Landfill Gas Market Expected to Grow at 8.2% CAGR, Reports and Insights Offer Comprehensive Forecasts and Insights
Reports and Insights deliver key insights on the landfill gas market. In terms of revenue, the Landfill Gas Market is estimated to expand at a CAGR of 8.2% during the forecast period, owing to numerous factors, regarding which Reports and Insights offer thorough insights and forecasts in its report on the landfill gas market.
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Market Report Stance:
The objective of this report on the landfill gas market is to discuss market dynamics, including market drivers, market restraints, landfill gas market opportunities for the major players, landfill gas market trends, market segmentation outlook, regional outlook, landfill gas market size, market forecast, market share, as well as the major players operating in the landfill gas market.
A mixture of methane and carbon dioxide makes up landfill gas. Twenty times more harmful to the climate than carbon dioxide is the combustible, poisonous greenhouse gas known as methane. Every landfill can be used to collect this waste, which can then be used to create renewable energy, rather than releasing it into the atmosphere and turning it into a greenhouse gas that is bad for the environment.
The natural result of organic waste breaking down in landfills is landfill gas (LFG). Methane, the main component of natural gas, makes up around 50% of LFG, along with 50% carbon dioxide (CO2) and a little number of organic molecules that aren’t methane. Methane is a powerful greenhouse gas that traps heat in the atmosphere over 100 years, 28 to 36 times more effectively than CO2.
Landfill Gas Market: Dynamics
Municipal solid waste (MSW) and commercial and industrial (C&I) wastes that have been dumped at a landfill site anaerobically decompose, generating landfill gas as a result. Thousands of landfills are available worldwide to gather and use this valuable renewable energy source for power generation, depending on the landfill design and management, trash composition, compaction, moisture, and several other parameters. Methane, which is included in landfill gas and is capable of escaping into the atmosphere, is a potent greenhouse gas that is 21 times more potent than carbon dioxide. Therefore, preventing its release into the environment and using it as a renewable fuel source is mutually beneficial.
It is projected that there would be a rise in the demand for landfill gas in the production of industrial and commercial power due to the depletion of existing energy sources. This gas mixture stands out because its calorific value can be increased by reducing the amounts of carbon dioxide, nitrogen, and oxygen. It can therefore be used for industrial and commercial purposes after a few treatments. Landfill gas can be used directly in boilers or infrared heaters, replacing natural gas as a source of energy for procedures that require a lot of energy while also being more affordable. Climate change is influenced by landfill gases. The two main greenhouse gases that makeup landfill gas are methane and carbon dioxide.
Depending on whether the landfill is open or closed, the effectiveness of landfill gas collection varies. Sales of landfill gas are expected to increase in the coming years due to rising environmental consciousness. Nearly two-thirds of landfill waste is biodegradable, according to the Environmental Protection Agency, while the remainder rots and decomposes and releases dangerous gases like carbon dioxide and methane, both of which are greenhouse gases that contribute to global warming. In addition to eliminating such negative environmental consequences, landfill gas also satisfies the desire for affordable, natural power sources.
The rise of the global landfill gas market is anticipated to be aided by the backing of several governments for waste management initiatives.
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Landfill Gas Market: Regional Stance
The geographical extension of the global landfill gas market is spread through Asia Pacific, Africa, the Middle East, Europe, North America, and Latin America.
Considering market share, North America currently holds the top spot thanks to an increase in environmental and health consciousness there. Whereas Asia Pacific is anticipated to experience the highest growth rate for the projected period of 2021-2027 due to a rise in energy consumption and a decrease in pollutants generated by landfilling.
Landfill Gas Market: Key Players
Waste Management, Inc., Covanta Holding Corporation, Veolia Environnement S.A, Pennon Group Plc., SUEZ SA, Kohler Co., Inc., Aria Energy Corp, Granite Acquisition, Inc., Vectren Corporation, and Shanghai Chengtou Holding Co., Ltd., and GAIL are the prime players functioning in the global landfill gas market.
Landfill Gas Market: Segmentation Stance
Data for growth projections and estimates are included in this study for the Applications, and Regional segments.
Landfill Gas Market, by Applications
Electricity
Internal Combustion & Reciprocating Engines
Gas Turbines
Micro Turbines
Direct Use
Boilers
Direct Thermal & Leachate Evaporation
Others
Combined Heat & Power
Alternate Fuels
Pipeline Fuels
Vehicle Fuels
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