Solar Components Recycling Market Revenue to Attain USD 1,479.2 Bn by 2035

Published: 26 Feb 2026

Author: Precedence Research

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Solar Components Recycling Market Revenue and Trends 2026 to 2035

The global solar components recycling market revenue was valued at USD 368.19 billion in 2025 and is expected to attain around USD 1,479.2 billion by 2035, growing at a CAGR of 14.92% during forecast period.The market is majorly driven by the increasing volume of end-of-life photovoltaic modules, government regulations to support recyclability, strict rules against landfilling with wastage, and growing demand to recover valuables like silicon, copper, and silver.

What are the Driving Factors of the Solar Components Recycling Market?

One of the major factors driving the market is the rising volume of solar waste, the increasing need to recover valuable materials, and initiatives promoting environmental sustainability and a circular economy. Advances in thermal, mechanical, and chemical recycling technologies have improved material recovery efficiency and reduced waste. Additionally, the replacement of large-scale PV installations reaching the end of their lifespan is accelerating recycling activities, further driving global market growth.

Segment Insights

• By Component Type: The panels segment held the largest market share in 2025. This is because solar panels comprise the most substantial and valuable portion of end-of-life solar installations, containing recyclable materials like aluminum, glass, and silver.
• By Material: The glass segment dominated the market, holding the largest share in 2025. This is due to the widespread use of tempered glass in solar panel production, coupled with growing demand for advanced recycling solutions to efficiently separate glass from photovoltaic cells.
• By End User: The utility-scale segment held the largest market share in 2025, driven by the increasing adoption of solar energy by grid operators to generate clean electricity and supply it to end-users, making it a key driver for the market.

Regional Insights

Asia Pacific registered dominance in the solar components recycling market, holding the largest share in 2025, as it is considered a global hub for solar panel manufacturing due to the huge manufacturing rate of end-of-life panels. The region’s massive-scale installations, government regulations promoting sustainable energy, and initiatives supporting environmental safety are driving recycling adoption. Strict waste management policies and ongoing advancements in cost-effective recycling technologies further boost market growth in Asia Pacific.

North America is projected to grow at the fastest CAGR in the solar components recycling market due to the need to replace aging, early-installed photovoltaic cells, substantial government funding for infrastructure upgrades, and strong support for eco-friendly, renewable energy lifecycle initiatives. These factors are driving ongoing advancements in recycling solutions and boosting market expansion in the region.

Solar Components Recycling Market Coverage

Recent Development

• In February 2026, according to the report published by researchers at Hunan University, the world’s largest producer and consumer of solar energy, China will require an advanced recycling technology due to the aging infrastructure of 33 million tons of decommissioned PV modules. (Source: https://www.eurekalert.org)

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