Coal Bed Methane Market Research Identifies Key Factors Affecting Market Dynamics

 The global coal bed methane market size is projected to reach USD 25.2 billion by 2027 expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The market is driven by decrease in methane emission related with coal mining and conventional fuels and generation of indirect and direct employment in the mining of coal bed methane (CBM).

Unconventional CBM reserves, especially found in coal rice countries, are gradually gaining the attention as the market struggles for an independent energy source. Exploration, production, and commercialization of such unconventional sources of energy are realized as a tough decision taken by the energy agencies or authorities, to alleviate the energy demand & supply gap in upcoming years.

CBM is a pure form of natural gas wherein manufacturers and customers have the chance to acquire tax incentives and carbon credits. The stringent framework designed for the extraction of CBM by various authorities coupled high investment process is likely to be a key challenge for market participants over the estimated period.

The industrial segment accounted for more than 28% share of the total market in 2019, in terms of revenue. It is projected to be the second-fastest-growing segment from 2020 to 2027. However, applications of CBM in the power generation sector is projected to account for the highest market share as well as the growth rate over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Coal Bed Methane Market

Asia Pacific led the global market in 2019 and accounted for over 45% of the total revenue share. The region is estimated to maintain its dominant position registering the fastest CAGR from 2020 to 2027 due to substantial unexplored reserves. China, in particular, is expected to account for the maximum share in the Asia Pacific regional market.

 

Coal Bed Methane Market Report Highlights

  • The power generation segment led the overall market in 2019 and accounted for the largest share of 40%
  • Asia Pacific is projected to be the largest as well as the fastest-growing regional market over the forecast period
  • China is expected to account for the maximum share by 2027 in the Asia Pacific regional market
  • North America is likely to have moderate growth during the projected period
  • The U.S. was the leading country in the North America market in 2019 and is likely to retain its leading position from 2020 to 2027

 

Key Companies & Market Share Insights

The global coal bed methane industry is consolidated ascetically. Key industry participants operating in the regional market include Essar, Reliance Industries Limited, Arrow Energy Pty Ltd., PetroChina Company Limited, Baker Hughes, a GE Company LLC, Petroliam Nasional Berhad (PETRONAS), and G3 Exploration. For instance, Gazprom is conducting exploration activity at Naryksko-Ostashkinskaya area. Some of the prominent players in the coal bed methane (CBM) market include:

 

List of Key Players of Coal Bed Methane (CBM) Market

  • Essar
  • Reliance Industries Ltd.
  • Arrow Energy Pty Ltd.
  • PetroChina Company Ltd.
  • Baker Hughes, a GE Company LLC
  • Petroliam Nasional Berhad (PETRONAS)
  • G3 Exploration
  • ConocoPhillips Company
  • GEECL
  • Halliburton
  • Gazprom
  • Pioneer Natural Resources Company

Order a free sample PDF of the Coal Bed Methane Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Industrial Connectors Market Basis Of Type, Applications, Distribution Channel And Geography 2013-2028

The global Industrial Connectors market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Industrial Connectors from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Industrial Connectors market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-industrial-connectors-market/request-sample Leading players of Industrial Connectors including: • TE Connectivity • Delphi Connection Systems • Amphenol • Molex • JAE • Sumitomo Wiring Systems • Yazaki • Rosenberger • JST • Hirose Electric • Harting • Phoenix Contact • Dai-ichi Seiko Market split by Type, can be divi...
Read more

EMEA Metal Deactivator Additives Industry Growth, Sales, Analysis, Segments and Forecast to 2017

In this report, the EMEA Metal Deactivator Additives market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split EMEA into Europe, the Middle East and Africa, With sales (K MT), revenue (Million USD), market share and growth rate of Metal Deactivator Additives for these regions, from 2012 to 2022 (forecast) Europe: Germany, France, UK, Russia, Italy and Benelux; Middle East: Saudi Arabia, Israel, UAE and Iran; Africa: South Africa, Nigeria, Egypt and Algeria. Download full research Report @ http://www.radiantinsights.com/research/emea-europe-middle-east-and-africa-metal-deactivator-additives-industry-2017 EMEA Metal Deactivator Additives market competition by top manufacturers/players, with Metal Deactivator Additives sales volume (K MT), price (USD/MT), revenue (Million USD) and market share for each manufacturer/player; the top players including Lub...
Read more

Global and Chinese Florfenicol Market Analysis, Supply and Demand Report To 2016

The 'Global and Chinese Florfenicol Industry, 2011-2021 Market Research Report' is a professional and in-depth study on the current state of the global Florfenicol industry with a focus on the Chinese market. The report provides key statistics on the market status of the Florfenicol manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2011-2016 market shares for each company. Download full research Report @ http://www.radiantinsights.com/research/2016-global-and-chinese-florfenicol-cas-73231-34-2 Through the statistical analysis, the report depicts the global and Chinese total ma...
Read more