openPR Logo
Press release

Coal Bed Methane Market expected to garner $17,956 Million value by 2023 : Asia-Pacific, China is estimated to grow at a highest CAGR during the forecast period

02-13-2019 04:00 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Coal Bed Methane Market

Coal Bed Methane Market

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.

A new report published by Allied Market Research titled, Coal Bed Methane Market by Application- Global Opportunity Analysis and Industry Forecast, 2017-2023,, stats that the coal bed methane market was valued at $9,089 million in 2016, and is projected to reach at $17,956 million by 2023, growing at a CAGR of 9.0% from 2017 to 2023. North America dominates the coal bed methane (CBM) market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.

Request Sample/ TOC Report @ https://www.alliedmarketresearch.com/request-sample/488

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.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/488

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.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 garner $17,956 Million value by 2023 : Asia-Pacific, China is estimated to grow at a highest CAGR during the forecast period here

News-ID: 1585948 • Views: 324

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Coal

Anthracite Coal Market Precise Outlook 2020- Siberian Anthracite, Blaskchak Coal …
The report begins with the overview of the Anthracite Coal Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation. The forecast market information, SWOT analysis, Anthracite Coal market scenario, and feasibility study are the vital
What's driving the Coal Liquefaction Market trends? Shenhua Group Corporation Lt …
The Coal Liquefaction Market research report provides an overview of the current market Trend, incremental revenue, and future outlook of the Coal Liquefaction market. Scope of the Report: The worldwide market for Coal Liquefaction is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019, according to a new GIR (Global Info Research) study. Get Free Sample Copy Of
Steam Coal Market By Key Players: Peabody Energy, Siberian Anthracite, Arch Coal …
“Steam Coal” Market research report includes status and outlook of Global and major regions, from angles of players, countries, product types and end industries. This report analyses the top players in global market, and splits market by product type and applications/end industries. Steam coal, also known as thermal coal, is suitable for electric power production. Steam coal is ground into a fine powder that burns quickly at high heats and is
Global Bituminous Coal Market to 2019-2025| Evergreen Energy, Arch Coal, Alpha N …
Researchmoz (RMOZ) added Most up-to-date research on "Global Bituminous Coal Market Insights, Forecast to 2025" to its huge collection of research reports. Global Bituminous Coal market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate
Global Metallurgical Coal Consumption Market
Over the next five years, our projects that Metallurgical Coal will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017. This report presents a comprehensive overview, market shares, and growth opportunities of Metallurgical Coal market by product type, application, key manufacturers and key regions. Download FREE Sample of this Report @ https://www.24marketreports.com/report-sample/global-metallurgical-coal-2018-2023-323 To calculate the market size, we Information considers value and
Global Clean Coal Technology Market
Market Study Report Add New Global Clean Coal Technology Market by Manufacturers, Countries, Type and Application, forecast to 2023 to its research database presenting a deep study of the market growth factors and drivers. The report spread across 109 pages with table and figures in it. This report studies the Clean Coal Technology market. Clean coal technology is a collection of technologies being developed to attempt to help lessen the environmental