In a recent trend study conducted by ecoprog, it has been revealed that more than 100 plants dedicated to recycling solar panels are currently operational around the globe. Additionally, approximately 20 projects are in various stages of planning, indicating a growing interest in this sector.
The recycling of solar panels has emerged as one of the most promising markets in terms of potential growth. This growth is expected to be further accelerated in the coming years due to the global boom in photovoltaics.
The surge in photovoltaics is anticipated to result in a significant increase in waste volumes from 2030 onwards, with subsequent years experiencing exponential growth, according to forecasts.
At present, there are over 100 operational plants worldwide specifically designed for the recycling of solar panels. However, some of these plants are still in their pilot phase, and many are unable to operate profitably. A key factor contributing to this challenge is the global scarcity of photovoltaic waste available for material recycling. Market players face risks when investing in securing market shares, as the return on investment may still be years away.
Nevertheless, ecoprog's new trend report on photovoltaic recycling highlights approximately 20 plants in the project stage, signaling a positive outlook for the industry.
On a global scale, regional differences are observed in the competition within the sector. In Asia, e-scrap recyclers dominate the recycling of solar panels, whereas in Europe, the glass industry plays a more prominent role.