Landfill Gas Market
Growth Factors of Landfill Gas Market
The global landfill gas market size was valued at USD 3.72 billion in 2023 and is projected to grow from USD 3.93 billion in 2024 to USD 6.64 billion by 2032, exhibiting a CAGR of 6.26% during the forecast period of 2024-2032.
Due to challenge delays and supply chain troubles, the pandemic slowed the landfill fuel market. However, landfill operations continued as essential offerings. Recovery is anticipated with a developing cognizance of sustainable electricity, impeding the landfill gas market growth.
The main catalysts for growth in the landfill gasoline market involve the growing need for non-traditional energy resources, the growing amount of environmental challenges, and new policies restricting emissions of greenhouse gases. Also, landfill gas-to-electricity projects have been adopted as these projects reduce waste while producing smooth energy.
Enhanced gasoline healing is a crucial trend within the landfill fuel market, driven by improvements in the era. Improved collection and processing technology have substantially accelerated the efficiency of taking pictures of landfill gasoline, leading to higher capture fees and expanding the landfill gas market share globally. These advancements have made landfill gasoline more precious and viable, contributing to a more sustainable and environmentally friendly waste control method.
Comprehensive Analysis of Landfill Gas Market
The landfill gas market is segmented by application into energy technology, heating, blended warmth and energy (CHP), and others. The energy technology segment holds the most significant market share. It is expected to develop during the forecast length, pushed by the growing call for reliable energy delivery and the increasing adoption of renewable electricity resources in developing nations. Additionally, the growth of transmission and distribution networks to fulfill the developing electricity demand similarly supports the development of this segment.
The North America region led the landfill gas market by benefitting a size of USD 1.68 billion in 2023 due to improvements in manufacturing sectors and various authority initiatives aimed at efficient waste control; the marketplace is experiencing a colossal boom.
The leading players in the landfill gas market significantly influence its growth trajectory and establish industry standards. These key players, including Covanta Holding Corporation (U.S.), Veolia (France), Pennon Group Plc (U.K.), SUEZ SA (France), Kohler Co. (U.S.), Aria Energy Corp (U.S.), Shanghai Chengtou Holding Co. Ltd (China), Infinis Energy Plc (U.K.), EDL (Australia), Biffa (U.K.), Ameresco (U.S.), and Vectren Corporation (U.S.), contribute to a competitive landscape, driving innovation and advancement within the market.
In October 2023, Shanghai Chengtou Holding, the investment arm of the Chinese municipal authorities, is increasing its potential to convert kitchen waste into compost.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.26% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Application
- Electricity Generation
- Heating
- Combine Heat & Power
- Others
By Geography
- North America (By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Application, By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Application, By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Rest of Asia Pacific (By Application)
- Rest of the World (By Application)
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