Universal $19.82 Bn Coal Bed Methane (CBM) Market | Reliance Power Limited, Essar Oil, Chevron, BP P.L.C., Royal Dutch Shell plc, Arrow Energy, Weatherford, Dart Energy Corporation, PetroChina International Co., Santos Ltd., ConocoPhillips Co., Fortune Oi

A Research Study Titled, “Coal Bed Methane (CBM) Market by Application - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the coal bed methane (CBM) market is projected to be around $ 19.82 billion by 2025.

Coal Bed Methane (CBM) - Competitive Insights:

The key market players for the global coal bed methane market are Reliance Power Limited, Essar Oil, Chevron, BP P.L.C., Royal Dutch Shell plc, Arrow Energy, Weatherford, Dart Energy Corporation, PetroChina International Co., Ltd., Santos Ltd., ConocoPhillips Co., Fortune Oil Corporation, and Encana Group, Green Dragon Gas Ltd., Sydney Gas Ltd., Black Diamond Energy, Inc., Pioneer Natural Resource Great Eastern Energy Petronas. Major companies have followed merger, expansion, and product development as their schemes to maintain the strong market competition.

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Coal Bed Methane (CBM) - Industry Trend Analysis:

The global Coal Bed Methane (CBM) market was worth USD 9.21 billion in the year of 2016 and is anticipated to reach approximately USD 19.82 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 8.89% during the forecast period. The load on the national power grids of emerging countries will be less owing to the increased implementation of coal bed methane (CBM) as a substitute to electricity. Power breakdowns along with an inadequate approach to clean energy can be defeated by utilizing this technology. Biggest CBM stockpiles in Africa discovered by the South African Development Community (SADC), particularly Zimbabwe can certainly amend the economies and can also trim down imports thus boosting the coal bed methane market. CBM can be proficiently employed as a fertilizer with methane which is a source of ammonia utilized in half of the fertilizer market worldwide. Coal bed methane market is vital in supporting food production pace, thus meeting the rising population and its requirements. A CBM based company; Essar is presently rendering 1 million cubic meters of the essential gas to Matix Fertilizers and Chemicals. CBM can be promptly transformed into ethanol, petrol or diesel, retrievable CBM has the capability to be accumulated in canisters or be utilized as a household fuel. Fischer-Tropsch blend model has established to be a proficient method to change a mixture of hydrogen and carbon monoxide into numerous CBM by-products and liquid hydrocarbons. Featuring the potential to grip the requirement of fossil fuels, coal bed methane market is likely to demonstrate robust growth over the forecast period. Rising implementation of alternative energy sources due to the requirement of clean energy will establish to be an advantage for CBM. Coal bed methane (CBM) market has the perspective to present an alternative to the traditional energy sources and can help in trimming down the greenhouse emissions that can sequentially open new approaches for its business growth. For example, coal bed methane market has the possibility to transform Zimbabwe’s balance of sum by cutting down the import of fertilizers and petroleum products which calculates for 32% of the country’s total imports.

Coal Bed Methane (CBM) - Technology Outlook and Trend Analysis:

Based on technology, the market industry is split into parallel boring and CO2 segregation and hydraulic breaking that guides the market, due to the technological innovations accomplished in this technique attached with its ease of utilization and will further balance the coal bed methane market during forecast years.

The global coal bed methane market is segmented as follows-

Coal Bed Methane (CBM) - By Technology:

Horizontal drilling and hydraulic fracturing
Proppants

Coal Bed Methane (CBM) - By Application:

Industrial
Power Generation
Transportation
Commercial
Residential

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Coal Bed Methane (CBM) - Application Outlook and Trend Analysis:

Coal bed methane has several applications involving, producing liquefied petroleum gas, power generation, pharmaceutical industries, gas engine systems together with furnishing basis of plastics and propelling gas turbines. CBM with balanced amounts of methane gas may also be utilized to restore traditional natural gas along with determining its use as a propeller fuel in vehicles. In 2015, Petroleum and Explosives Safety Organization of India (PESO) released 7 licenses to distribute CBM as an automotive fuel in across the state. Rigorous dewatering is required to remove the gas linked with other characteristics of methane to behave as a greenhouse gas are prone to hinder the growth of coal bed methane market over the forecast period. Groundwater commotion and reduction of groundwater level due to insertion of additives and drawing of groundwater will further limit the industry growth. Coal bed methane market can be sectioned based on an application containing the commercial, industrial, residential, power generation and transportation.

Coal Bed Methane (CBM) - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Coal Bed Methane (CBM) - Regional Outlook and Trend Analysis:

Coal bed methane market can be divided into the region as, Europe, Latin America, North America, Asia-Pacific, and MEA. North America guided by the United States is presently holding the highest share. The country has 10 main valleys and 48 producing states, furthermore, uncharted reserves of Alaska will preserve the status of North American industry over the forecast period. Europe and Asia-Pacific will experience high growth rates due to the huge unexplored stockpiles in Australia, Russia, India, and China. Latin America and MEA is predicted to testify a fair growth. Lack of suitable infrastructure could establish a hindrance to the growth of coal bed methane market.

Coal Bed Methane (CBM) - List of Tables:

Table 1.Coal Bed Methane (CBM) Market, By Technology ($Million), 2016-2025
Table 2.Horizontal drilling and hydraulic fracturing Market, By Region ($Million), 2016-2025
Table 3.Proppants Market, By Region ($Million), 2016-2025
Table 4.Coal Bed Methane (CBM) Market, By Application ($Million), 2016-2025
Table 5.Industrial Market, By Region ($Million), 2016-2025
Table 6.Power Generation Market, By Region ($Million), 2016-2025
Table 7.Transportation Market, By Region ($Million), 2016-2025
...

Coal Bed Methane (CBM) - List of Figures:

Figure 1.Coal Bed Methane (CBM) Market Share, By Technology, 2016 & 2025 ($Million)
Figure 2.Coal Bed Methane (CBM) Market, By Application, 2016 & 2025 ($Million)
Figure 3.Coal Bed Methane (CBM) Market, By Region, 2016, ($Million)
Figure 4.Royal Dutch Shell plc.: Net Revenues, 2014-2016 ($Million)
Figure 5.Royal Dutch Shell plc.: Net Revenue Share, By Segment, 2016
...

Key findings of the Coal Bed Methane (CBM) Market -

• Global coal bed methane (CBM) market was evaluated at around USD 9.21 billion in 2016 and is expected to reach USD 19.82 billion by 2025 with compound annual growth rate (CAGR) of 8.89% from 2016 to 2025.

• Industrial applications and power generation prevailed CBM utilization, reporting for over 64% of volumes in 2013 worldwide, with the earlier expected to be the top emergent CBM market.

• Canada and U.S. are the major CBM manufacturers, reporting for around 70% of global volume in 2013.

• Asia Pacific is anticipated to be the most active regional market, with considerable undiscovered stockpiles. Indonesia, India, and China are likely to lead the Asian CBM industry. The Chinese Land and Resources Ministry has already declared plans to generate 16 billion m3 of coal bed methane by 2015, whereas Indonesia has previously inspected 1,000 bcf net reserves and has set the target of around 15,000 bcf by 2020.

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