The Landfill Gas (LFG) market size was USD 1.62 Billion in 2022 and is expected to register a steady revenue CAGR of 7.6% during the forecast period, according to latest analysis by Emergen Research. Rising number of gas-to-energy is a key factor driving market revenue growth.
LFG can be used as a renewable energy source. When the gas is captured and burned, it produces electricity and heat. Gas-to-energy projects harness the potential of LFG, which is primarily composed of methane, a potent greenhouse gas, and utilize it as a valuable energy resource. LFG, generated through the decomposition of organic waste in landfills, is a significant source of methane emissions. For instance, in November 2022, NextEra Energy, a renewable energy developer based in Florida, entered into an agreement to acquire assets valued at USD1.1 billion for its Renewable Natural Gas (RNG) division. These assets are being purchased from the owners of Energy Power Partners Fund I and North American Sustainable Energy Fund, which are both managed by Energy Power Partners. This acquisition is subject to closing adjustments and includes the assumption of around USD37 million in existing project finance debt.
The all-encompassing report on the Landfill Gas (LFG) market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2020 to 2027. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.
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Key Players operating in the industry are:
Archaea Energy Inc., Covanta Holding Corporation, Kohler Co., Pennon Group Plc, Suez Group, CenterPoint Energy, Veolia, Waga Energy, and WM Intellectual Property Holdings, L.L.C
Radical Features of the Landfill Gas (LFG) Market Report:
- The report encompasses Landfill Gas (LFG) market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Landfill Gas (LFG) industry
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Segmentation:
-
Composition Outlook (Revenue, USD Billion; 2019-2032)
- Methane (CH4)
- Carbon Dioxide (CO2)
- Others
-
Application Outlook (Revenue, USD Billion; 2019-2032)
- Electricity generation
- Heat generation
- Biofuel production
- Direct use in industrial processes
-
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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