services BV, SiC Processing GmbH, SILCONTEL Ltd., Silrec Corp., Solarcycle Inc., SunPower Corp., The Activ Group Solutions Pty Ltd, Trina Solar Co. Ltd., Veolia Environnement SA, We Recycle Solar, and Yingli Green Energy Holding Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Solar Panel Recycling Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 35.23%

Market growth 2024-2028

USD 798.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

27.56

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

Germany, Japan, US, Italy, and China

Key companies profiled

Aurubis AG, Canadian Solar Inc., Cleanites Recycling, ENVARIS GmbH, First Solar Inc., NPC Inc., Reclaim PV Recycling Pty Ltd., Recycle Solar Technologies Ltd., Reiling GmbH and Co. KG, Rinovasol Global Services BV, SiC Processing GmbH, SILCONTEL Ltd., Silrec Corp., Solarcycle Inc., SunPower Corp., The Activ Group Solutions Pty Ltd, Trina Solar Co. Ltd., Veolia Environnement SA, We Recycle Solar, and Yingli Green Energy Holding Co. Ltd.

Market Driver

The global shift towards renewable energy sources, driven by sustainability and carbon reduction goals, has led to a substantial increase in the adoption of solar PV and wind power. Renewables are poised to make a significant impact on the energy mix, with the International Energy Agency predicting an annual global energy investment of USD 1.7 trillion by 2023. This investment growth will finance distributed solar PV projects and energy efficiency initiatives. Consequently, the rise in solar PV installations will generate solar panel waste, fueling the growth of the global solar panel recycling market. 

Solar panel recycling is a growing trend in the renewable sector as the number of discarded solar panels increases. Solar panels, a key component of the energy industry, contain valuable materials like lead, cadmium, plastics, and glass. Three main processes – thermal, mechanical, and laser – are used for recycling. Lead and cadmium are extracted through thermal processes, while mechanical and laser processes handle plastics and glass. Environmental concerns and human health risks from solar panel waste are driving the need for recycling. Regulations are emerging to reduce carbon footprints and minimize environmental pollution. Crystalline silicon and thin film solar modules are the main types of panels being recycled. Companies like Aurubis AG, Canadian Solar, Echo Environmental, LLC, Envaris GmbH, First Solar, Hanwha Group, Reiling GmbH & Co, Silrec Corporation, SunPower Corporation, Trina Solar, Yingli Energy Co, Zorlu Holding, Rinovasol Group, ECS Refining, LLC, SiC Processing GmbH, Hanwha Q Cells, Hyundai, ESS, and competitors are leading the way. Spent EV batteries and energy storage systems are also being recycled. The market for solar panel recycling is expected to grow as the world transitions to renewable energy. 

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Market Challenges

Solar PV panel recycling presents unique challenges due to the materials used in their composition. While glass is the major component, solar panels also contain hazardous substances like cadmium, lead, and silver. These chemicals cannot be extracted without damaging the entire panel, making the recycling process complex. Chemical and thermal methods are employed to recover high-value materials, but the glass’s low salvage value and impurities pose challenges. The increasing use of organic solar PV panels with less glass and more polymers further reduces incentives for recyclers. Commercial recycling companies require specialized training to efficiently extract valuable materials, and organizations like the US SEIA offer training programs. Despite these efforts, the complexities of solar PV panel recycling hinder market growth in the forecasted period.The Solar Panel Recycling Market is gaining momentum due to increasing regulations on solar waste disposal and the need to reduce carbon footprints. The process of recycling solar panels involves extracting valuable materials like crystalline silicon and thin film from solar modules and solar cells. Companies like Aurubis AG, Canadian Solar, Echo Environmental LLC, Envaris GmbH, First Solar, Hanwha Group, Reiling GmbH & Co, Silrec Corporation, SunPower Corporation, Trina Solar, Yingli Energy Co, Zorlu Holding, Rinovasol Group, ECS Refining LLC, and SiC Processing GmbH are key players in this market. Challenges include complex regulations and the high cost of processing. However, growth prospects are promising with the increasing demand for recycling spent solar panels, batteries from Electric Vehicles (EVs), and the production of energy storage systems (ESS). Competitors like Hanwha Q Cells, Hyundai, and ESS are also entering the market. The market includes solar modules, solar cells, solar panel sector, crystalline silicon type, standalone PV systems, telecommunication & signaling towers, and batteries.

