Landfill Gas Market Analysis
Landfill Gas Market share is expected to reach USD 3 Billion by 2030, expanding at a compound annual growth rate (CAGR) of 8% during the forecast period.
Increased Demand for Power Generation
Landfill gas can be utilized as a low-carbon, sustainable alternative to conventional fossil fuels. When burned, it creates bioenergy, which is regarded as a clean fuel for energy generation. Growing global energy demand is expected to promote the production of bioenergy from biomass and landfill gases, which will, in turn, drive the expansion of the landfill gas market. As stated by the International Energy Agency (IEA), bioenergy power output increased by about 5% in 2019, which is only 1% less than the 6% annual power production rate needed to satisfy the 2030 sustainable development scenario goals.
Furthermore, renewable power generation from landfill gas will have a significant impact on global warming emissions since it can reduce the quantity of CO2 emitted into the atmosphere. In addition, increasing the supply of renewable landfill gas would allow for the replacement of carbon-intensive energy sources, resulting in considerable reductions in global warming emissions. As a result, increasing demand for clean energy generation is likely to fuel growth in the worldwide landfill gas market throughout the forecast period.
Report Attribute/Metric
Details
CAGR
8% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022 to 2030
Historical Data
2020
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application
Geographies Covered
North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
COVID-19 Impact on the Global Market
COVID-19's impact on the global economy is faltering on a daily basis. It is proving to be a big hurdle for the renewable industry, resulting in a raw material supply bottleneck and probable job losses. Companies in the energy and power sector are facing a number of issues as a result of a drop in electricity costs due the COVID-19 crisis. Furthermore, Asia Pacific is one of the greatest landfill gas marketplaces. The slowing of the nation's economic growth has had an impact on the worldwide generation and renewable energy investment. Likewise, during the COVID-19 crisis, there was a greater emphasis on renewable technologies; yet, due to labor restrictions, fewer power plants were operational.
As stated by the Ministry of New and Renewable Energy (MNRE), just 222 MW of solar and 25 MW of wind capacity were obtained in India in March, as all efforts were halted owing to the pandemic. Similarly, according to a survey conducted by the World Bioenergy Association (WBA), the majority of respondents mentioned the pandemic's significant impact on the bioenergy business, resulting in a reduction in investment and the cancellation of new investments in the bioenergy and landfill gas sectors. Furthermore, due to fewer restrictions in the landfill gas market, gas treatment industries have seen a significant change in 2020. Major landfill gas manufacturers, including Landfill Systems Ltd., Veolia A/S, Waste Management Inc., and Suez SA, had experienced a production stoppage, resulting in massive backlogs and delays in completing orders.
COVID-19 has had a significant effect on all businesses around the world. Due to the rapid growth, governments worldwide have taken stringent measures for the functioning of industrial plants and offices, resulting in stringent lockdowns. The lockdown had a significant imapct on the energy sector, with energy demand dropping by 18% to 20% in 2020. In addition, the virus had a significant impact on the landfill gas and bio-energy segments, with a modest impact on the upgraded and fill gas segments. The result was a modest decline in revenues and a difficult position with managing the cash flow of market participants.
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Market Segmentation
The global landfill gas industry has been segmented into the application.
By application, the global landfill gas market has been segmented into Direct Use and Upgraded.
Regional Analysis
APAC to Lead the Global Market
The landfill gas market in the Asia Pacific is expected to have the largest proportion of the landfill gas market. The region has one of the world's major landfill gas markets. Due to the region's growing population and per capita disposable income, there is an increased demand for energy. In addition, the fast-developing economies in this region are also the world's top polluters. Moreover, due to the abundance of natural resources in the region, Asia Pacific is expected to grow significantly. Emerging economies such as India and Indonesia are expected to grow significantly as a result of proposed government laws to promote investment in the landfill gas sector.
Key Players
The prominent players operating in the worldwide landfill gas market are Waste Management, Inc (US), Covanta Holding Corporation (US), Veolia Environment S.A. (France), Pennon Group Plc (UK), SUEZ SA(France), Kohler Co., Inc. (US), Aria Energy Corp (US), AFCO Energy Inc. (US), Granite Acquisition, Inc. (US), Landfill Systems Ltd. (UK), Vectren Corporation (US) and Shanghai Chengtou Holding Co., Ltd. (China).
Waste Derived Biogas research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-waste-derived-biogas-2021-891Segment by TypeSewageIndustrial WastewaterAgricultural WasteLandfill GasOtherSegment by ApplicationMunicipal Electricity ProductionOn-site Electricity ProductionTransportation FuelOtherBy CompanySiemensClarke EnergySarawak EnergyCargill Inc.Biogas Technology Ltd.Bedminster InternationalEnvironmental Products & Technology Corp.AAT GmbH & Co.Biotech Energy AGBekon Biogas Energy Inc.Biogen GreenfinchADI Systems IncProduction by RegionNorth AmericaEuropeChinaJapanConsumption by RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC @ https://www.grandresearchstore.com/energy-and-natural-resources/global-waste-derived-biogas-2021-891Table of content1 Waste Derived Biogas Market Overview1.1 Product Overview and Scope of Waste Derived Biogas1.2 Waste Derived Biogas Segment by Type1.2.1 Global Waste Derived Biogas Market Size Growth Rate Analysis by Type 2021 VS 20271.2.2 Sewage1.2.3 Industrial Wastewater1.2.4 Agricultural Waste1.2.5 Landfill Gas1.2.6 Other1.3 Waste Derived Biogas Segment by Application1.3.1 Global Waste Derived Biogas Consumption Comparison by Application: 2016 VS 2021 VS 20271.3.2 Municipal Electricity Production1.3.3 On-site Electricity Production1.3.4 Transportation Fuel1.3.5 Other1.4 Global Market Growth Prospects1.4.1 Global Waste Derived Biogas Revenue Estimates and Forecasts (2016-2027)1.4.2 Global Waste Derived Biogas Production Estimates and Forecasts (2016-2027)1.5 Global Waste Derived Biogas Market by Region1.5.1 Global Waste Derived Biogas Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 20271.5.2 North America Waste Derived Biogas Estimates and Forecasts (2016-2027)1.5.3 Europe Waste Derived Biogas Estimates and Forecasts (2016-2027)1.5.5 China Waste Derived Biogas Estimates and Forecasts (2016-2027)1.5.5 Japan Waste Derived Biogas Estimates and Forecasts (2016-2027)2 Market Competition by Manufacturers2.1 Global Waste Derived Biogas Production Market Share by MaIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-waste-derived-biogas-2021-891CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
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Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=429According to Fact.MR, the global landfill gas market is expected to expand at a moderate CAGR with respect to value during the period of forecast, 2017-2026.
The commendable research and development initiatives led by the key players of the Landfill Gas market will assure notable growth opportunities.
In this Landfill Gas market study, the following years are considered to project the market prospects: History Year: 2012 – 2016Base Year: 2012Estimated Year: 2026Forecast Year: 2017 – 2026 The regional segmentation of the Landfill Gas market is done as follows: North AmericaLatin AmericaEuropeJapanAPEJMEAKey end-users covered in the study include:Direct UseUpgradedCompanies profiled in the report are: Shanghai Chengtou Holding Co., Ltd.Vectren CorporationGranite Acquisition, Inc.Aria Energy CorpKohler Co., IncTo Know More Clear Details about This Report, Ask The Analyst @ https://www.factmr.com/connectus/sample?flag=AE_id=429 Why Fact.MR?
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