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Strong Growth Ahead: Landfill Gas Capture And Utilization Market Size To Grow At Arecord 8% Cagr By 2029
The Landfill Gas Capture And Utilization Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Landfill Gas Capture And Utilization Market Size Expected to Be by 2034?
Recently, the market for capturing and utilizing landfill gas has seen considerable growth. From 2024 to 2025, its worth will increase from $2.99 billion to $3.24 billion, exhibiting a compound annual growth rate (CAGR) of 8.3%. The expansion in the previous years can be associated with heightened awareness of environmental issues, mounting regulatory pressure, an upsurge in the requirement for renewable energy, augmented landfill gas releases, and escalating energy costs.
The market for capturing and utilizing landfill gas is set to experience robust expansion in the coming years. It is projected to reach $4.4 billion in 2029, with a compound annual growth rate (CAGR) of 8.0%. This growth over the predicted period is due to factors like escalating waste production rates, heightened public consciousness, growing cross-industry collaboration, increasing energy requirements, and burgeoning urbanization. Notable trends during the forecast period encompass technological progress, the embracing of eco-friendly landfill management methods, the incorporation of renewable natural gas and microbial fuel cells.
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What Are the Emerging Segments Within the 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 Long-Term Drivers Are Shaping Landfill Gas Capture And Utilization Market Trends?
The growing interest in renewable energy is predicted to spur the expansion of the landfill gas capture and utilization market. This type of energy, sourced from nature and replenishing at the pace of human life, encompasses sunshine, wind, rain, tides, waves, and geothermal heat. The need for renewable energy is swelling due to environmental consciousness, policy backing, and corporate sustainability targets. By seizing the potential of methane gas emanating from decaying organic waste in landfills, landfill gas capture and utilization satisfies this burgeoning demand for renewable energy. For example, data from the Department for Energy Security and Net Zero, a UK government agency, revealed that renewable electricity production hit a peak of 39.9 terawatt-hours in the last quarter of 2023. This was a 4.9% rise compared to the same timeframe in 2022. Furthermore, renewables set a new record, producing 47.3% of electricity. Therefore, the escalating demand for renewable energy is fuelling the growth of the landfill gas capture and utilization market.
Who Are the Top Competitors in Key Landfill Gas Capture And Utilization Market Segments?
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 Major Trends Shaping the Landfill Gas Capture And Utilization Market?
Prominent businesses in the landfill gas capture and utilization market are making investments to develop cutting-edge energy generation technologies like RNG (renewable natural gas) facilities at dumpsites. This move is designed to optimize the use of methane, lessen the emissions of greenhouse gases, and encourage eco-friendly waste management practices. RNG facilities at landfills refer to the systems constructed to harness and process methane emissions from rotting organic waste at these sites, refining it into RNG, or biomethane. For instance, in May 2023, Vespene Energy, an American renewable energy company with a focus on tapping landfill methane emissions, collaborated with Viridi Energy, a comprehensive renewable natural gas platform in the US, to inaugurate their pioneer joint test site that uses landfill methane emissions to fuel on-site data processing. The initiative is geared towards converting landfill methane emissions into energy by employing proficient energy-producing apparatuses. This way, the project aspires to decrease greenhouse gas emissions while simultaneously accumulating funds necessary to build a renewable natural gas facility at the landfill.
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Which Regions Are Becoming Hubs for Landfill Gas Capture And Utilization Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Landfill Gas Capture And Utilization Market?
2. What is the CAGR expected in the Landfill Gas Capture And Utilization Market?
3. What Are the Key Innovations Transforming the Landfill Gas Capture And Utilization Industry?
4. Which Region Is Leading the Landfill Gas Capture And Utilization Market?
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