Solar Panel Recycling By Process
| Label | Total | Monocrystalline | Polycrystalline | Thin Film |
|---|---|---|---|---|
| 2018 | 146.1 USD Mn | 76.4 USD Mn | 48.9 USD Mn | 20.8 USD Mn |
| 2019 | 158.6 USD Mn | 82.4 USD Mn | 52.6 USD Mn | 23.6 USD Mn |
| 2020 | 149.9 USD Mn | 77.4 USD Mn | 49.3 USD Mn | 23.2 USD Mn |
| 2021 | 163.4 USD Mn | 83.8 USD Mn | 53.2 USD Mn | 26.4 USD Mn |
| 2022 | 179.2 USD Mn | 91.3 USD Mn | 57.9 USD Mn | 30.1 USD Mn |
| 2023 | 197.5 USD Mn | 99.9 USD Mn | 63.2 USD Mn | 34.5 USD Mn |
| 2024 | 219.1 USD Mn | 110 USD Mn | 69.4 USD Mn | 39.6 USD Mn |
| 2025 | 244.3 USD Mn | 121.8 USD Mn | 76.7 USD Mn | 45.8 USD Mn |
| 2026 | 273.8 USD Mn | 135.6 USD Mn | 85.1 USD Mn | 53.1 USD Mn |
| 2027 | 308.9 USD Mn | 151.9 USD Mn | 95.1 USD Mn | 61.9 USD Mn |
| 2028 | 350.6 USD Mn | 171.2 USD Mn | 106.9 USD Mn | 72.5 USD Mn |
| 2029 | 401 USD Mn | 194.4 USD Mn | 121 USD Mn | 85.5 USD Mn |
| 2030 | 461.2 USD Mn | 222 USD Mn | 137.8 USD Mn | 101.4 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Solar Panel Recycling By TYPE 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): Monocrystalline leads, holding roughly 50% of segment value — the single largest regional share. Polycrystalline is the second-largest contributor. Thin Film make up the remainder, in descending order.
- By 2030, Monocrystalline alone is expected to reach USD 222 Mn, with Polycrystalline at USD 138 Mn.
Market Dynamics
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