The Landfill Gas Market has been valued at US$ 1.5 billion in the year 2021 and it is estimated to reach US$ 2.9 billion by the year 2027, with a CAGR of 7.5% from 2022 to 2027. Landfill Gas is a natural byproduct of the decomposition of organic material in landfills. LFG is composed of roughly 50 percent methane (the primary component of natural gas), 50 percent carbon dioxide (CO2), and a small amount of non-methane organic compounds; these are the main factors that have considerably increased the demand for Landfill Gas in the market, thereby driving the huge growth of the Landfill Gas market in the upcoming years
Market Drivers and Restraints:
The main factors that have considerably increased the demand for Landfill Gas in the market are mainly due to the complex mixture of different gasses, is created by the action of microorganisms on the organic wastes within a landfill. This gas is composed of 40–60% methane and the rest is carbon dioxide. In addition, the presence of trace amounts of other hydrocarbons is found in the landfill gas. This gas mixture is primarily used as a fuel to generate heat through any type of combustion system and to produce electricity by using steam turbines or fuel cells; these are the main factors that have considerably increased the demand for Landfill Gas in the market, thereby driving the huge growth of the Landfill Gas market in the upcoming years
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The report is segmented as:
The landfill Gas Market is segmented on the basis of by:
By Application (Electricity (Internal combustion & reciprocating engines, Gas Turbines and Micro Turbines),
By Direct Use (Boilers, Direct thermal & Leachate Evaporation, and Others),
By Combined heat and power, Alternate fuels (Pipeline fuels and Vehicle Fuels))
Geographical Segmentation:
The Landfill Gas Market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and the rest of the world. North America has the dominant share in Landfill Gas due to Rapid urbanization and a rise in disposal income these are the main factors that have considerably increased the demand for Landfill Gas in North America, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa will register a slower increase in the Landfill Gas Market
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Impact of COVID-19 on the Market
The covid-19 pandemic has impacted the growth of the Landfill Gas market, The COVID-19 started at the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected the Landfill Gas market. The covid-19 pandemic has impacted hugely the sales revenue of the Landfill Gas market. The government restrictions like lockdown in many countries has stopped the production of products by manufacturing companies, In recent days relaxation in restrictions by the government and people getting vaccinated to stop the spread of coronavirus are expected to raise the Landfill Gas market growth
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