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Segment Overview 

This solar panel recycling market report extensively covers market segmentation by  

Product 1.1 Crystalline1.2 Thin filmType 2.1 Thermal2.2 Mechanical2.3 LaserGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Crystalline-  Crystalline photovoltaic (PV) panels, the most widely used type in the solar PV market, are manufactured using monocrystalline and polycrystalline silicon. Monocrystalline panels, made from single crystal silicon, offer higher efficiency due to the unobstructed flow of electrons. In contrast, polycrystalline panels, formed from multiple silicon crystals, have lower efficiency but are more cost-effective. Both types consist of additional components, such as glass, aluminum, and copper, which can be recovered through mechanical processes, yielding around 85% by mass. However, high impurities in the recovered materials may reduce their resale value. Recycling advancements include metal frame and terminal box removal, elimination of the encapsulant, and metal recovery from the silicon cell. The crystalline PV panel recycling market is expected to expand due to the growing adoption of these efficient and reliable panels.

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Research Analysis

Solar panel recycling is an essential aspect of the renewable energy industry as the number of solar panels reaching their end-of-life increases. Solar panels consist of various materials, including crystalline silicon, thin film, lead, cadmium, plastics, and glass. Recycling processes include thermal, mechanical, and laser methods to extract and recover these valuable resources. The environment and human health are significant concerns as improper disposal of solar panel waste can lead to environmental pollution and carbon footprints. Regulations are being implemented to address this issue, with companies exploring partnerships to develop efficient and cost-effective recycling solutions. The energy industry and renewable sector recognize the importance of solar panel recycling in reducing waste and minimizing the environmental impact. Spent EV batteries and energy storage systems are also being considered for recycling using similar processes.

Market Research Overview

Solar panel recycling is an essential process to address the growing issue of solar panel waste. Solar panels, a crucial component of the renewable sector, consist of crystalline silicon and thin film types, containing valuable materials like lead, cadmium, plastics, glass, and metals. Recycling methods include thermal, mechanical, and laser processes to extract these resources. The environmental and human health benefits, as well as reducing carbon footprints, are significant. Regulations are increasingly important in this sector, with LAMEA leading the way in solar panel recycling. Companies like Aurubis AG, Canadian Solar, Echo Environmental LLC, Envaris GmbH, First Solar, Hanwha Group, Reiling GmbH & Co, Silrec Corporation, SunPower Corporation, Trina Solar, Yingli Energy Co, Zorlu Holding, Rinovasol Group, ECS Refining LLC, and SiC Processing GmbH are key players in this market. Growth prospects are promising as solar modules, solar cells, spent EV batteries, energy storage systems, and solar panel sector waste continue to accumulate. Competitors in the batteries sector, such as Hyundai and ESS, are also entering the market. The recycling of solar panels not only benefits the environment but also reduces the need for raw materials, making it a crucial part of the energy industry’s circular economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCrystallineThin FilmTypeThermalMechanicalLaserGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Juliettdate Launches Drafts Feature to Ensure More Seamless Communication for Users

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Juliettdate, an online dating platform, has introduced a new feature called Drafts to improve communication on its dating platform.

TALLINN, Estonia, Dec. 21, 2024 /PRNewswire-PRWeb/ — Picture this: you’ve found an interesting match on a dating website, your conversation flows, and messages fly back and forth as you dive into an engaging discussion. Then, a technical glitch happens — your browser crashes, or you accidentally close the chat. Suddenly, the message you were crafting is gone, and you can’t quite remember what you wanted to say.

To make sure moments like this don’t disrupt your conversations, Juliettdate has introduced the Drafts feature. This handy addition allows users to save unsent or incomplete messages for up to 30 days. You can revisit, edit, and send your drafts at any time during this period.

How Draft Feature on Juliettdate Works

Messages are automatically saved as drafts every few seconds, requiring no action from the user. No matter if you’re composing a thoughtful reply or managing multiple conversations on the go, your progress remains securely saved.Drafts are synced across the platform’s web and mobile versions, allowing users to pick up right where they left off, whether on their phone or desktop.After 30 days, messages that haven’t been acted upon will be automatically removed.

The idea for the Drafts feature came straight from user feedback. Many shared how frustrating it was to lose messages mid-conversation, especially when the dialogue was meaningful. With this feature, Juliettdate users can stay connected and maintain the rhythm of their chats without worrying about interruptions or lost words.

The Drafts feature is just one of many ways Juliettdate works to improve the platform. In 2024, the company conducted over 120 product tests to improve the functionality and usability of its dating platform.

Along with working on user functionality, Juliettdate is constantly enhancing the security of its site by leveraging different measures. For instance, the platform has incorporated a patented AI anti-fraud solution that swiftly detects fraudulent activities, ensuring a safer environment for users. Additionally, Juliettdate employs robust moderation systems to identify and remove fraudulent accounts and unwanted content, further protecting its community.

About Juliettdate

Juliettdate is an online dating platform that connects those interested in meaningful relationships. It provides a space for users to chat and build connections with people from different countries.

