Market Definition
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.
Market Outlook
The Landfill Gas market size was USD 1.5 billion in 2022 and is anticipated to reach USD 3.2 billion in 2032, growing at a rate of 7.9% from 2023 to 2032.
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.
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.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The landfill gas market is bifurcated on the basis of application, technology, and region.
Landfill Gas Market by Application
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.
Landfill Gas Market by Technology
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.
Regional Analysis of Landfill Gas Market
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 organisations’ 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.
During the projection period, the Asia Pacific area will experience tremendous growth. Due to the growth in environmental issues and spending on research and development (R & R&D) operations by significant corporations, China is regarded as one of the region’s leading countries and fastest-growing LFG sectors. West New Territories Landfill, South East New Territories Landfill, and North East New Territories Landfill are among the top landfills in China that use landfill gas for energy generation.
North America is expected to develop steadily, with the United States leading the region’s market. The progress of manufacturing sectors, as well as many government efforts for effective waste management, are driving market growth. LFG is the third-largest producer of human-caused methane emissions in the United States. Because of rising per capita energy demand in North America, governments are being forced to produce power from LFG in order to guarantee a cost-effective, clean, and reliable power supply. These considerations are driving the expansion of landfill gas producers in the region.
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Major Players
The landfill gas market report includes players such as 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.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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