Landfill Gas Capture And Utilization Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | BP PLC; Veolia Environnement SA; Enbridge Inc.; NextEra Energy Inc.; Waste Management Inc. (WM)

Overview and Scope
Landfill gas capture and utilization refers to the process of collecting methane emissions from landfills and converting them into energy or other usable forms. This process helps reduce the environmental effects of landfill gas emissions, such as greenhouse gas emissions and air pollution, while also utilizing the potential energy content of waste gas for positive purposes.

Sizing and Forecast
The landfill gas capture and utilization market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increased environmental awareness, rise in regulatory pressure, growth in demand for renewable energy, increased landfill gas emissions, rise in energy costs.

The landfill gas capture and utilization market size is expected to see strong growth in the next few years. It will grow to $4.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing waste generation rates, growing public awareness, increasing collaboration across industries, rising energy demand, increasing urbanization. Major trends in the forecast period include technological advancements, adoption of sustainable landfill management practices, integration of renewable natural gas, and microbial fuel cells.

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Segmentation & Regional Insights
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

North America was the largest region in the landfill gas capture and utilization market in 2023. 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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Major Driver Impacting Market Growth
The rising demand for renewable energy is expected to propel the growth of the landfill gas capture and utilization market going forward. Renewable energy is defined as energy obtained from natural resources that regenerate on a human timescale, such as sunshine, wind, rain, tides, waves, and geothermal heat. The demand for renewable energy is rising due to environmental awareness, policy support, and corporate sustainability goals. Landfill gas capture and utilization meet renewable energy demand by harnessing the potential of methane gas emitted from decomposing organic waste in landfills. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, renewable electricity generation reached a record high of 39.9 terawatt-hours in the fourth quarter of 2023, marking a 4.9% increase compared to the same period in 2022. Moreover, renewables reached a new high, accounting for 47.3% of electricity generation. Therefore, the rising demand for renewable energy is driving the growth of the landfill gas capture and utilization market.

Key Industry Players
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

The landfill gas capture and utilization market report table of contents includes:

1. Executive Summary

2. Landfill Gas Capture And Utilization Market Characteristics

3. Landfill Gas Capture And Utilization Market Trends And Strategies

4. Landfill Gas Capture And Utilization Market – Macro Economic Scenario

5. Global Landfill Gas Capture And Utilization Market Size and Growth

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32. Global Landfill Gas Capture And Utilization Market Competitive Benchmarking

33. Global Landfill Gas Capture And Utilization Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Landfill Gas Capture And Utilization Market

35. Landfill Gas Capture And Utilization Market Future Outlook and Potential Analysis

36. Appendix