Reduction in usage of conventional energy resources and rise in applications of landfill gas in the commercial and industrial sector are primary factors driving the growth of the global landfill gas market.
PORTLAND, Ore., Sept. 6, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Landfill Gas Market by Application (Electricity, Direct Use, Combined Heat & Power and Alternate Fuels: Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global landfill gas industry was worth $1.4 billion in 2020, and is anticipated to reach $2.8 billion by 2030, showcasing a CAGR of 7.4% from 2021 to 2030.
Prime drivers of the market growth
Governments of many countries are undertaking waste management initiatives, helping the growth of the global landfill gas market. However, the high set-up cost needed to maintain the required moisture level to facilitate the organic waste decomposition is anticipated to hinder the market growth. Moreover, landfill gas may contaminate the soil and water, and the methane gas produced from the decomposition cause problems, restraining the growth of the landfill gas market. Contrarily, rise in the use of landfill gas and abundant availability of solid waste is anticipated to offer attractive opportunities for the key market players.
Download Sample PDF (350 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/6740
Covid-19 Scenario
- The unavailability of the labour force and uncertainties hindered transportation facilities during Covid-19 pandemic and put many energy producers in a tight situation.
· The rise in the presence of harmful gas and the presence of breeding sites for various harmful bacteria which can cause harmful disease during the COVID pandemic are a couple of factors leaving a positive impact on the development of the landfill gas market.
The electricity application segment will maintain the leading position throughout the forecast period
Based on application, the electricity segment contributed for the highest market share in 2020, accounting for more than three-fourths of the global landfill gas market, and is projected to maintain the leading position during the forecast period. This lead is attributed to the rise in the use of portable electronic devices and electric energy source-based products.
On the other hand, the alternate fuels segment is anticipated to manifest the highest CAGR of 9.5%
from 2021 to 2030, owing to the depletion of fossil fuels and the rise in demand for fossil fuels leading to the search and innovation of alternative fuels such as CNG and LNG from landfills.
Get detailed COVID-19 impact analysis on the Landfill Gas Market: https://www.alliedmarketresearch.com/request-for-customization/6740?reqfor=covid
North America to maintain its lead by 2030
Based on region, North America held the highest market share in 2020, contributing to nearly three-fifths of the global landfill gas market, and is expected to dominate the market by 2030. This lead is possible due to the rise in health and environmental awareness among the people. The rise in technology across the world have offered various developments in the applications of energy utilization and processing of biofuels from biodegradable wastes.
On the other hand, Asia-Pacific is accounted for the highest CAGR of 9.1% from 2021 to 2030, owing to the increase in the demand for electricity and reduction in the pollution caused due to landfilling. Moreover, the rise in environmental concerns and increase in investments in R&D by key players caused an increase in the sales footprint.
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/landfill-gas-market/purchase-options
Leading Market Players
- Covanta Holding Corporation,
- Waste Management, Inc.,
- Veolia Environnement S.A,
- SUEZ SA, Kohler Co., Inc.,
- Aria Energy Corp,
- Granite Acquisition, Inc.,
- Vectren Corporation
- Shanghai Chengtou Holding Co., Ltd.
- Pennon Group Plc.,
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
Green power market is projected to reach $103.5 billion by 2027, growing at a CAGR of 12.3% from 2021 to 2027.
Cogeneration Equipment Market is projected to reach $51.9 bn by 2030, growing at a CAGR of 9.4% from 2020 to 2030.
Waste to Energy Market is projected to reach $50.1 billion by 2027, growing at a CAGR of 4.6% from 2020 to 2027.
Green Hydrogen Market is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028.
Next Generation Biofuels Market is projected to reach $59.4 billion by 2030, growing at a CAGR of 26.4% from 2021 to 2030.
Wind Energy Market is projected to reach $127.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027.
Solar Energy Market is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.
Pre-Book Now with 10% Discount:
Wind Electric Power Generation Market: Analysis and Industry Forecast, 2020–2027
Micro Combined Heat & Power Market – Global Analysis and Forecasts, 2021-2028
Power Generation Market: Global Analysis and Industry Forecast, 2020- 2027
World Combined Heat Power Market – Analysis and Industry Forecasts, 2021-2028
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter
SOURCE Allied Market Research