Coal Bed Methane Market Expected to Reach $17,956 Million, Globally, by 2023
Download Now! Sample PDF Brochure @ https://www.alliedmarketresearch.com/request-sample/488
Coal bed methane (coal seam methane) is a mixture of methane and trace quantities of light hydrocarbons, nitrogen, and CO2, which are generated during the geological transformation from peat to anthracite coal in underground coal seams.
The global coal bed methane market is driven by reduction in methane emissions associated with conventional fuels and coal mining, lower pricing of CBM compared to other unconventional natural gases, and generation of direct and indirect employment in the extraction of CBM. However, the large initial capital required for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in evaluation of CBM proposals hinder the market growth.
The industrial segment accounted for more than two-fifths share of the total CBM market in 2016, in terms of value, and is expected to maintain its dominance during the forecast period, owing to its chemical feedstock properties, heating, and power generation usage. However, application of CBM in transportation is expected to grow at highest rate due to low emission levels of methane.
Key Findings And Scope:
• In terms of value, the transportation segment is expected to grow at a CAGR of 9.8% during the forecast period.
• In Asia-Pacific, China is estimated to grow at a highest CAGR of 11.6%, in terms of value.
• Power generation application in terms of volume occupied around one-third share of the global market in 2015.
• Canada accounted for over one-fourth share of the coal bed methane market in 2016, and is expected to grow at a significant CAGR of 7.2%, in terms of value.
In 2016, North America and Asia-Pacific collectively accounted for almost the entire global CBM market, though Asia-Pacific is expected to grow at highest rate during the forecast period. High exploration and extraction frequency from the emerging countries, such as China, India, Indonesia, and Australia, are estimated to drive the market growth.
The major companies profiled in the report include Arrow Energy Holdings Pty Ltd., Baker Hughes, Inc., BG Group PLC., Blue Energy Ltd., BP PLC., China United Coal Bed Methane Corporation, Concophillips, Encana Corporation, Origin Energy Ltd., and Santos Ltd.
Check offers and discount on this report @ https://www.alliedmarketresearch.com/get-discount/488
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coal Bed Methane Market Expected to Reach $17,956 Million, Globally, by 2023 here
News-ID: 1304619 • Views: 182
More Releases from Allied Market Research
Overview Membrane Technology for Food and Beverage Processing Market Size, Share …
Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at
Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026
The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same
Power Bank Market Insights with Statistics and Growth Prediction 2018 to 2025
The growth of the global power bank market is driven by rising in demand for smartphones across the globe and an increase in sales of power banks on online portals & e-commerce websites. However, factors such as emerging trends of wireless charging and improved battery capacity of electronic devices hamper market growth. On the other hand, the development of solar & hydrogen fuel-based power banks and an increase in the
Shale Gas Market 2022 | Business Analysis and Evolutionary Growth
Shale gas is emerging as an ideal energy source, owing to its abundance, low carbon footprint and comparatively low price than conventional energy source such as natural gas, coal, nuclear and hydro. However, the issue of water scarcity due to the hydraulic fracturing technique may hamper its production. Moreover, the unstructured regulatory framework in the European countries may dampen its producers to some extent. The global shale gas consumption is
More Releases for CBM
Coal Bed Methane (CBM) Market Worldwide Industry Analysis & New Market Opportuni …
CBM refers to methane that is found in coal seams. It is formed during the process of coalification, the transformation of plant material into coal. CBM is also known as virgin coal seam methane or coal seam gas. It is widely considered an “unconventional” source of natural gas. In the United States, CBM is a valuable resource that accounts for about 5 percent of total U.S. natural gas production annually. Scope
China Coal Bed Methane (CBM) Industry 2016 Market Research Report
The China Coal Bed Methane (CBM) Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Coal Bed Methane (CBM) industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Coal Bed Methane (CBM) market analysis is provided for the China markets including development trends, competitive landscape analysis, and key regions development status. Request Sample Report
Global Coal Bed Methane (CBM) Consumption 2016 Market Research Report
The Global Coal Bed Methane (CBM) Consumption 2016 Market Research Report is a professional and in-depth study on the current state of the Coal Bed Methane (CBM) market. First, the report provides a basic overview of the Coal Bed Methane (CBM) industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures. Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=595637&ptitle=Global+Coal+Bed+Methane+%28CBM%29+Consumption+2016+Market+Research+Report&req=Sample Secondly, the report
United States Coal Seam Gas (CSG/CBM) Market Report 2021
This report studies sales (consumption) of Coal Seam Gas (CSG/CBM) in USA market, focuses on the top players, with sales, price, revenue and market share for each player, covering Apling Origin Energy Limited ConocoPhillips AAG Sulzer General Electric Company AGL Energy APPEA China Oil and Gas Holdings Limited China United Coalbed Methane Co., Ltd. PetroChina Coalbed Methane Co., Ltd. Sinopec Group Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=661685&ptitle=United+States+Coal+Seam+Gas+%28CSG%2FCBM%29+Market+Report+2021&req=Sample Split by product types, with sales, revenue, price, market share and growth rate of each type, can be
Coal Bed Methane (CBM) Market; North America and Asia Pacific to remain the larg …
MarketIntelReports published its new research analysis on Global Coal Bed Methane (CBM) Market, is professional and in-depth research report on the world's major regional market conditions of the Coal Bed Methane (CBM) industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Browse 153 Pages Global Coal Bed Methane Market Research Report http://www.marketintelreports.com/report/9dime6141/global-coal-bed-methane-cbm-market-research-report-2016 Report Brief: Coal bed methane (CBM or coal-bed methane),
CBM Services Enhances Estimating and Job Costing with Soffront CRM
Fremont, California, Tuesday, January 24, 2012 Soffront Software Inc., www.soffront.com, a leading provider of CRM software for 19 years, today announced that CBM Services Inc., www.servicesbycbm.com, has selected Soffront’s integrated CRM to enhance estimating and job costing. CBM Services provides commercial flooring restoration and maintenance. “We are looking forward to implementing Soffront across all divisions of our corporation,” said Alan Plotkin, CEO of CBM Services. “We needed a robust