Landfill Gas Market: Direct Use Application Segment to Gain High Market Share During the Period of Assessment

Posted on 2019-03-06 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Mar-06 — /EPR Network/ —Increasing demand for alternative energy sources has prompted the use of landfills containing biodegradable materials in production of combustible gases. A mixture of these gases, which is collectively identified as landfill gas, is used as a key source of supplying hydrocarbons in production of heat and other forms of energy. Governments from several parts of the world are adopting measures towards natural anaerobic decomposition of the collected organic waste in landfills.

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As a result of activities instrumented by microorganisms, a mixture of different gases being drawn from these landfills is finding an ideal replacement to fossil fuel components of natural gas. High in methane, the utilization of landfill gas continues to gain traction in domestic applications such as supplying power to homes in the form of natural gas. Easy procurement of landfill gas and low capital expenditure in production continues to relieve the stress on solar energy as the most exploited renewable energy resource.

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According to Fact.MR, the landfill gas market is expected to expand at a moderate CAGR with respect to value during the period of forecast, 2017-2026. Increasing demand for methane will continue to drive the production of landfill gas in the foreseeable future. The report estimates that by the end of 2026, landfill gas market would reach an estimate of over US$ 1 Bn. Effectiveness of landfill gas in supplanting natural gas across wide range of applications will further boost the expansion of global landfill gas market through 2026.

Direct use is typically used to substitute the nonrenewable sources, for instance, natural gas, oil and coal. The application of landfill gas as a renewable source of energy for direct use in dryers, boilers and other uses reduce emissions of methane thus protecting the environment. Owing to this fact, the direct use segment has gained high traction in the recent years. This segment is expected to lead the global market with a high market valuation and market share by the end of the year of assessment.

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Leading producers of landfill gas have been profiled in this report, which include Shanghai Chengtou Holding Co., Ltd., Vectren Corporation, Granite Acquisition, Inc., Aria Energy Corp, Kohler Co., Inc., SUEZ SA Pennon Group Plc., Veolia Environment S.A, Covanta Holding Corporation, and Waste Management, Inc. These companies are pegged to remain active in expansion of the global landfill gas market through 2026. Municipal solid waste will be viewed lucrative for production of landfill gas. Nevertheless, ecological imprint of methane and other greenhouse gases present in landfill gas will continue to challenge market players in extending their production capabilities.

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