Media Contact

Olive Parra, Juliettdate, 1 888 234-6786, smm@juliettdate.com, https://juliettdate.com/

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SCANable Strengthens Existing West Coast Presence with Additional Cutting-Edge Mobile 3D and 4D Scanning Services

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SCANable has expanded its West Coast operations based in Burbank, California, offering fully mobile 3D and 4D scanning studios equipped to meet the fast-paced demands of modern productions. With industry-experienced professionals and the latest scanning technology, SCANable ensures availability and efficiency by delivering high-quality digital and virtual assets directly on location, even in challenging conditions.

BURBANK, Calif., Dec. 21, 2024 /PRNewswire-PRWeb/ — SCANable, the leading US-based 3D and 4D scanning studio, proudly announces the expansion of its West Coast operations based in Burbank, California — the heart of the largest film and television studios on the West Coast. This expansion supports the rapid number of productions returning to California. This strategic location underscores SCANable’s commitment to delivering exceptional scanning services to the film, television, and video game industries.

Our number one talent is availability. We are ready anywhere, anytime, with the latest scanning technology and expertise. Our in-house team of industry professionals excels at last-minute requirements and challenging conditions.

As the film industry continues to evolve, the importance of supporting US-based crews and businesses has never been greater. Keeping work in the country ensures that local talent and productions thrive, preserving the quality and integrity of visual storytelling. SCANable contributes to this mission by ensuring that all scan processing is performed in-state, allowing productions to apply 100% of their scanning budget toward their state tax credits and keeping valuable work within the country.

SCANable’s highly experienced team, with a combined 100 years in 3D and 4D scanning, has contributed to hundreds of feature films, premium episodic series, video games, music videos, and commercials. SCANable empowers visual storytelling by capturing and creating hyper-realistic digital assets, allowing visual effects studios and creative teams to tell more believable stories and achieve seamless and immersive experiences.

Mobile Photogrammetry Studios: Unmatched Agility and Speed:

SCANable’s ultra-portable, self-contained Mobile Photogrammetry Studios (MoPho Studios) set the industry standard for efficiency and adaptability. These mobile studios can be deployed to challenging locations and be fully operational within 30 minutes, minimizing the impact on each production’s already hectic planning and coordination efforts, even in the most demanding environments.

In a time when talent’s time is more precious than ever, the days of sending an actor to a dedicated facility are nearly impossible. SCANable’s mobile studios can literally park within steps of the actors, ready to capture full-body scans in a fraction of a second and complete Facial Action Coding System (FACS) sessions in under 30 minutes. Each studio is also equipped with One-Light-At-a-Time (OLAT) and volumetric multi-camera capture array capabilities, ensuring that productions receive the highest quality scans and reference footage with unparalleled efficiency.

Industry-Leading Services and Expertise:

SCANable’s extensive suite of scanning services continues to be available across the West Coast and nationwide. As an approved vendor for all major film studios—including Disney, Marvel, Netflix, Amazon, Universal, Sony, Twentieth Century Fox, and Paramount—SCANable is trusted to deliver unparalleled quality and precision.

Nationwide, SCANable Offers:

Character Scanning4D Volumetric CapturePhotometric ScanningAerial LiDAR/PhotogrammetryTerrestrial LiDAR ScanningLarge Environment CaptureProp ScanningWardrobe-Fitting ScanningCostume ScanningAccurate Lifesize Mannequin 3D PrintsMachine Learning Multi-Camera CaptureGaussian Splat/NeRF Capture and Processing

Expanding Boundaries in Aerial and Environmental Scanning:

SCANable’s aerial scanning team has captured thousands of acres across the United States, including controlled and highly restricted locations that many drone operators cannot access. This experience allows SCANable to provide ultra-high-resolution 3D models and Gaussian Splats for use in traditional visual effects pipelines, as well as Virtual Production and LED Volume Stages, pushing the boundaries of what’s possible in immersive environments.

Quality, Experience, and US-Based Craftsmanship:

Focusing on quality and committing to US-based talent and processing, SCANable helps productions maximize their budgets and benefit from valuable tax credits. This dedication ensures that the industry’s most demanding projects receive the precision and reliability they deserve. From iconic Hollywood productions to state-of-the-art video game development, SCANable’s expertise supports the creation of seamless, invisible visual effects that elevate storytelling.

“Our number one talent is availability. We pride ourselves on being ready anywhere, anytime, with the latest scanning technology on hand. Our amazing team of industry professionals excel at handling last-minute requirements and challenging conditions—whether it’s tight schedules, less-than-ideal lighting, or complex subjects. We’re great at what we do, but it’s all about showing up and delivering when productions need us most,” said Travis Reinke, Founder and CEO of SCANable.

