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.
It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Landfill Gas (LFG) through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
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The leading market contenders listed in the report 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
Key reasons to buy the Global Landfill Gas (LFG) Market report:
- The latest report comprehensively studies the global Landfill Gas (LFG) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Landfill Gas (LFG) Market
-
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
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Regional Outlook of the Landfill Gas (LFG) Market
The global Landfill Gas (LFG) market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Landfill Gas (LFG) market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Landfill Gas (LFG) Market report:
- The latest report comprehensively studies the global Landfill Gas (LFG) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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