Landfill Gas Market

Landfill Gas Market

New York, September 2023: According to a new research study by Global Insight Services (GIS), the Landfill Gas Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 3.2 billion by 2032.

Landfill gas is a type of biogas, which is produced by the decomposition of organic matter in landfills. The gas is comprised of approximately 50-60% methane, 30-40% carbon dioxide, and trace amounts of other gases such as nitrogen, oxygen, and hydrogen sulfide. Methane is the primary component of natural gas and is a potent greenhouse gas. Landfill gas can be used as a renewable energy source. When the gas is captured and burned, it produces electricity and heat. The methane in the gas can also be converted into other useful products such as transportation fuels. Landfill gas can be a significant source of air pollution if it is not properly managed. Methane is a potent greenhouse gas that contributes to climate change, and the other gases in the gas can be harmful to human health.

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Global Landfill Gas Market: Market Drivers and Trends

Rising environmental awareness is driving the market expansion globally. Hazardous gases in the environment can contribute to greenhouse gas emissions entering the atmosphere. LFG safeguards the environment from these detrimental effects while also providing natural and cost-effective energy sources. Growing environmental consciousness has resulted in greater investment from both the public and private sectors in the construction of such power facilities. For example, Pittsburg-based RNG LLC initiated LFG projects in Missouri and Virginia in 2021.

Additionally, an increase in the usage landfill gas as vehicle fuel is going to boost the market growth in the coming years. The rising expense of petrol and diesel presents a big potential for renewable and compressed natural gas substitutes. These gases can be converted to renewable natural gas by treatment techniques that increase methane content while decreasing carbon dioxide, oxygen, and nitrogen concentration. Renewable natural gas (RNG) can replace conventional natural gas, compressed natural gas, or liquefied natural gas. These gases can also be utilised in compressed natural gas cars without requiring any engine or fuel system changes. These drivers are likely to propel market expansion.

Global Landfill Gas Market: Market Restraints and Challenges

The large initial investment required to maintain the optimal moisture level for organic waste breakdown is projected to stymie industry expansion. A decrease in moisture level has a substantial impact on the biological processes involved in the creation of the gas mixture. On the contrary, the increased usage of landfill gas and the quantity of solid waste are likely to provide profitable prospects for the market’s leading participants. Furthermore, landfill gas may contaminate soil and water, and methane gas created during decomposition can cause a variety of difficulties. The issues listed above are among those limiting the expansion of the landfill gas industry.

Global Landfill Gas Market Report Findings

The electricity segment is likely to hold the major share of the market in 2022

Based on application, the Landfill Gas Market is segmented into electricity, direct use, combined heat and power, alternate fuels, and others. The electricity segment is expected to dominate the market during the forecast period. This is due to rising need for reliable power supply and greater use of renewable energy for power generation within emerging economies. The growing popularity of the energy generating segment is being driven by the construction of transmission and distribution networks as a result of the spike in power demand.

The combustion engine segment is likely to hold the major share of the market in 2022

Based on technology, the market is classified into combustion engines, turbines, and others. The combustion engine segment is expected to dominate the market in the coming years.

The Europe region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe has the biggest market share in terms of Landfill Gas Market value followed by North America. Europe will lead the LFG market over the projected period due to the region’s shifting preference for renewable energy resources. Germany leads the market and has one of the largest LFG industries in the world. Because of the region’s leading firms’ and government organizations’ highly established manufacturing infrastructure and effective waste management solutions. Highly effective solutions for packaging trash, waste paper, and bio-waste aid in gas management in Germany.

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Competitive Landscape

The key players studied in the global Landfill Gas Market are Pennon Group Plc., Vectren Corporation, Archaea Energy, Veolia Environment S.A., Covanta Holding Corporation, Ameresco, EDL, Suez SA, Waste Management SA, and Kohler Co. Inc.

Global Landfill Gas Market: Recent Developments

  • In October 2021, In India, Ramky Enviro established new landfill gas to compressed biogas facilities at the Hyderabad Integrated Municipal Solid Waste (HiMSW) site. According to reports, it is one of the world’s first and largest plants to manufacture compressed biogas from landfill gas for use as car fuel.
  • In October 2020, Veolia and Waga Energy S.A. are building WagaBox, a unit to collect biomethane from landfill garbage. It was erected in the Claye-Soluily dump in France to provide renewable gas to 20,000 residences in Paris.

Landfill Gas Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Landfill Gas Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Landfill Gas Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Landfill Gas industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Landfill Gas Market along with the current trends and future estimations to depict imminent investment pockets. The overall Landfill Gas industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Landfill Gas Market are also analyzed.

Global Landfill Gas Market Segmentation

By Application

  • Electricity
  • Direct Use
  • Combined Heat & Power
  • Alternate Fuels
  • Others

By Technology

  • Combustion Engine
  • Turbines
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players