BIS Research

09/06/2024 | News release | Distributed by Public on 09/06/2024 04:44

Landfill Gas Capture and Utilization Market Drivers, Key Players, Future Outlook

Landfill Gas Capture and Utilization Market Drivers, Key Players, Future Outlook

BIS Research
Sep 6, 2024 4:12:55 PM

Landfill Gas Utilization refers to the process of capturing and utilizing the gas produced by the decomposition of the organic materials in the landfills. Landfill gas is primarily composed of methane and carbon dioxide along with small amounts of other gasses.

According to BISResearchthe The Landfill Gas Capture and Utilization Marketwas 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.

Landfill Gas Capture and Utilization Overview

Landfill gas (LFG) capture and utilization is a process designed to collect, treat, and use gas generated by the natural decomposition of organic waste in landfills. As waste breaks down, it releases a mixture of gasses, primarily methane (CH₄) and carbon dioxide (CO₂), which are potent greenhouse gasses.

Uses of Landfill Gas Capture and Utilization

  • Electricity Generation
  • Heat Production
  • Renewable Natural Gas
  • Direct Use

By Capturing and Utilizing LFG, the technology provides multiple benefits, including reducing greenhouse gas emissions, generating renewable energy, improving air quality, and preventing safety hazards like landfill fires or explosions

Market Drivers

  • Growing Focus on Renewable Energy: As governments and industries strive to reduce reliance on fossil fuels, the demand for renewable energy sources is increasing. Landfill gas (LFG) provides a reliable and sustainable energy source that can be converted into electricity, heat, or renewable natural gas (RNG).
  • Regulatory Pressure and Environmental Policies: Regulations aimed at reducing greenhouse gas emissions are encouraging landfill operators to implement gas capture systems.
  • Rising concerns about Climate Change : Methane is a potent greenhouse gas, with a much higher global warming potential than carbon dioxide. Capturing and utilizing LFG reduces methane emissions, helping to mitigate climate change.
  • Waste Management Solutions: As the volume of municipal solid waste increases globally, more landfills are being developed. These landfills create significant amounts of methane, which if unmanaged, can contribute to air pollution and health hazards.

Market Segmentation

1 By Application

  • Electricity Generation
  • Thermal/Heat Generation
  • Fuels

2 By Product Type

  • Landfill Gas (Direct)
  • Medium-Btu
  • Renewable Natural Gas

3 By Region

North America to lead in the region


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Key Players

  • Ameresco

  • Walker Energy

  • Enerflex Ltd.

  • BP p.l.c.

  • ENBRIDGE INC.

  • CenterPoint Energy

  • NextEra Energy, Inc.

  • AB HOLDING SPA

Landfill Gas Capture and Utilization Future Outlook

Key Factors shaping its future outlook

  • Regulatory Push and Policy Support: Governments worldwide are enacting stricter regulations to reduce methane emissions due to its potent greenhouse effect.
  • Advancements in Technology: Innovations in gas capture and purification technologies are improving the efficiency and feasibility of LFG utilization.
  • Growing Energy Demand and Diversification: As the demand for low-carbon energy alternatives rises, landfill gas is gaining traction as a versatile source.
  • Environmental and Economic Benefits: LFG capture not only reduces methane emissions but also provides a reliable, locally sourced renewable energy.

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Conclusion

The landfill gas (LFG) capture and utilization market is poised for substantial growth as global priorities shift toward sustainability, renewable energy, and climate change mitigation. LFG technology offers a unique solution by converting methane, a potent greenhouse gas, into valuable energy resources such as electricity, heat, and renewable natural gas (RNG).