Press release
Landfill Gas to Energy Market Market Growing Popularity and Emerging Trends in the Market During Forecast Period 2021- 2025
Landfill Gas to Energy (LFGE) Market
The feasibility of this energy production route is causing the inflow of fresh revenues into the global market. World Bank estimates show that global waste will increase by 70% towards the turn of 2050. This is an alarming statistic that has sent ripples across the energy sector. Therefore, regeneration of landfill waste to produce viable energy is expected to gain traction from several entities in the energy sector.
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Apart from being a viable route for energy production, capturing landfill gas can also help in preventing environmental degradation. Methane generated by landfills is 21 times more potent than carbon dioxide, and the former could be a major contributor to ozone pollution. Therefore, utilization of this gas to produce viable energy can play a central role in preventing harmful emissions. Furthermore, capturing methane for clean energy production is alleviating the carbon footprint of the landfills industry. Over the course of the next decade, clean energy generated through safe methane capture is expected to contribute a respectable share to the total clean energy mix.
Global Landfill Gas to Energy Market is Segmented as Below:
By Application
• Electricity
• Direct Use
• Combined Heat and Power
• Alternate Fuels
• Pipeline Fuels
• Vehicle Fuels
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Funding Challenges Could be a Point of Dismay for Communities Looking to Employ Landfill Gas to Energy Systems
The success of landfill gas capture projects largely relies on the availability adequate financial support and technical know-how. Therefore, financial constraints and lack of technical labor could dwarf the plans of several communities and entities looking to leverage landfill-generated methane for energy production. Besides, inexistent or irregular maintenance could also render landfill gas capture projects futile, defunct, or redundant. The aforementioned challenges could be resolved if projects such as the UN Environment Programme get to fruition. These projects are helping city municipalities in procuring technical assistance and financial aid to power their landfill gas capture plans.
Robust Application Portfolio of Landfill Gas to Energy Could Ensure Sustained Inflow of Revenues
Several applications of landfill gas to energy have boded well for the growth of the global market. The energy sector is deploying more aggressive plans to succeed in leveraging landfill gas to energy. In addition to being a viable source of electricity generation, this energy can also be modified into renewable natural gas. Besides, the direct use of this energy across industrial manufacturing is a lucrative prospect for the global energy industry. The availability of an extensive infrastructure to convert landfill-captured methane gas into electrical energy is driving market demand.
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North America and Europe at the Fountainhead of Market Growth and Expansion
The demonstrable success of US and Canada in producing energy from landfill-captured methane has given a thrust to regional market growth. Europe has also traced a similar pathway of viable exploitation of landfill gas. These regions have also invested in cutting-edge systems such as microturbines, gas turbines, and fuel cells that can easily convert methane gas into electricity.
Some of the prominent names in the global landfill gas to energy market are Comcor Environmental Limited, Waste Connections, Inc., Walker Industries, and Caglia Environmental.
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