Coal Bed Methane Market by Projections, Estimations, Business Competitors Future

Posted by khape dipali on May 28th, 2021

Coal bed methane is methane trapped in underground coal seams. This type of methane can be accessed using drilling techniques similar to those used in the collection of shale gas. In these deposits, the methane is attached to the surface of the coal. Generally, the seams are also covered in water which must be pumped out to obtain the methane. Pumping out the water reduces the pressure level and allows methane to escape from the seam. Coal bed methane is considered an unconventional gas as it is held tightly in reservoirs and it requires special stimulation and technologies to produce it economically.
CBM can be efficiently used as a fertilizer with methane being a source of ammonia used in half of the world’s fertilizer market. Coal bed methane market is essential in assisting food production rate thereby meeting the growing population needs. Essar, a CBM based company is currently supplying 1 million cubic metres of the requisite gas to Matix Fertilizers and Chemicals. Increasing adoption of coal bed methane market as an alternative to electricity will lower the burden on the national power grids of developing countries. Power outages along with limited access to clean energy can be overcome by using this technology.

Global Coal Bed Methane Market is expected to grow from xx USD in 2020 to XX USD in 2027 at a CAGR of xx%. There are numerous factors that are defining the growth curve of the global coal bed methane market. One of the key driving factors for the market development has been the depleting traditional natural gas reserves, which in turn has led to increased focus on using non-traditional sources of gas such as the coal bed methane. In addition, reduction in methane emissions associated with conventional fuels and coal mining, generation of direct and indirect employment in the extraction of CBM, and lower price of CBM compared to other unconventional natural gases drive the growth of global CBM market. The rise in the extraction and exploration activities on a global scale is also expected to drive the growth of the global coal bed methane market in the coming years of the forecast period. However, the large initial capital commitment for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in the evaluation of CBM proposals restrain the growth of the market.

The key players in CBM market are Arrow Energy Holdings Pty Ltd., Baker Hughes, Inc., BG Group PLC., Blue Energy Ltd., BP PLC., China United CoalBed Methane Corporation, Concophillips, Encana Corporation, Origin Energy Ltd., and Santos Ltd., AGL Energy Limited, Bow Energy Ltd., Black Diamond Energy, Inc., Dart Energy Corporation, Great Eastern Energy Corp. Ltd., Green Dragon Gas Ltd., and Halliburton Co.

Analysts Commentary:

Global coal bed methane marketplace is anticipated to witness substantial boom for the duration of the forecast period attributable to ongoing natural fuel pipeline projects and increasing advantages to the coal mining industry. For instance, the growing economy of nations like India is driving the call for new resources of power and hence coal bed methane is predicted to complement the fuel supply. These elements might pressure the coal mattress methane market inside the coming years. Various industries are investing heavily in control gadgets to increase production efficiency and simultaneously reduce mistakes ratio. This might positively affect the coal mattress methane market with increased manufacturing activities and power generation capacity addition.
Power generation is the most lucrative segment for investment in the global CBM market, owing to the demand for natural gas in various end-user industries. Thus, this segment is anticipated to show a high growth rate and significant return on investment for stakeholders due to its notable revenue contribution.

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Segmentation:

Global coal bed methane market has been segmented based on technology, application, and region. Based on аррlісаtіоn, thе mаrkеt іѕ divided іntо іnduѕtrіаl, роwеr gеnеrаtіоn, trаnѕроrtаtіоn, аnd оthеrѕ. Based on technology, the global carbon bed methane markets categorised into Hydraulic Fracturing, CO2 sequestration, and Horizontal Drilling. Among these, fracturing techniques have been utilised most frequently for coal bed methane recovery. Hydraulic fracturing which leads the market, owing to the technological advancements achieved in this technique coupled with its ease of use and would further complement the coal bed methane market during the forecast period.

Regional Analysis:

The global coal methane market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America based on region. North America led by the U.S. is currently holding the largest share. U.S. contributes to the larger part of current CBM extraction and has developing generation potential globally. The innovation and experience procured in the U.S. could be promptly applied globally. Asia-Pacific and Europe will witness a high growth rates owing to the large unexplored reserves in Russia, Australia, China and India. MEA and Latin America is forecast to witness a moderate growth. Lack of proper infrastructure could prove to be a hindrance in the exponential growth of coal bed methane market by 2027. Іn аddіtіоn, іnсrеаѕіng ехраnѕіоn асtіvіtіеѕ thrоugh vаrіоuѕ mеrgеrѕ аnd асquіѕіtіоnѕ, rіѕіng іnvеѕtmеnt fоr dіѕсоvеrіng nеw соаl bеd mеthаnе rеѕеrvеѕ, аnd аvаіlаbіlіtу оf fаvоrаblе gоvеrnmеnt роlісіеѕ іn dеvеlоріng есоnоmіеѕ fоr dеvеlорmеnt оf uрѕtrеаm іnduѕtrу аrе ѕоmе оthеr fасtоrѕ ехресtеd tо сrеаtе luсrаtіvе орроrtunіtіеѕ fоr рlауеrѕ ореrаtіng thе tаrgеt mаrkеt іn thіѕ rеgіоn оvеr thе fоrесаѕt реrіоd.

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