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Landfill Gas Capture And Utilization Market Strategies, Rising Trends And Outlook 2024
Landfill Gas Capture And Utilization Market Strategies
As per the report, the landfill gas capture and utilization market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The landfill gas capture and utilization market size is expected to see strong growth in the next few years. It will grow to $4.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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Renewable Energy Revolution Drives Growth In Landfill Gas Capture And Utilization
The rising demand for renewable energy is expected to propel the growth of the landfill gas capture and utilization market going forward. Renewable energy is defined as energy obtained from natural resources that regenerate on a human timescale, such as sunshine, wind, rain, tides, waves, and geothermal heat. The demand for renewable energy is rising due to environmental awareness, policy support, and corporate sustainability goals. Landfill gas capture and utilization meet renewable energy demand by harnessing the potential of methane gas emitted from decomposing organic waste in landfills. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, renewable electricity generation reached a record high of 39.9 terawatt-hours in the fourth quarter of 2023, marking a 4.9% increase compared to the same period in 2022. Moreover, renewables reached a new high, accounting for 47.3% of electricity generation. Therefore, the rising demand for renewable energy is driving the growth of the landfill gas capture and utilization market.
The Impact Of Landfill Gas Capture And Utilization On Greenhouse Gas Emissions Reduction And Sustainable Waste Management
Major companies in the landfill gas capture and utilization market are investing in building advanced energy generation technologies, such as RNG (renewable natural gas) facilities at landfills, to maximize methane utilization, reduce greenhouse gas emissions, and promote sustainable waste management. RNG facilities at landfills refer to infrastructure built to capture and process methane emissions from decomposing organic waste in landfills, purifying it into RNG, or biomethane. For instance, in May 2023, Vespene Energy, a US-based renewable energy company focused on the utilization of landfill methane emissions, in partnership with Viridi Energy, a US-based full-service renewable natural gas platform, launched their first joint pilot site using landfill methane emissions to power onsite data processing. The project aims to transform landfill methane emissions into power by utilizing efficient energy-producing equipment. By doing so, the project hopes to cut greenhouse gas emissions while also raising funds to finance the construction of a renewable natural gas facility at the dump.
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
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Major companies operating in the landfill gas capture and utilization market report are BP PLC, Veolia Environment 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
Contents of the report:
1. Executive Summary
2. Landfill Gas Capture And Utilization Market Report Structure
3. Landfill Gas Capture And Utilization Market Trends And Strategies
4. Landfill Gas Capture And Utilization Market - Macro Economic Scenario
5. Landfill Gas Capture And Utilization Market Size And Growth
…..
27. Landfill Gas Capture And Utilization Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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