Analysis of Landfill Gas Industry Analysis in East Asia Covering Countries Includes Analysis of China, Japan, and South Korea
As per a recently published market study by Fact.MR, demand for landfill gas in East Asia is pegged at a market value of US$ 95.6 million in 2024. The East Asia market is projected to expand at 9.8% CAGR and reach US$ 243.7 million by the end of 2034.
Increasing demand for energy in East Asia is predicted to attract new trends in the regional market. Landfill gas, especially methane, is harnessed and utilized as a renewable source of energy. Methane is one of the prominent greenhouse gases. Its adoption in energy production is predicted to assist in reducing adverse environmental impacts.
Most countries in the region are focusing on environmental sustainability. During the decomposition of organic waste, landfill gas is received as a byproduct in the landfill. Capturing and utilizing landfill gas prevents its release into the atmosphere, thereby reducing greenhouse gas emissions and helping combat climate change.
Certain policies and incentives are implemented by East Asian countries to promote the adoption of renewable energy sources. Tax breaks, favorable regulations, and subsidies are offered by governing bodies to the projects associated with landfill gas utilization. These organizations encourage the development of renewable energy to minimize the dependency on fossil fuels and achieve sustainability goals.
| Report Attributes | Details |
|---|---|
| Landfill Gas Sales in East Asia (2024E) | US$ 95.6 Million |
| Projected Sales (2034F) | US$ 243.7 Million |
| Demand Growth (2024 to 2034) | 9.8% CAGR |
| Demand Growth in South Korea (2024 to 2034) | 9.5% CAGR |
| Demand Growth in Japan (2024 to 2034) | 8.9% CAGR |
| Sales in China (2024) | US$ 36.9 Million |
| Market Share of Electricity Segment (2024E) | >72% |
| Key Companies Profiled | Veolia; China Everbright International; Taiwan Waste Services Corporation; Korea Environment Corporation; Tokyo Gas; Hitachi Zosen Corporation; Mitsubishi Heavy Industries; Sembcorp Industries; Samsung C&T Corporation; Lotte E&C |
“Focus on Reducing Dependency on Non-Renewable Fossil Fuel”
Energy requirements in East Asia are forecasted to increase on the back of several factors, including urbanization, economic development, population growth, and industrialization. These surging requirements are predicted to lead to a rising focus on exploring sustainable and alternative energy sources to match the increasing need and address environmental concerns.
Landfill gas is composed of methane primarily and offers opportunities as one of the popular sources of renewable energy. Methane, as a potent greenhouse gas, contributes significantly to global warming instead of carbon dioxide. Landfills are prominent sources of methane emissions because of the decomposition of organic waste in low-oxygen conditions.
Methane contributes significantly to energy production. First, it mitigates methane release into the atmosphere, thus minimizing its environmental impact. Instead of releasing methane into the air, it is captured for energy utilization and therefore used significantly in greenhouse gas mitigation.
Conversion of landfill gas, especially methane, into usable energy, including heat or electricity provides a sustainable and renewable energy source. This procedure is predicted to minimize dependency on non-renewable fossil fuels, including natural gas, oil, and coal, contributing to a more environment-friendly and diversified energy mix.
“Technological Advancements in Collection and Refinement of Gas”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 36.9 Million |
| Growth Rate (2024 to 2034) | 11.1% CAGR |
| Projected Value (2034F) | US$ 105.8 Million |
Constant technological advancements are taking place in the collection and refinement of gas, thereby making the process more cost-effective and efficient. Improved gas collection systems along with purification techniques are forecasted to enhance the landfill gas quality while contributing to its increased popularity among buyers.
Educating potential buyers and the public about the advantages of landfill gas as one of the popular renewable energy sources is predicted to contribute to revenue streams. In addition, highlighting the advantages of landfill gas, including contributing to sustainability goals and minimizing greenhouse gas emissions, is predicted to attract more investors and buyers.
