Photovoltaic Solar Power Recycling Market Expected to Generate 1,098,282 Tonnes of Waste by 2035

Research and Markets has announced the addition of GlobalData’s new report "Solar Module Recycling – A Necessary Step to Maximize Environmental Benefits of Solar PV Industry" to their offering.

The research provides an understanding of the PV recycling market by processes involved in the market. The research also provides forecast analysis of the global PV waste generated and recycled, globally. The report details the cost analysis of PV recycling process by technology such as c-Si, a-Si, CdTe and CIGS. The report also provides analysis on some of the major environmental benefits of PV recycling in the future.

Global Solar PV Market Grew 40% during 2000-2010

The global solar PV market has witnessed tremendous growth over the past decade, with cumulative installed capacity growing from 1,459 Megawatt (MW) in 2000 to 40,758 MW in the year 2010. This represented a Compound Annual Growth Rate (CAGR) of 40% during this period. This increase in installed capacity mainly came from increased installation activity in countries such as Germany, Italy, Czech Republic, France, the US and Japan. The prime reason for the remarkable growth of the global solar PV market has been the supportive mechanisms offered by governments across the world. The market stimulation packages that several governments have offered are expected to drive the growth of the industry in the coming decade.

With the annual number of solar Photovoltaics (PV) installations rising, there is a growing need for processing PV waste in the coming years. The waste generated by end-of-life modules in 2025 is expected to be approximately 24,855 tons. This waste is expected to further increase to 1,161,173 tons by 2035. Crystalline modules will account for the majority of solar PV waste generated during this period, rising from 19,475 tons of waste generated in 2025, to 1,098,282 tons by 2035. Against this backdrop, PV recycling will become an emerging market during these 15 years.