Landfill Gas Market is expected to grow with a CAGR of 8.19% through 2029
Increasing
awareness of the environmental benefits of using landfill gas and growing
demand for energy are likely to drive the market in the forecast period.
According to
TechSci Research report, “Landfill Gas Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global Landfill
Gas Market is experiencing a surge in demand in the forecast period.
A primary driver propelling the global landfill
gas market is the heightened environmental awareness and the implementation of
stringent regulatory initiatives. As societies become increasingly conscious of
the detrimental effects of greenhouse gas emissions on the environment, there
is a growing impetus to address the methane released from decomposing organic
waste in landfills. Governments worldwide are responding with regulations
mandating the capture and utilization of landfill gas to mitigate its impact on
climate change.
These regulatory frameworks not only
necessitate the installation of gas collection systems in landfills but also
create a supportive environment for the growth of the landfill gas market. In
response to these regulations, industries and municipalities are compelled to
adopt advanced technologies for capturing and utilizing landfill gas,
transforming what was once considered a liability into a valuable and
sustainable resource. This driver underscores the crucial role of environmental
awareness and regulatory interventions in fostering the global adoption of
landfill gas as a renewable energy source.
The increasing global demand for
renewable energy sources and the pursuit of sustainability goals represent a
significant driver for the landfill gas market. As societies strive to
transition away from conventional fossil fuels and reduce carbon footprints,
there is a growing emphasis on integrating renewable energy into the energy
mix. Landfill gas, comprising methane and carbon dioxide, emerges as a
renewable resource that aligns with these sustainability objectives.
Governments, businesses, and communities
are seeking diversified and cleaner energy alternatives to meet their growing
energy needs. Landfill gas, generated as a byproduct of waste decomposition,
presents an opportunity to harness a continuous and reliable source of
renewable energy. The conversion of landfill gas into electricity or usable
fuel not only contributes to meeting renewable energy targets but also aids in
the reduction of greenhouse gas emissions, further supporting global
sustainability initiatives. This driver highlights the integral role of
landfill gas in the broader context of the world's pursuit of renewable energy
and environmentally responsible practices.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on "Global Landfill Gas Market.”
The Global Landfill
Gas Market is segmented into technology, application and region.
Based on Application,
The Electricity Generation segment held the largest Market share in 2023. Many
countries and regions worldwide have established renewable energy mandates and
targets to address climate change and reduce reliance on fossil fuels. Landfill
gas, being a renewable energy source, aligns with these mandates. Governments
often incentivize or require utilities to incorporate a certain percentage of
renewable energy into their portfolios, fostering the dominance of electricity
generation from landfill gas.
Landfill
gas-to-electricity projects are often economically viable due to revenue
streams generated from the sale of electricity. Governments may offer feed-in
tariffs, tax incentives, or other financial benefits, making electricity
generation an attractive option for both public and private entities. The
potential for a consistent revenue stream contributes to the dominance of this
application.
Landfills are
significant sources of methane, a potent greenhouse gas. Converting landfill
gas into electricity not only generates power but also mitigates the
environmental impact of methane emissions. This dual benefit of producing clean
energy and reducing greenhouse gas emissions aligns with global efforts to
combat climate change, further promoting electricity generation from landfill
gas.
Electricity
generated from landfill gas can be easily integrated into existing power grids,
contributing to grid stability. Landfill gas facilities can provide a reliable
and consistent source of electricity, helping to balance the intermittent
nature of some renewable energy sources like wind and solar. The stability and
reliability of electricity generation enhance the attractiveness of landfill
gas projects to utilities and grid operators.
The technology
for converting landfill gas into electricity, often using combustion engines or
gas turbines, is well-established and mature. This technological maturity
ensures the reliable and efficient operation of landfill gas-to-electricity
projects, making them a practical and proven solution for energy generation.
Landfill gas
projects contribute to responsible waste management by capturing and utilizing
gases that would otherwise be released into the atmosphere. Many countries have
stringent regulations and environmental compliance standards, driving landfill
operators to adopt gas-to-electricity projects as a sustainable and compliant
waste management practice.
There is a
global emphasis on transitioning to sustainable and low-carbon energy sources.
Landfill gas, as a readily available and renewable resource, fits into this
narrative. The emphasis on sustainability encourages the adoption of
electricity generation from landfill gas as a part of a broader commitment to
cleaner energy alternatives.
Major companies
operating in the Global Landfill Gas Market are:
- Waste Management Holdings Inc.
- Veolia Environnement S.A.
- Suez S.A.
- Aria Energy LLC
- Ameresco Inc.
- Energy Developments Pty Ltd
- CGN Energy Services Holdings Co. Ltd.
- Kohler Co.,
- ATTERO Recycling Pvt. Lyd.
- WIN Waste Innovations Holdings Inc.
Download FreeSample Report
Customers can
also request for 10% free customization on this report.
“The Global Landfill
Gas Market is expected to rise in the upcoming years and register a significant
CAGR during the forecast period. The
driving force behind the global landfill gas market lies in economic incentives
and corporate sustainability initiatives. Governments worldwide are offering
financial incentives such as subsidies and tax credits, encouraging businesses
to invest in landfill gas projects. This aligns with corporate sustainability
goals, prompting companies to view landfill gas as a viable and environmentally
responsible resource. Leveraging landfill gas for energy not only reduces
operational costs but also enhances organizations' green credentials,
contributing to a positive environmental impact. As businesses increasingly
prioritize sustainability, the economic benefits associated with landfill gas
make it a compelling choice in the evolving landscape of renewable energy
solutions. Therefore, the Market of Landfill Gas is expected to
boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Landfill
Gas Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2019-2029 Segmented By Technology (Combustion Engine, Turbines, Others), By
Application (Utility Flares, Pipeline-Quality, Process Heater, Leachate
Evaporation, Electricity Generation), By Region, By Competition”,
has evaluated the future growth potential of Global Landfill Gas Market and
provides statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Landfill Gas Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com