Global Landfill Gas Market 2018-2022
About this market
Smart landfills to drive growth in the market. Although the countries around the world have been driving their efforts toward recycling the waste than landfilling, landfills can be better managed, particularly in the developing countries. Technavio’ s analysts have predicted that the landfill gas market will register a CAGR of almost 4% by 2022.
Growing demand for energy worldwide
According to IEA, the global energy demand is expected to increase by 30% by 2040. The growing demand for energy is attributable to factors such as the global economic growth at a rate of 3.4% annually and expanding population worldwide, which is expected to increase from 7.4 billion in 2017 to 9 billion 2040.
Lack of ambient conditions for landfill gas formation
The volume and rate of the landfill gas produced depends on different factors like the characteristics of waste as well as the external environmental factors. Thus, any change in the environment will affect the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the landfill gas market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Veolia and Waste Management the competitive environment is quite intense. Factors such as the rising demand for energy worldwide and the smart landfills, will provide considerable growth opportunities to landfill gas manufactures. Ameresco, Aria Energy, Energy Developments, Veolia, and Waste Management are some of the major companies covered in this report.
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