“Supportive Government Policies Stimulating Adoption of Landfill Gas”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 43 Million |
| Growth Rate (2024 to 2034) | 8.9% CAGR |
| Projected Value (2034F) | US$ 101 Million |
Government support is crucial for the promotion of renewable energy use. Certain policies, including tax benefits, subsidies, and feed-in tariffs, and regulations to support the use of landfill gas as a sustainable energy source are predicted to contribute to revenue streams. Commitment to renewable energy targets is predicted to create a favorable environment for market growth in Japan.
Collaboration between research institutions, private companies, and government entities is foreseen to foster innovation and generate a robust environment for growth opportunities. Partnerships facilitate the development of better technologies to increase production effectiveness.
“Rising Awareness about Climate Change and Focus on Sustainable Electricity Generation”
| Attribute | Electricity |
|---|---|
| Segment Value (2024E) | US$ 69.4 Million |
| Growth Rate (2024 to 2034) | 9.8% CAGR |
| Projected Value (2034F) | US$ 177 Million |
Countries in East Asia are adopting renewable energy sources to minimize greenhouse gas emissions and at the same time combat climate change. As a renewable energy source, landfill gas is generally sought after to match these goals, as it provides a way for energy generation while minimizing dependency on fossil fuels.
Growing awareness about climate change and environmental footprints is predicted to lead to a significant shift to cleaner energy sources. Landfill gas is adopted to mitigate emissions of greenhouse gases by capturing and using methane for electricity generation instead of its release into the atmosphere.
Providers of landfill gas in East Asia are investing in strengthening their supply chain management systems, quality control of products, and innovation.
Some key technology providers and companies involved in the systems, equipment, and expertise necessary to collect, purify, and use landfill gas in East Asia are Veolia, China Everbright International, Taiwan Waste Services Corporation, Korea Environment Corporation, Tokyo Gas, Hitachi Zosen Corporation, Mitsubishi Heavy Industries, Sembcorp Industries, Samsung C&T Corporation, and Lotte E&C.
What is the sales projection for landfill gas in East Asia?
Sales of landfill gas in East Asia are estimated at US$ 95.6 million in 2024.
What is the demand outlook for landfill gas by 2034?
Demand for landfill gas in East Asia is forecasted to reach a market value of US$ 243.7 million by 2034.
What is the forecasted growth rate for the East Asian market?
The market in East Asia is projected to expand at 9.8% CAGR from 2024 to 2034.
At what rate is the demand for landfill gas projected to rise in South Korea?
Demand for landfill gas in South Korea is predicted to advance at a CAGR of 9.5% from 2024 to 2034.
What is the predicted valuation of the market in Japan for 2034?
The Japan market is projected to reach US$ 101 million by the end of 2034.
What portion of the market is predicted to be held by the electricity segment?
The electricity segment is estimated to account for 72% share of regional market revenue in 2024.
At what rate is the demand for landfill gas projected to rise in China?
Demand for landfill gas in China is forecasted to increase at 11.1% CAGR from 2024 to 2034.
