Solar Panel Recycling By TYPE
| Label | Total | Thermal | Mechanical | Laser |
|---|---|---|---|---|
| 2018 | 146.1 USD Mn | 37.7 USD Mn | 91.7 USD Mn | 16.6 USD Mn |
| 2019 | 158.6 USD Mn | 41.2 USD Mn | 99.1 USD Mn | 18.4 USD Mn |
| 2020 | 149.9 USD Mn | 39.1 USD Mn | 93.1 USD Mn | 17.7 USD Mn |
| 2021 | 163.4 USD Mn | 42.8 USD Mn | 100.9 USD Mn | 19.7 USD Mn |
| 2022 | 179.2 USD Mn | 47.2 USD Mn | 110.1 USD Mn | 22 USD Mn |
| 2023 | 197.5 USD Mn | 52.2 USD Mn | 120.6 USD Mn | 24.7 USD Mn |
| 2024 | 219.1 USD Mn | 58.2 USD Mn | 133 USD Mn | 27.9 USD Mn |
| 2025 | 244.3 USD Mn | 65.2 USD Mn | 147.4 USD Mn | 31.7 USD Mn |
| 2026 | 273.8 USD Mn | 73.4 USD Mn | 164.3 USD Mn | 36.1 USD Mn |
| 2027 | 308.9 USD Mn | 83.2 USD Mn | 184.2 USD Mn | 41.4 USD Mn |
| 2028 | 350.6 USD Mn | 94.9 USD Mn | 207.9 USD Mn | 47.8 USD Mn |
| 2029 | 401 USD Mn | 109 USD Mn | 236.4 USD Mn | 55.6 USD Mn |
| 2030 | 461.2 USD Mn | 126 USD Mn | 270.3 USD Mn | 65 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Solar Panel Recycling By Process market is on a steady long-term growth path. Segment value stands at roughly USD 274 Mn in 2026 and is projected to reach USD 461 Mn by 2030 — a gain of about 68% over the forecast period, translating to a CAGR in the double digits.
- What the regional split looks like (2026): Mechanical leads, holding roughly 60% of segment value — the single largest regional share. Thermal is the second-largest contributor. Laser make up the remainder, in descending order.
- By 2030, Mechanical alone is expected to reach USD 270 Mn, with Thermal at USD 126 Mn.
Market Dynamics
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