Market Executive Summary

The global market for Used Solar Panels was estimated to be worth US$ 7562 million in 2024 and is forecast to a readjusted size of US$ 10710 million by 2031 with a CAGR of 5.1% during the forecast period 2025-2031.

Growth Drivers for the Used Solar Panels Market

1. Rising Demand for Affordable Solar Energy Solutions

As the cost of new solar installations remains high, used solar panels offer an attractive alternative for homeowners, small businesses, and rural electrification projects. With proper testing and refurbishment, these panels provide significant savings while maintaining reliable performance.

2. Environmental Benefits and Circular Economy Initiatives

Second-hand solar panels support sustainability goals by reducing e-waste, lowering resource consumption, and promoting reuse. As global climate awareness rises, consumers and companies alike are turning to reused components to align with eco-conscious values.

3. Supportive Regulations and Incentives for Renewable Energy

Governments worldwide are introducing policies and tax incentives that indirectly support the second-hand solar market by encouraging solar adoption overall. In regions with high solar penetration, panel turnover is creating a steady supply of viable used units.

Second-hand solar panels refer to those solar panels that have been used for a period of time and are being sold for reasons such as upgrading. Compared with new solar panels, second-hand solar panels are more affordable and can help buyers save costs. After professional testing and maintenance, the performance and life of these panels can also be guaranteed to a certain extent. Buying second-hand solar panels can not only reduce resource waste and environmental pollution, but also embody the concept of environmental protection and energy saving.

North American market for Used Solar Panels was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Used Solar Panels was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Used Solar Panels was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The global key companies of Used Solar Panels include HBOWA, SanTan Solar, Sunhub, ShopSolar, SecondSol, Used-solarpanels, Sell Used Solar Panels, A1 SolarStore, EcoDirect, TradeWheel, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive presentation of the global market for Used Solar Panels, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Used Solar Panels by region & country, by Type, and by Application.

The Used Solar Panels market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Used Solar Panels.

Global Used Solar Panels Companies Covered

HBOWA, SanTan Solar, Sunhub, ShopSolar, SecondSol, Used-solarpanels, Sell Used Solar Panels, A1 SolarStore, EcoDirect, TradeWheel, EquipNet

Global Used Solar Panels Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Used Solar Panels Market, Segment by Type

200W

300W

400W

550W

Others

Global Used Solar Panels Market, Segment by Application

Photovoltaic Power Station

Commercial

Household

Others

Recent Developments in the Used Solar Panels Market

1. Growth of Online Marketplaces for Pre-Owned Panels

Platforms like SanTan Solar, ShopSolar, and TradeWheel are making it easier for customers to buy and sell used solar panels online. These platforms often offer certifications, warranties, and inspection services—boosting consumer trust and market expansion.

2. Increased Adoption in Emerging Markets

Countries across Africa, Southeast Asia, and South America are adopting used solar panels to accelerate electrification in off-grid and underserved areas. The lower upfront cost makes them ideal for community-based solar installations.

3. Innovation in Testing and Refurbishment Techniques

Manufacturers and resellers are investing in better diagnostic tools and refurbishment processes to ensure used panels meet performance and safety standards. This enhances resale value and extends the panel lifecycle.

Market Trends for the Used Solar Panels Market

1. Surge in Demand for Mid-Wattage Panels (300W–400W)

Panels in the 300W to 400W range strike a balance between affordability and output, making them highly popular in residential and small-scale commercial use. This segment is expected to dominate volume-wise over the next few years.

2. Household Sector Gaining Momentum

While photovoltaic power stations remain key users, residential customers are emerging as a significant demand driver due to rising utility costs and greater awareness of DIY solar setups using second-hand panels.

3. Asia-Pacific Emerging as a Major Supplier and Consumer

With a strong solar manufacturing base and growing renewable energy needs, countries like China, India, and Southeast Asian nations are both sourcing and using a substantial share of global second-hand panels.

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Used Solar Panels manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of Used Solar Panels in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Used Solar Panels in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

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