About SCANable:

SCANable, founded in 2012, is a US-based company specializing in 3D and 4D scanning services for film, television, video games, and virtual production. With locations in California, Georgia, New York, and Texas, SCANable delivers unmatched expertise and quality, bringing productions to life through cutting-edge scanning technologies.

For more information, visit www.scanable.com or contact pr@scanable.com. Check out SCANable’s latest promotional video here.

Media Contact

Ty Taylor, SCANable, 1 (877) 899-2931, pr@scanable.com, www.scanable.com

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The Sociable Society Welcomes Sydney Snelten, Jess Golden, and Dayna Ashame to Strengthen Leadership in Creator Growth and Management

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Sydney Snelten, Jess Golden, and Dayna Ashame Join The Sociable Society to Elevate Creator Management Excellence

LOS ANGELES, Dec. 21, 2024 /PRNewswire-PRWeb/ — The Sociable Society (TSS), a leading influencer marketing and creator management agency, is thrilled to announce the appointment of Sydney Snelten as Head of the Creator Growth Division, alongside the additions of Jess Golden and Dayna Ashame to lead the Creator Management Division. These strategic hires signal a new chapter of innovation and excellence for TSS as it continues to scale its operations and empower creators worldwide.

Sydney Snelten, a seasoned affiliate marketing expert with a decade of experience, joins TSS after a distinguished career at LTK (formerly rewardStyle and LIKEtoKNOW.it). Sydney has been a trusted collaborator of TSS for over five years, earning a reputation for her visionary approach to creator development and deep industry knowledge.

“We’re honored to welcome Jess, Dayna, and Sydney” shared Co-Founder Emily Fonda. “Their experience, collaborative nature, and creator industry passion perfectly aligns with our cultural pillars of being a creator-first, relationship driven creator agency — we’re excited to see their contributions.”

As Head of the Creator Growth Division, Sydney will oversee initiatives to expand revenue opportunities, enhance affiliate marketing strategies, and drive sustainable growth for TSS’s creator community. Her expertise in affiliate-driven content and her track record of building long-term success for creators make her the perfect leader to spearhead this new division.

“Joining The Sociable Society is an incredible milestone,” said Sydney Snelten. “I’ve long admired TSS’s innovative approach and its commitment to creators. Having witnessed the power of affiliate marketing to transform the creator economy, I’m excited to help TSS talent unlock new growth opportunities and shape the future of the industry.”

Jay Kent-Hume, Co-Founder of TSS, expressed his excitement about Sydney’s appointment:

“Sydney’s unparalleled expertise and passion for creator success have been evident throughout her career. Her leadership will be instrumental as we continue to evolve and elevate the value we provide to creators. We’re honored to have her onboard to lead this transformative division.”

Joining Sydney in expanding TSS’s leadership team are Jess Golden and Dayna Ashame, two seasoned professionals with extensive experience in talent management and digital marketing.

Jess Golden, formerly Director of Talent Management at Kensington Grey, steps into the role of Head of Creator Management. Renowned for her commitment to inclusive partnerships and fostering opportunities for underrepresented creators, Jess brings a proven track record of securing high-profile collaborations with brands such as Dior Beauty, Tiffany & Co., and AMEX.

“I’m honored to join TSS and contribute to its mission of empowering creators,” said Jess Golden. “I look forward to building impactful, inclusive campaigns and forging authentic connections that amplify the voices shaping the creator economy.”

Dayna Ashame joins TSS as Senior Creator Manager, bringing nearly a decade of experience in digital marketing and campaign management. At Kensington Grey, Dayna led high-impact collaborations with Target, Amazon’s The Drop, and luxury events with Pandora. In her new role, she will focus on elevating talent brands, building customized growth strategies, and securing high-value partnerships with top-tier brands.

“This is an exciting opportunity to work with such a passionate and talented team,” said Dayna Ashame. “I’m eager to help diversify TSS’s exceptional roster and drive meaningful collaborations that make a lasting impact.”

Emily Fonda, Co-Founder of TSS, praised the new additions:

“Sydney, Jess, and Dayna bring unparalleled expertise, collaborative spirit, and passion for the creator economy. Their leadership perfectly aligns with our vision as a creator-first agency, and we’re excited to see the incredible impact they will make on our continued growth and success.”

About The Sociable Society

Founded in 2015, The Sociable Society is a premier influencer marketing and creator management agency. TSS connects brands with top-tier creators through innovative strategies and authentic engagement. Over the past year, TSS has doubled its talent roster, managing over 200 creators who see an average revenue growth of 220% in their first year. The agency’s expertise spans brand partnerships, affiliate marketing, and custom-tailored creator growth services. For more information, visit www.thesociablesociety.com.

Media Contact

Emily Fonda, The Sociable Society, 1 310-529-0380, emily@thesociablesociety.com, https://thesociablesociety.com/

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