Solar Panel Recycling Market Analysis 2020-2024 | Put up-Pandemic Market Impression Evaluation and Restoration | Technavio


LONDON–(BUSINESS WIRE) – According to Technavio, the solar module recycling market is expected to grow by $ 238.30 million in 2020-2024. The report provides a detailed analysis of the impact of the COVID-19 pandemic on the solar panel recycling market in optimistic, likely and pessimistic forecast scenarios.

Companies go through the phases of response, recovery, and renewal. Download a free sample report on COVID-19

The solar module recycling market will have a negative impact over the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-oriented market research, market growth is likely to increase compared to 2019.

As the novel coronavirus pandemic continues to spread, companies around the world are gradually smoothing their recession curve using technology. Many companies go through response, recovery, and renewal phases. Building business resilience and enabling agility will help organizations advance their way out of the COVID-19 crisis towards the next normal.

This post-pandemic business planning research will help clients:

  • Adjust your strategic planning to move forward once business stability sets in.
  • Build resilience Make effective resource and investment decisions for individual business areas, products and service lines.
  • Design scenario-based planning mitigate future crisis situations.

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Important considerations about market forecasting:

  • Effects of lockdowns, supply chain disruptions, destruction of demand and changes in customer behavior

  • Optimistic, likely and pessimistic scenarios for all markets in the wake of the effects of the pandemic

  • Market estimates before and after COVID-19

  • Quarterly impact analysis and update of market estimates

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The three most important market players for the recycling of solar modules:

Canadian Solar Inc.

Canadian Solar Inc. operates in various segments such as MSS and Energy. The company offers solar module recycling services that help reduce the ecological footprint of solar modules.

Dynamic life cycle innovations

Dynamic Lifecycle Innovations operates the business in various segments such as solar panel management, statutory recycling and product management, electronic recycling, disposition of IT resources, logistics, return and reverse logistics for consumers and mobility management. The company offers recycling of solar modules. The company properly collects, inventories, inspects, uses, and / or recycles solar panels.


EIKI SHOJI Co. Ltd. operates the business in various segments such as renewable energies, OA equipment and semiconductors. The company offers recycling services for solar modules.

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Solar Panel Recycling Market 2020-2024: Segmentation

The solar module recycling market is divided as follows:

  • product

  • geography

    • Europe

    • APAC

    • North America

    • MY

    • South America

The solar panel recycling market is being driven by the growth in solar panel installation. In addition, other factors such as the growth in R&D activity in solar panel recycling are expected to cause the solar panel recycling market to post a CAGR of over 28% over the forecast period.

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