Landfill Gas Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Landfill Gas Market grew at a CAGR of 7.2% between 2017-2021 and is estimated to be US$ 1,946.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.7% and is expected to reach a valuation of US$ 4,086.4Mn by 2032 end.
Landfill gas is a byproduct of organic waste decomposition in landfills. Methane, carbon dioxide, and a minuscule amount of other organic compounds that aren’t methane make up around half of the content of this gas. It may be used to generate renewable energy, capture methane before it escapes into the atmosphere and causes local smog in addition to climate change, and store carbon dioxide.
The movement in consumer preference for renewable energy sources, notable biogas, is one of the important trends supporting the landfill gas market overview. 4 million m3 of landfill gas could be created yearly by the breakdown of organic waste. Due to the rapid improvements in the industry over the next few years, there will also be major landfill gas production operations.
ChemView Consulting has analyzed that energy consumers, the surrounding community, and landfills benefit economically and environmentally from landfill gas. Users, state agencies, stakeholders, local governments, energy service providers, landfill owners, and other community members can work together to develop successful landfill gas projects and improve local air quality by lowering the energy costs for landfill gas enterprises.
The power use case sector is anticipated to hold a market share of 55.6% from 2023 to 2032. Electricity can be found in positive and negative forms, a sort of energy that may be produced by generators or occurs naturally in lighting and manifests in the interaction and movement of electrons. Usually, electrically charged items have this energy.
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Segments Covered in Report
- Electricity Generation
- Internal Combustion & Reciprocating Engines
- Gas Turbines
- Micro Turbine
- Direct Use
- Combined heat and power
- Alternate fuels
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Landfill Gas Market
- Based on the application, the power use case sector is anticipated to hold a market share of 55.6% from 2023 to 2032. Electricity can be found in positive and negative forms, a sort of energy that may be produced by generators or occurs naturally in lighting and manifests in the interaction and movement of electrons. Usually, electrically charged items have this energy.
- Based on the region, with a market share of 43.8%, the demand for landfill gas in North America, which is currently valued at US$ 780 million, is expected to grow at a CAGR of 7.7% in the years to come. The United States landfill gas industry, which is anticipated to remain the most lucrative, is predicted to continue to dominate North America’s landfill gas market.
Key companies covered in the market study are Waste Management, Inc., Covanta Holding Corporation, Veolia Environment S.A., Pennon Group Plc., SUEZ SA, Kohler Co., Inc., Aria Energy Corp, Granite Acquisition, Inc., Vectren Corporation, Shanghai Chengtou Holding Co., Ltd.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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