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What Are the Landfill Gas Capture And Utilization Market Size Forecast for 2025?
The market for landfill gas capture and utilization has seen significant growth over the recent period. Its expansion is expected to continue, increasing from $2.99 billion in 2024 to $3.22 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. Factors contributing to the growth during the historic period include heightened environmental consciousness, elevated regulatory pressures, increased demand for renewable energy, a surge in landfill gas emissions, and rising energy costs.
What Is the Market Size Outlook for Landfill Gas Capture And Utilization Until 2029?
The market for capturing and utilizing landfill gas is anticipated to experience robust growth in the foroming years, ballooning to $4.29 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the future can be credited to factors such as escalating waste production rates, heightened public consciousness, enhanced cross-industry collaboration, surging energy requirement, and urban expansion. Future predictions also highlight trends like technological progression, implementation of sustainable landfill management strategies, incorporation of renewable natural gas, and the use of microbial fuel cells.
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What Are the Major Factors Driving Demand in the Landfill Gas Capture And Utilization Market?
The growth of the landfill gas capture and utilization market is anticipated to be driven by the increasing need for renewable energy. Renewable energy refers to energy derived from naturally replenishing resources such as sunlight, wind, rain, tidal activity, waves, and geothermal heat. The upsurge in demand for renewable energy can be attributed to environmental cognizance, policy backing, and corporate sustainability objectives. By tapping into the potential of methane gas that is released from the decomposition of organic waste in landfills, the demand for renewable energy can be met through landfill gas capture and utilization. As a case in point, in December 2023, the Department for Energy Security and Net Zero, a government department based in the UK, reported that renewable electricity production attained a record-breaking 39.9 terawatt-hours in the fourth quarter of the year, indicating a 4.9% rise compared to the same duration in 2022. In addition, a fresh highpoint was achieved with renewables constituting 47.3% of electricity production. Hence, the escalating demand for renewable energy is fuelling the expansion of the landfill gas capture and utilization market.
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How Are End-Use Segments Shaping the Landfill Gas Capture And Utilization Market Outlook?
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
What Are the Strategic Trends Transforming the Landfill Gas Capture And Utilization Market Landscape?
Key players in the landfill gas capture and utilization market, including Vespene Energy and Viridi Energy, are investing in the construction of advanced RNG (renewable natural gas) technologies at waste sites. These technologies aim to increase methane use, diminish greenhouse gas emissions and foster sustainable waste management tactics. Facilities at landfill sites are developed to capture and process methane emissions from decomposing organic waste, purifying it into RNG or biomethane. In May 2023, the aforementioned energy firms collaborated to launch their pioneering site, using landfill methane emissions to fuel onsite data processing. The objective of the project is to convert landfill-sourced methane emissions into energy by deploying efficient, energy-producing machinery. The initiative aims to reduce greenhouse gas emissions and simultaneously generate funds to finance the build of a renewable natural gas facility at the landfill site.
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Who Are the Prominent Companies in the Landfill Gas Capture And Utilization Market by ?
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
Which Region Is Expected to See the Highest CAGR in the Landfill Gas Capture And Utilization Market?
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.
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