What Is The Current and Historic Market Size Analysis Of The Landfill Gas Capture And Utilization Market?
The landfill gas capture and utilization market has seen considerable growth due to a variety of factors.
• The market for landfill gas capture and usage has witnessed a robust growth in the past years. The market which is projected to escalate from $2.99 billion in 2024 to $3.24 billion in 2025, experiences a compound annual growth rate (CAGR) of 8.3%.
The historical growth of this sphere owes its progression to factors such as heightened environmental consciousness, regulatory pressure, expanding demand for renewable energy, an upsurge in landfill gas emissions, and increased energy costs.
What Are The Predictions for The Landfill Gas Capture And Utilization Market in the Coming Years?
The landfill gas capture and utilization market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for landfill gas capture and utilization is projected to experience robust growth, expanding to a value of $4.4 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%.
This growth during the prediction period may be due to factors such as rising waste production rates, heightened public consciousness, augmented cross-industry collaboration, increased demand for energy, and expansion of urban areas. The forecast period will also see major trends such as advancements in technology, the incorporation of sustainable landfill management strategies, the integration of renewable natural gas, and microbial fuel cells.
Which Drivers Are Accelerating Growth In The Landfill Gas Capture And Utilization Market?
The surge in interest for renewable energy is set to drive the trajectory of the landfill gas capture and utilization market upwards. Renewable energy is categorized as energy harvested from naturally replenishing resources like sunlight, wind, precipitation, ocean currents, waves, and earth's internal heat. The call for renewable energy is getting louder due to heightened environmental consciousness, political backing, and corporate sustainable goals. Landfill gas capture and utilization caters to this demand by leveraging the power of methane gas released from decomposing organic waste in landfills. For instance, in December 2023, the Department for Energy Security and Net Zero, a UK government entity, reported that renewable electricity generation hit a high record of 39.9 terawatt-hours in the last quarter of 2023, signifying a 4.9% increase year on year. Additionally, renewables hit a new milestone, contributing to 47.3% of overall electricity generation. Thus, this escalating demand for renewable energy is fueling the expansion of the landfill gas capture and utilization market.
What Are The Core Segments Of The Global Landfill Gas Capture And Utilization Market?
The landfill gas capture and utilization market covered in this report is segmented –
1) By Product Type: Landfill Gas, Medium-Btu, Renewable Natural Gas
2) By Technology: Gas Collection Systems, Gas Treatment
3) By Application: Electricity Generation, Thermal Or Heat Generation, Fuels
Subsegments:
1) By Landfill Gas: Methane Gas, Carbon Dioxide, Other Trace Gases
2) By Medium-BTU Gas: Low-BTU Gas, Medium-BTU Gas For Electricity Generation
3) By Renewable Natural Gas: Purified Landfill Gas, Upgraded Biomethane
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What Emerging Trends Are Influencing The Growth Of The Landfill Gas Capture And Utilization Market?
Key players in the market for landfill gas capture and utilization are investing in advanced energy production techniques like renewable natural gas (RNG) facilities at landfill sites. The goal is to fully utilize methane, minimize greenhouse gas emissions, and advocate for sustainable waste management practices. In essence, RNG facilities at landfills are structures established to acquire and process methane emissions from decomposing organic waste and convert it into RNG, also known as biomethane. For example, in May 2023, Vespene Energy, a US renewable energy corporation concentrating on landfill methane emission utilization, collaborated with Viridi Energy, another US-based renewable natural gas business, to commence their inaugural joint pilot site. This site uses landfill methane emissions to supply power for onsite data processing. Their objective is to turn landfill methane emissions into power by adopting efficient energy generating equipment, manage to reduce greenhouse gas emissions, and raise capital to build a renewable natural gas facility at a landfill site.
Who Are the Key Players In The Landfill Gas Capture And Utilization Market?
Major companies operating in the landfill gas capture and utilization market report are:
• BP PLC
• Veolia Environnement SA
• Enbridge Inc.
• NextEra Energy Inc.
• Waste Management Inc. (WM)
• DTE Energy
• Republic Services Inc.
• CenterPoint Energy Inc.
• Waste Connections Inc.
• Clean Harbors Inc.
• GFL Environmental Inc.
• Covanta Holding Corporation
• Progressive Waste Solutions Ltd.
• Ameresco Inc.
• Advanced Disposal Services Inc.
• Enerflex Ltd.
• Chengtou Holding Co. Ltd.
• Casella Waste Systems Inc.
• Waste Pro USA Inc
• EDL
• Wheelabrator Technologies Inc.
• Montauk Renewables
• QED Environmental Systems Inc.
• Walker Energy Services
What Are The Regional Insights Into The Landfill Gas Capture And Utilization Market?
North America was the largest region in the landfill gas capture and utilization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the landfill gas capture and utilization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
