Press release
Coal Bed Methan Market Latest Trends and Analysis, Future Growth Study by 2032
Coal Bed Methan Market
Natural, odourless, and colourless hydrocarbon gas called coal bed methane (CBM) seeps into the solid coal matrix. It is produced by converting plant matter into coal from unconventional gas sources. In underground coal mines, the probability of explosive hazards during its extraction is often low. As a result, it is a substitute energy source for gas turbines, which are utilised to generate electricity all over the world.
Coal Bed Methane Market Overview:
Most coal deposits contain natural gas, known as coal bed methane (CBM). It is produced during the coalification process, which takes millions of years to transform plant material into coal. Pure methane, another component of CBM, is a clean-burning fuel that requires less processing and has fewer contaminants. It is seen as being more environmentally benign than oil, coal, or even regular natural gas.
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The lower cost of CBM compared to other unconventional natural gases, the creation of direct and indirect employment in the extraction of CBM, and the decrease of methane emissions connected with conventional fuels and coal mining all contribute to the expansion of the worldwide CBM market. The market expansion, however, is hampered by the high initial capital expenditure required for well drilling, stimulation, and water handling, as well as the challenge of estimating recoverable volumes when evaluating CBM projects. To diversify their brand portfolios and increase their market reach, major market players have used agreement as their primary tactic.
Based on application and geography, the market for coal bed methane is divided globally. Industrial, power generation, transportation, commercial, and residential make up the application category. It is examined geographically across North America, Europe, and Asia-Pacific.
In terms of revenue, the power generating sector made up around one-third of the global coal bed methane market in 2016. Power generation has a roughly 30% share of the whole market in terms of volume. Because to the demand for natural gas across a range of end-user sectors, the power generation sector is the most attractive for investment in the worldwide CBM market. Due to its major contribution to revenue, it is therefore projected that this segment will exhibit strong growth rate and a significant return on investment for stakeholders.
Market Segmentation
Global Coal Bed Methan Market: Segmentations
Global Coal Bed Methan Market: By Types
Methane
Trace quantities of light hydrocarbons
Nitrogen
CO2
Global Coal Bed Methan Market: By Applications
Power
Industrial
Residential
Commercial
Transportation
Global Coal Bed Methan Market: Major Players
Arrow Energy
GE(Baker Hughes)
BG
Blue Energy
BP
ConocoPhillips
China United Coalbed Methane
Dart Energy
Encana
Ephindo
Far East Energy
Fortune Oil
Halliburton
Metgasco
Nexen
Origin Energy
PETRONAS
Quicksilver Resources
Santos
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Global Coal Bed Methan Market: By Regions
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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