Landfill Gas Capture and Utilization Market Projected to Double to $6.13 Billion by 2033 Amid Rising Demand for Sustainable Energy Solutions

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Mar 05, 2024, 10:45 ET

DUBLIN, March 5, 2024 /PRNewswire/ -- The "Landfill Gas Capture and Utilization Market: A Global and Regional Analysis, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The landfill gas capture and utilization market was valued at $3.06 billion in 2023, and it is expected to grow at a CAGR of 7.18% and reach $6.13 billion by 2033. The market is at a nascent stage and is projected to experience steady growth. Market players investing in research, infrastructure, and partnerships are expected to capitalize on the increasing demand for the landfill gas capture and utilization industry.

The demand for renewable energy sources is boosting the deployment of landfill gas capture and utilization plants on a strong upward trajectory, fueled by stringent climate change objectives and the rising costs of traditional fossil fuels. Cities at the forefront of technological advancement are embracing innovative approaches to transform landfill gas into energy. Furthermore, these urban centers are actively investigating additional technologies to enhance their energy solutions, with a particular focus on waste-to-energy incineration and anaerobic digestion processes.

In the realm of landfill gas capture and utilization, the imposition of rigorous regulatory frameworks by governmental authorities represents a notable opportunity. These regulations are typically designed to elevate safety protocols, augment efficiency, and mitigate environmental footprints. Specifically, in the context of landfill gas capture and utilization, enhanced regulatory measures could necessitate a more effective transformation of landfill gas into renewable energy sources, fuels, and other eco-friendly products, thereby opening avenues for market growth and innovation.

Market Segmentation

Among the applications, the electricity generation segment plays a pivotal role in dominating the landfill gas capture and utilization market due to its high demand and sustainable way of electricity generation. Landfill gas utilization in electricity generation, notably through internal combustion and reciprocating engines for smaller-scale endeavors and gas turbines for more extensive operations, is expected to bolster sustainable waste management practices. This approach is expected to strengthen the production of clean, renewable energy, driving forward environmental sustainability goals. These landfill gas-to-electricity projects are propelling a surge in robust and eco-friendly energy solutions.

Among the various product types, landfill gas (direct) happens to be a predominant segment in the landfill gas capture and utilization market. Harnessing landfill gas for direct electricity generation emerges as the best way to manage organic waste decomposition sustainably. This method, while common and effective, faces variability in gas composition, potentially impacting the efficiency of power generation systems. Nevertheless, its application in industrial boilers or furnaces, as a replacement for conventional fossil fuels, significantly boosts the reduction of greenhouse gas emissions. The robust approach of using landfill gas directly not only strengthens local, renewable energy sources but also propels a surge in sustainable waste management practices, bolstering environmental conservation efforts.

The landfill gas capture and utilization market is expected to be dominated by the North America region. This projection stems from various factors, including the region's technological advancements, the number of operational landfills, and the presence of key manufacturing hubs. The region's focus on reducing greenhouse gases and achieving carbon neutrality targets is expected to boost the landfill gas capture and utilization market. Additionally, the established technological progress, industrial infrastructure, and proactive government initiatives support the building of new landfill gas-to-energy projects. Collaborations between landfill gas capture and utilization companies and local suppliers in North America foster technological advancements, leading to enhanced landfill gas extraction techniques and capabilities.

Demand - Drivers, Challenges, and Opportunities

The following are the demand drivers for the landfill gas capture and utilization market:

Stringent Regulations and Carbon Neutrality Targets
Rising Renewable Energy Demand
Increased Waste Generation

The following are the limitations of the landfill gas capture and utilization market:

Higher Upfront Cost of Landfill Gas Capture and Utilization
Lack of Regulations and Policies for Landfill Gas Projects

Key Market Players and Competition Synopsis

Some of the prominent names in this market are:

Ameresco
Walker Energy
Enerflex Ltd.
BP
Enbridge
CenterPoint Energy
NextEra Energy, Inc.
AB Holding
Veolia
EDL
Infinis
Biffa
Suez
Chengtou Holding
Landfill Systems Ltd.

Other related companies in the ecosystem are:

Covanta Holding Corporation
Vectren Corporation
Kohler Co., Inc.
Pennon Group Plc

Key Topics Covered:

1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Improved Gas Extraction and Processing Technologies
1.1.3 Digitalization and Automation of Landfill Gas Plants
1.2 Supply Chain Overview
1.3 Research and Development Review
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Stringent Regulations and Carbon Neutrality Targets
1.6.1.2 Rising Renewable Energy Demand
1.6.1.3 Increased Waste Generation
1.6.2 Market Restraints
1.6.2.1 Higher Upfront Cost of Landfill Gas Capture and Utilization
1.6.2.2 Lack of Regulations and Policies for Landfill Gas Projects
1.6.3 Market Opportunities
1.6.3.1 Clean Energy Targets
1.6.3.2 Expansion of Landfill Gas-to-Energy Plants

2 Application
2.1 Application Segmentation
2.2 Application Summary
2.3 Landfill Gas Capture and Utilization Market (by Application)
2.3.1 Application
2.3.1.1 Electricity Generation
2.3.1.2 Thermal/Heat Generation
2.3.1.3 Fuels

3 Products
3.1 Product Segmentation
3.2 Product Summary
3.3 Landfill Gas Capture and Utilization Market (by Product Type)
3.3.1 Product Type
3.3.1.1 Landfill Gas (Direct)
3.3.1.2 Medium BTU
3.3.1.3 Renewable Natural Gas

4 Regions

5 Markets - Competitive Benchmarking & Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/40atil

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