Demand for alternative power sources has become more prominent since the past decade, raising the market value for landfill gas substantially. Growing adoption and comprehensive usage of renewable power sources such as solar energy will have significant contribution in raising the revenue of landfill gas suppliers.
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The latest edition of the landfill gas market study by Fact.MR talks about new trends, growth & restraining factors, and impact of COVID-19, while emphasizing on potential regions such as North America, Europe, and Asia Pacific. As per the report, the global landfill gas market is projected to ascend at over 5% CAGR through 2031.
Key Takeaways from Study
- Application in direct and upgraded usages to fuel sales
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- Germany remains at the forefront of the world’s largest landfill gas industry – Europe
- The United States to lead North America for landfill gas demand
- China to dominate in the world’s fastest-growing landfill gas industry – Asia Pacific
- The United Kingdom, Canada, India, Japan, and a few other countries to remain lucrative markets
Segmentation by Category
Application
- Direct Use
- Upgraded
- Others
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Region
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
Highly Beneficial Properties of Landfill Gas Propelling Demand
As natural gas has gained traction over the past decade, landfill gas suppliers have come across higher demand from around the globe. Some of the driving factors bolstering the sales of landfill gas are-
- Modern landfill gas is eco-friendly
- Highly helpful in segregating hazardous waste
- Cost-effective
- Helps in keeping the environment clean
- Landfills support local business and jobs
According to a report titled “Landfill Methane Outreach Program”, published by the United States Environmental Protection Agency (EPA) on 4th May 2020, there are several benefits of landfill gas energy projects, such as-
- Reduce greenhouse gas emissions
- Reduce air pollution by offsetting the use of non-renewable resources
- Create health and safety benefits
- Beneficial for the community and economy
- Reduce environmental compliance costs
These signify the high requirement for landfill gas, which is subject to spur the growth of players in this industry over the coming years.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/12/1867622/0/en/Portable-Fuel-Storage-Containers-Sales-Growing-in-Line-with-Digital-Disruption-and-Reinvention-Fact-MR.html
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