How Coal Bed Methane Market Will Dominate In Coming Years? Key Players: BG Group, Clarke Energy, Arrow Energy, Santos Ltd, Deep Industries Limited, Origin Energy, Australia Pacic LNG, China United Coalbed Methane Corp., SGS, Epiroc, Oil and Natural Gas Co

The increasing demand for clean energy sources is a key factor driving the coal bed methane market, says Fortune Business Insights in a report, titled "Coal Bed Methane Market Size, Share and Global Trend by Extraction Technology (Horizontal Drilling, Hydraulic Fracturing, CO2 Sequestration), By Application (Power Generation, Chemical, Fertilizers, Others) and Geography Forecast till 2026." The strict regulations for fossil fuels will contribute significantly to the market growth.

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According to the report, coal bed methane is recovered from underground coal resources during the mining operations. The extraction of coal bed methane is carried out using vertical and horizontal drilling into the coal seams and eliminating the water content of the seam gas.

Some of the Major Companies that are Present in the Global Coal Bed Methane Market are:

o BG Group
o Clarke Energy
o Arrow Energy
o Santos Ltd
o Deep Industries Limited
o Origin Energy
o Australia Pacific LNG
o China United Coalbed Methane Corp.
o SGS
o Epiroc
o Oil and Natural Gas Corporation Limited
o and Green Eastern Energy Corporation Limited among others.

Key Market Driver - Clean energy source and low exploration costs

Key Market Restraint - Economic cost of alternatives to the coal bed methane

The power generation segment is expected to witness healthy growth during the forecast period owing to the low penetration of coal bed methane as a feedstock in other applications. By extraction technology, the coal bed methane market is segmented into horizontal drilling, hydraulic fracturing or CO2 sequestration methods. The horizontal drilling method is expected to hold a significant share in the market owing to its other methods for the introduction phase in commercial uses.

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The report provides a comprehensive overview of the coal bed methane market trends and offers information on the industrial developments in the market. It also offers superior insights and provides relevant data, assisting investors and companies to benefit in the long run.

Development of Gas-Fired Power Plant in Botswana will Aid Growth

The plans of Botswana for the development of a coal-bed methane gas-fuelled power plant to beat electricity shortages will create growth opportunities for the market. It is further predicted the Botswana government initiative is geared towards facilitating the development of the gas industry in the country. Since the Southern African nation has a significant energy shortage and generally relies on imported power to meet its power requirements. Therefore, the development of the power plant will bode well for the market. In addition, the announcement of the Reliance Group for its production of coal bed methane block is expected to boost the coal bed methane market growth. For instance, Reliance Group announced its plans to start the production of coal bed methane from a coal bed methane block which was awarded to the company in the year 2006.

Moreover, the exploration cost of coal bed methane is less as compared to other gases. This factor will increase the exploration activities and hence create opportunities for the market.

Increasing Demand for Liquefied Natural Gas will Boost Growth in North America

The U.S holds a prominent share in the global coal bed methane production whereas, on the other hand, Canada holds a smaller share. Increasing demand for the liquefied natural gas is expected to boost growth in North America. The coal bed market in Europe is highly dependent on production in Russia, U.K, Germany, and Poland among other countries. Russia is expected to hold a significant share in the market owing to the increasing production capacities of the past. Asia Pacific is expected to provide lucrative growth opportunities for the market owing to the high demand for clean energy and LNG in the region. China, Australia, and India are expected to remain the key markets in Asia Pacific in the near future. Latin America and the Middle East and Africa have minimal production capacities of coal bed methane. However, the production rate in the region is expected to grow at a moderate rate during the forecast period. Thus the market in those regions will witness significant growth in the foreseeable year.

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Key Segmental Overview:
1. By Extraction Technology
o Horizontal Drilling
o Hydraulic Fracturing
o CO2 Sequestration
2. By Application
o Power Generation
o Chemical
o Fertilizers
o Others
3. By Geography
o North America (the USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, and Rest of Latin America)
o Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Key Industry Developments

o In July 2019, a joint venture between Origin Energy, ConcoPhillips, and Sinopec was awarded a contract from a US$ 25 billion project that involves the processing of coal bed methane to liquefied natural gas. Origin Energy with a 37.5% stake in the joint venture will raise US$ 943 million through the contract

o In July 2019, the Botswana government has announced its plans to develop a coal bed methane fired power plant. The capacity of the plant is expected to be around 10MW and the plant is likely to generate gross revenue of about US$ 10 million per anum

o In October 2018, Reliance Group announced its plans to start the production of coal bed methane from a coal bed methane block which was awarded to the company in the year 2006

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Major Table of Content For Coal Bed Methane Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
6. North America Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
7. Europe Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
10. Latin America Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

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