Coal Bed Methane Market Analysis By Growth, Emerging Trends And Future Opportunities Till 2030

This latest report by business intelligence provider Visiongain assesses that Coal Bed Methane Market spending will reach $14.8 billion in 2020, and is expected to reach $23.4 billion by 2023, registering a CAGR of 9.4% from 2020 to 2030. Coal bed methane (CBM) is the gas found in the majority of coal deposits. It is created during the process of coalification, where over millions of years plant material is converted into coal. Additionally, CBM is made up of pure methane, a clean-burning fuel that contains lesser impurities and requires minimal processing. It is regarded environmentally friendly than petroleum, carbon or even standard natural gas.

Reducing methane emissions from conventional fuels and coal mining, lowering CBM prices compared to other unconventional natural gases, and generating direct and indirect employment in CBM extraction drive global CBM market growth. The big original investment dedication to well drilling, stimulus, and water processing, and the complexity in estimating recoverable quantities in evaluating CBM projects, however, hamper market growth. Key market players have agreed to expand their brand portfolios and expand their market outreach as their key strategy.

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Favorable government initiatives towards use of unconventional resources will propel the coal bed methane market during the forecast timeline.

In acknowledging the importance of CBM, the Government of China initiated the creation of the Five-Year Plan requiring the nation to generate 50 billion m3 of CBM by 2020. Similarly, India's government has allocated 31 development blocks for CBM exploration and production to propel the industry. A substantial number of unexplored reserves will speed up the methane market for coal beds, boosting business growth leading to increased production. However, Russia is estimated to hold between 17 and 80 trillion m3 of total resources, political instability and market forces have restricted full-scale production.

It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain's report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage.

In the future the CBM industry may take an entirely new direction, becoming an essential player in carbon storage

The CBM industry may take a completely new direction in the future, becoming a key player in carbon storage. As applicants for CO2 sequestration, a range of improved coalbed gas (ECBM) initiatives explored unminable coal seams and deprived CBM areas. In general, organic materials that make up coals have a stronger CO2 affinity than methane. In a process similar to that used to recover secondary oil, CO2 is pumped into a coal seam and adsorbed by the coal while methane is displaced and released.

ECBM projects offer the opportunity to remove greenhouse gasses from the atmosphere and at the same time increase supplies of natural gas. The studies have moved from the data collection and analysis phase to implementation, and the results have encouraged the United States to lead the way in the early days of development of CBM. Australia, China and other nations are picking up rapidly. CBM is a global resource capable of becoming a major contributor to clean, plentiful energy.

Coal Has A Large Internal Surface Area, It Can Store Surprisingly Large Volumes Of Methane-Rich Gas

Large amounts of methane-rich gas are produced and deposited on inner layers within the coal during coalification. Because coal has such a big inner layer, it can store amazingly big quantities of methane-rich gas; it can carry six or seven times as much gas as a standard rock-sized natural gas reservoir.

Moreover, much of the coal, and therefore much of the methane, lies at shallow depths, making wells easy to drill and cheap to complete. Increased stress seals fractures (cleats) in the coal with higher size, thereby reducing the permeability and capacity of the gas to pass through and out the coal.

Exploration Costs For Coal-Bed Methane Are Low, And The Wells Are Cost Effective To Drill.

Coal-bed methane exploration costs are low and the wells are cost-effective for drilling. In most coals, methane occurs, and the location of the coal resources of the nation is already well known. Coal methane is therefore an attractive resource. It is estimated that the cost of producing one cubic meter of CBM through vertical drilling is around USD 0.11 globally. It pays for the highest percentage of drilling costs earned. It is estimated that the drilling cost represents approximately 74.3 percent of the total cost of one cubic meter of CBM gas production.

Increased Production Of Coal-Bed Methane Brings Some Challenges Also.

However, increased coal-bed methane production carries some technological and environmental challenges and costs with it. For instance, gas rests on bottom of oil which, in turn, rests on bottom of water in a conventional oil or gas reservoir. An oil or gas well draws only from the extracted petroleum without a large volume of water being produced. But water permeates coal beds, and methane is trapped in the coal by its pressure.

