Landfill gas (LFG) is a natural byproduct of the decomposition of organic compounds and waste components in landfills. LFG is composed of approximately 90 to 98% methane and carbon dioxide. The remaining 2 to 10% includes oxygen, nitrogen, sulfides, ammonia, hydrogen and several other gases. Landfill gases are produced when bacteria break down organic waste. The quantity of these landfill gases depends on the type of waste present in the landfill, the amount of moisture, oxygen content, the age of the landfill, and temperature.
The global landfill gas market has been seeing ample growth from the past few years. The primary factors behind the market growth are increasing use of landfill gases in electricity generation and rapid increase in waste management initiatives across the world. Moreover, growing demand for energy along with the demand for reduced cost of energy is further expected to improve market growth. In addition, LFG is used in power generation for industrial and commercial needs depending on the quantity available. Owing to their high efficiency and low cost, LFGs are widely used in internal combustion engines, which is ultimately propelling the market growth.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the landfill gas market. In addition, complete analysis of changes on landfill gas market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The study analyses global landfill gas market based on application and geography.
Major applications of the global landfill gas market are electricity, direct use, combined heat & power, and alternate fuels. The electricity application segment is further bifurcated into internal combustion & reciprocating engines, gas turbines and micro turbines. Similarly, direct use and alternate fuel segments are again sub-segmented into boilers, direct thermal & lachate evaporation and others and pipeline fuels and vehicle fuels respectively.
The electricity application segment is expected to dominate the global landfill gas market during the forecast period. Approximately 70% of currently operational landfill gas energy projects in the United States generate electricity. A range of technologies, including turbines, reciprocating internal combustion engines, fuel cells and micro turbines, can be used to generate electricity for onsite use and/or sale to the grid. The reciprocating internal combustion engines is the most widely used conversion technology for landfill gas electricity applications owing to its high efficiency, relatively low cost, and size ranges that complement the gas output of many landfills. And gas turbines are normally used in larger landfill gas energy projects while micro turbines are commonly used for smaller landfill gas volumes and in niche applications.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global landfill gas market and is likely to dominate the market over the estimated time frame. Major growth factors such as increasing use of landfill gases in applications such as electricity generation and renewable energy gas is attributed to the market growth. In addition, rising use of landfill gas directly in a dryer, boiler, greenhouse, kiln, or other thermal application is further propelling the growth of the market.
The major key players of market include Waste Management, Inc, Covanta Holding Corporation, Veolia, Environment S.A, Pennon Group Plc, SUEZ SA, Kohler Co., Inc, Aria Energy Corp, Granite Acquisition, Inc, Vectren Corporation and Shanghai Chengtou Holding Co., Ltd among others.
July 2021: EQT infrastructure announced its plan to acquire Covanta Holding Corporation, a global Waste-to-Energy solution company, for USD 5.3 billion
April 2021: Suez agrees to sell its recycling and recovery business in Australia to Melbourne-based Cleanaway for A$ 2.5 billion ($1.9 billion)
March 2019: Vectren announced it has received approval from the Indiana Utility Regulatory Commission (IURC) to construct a 50-megawatt (MW) universal solar array in eastern Spencer County as part of Vectren’s long-term electric generation transition plan
January 2017: Castle Peak Power Company Limited (CAPCO), announced an agreement between CAPCO and the West New Territories (WENT) Landfill contractor, a subsidiary of SUEZ, to support the Government’s strategy of helping renewable energy and waste-to-energy initiatives. Under this agreement CAPCO will install power generation units on the site which will utilize landfill gas as fuel.
The study analyses global landfill gas market based on application, and geography. Major applications of the global landfill gas market are electricity, direct use, combined heat & power, and alternate fuels. The electricity segment is likely to register fastest growth in years to come owing to the growing adoption of landfill gases in energy generation application across the globe. The electricity application segment is further bifurcated into internal combustion & reciprocating engines, gas turbines and micro turbines. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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