Landfill Gas Market Size, Share, Growth Analysis, By Application (Electricity, Direct Use, Combined Heat & Power, Alternate Fuels), By Region - Industry Forecast 2024-2031

Global Landfill Gas Market size was valued at USD 1.4 billion in 2022 and is poised to grow from USD 1.52 billion in 2023 to USD 2.9 billion by 2031, at a CAGR of 8.3% during the forecast period (2024-2031).

The depletion of conventional energy resources is projected to drive the demand for landfill gas in industrial and commercial power generation. Landfill gas can be treated to enhance its calorific value by reducing carbon dioxide, nitrogen, and oxygen content. This makes it suitable for industrial and commercial applications, providing a cost-effective alternative to natural gas. Landfill gasses, primarily methane and carbon dioxide, contribute to climate change as greenhouse gasses. Methane is particularly potent as a heat-trapping gas, being around 25 times more powerful than carbon dioxide.

By collecting and utilizing landfill gas, the emission of methane and carbon dioxide into the environment can be reduced. Many governments support waste management initiatives, favoring the growth of the global landfill gas industry. However, the high setup cost to maintain optimum moisture levels for organic waste decomposition poses a challenge. Insufficient moisture affects the biological processes responsible for gas formation.

Despite these challenges, the increasing use of landfill gas and the abundance of solid waste present opportunities for market players. It is important to address the potential soil and water contamination and the issues associated with methane emissions from landfill decomposition, which restrain the growth of the landfill gas market.

US Landfill Gas Market is poised to grow at a sustainable CAGR for the next forecast year.