Global Landfill Gas Market - Market Size & Forecast To 2032

Global Landfill Gas Market - Market Size & Forecast To 2032

The global landfill gas market is estimated to be worth of USD 1.62 Billion in 2023 and is growing at a CAGR of 7.68% during the forecast period from 2023 to 2032. The landfill gas market research report discusses the importance of the segments as well as the regional markets. An accurate overview for different segments and regions has been prepared on the basis of the market size as well as the growth rate (CAGR). Different industry professionals and research analysts in various regions have examined and validated the data presented in this research report. Apart from this, the market research report contains an in-depth analysis of the forecasted data, important developments, and revenues. Further, it contains a thorough analysis of the important strategies undertaken by the leading market players to drive their business growth in the global Landfill Gas market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario. The research analysts have included important aspects, such as future trends, market position, opportunities, threats, challenges, risks, market dynamics, market share as well as entry barriers in this detailed research report.

Landfill gas (LFG) is a natural byproduct of the breakdown of organic waste in landfills. LFG is made up of around half methane (the major component of natural gas), half carbon dioxide (CO2), and a trace of non-methane chemical substances. According to the most recent Intergovernmental Panel on Climate Change (IPCC) assessment report, methane is a powerful greenhouse gas that traps heat in the atmosphere over a 100-year period 28 to 36 times more effectively than CO2. LFG is a renewable energy source that can be caught, transformed, and used in place of it escaping into the atmosphere. By using LFG, one may lessen the smells and other risks that come with LFG emissions as well as prevent methane from entering the environment and causing local pollution and global climate change. Additionally, LFG energy initiatives bring in money and produce employment both locally and beyond.

It is projected that there would be a rise in the demand for landfill gas in the production of industrial and commercial electricity due to the depletion of existing energy sources. This gas combination stands out because its calorific value may be increased by reducing the amounts of carbon dioxide, nitrogen, and oxygen. It can therefore be utilised for industrial and commercial applications after a few treatments. Landfill gas may be used directly in boilers or infrared heaters, replacing natural gas as a source of energy for procedures that require a lot of energy while also being more affordable. Climate change is influenced by landfill gases. The two main greenhouse gases that make up landfill gas are methane and carbon dioxide. Compared to carbon dioxide, methane in the atmosphere has a far higher potential as a greenhouse gas.

Methane molecules are around 25 times more effective than carbon dioxide molecules at retaining heat. The majority of this methane is released from landfills as a result of solid organic wastes being broken down by microbes. Thus, the release of methane and carbon dioxide into the atmosphere is decreased by capturing and using this gas combination from landfills. Many governments support waste management programmes, which is expected to boost the expansion of the worldwide landfill gas market.

Some prominent players of the market are Veolia (France), Covanta Holding Corporation (U.S.), SUEZ SA (France), Pennon Group Plc (U.K.), Aria Energy Corp (U.S.), Kohler Co. (U.S.), Infinis Energy Plc (U.K.), Shanghai Chengtou Holding Co. Ltd (China), Biffa (U.K.), EDL (Australia), Vectren Corporation (U.S.), Ameresco (U.S.), and others.

The landfill gas market report has been segmented by applications, and region.

On the basis of applications, the market is segregated into electricity, direct use, combined heat & power and alternate fuels, internal combustion & reciprocating engines, gas turbines, micro turbines, boilers, direct thermal & leachate evaporation, pipeline fuels, vehicle fuels and others.

Among these, the electricity subsegment has the biggest market share and is expected to rise over the forecast period. This is due to a rise in the use of renewable energy sources for power generation in developing countries, as well as the rising need for reliable power supply. The growth of the energy generation segment is being driven by the expansion of transmission and distribution networks as a result of the increase in power demand.

Based on region, the Landfill Gas Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, the Europe accounted for the significant share xx.xx% in the global Landfill Gas Market. This region was valued at USD xx.xx million in 2022, and it is projected to grow at a CAGR of xx.xx% during the forecast period, reaching USD xx.xx million by 2032.

European region will lead the LFG market over the projected period due to the region's shifting preference for renewable energy resources. Germany is the market leader and home to one of the biggest LFG industries in the world because of the region's leading businesses' and government organizations’ highly established manufacturing infrastructure and effective waste management solutions. Germany's gas management benefits from very effective solutions for packaging waste, waste paper, and bio-waste.

However, during the anticipated time period, the Asia Pacific area will experience tremendous growth owing to the growth in environmental concerns and investments in research and development (R & R&D) activities by the major firms. Additionally, China is one of the leading nations in the area and has one of the fastest-growing LFG sectors.