Table 01: East Asia Industry Value (US$ Mn) Analysis, by Use Case, 2018 to 2023
Table 02: East Asia Industry Value (US$ Mn) Analysis, by Use Case, 2024 to 2034
Table 03: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Use Case, 2024 to 2034
Table 04: East Asia Industry Value (US$ Mn) Analysis, by Composition, 2018 to 2023
Table 05: East Asia Industry Value (US$ Mn) Analysis, by Composition, 2024 to 2034
Table 06: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Composition, 2024 to 2034
Table 07: East Asia Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 08: East Asia Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 09: East Asia Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 10: China Industry Value (US$ Mn) Analysis, by Use Case, 2018 to 2023
Table 11: China Industry Value (US$ Mn) Analysis, by Use Case, 2024 to 2034
Table 12: China Industry Value (US$ Mn) Opportunity Analysis, by Use Case, 2024 to 2034
Table 13: China Industry Value (US$ Mn) Analysis, by Composition, 2018 to 2023
Table 14: China Industry Value (US$ Mn) Analysis, by Composition, 2024 to 2034
Table 15: China Industry Value (US$ Mn) Opportunity Analysis, by Composition, 2024 to 2034
Table 16: Japan Industry Value (US$ Mn) Analysis, by Use Case, 2018 to 2023
Table 17: Japan Industry Value (US$ Mn) Analysis, by Use Case, 2024 to 2034
Table 18: Japan Industry Value (US$ Mn) Opportunity Analysis, by Use Case, 2024 to 2034
Table 19: Japan Industry Value (US$ Mn) Analysis, by Composition, 2018 to 2023
Table 20: Japan Industry Value (US$ Mn) Analysis, by Composition, 2024 to 2034
Table 21: Japan Industry Value (US$ Mn) Opportunity Analysis, by Composition, 2024 to 2034
Table 22: South Korea Industry Value (US$ Mn) Analysis, by Use Case, 2018 to 2023
Table 23: South Korea Industry Value (US$ Mn) Analysis, by Use Case, 2024 to 2034
Table 24: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Use Case, 2024 to 2034
Table 25: South Korea Industry Value (US$ Mn) Analysis, by Composition, 2018 to 2023
Table 26: South Korea Industry Value (US$ Mn) Analysis, by Composition, 2024 to 2034
Table 27: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Composition, 2024 to 2034
Figure 01: East Asia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: East Asia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: East Asia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: East Asia Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: East Asia Industry Share and BPS Analysis by Use Case, 2024 & 2034
Figure 06: East Asia Industry Y-o-Y Growth Projections by Use Case, 2024 to 2034
Figure 07: East Asia Industry Attractiveness Analysis by Use Case, 2024 to 2034
Figure 08: East Asia Industry Share and BPS Analysis by Composition, 2024 & 2034
Figure 09: East Asia Industry Y-o-Y Growth Projections by Composition, 2024 to 2034
Figure 10: East Asia Industry Attractiveness Analysis by Composition, 2024 to 2034
Figure 11: East Asia Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 12: East Asia Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 13: East Asia Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 14: China Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 15: China Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: China Industry Value Y-o-Y Growth and Forecast, 2034
Figure 17: China Industry Incremental $ Opportunity, 2024 to 2034
Figure 18: China Industry Share and BPS Analysis by Use Case, 2024 & 2034
Figure 19: China Industry Y-o-Y Growth Projections by Use Case, 2024 to 2034
Figure 20: China Industry Attractiveness Analysis by Use Case, 2024 to 2034
Figure 21: China Industry Share and BPS Analysis by Composition, 2024 & 2034
Figure 22: China Industry Y-o-Y Growth Projections by Composition, 2024 to 2034
Figure 23: China Industry Attractiveness Analysis by Composition, 2024 to 2034
Figure 24: Japan Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 25: Japan Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 26: Japan Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 27: Japan Industry Incremental $ Opportunity, 2024 to 2034
Figure 29: Japan Industry Share and BPS Analysis by Use Case, 2024 & 2034
Figure 29: Japan Industry Y-o-Y Growth Projections by Use Case, 2024 to 2034
Figure 30: Japan Industry Attractiveness Analysis by Use Case, 2024 to 2034
Figure 31: Japan Industry Share and BPS Analysis by Composition, 2024 & 2034
Figure 32: Japan Industry Y-o-Y Growth Projections by Composition, 2024 to 2034
Figure 33: Japan Industry Attractiveness Analysis by Composition, 2024 to 2034
Figure 34: South Korea Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 35: South Korea Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 36: South Korea Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 37: South Korea Industry Share and BPS Analysis by Use Case, 2024 & 2034
Figure 38: South Korea Industry Y-o-Y Growth Projections by Use Case, 2024 to 2034
Figure 39: South Korea Industry Attractiveness Analysis by Use Case, 2024 to 2034
Figure 40: South Korea Industry Share and BPS Analysis by Composition, 2024 & 2034
Figure 41: South Korea Industry Y-o-Y Growth Projections by Composition, 2024 to 2034
Figure 42: South Korea Industry Attractiveness Analysis by Composition, 2024 to 2034
Landfill Gas Industry Analysis in East Asia