Landfill Gas Market is anticipated to grow at a CAGR of 7.37% from 2021 to 2027 globally - Axiom MRC
Landfill Gas Market is anticipated to grow at a CAGR of 7.37% from 2021 to 2027 globally - Axiom MRC
Date: November 2021
New York, September 2021: Axiom Market Research & Consulting™ added a report on landfill gas market which includes study on application and geography. The landfill gas market was projected to grow at a CAGR of 7.37% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (KT) generated by the landfill gas Market.
The factors like rapid increase in the waste management initiatives across the world and the increasing use of the landfill gases in the production of electricity are behind the growth of landfill gas market. Likewise, the growing demand for the energy along with the decrease in the cost of the energy is also expected to improve the growth of the landfill gas market in the near future.
The report analyses the global landfill gas market based on the application and geography. The application of the landfill gas market includes electricity (Internal Combustion & Reciprocating Engines, Gas Turbines, Micro Turbines), combined heat and power, direct use (boilers, direct thermal & lachate evaporation, others), and alternate fuels (pipeline fuels, vehicle fuels). The geography segment of the landfill gas market is studied across the regions like North America, Asia Pacific, Europe, and Rest of the World.
The electricity application segment is expected to dominate the landfill gas market
Around 70 percent of the currently operational energy projects of landfill gas in the United States are generating electricity, contributing towards the growth of the landfill gas market. The electricity application segment has a range of technologies including reciprocating internal combustion engines, micro turbines, turbines and fuel cells, which can be used for generating electricity for both onside use and sale to grid. The reciprocating combustion engines are the most widely used conversion technology in the landfill gas market across the globe.
North America Geographic Segment held highest market share in the landfill gas market
The factors such as increase in the use of landfill gases in the applications like renewable energy gas and generation of electricity has contributed to the growth of landfill gas market. The North America region is also estimated to dominate the landfill gas market during the forecast period.
Key Players
The key players in the landfill gas market are Waste Management, Inc., Covanta Holding Corporation, Environment S.A., Veolia, Pennon Group Plc, Suez SA, Aria Energy Corp., Kohler Co., Granite Acquisition, Inc, Shanghai Chengtou Holding Co., Ltd and Vectren Corporation among others.
