The landfill gas to energy (lfgte) systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Landfill Gas To Energy (LFGTE) Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The landfill gas to energy (LFGTE) systems market size has grown strongly in recent years. It will grow from $5.62 billion in 2023 to $6.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing environmental regulations on landfill emissions, rising awareness of greenhouse gas reduction, economic incentives and tax credits for renewable energy projects, technological advancements in gas collection and processing, government mandates promoting waste-to-energy solutions, and growing landfill waste volumes necessitating sustainable management.
The landfill gas to energy (LFGTE) systems market size is expected to see strong growth in the next few years. It will grow to $8.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increased investment in renewable energy infrastructure, expansion of waste-to-energy policies, innovations in gas capture and conversion technologies, rising energy prices driving demand for alternative sources, growing interest in circular economy practices, and enhanced support and funding for renewable energy from international organizations. Major trends in the forecast period include the development of more efficient and cost-effective gas conversion technologies, integration with smart grid and energy storage solutions, automation and real-time monitoring, adoption of hybrid systems combining multiple waste-to-energy technologies, a focus on reducing operational costs for greater affordability, and increased collaboration between the public and private sectors to advance LFGTE initiatives.
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Scope Of Landfill Gas To Energy (LFGTE) Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Landfill Gas To Energy (LFGTE) Systems Market Overview
Market Drivers –
The growing demand for renewable and clean energy sources is expected to propel the growth of the landfill gas to energy (LFGTE) systems market going forward. Renewable and clean energy refers to energy derived from natural sources that are replenished on a human timescale, such as sunlight, wind, and geothermal heat. The demand for renewable and clean energy sources is rising due to growing environmental concerns, the need for sustainable energy solutions, advancements in technology, and government policies aimed at reducing greenhouse gas emissions and combating climate change. Landfill gas to energy (LFGTE) systems support renewable and clean energy by capturing methane from landfills and converting it into usable energy. This process reduces greenhouse gas emissions and provides a renewable energy source, thus contributing to cleaner energy production. For instance, in March 2024, according to the European Environment Agency, a Denmark-based provider of independent information on the environment, in 2022, 23% of the total energy consumed in the EU was sourced from renewables, reflecting an increase from 21.9% in 2021. Therefore, the growing demand for renewable and clean energy sources is driving the growth of the landfill gas to energy (LFGTE) systems market.
Market Trends —
Major companies operating in the landfill gas to energy (LFGTE) systems market are adopting a strategic partnership approach to enhance technology integration and expand market reach. A strategic partnership typically refers to a collaborative relationship between two or more organizations where they combine their resources, expertise, and efforts to achieve common goals or objectives. For instance, in November 2023, Environmental Solutions, Inc. (ESI), a US-based environmental solutions company specializing in renewable energy projects, in collaboration with Waste Connections Inc., a US-based waste management company, launched a pioneering renewable natural gas (RNG) processing facility at the Loess Hills Regional Sanitary Landfill. This facility, the first of its kind in western Iowa, converts landfill gas into methane and integrates it into a natural gas pipeline. Initially processing 1,500 standard cubic feet of gas per minute, it aims to increase to 4,000 cubic feet per minute over 15 years, powering nearly 14,000 homes annually. This project underscores ESI’s commitment to sustainable energy solutions and sets a new standard for environmental innovation in the Midwest.
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The landfill gas to energy (LFGTE) systems market covered in this report is segmented –
1) By Type: Type I, Type II, Type III, Type IV
2) By Capacity: Small Scale (Below 500 kW), Medium Scale (500 kW — 5 MW), Large Scale (Above 5 MW)
3) By Application: Electricity Generation, Direct Use, Combined Heat And Power (CHP), Vehicle Fuel
4) By End-User: Municipalities, Industrial Sector, Utilities, Commercial Enterprise
Regional Insights —
North America was the largest region in the landfill gas to energy (LFGTE) systems market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the landfill gas to energy (LFGTE) systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the landfill gas to energy (LFGTE) systems market are BP plc, E.ON SE, Veolia, Waste Management Inc., Republic Services Inc., KOHLER, Waste Connections Inc., NextEra Energy Resources, Renewi plc, Biffa Group, Ameresco Inc., Recology, Dynagreen Environmental Protection Group Co. Ltd., EDL Energy, Dongjiang Environmental Company Limited, Middlesex County Utilities Authority, Granger Waste Services, LMS Energy, BioCNG, Clarke Energy, METCO Engineering, Northeast-Western Energy Systems
Table of Contents
1. Executive Summary
2. Landfill Gas To Energy (LFGTE) Systems Market Report Structure
3. Landfill Gas To Energy (LFGTE) Systems Market Trends And Strategies
4. Landfill Gas To Energy (LFGTE) Systems Market — Macro Economic Scenario
5. Landfill Gas To Energy (LFGTE) Systems Market Size And Growth
…..
27. Landfill Gas To Energy (LFGTE) Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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