Water must first be drawn off to produce methane from coal beds, reducing the pressure so that methane can flow out of the coal and into the well bore. Surface disposal of large volumes of potable water can affect streams and other habitats, and subsurface reinjection makes production more costly. In addition, methane is a greenhouse gas; in the atmosphere it acts to trap heat and thus contributes to global warming.

Read on to discover how you can exploit the future business opportunities emerging in this sector. Visiongain's new study tells you and tells you NOW. The 212-pages report provides clear, detailed insight into the global Coal Bed Methane market. Discover the key drivers and challenges affecting the market.

By ordering and reading our brand-new report today, you stay better informed and ready to act.

Report Scope

The report delivers considerable added value by revealing:

71 tables, charts and graphs are analyzing and revealing the growth prospects and outlook for the Coal Bed Methane market.

Global Coal Bed Methane market forecasts and analysis from 2020-2030.

Coal Bed Methane market provides revenue estimates, forecasts and analysis from 2020-2030 for Coal Bed Methane submarkets:

Forecasts and analysis of Coal Bed Methane market by Application between 2020-2030

Power Generation Market, 2020-2030

Residential Market, 2020-2030

Commercial Market, 2020-2030

Transportation Market, 2020-2030

Other Application Market, 2020-2030

Forecasts and analysis of Coal Bed Methane market by Drilling Type between 2020-2030

Conventional Drilling Market, 2020-2030

Drilling before Mining Market, 2020-2030

Horizontal Drilling Market, 2020-2030

Other Drilling Type Market, 2020-2030

Forecasts and analysis of Coal Bed Methane market by Type between 2020-2030

Coal-mine methane (CMM) Market, 2020-2030

Abandoned mine methane(AMM) Market, 2020-2030

Virgin coalbed methane(VCBM) Market, 2020-2030

Other Type Market, 2020-2030

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Regional Coal Bed Methane market forecasts from 2020-2030 with drivers and restraints for the countries including:

Geographic Breakdown

Focused regional forecasts and analysis explore the future opportunities:

North America Market, 2020-2030

US Market, 2020-2030

Canada Market, 2020-2030

Europe Market, 2020-2030

The UK Market, 2020-2030

Germany Market, 2020-2030

France Market, 2020-2030

Italy Market, 2020-2030

Spain Market, 2020-2030

Rest of Europe Market, 2020-2030

Asia-Pacific Market, 2020-2030

China Market, 2020-2030

India Market, 2020-2030

Japan Market, 2020-2030

Australia & New Zealand Market, 2020-2030

Rest of Asia-Pacific Market, 2020-2030

LAMEA Market, 2020-2030

Latin America Market, 2020-2030

Middle East Market, 2020-2030

Africa Market, 2020-2030

Figure:- Coal Bed Methane Market Size and Forecast by Application, 2020-2030

coal bed methane

Coal bed methane market has numerous applications

Coal bed methane market has numerous applications including power generation, manufacturing liquefied petroleum gas, gas turbine propelling, gas engine systems, and providing plastics and pharmaceutical industry foundations. It is also possible to use CBM with a proportionate amount of methane gas to replace conventional natural gas and find its application as a propeller fuel in the automotive industry. In 2015, India's Petroleum and Explosives Safety Organization (PESO) awarded seven licenses to distribute CBM as a gas in cars across the nation.

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Company profiles for the leading Coal Bed Methane companies

Company Profiles of Leading Players

Dart Energy

Baker Hughes

Santos Ltd.

BG Group (Royal Dutch Shell PLC.)

Arrow Energy

Origin Energy

Great Eastern Energy

PetroChina

Petronas

Encana Corporation

Concophillips

Other Key Players in the market

China United Coal Bed Methane Corporation

BP PLC

Blue Energy

BJ Services

Black Diamond Energy, Inc.

Halliburton

Chevron U.S.A.

Suncor

The Williams Companies

Exxon Mobil Corporation

Anadarko

Devon

El Paso

Energen

Fidelity Exploration

Range Resources

Bill Barrett

Belden & Blake

Continental Production Company

Double Eagle Petroleum

GeoMet

Penn Virginia

ConocoPhillips

Chesapeake

CNX

Dominion

Layne Christianson

Newfield

Noble Energy

Southwestern Energy

St. Mary Land & Exploration

Unit Petroleum

Enerjex

Petrohawk

PetroQuest

Rosetta Resources

Warren Resources

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