Landfill Gas Capture And Utilization Market Size, Share, Growth & Trends 2024-2033 | Forecast & Key Players

The Business Research Company recently released a comprehensive report on the Global Landfill Gas Capture And Utilization Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 growth in the historic period can be attributed to increased environmental awareness, rise in regulatory pressure, growth in demand for renewable energy, increased landfill gas emissions, rise in energy costs.

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%. The growth in the forecast period can be attributed to increasing waste generation rates, growing public awareness, increasing collaboration across industries, rising energy demand, increasing urbanization. Major trends in the forecast period include technological advancements, adoption of sustainable landfill management practices, integration of renewable natural gas, and microbial fuel cells.

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Market Drivers and Trends:
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.

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.

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Major Key Players of the Market:
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

Landfill Gas Capture And Utilization Market 2024 Key Insights:
• 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%.
• Renewable Energy Revolution Drives Growth In Landfill Gas Capture And Utilization
• The Impact Of Landfill Gas Capture And Utilization On Greenhouse Gas Emissions Reduction And Sustainable Waste Management
• North America was the largest region in the landfill gas capture and utilization market in 2023

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