Global Coal Bed Methane Market – Overview
Coal bed methane is a primary coal seam gas that is
collected from unmined coal seams. These coal seams are then drilled down into
releasing the associated gas which is extracted and can further be used to
generate electricity. CBM can be used as a substitute for conventional natural
gas in a wide variety of consumer and industrial applications. The porosity of
coal bed reservoirs is usually very small, ranging from 0.1 to 10%. Coal bed
methane market is essential in assisting food production rate thereby meeting
the growing population needs. Essar Oil, a coal bed methane company is
currently supplying 1 million cubic metre of the requisite gas to Matix
Fertilizers and Chemicals.
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Prominent Players:
The key players of the global coal bed methane market
are Baker Hughes (US), Essar Oil (India), Reliance Power (India), Halliburton
(US), Chevron (US), BP (UK), Weatherford (US), Arrow Energy (Australia), Blue
Energy (Australia), Conocophillips (US), China United Coalbed Methane Co
(China), Encana Corporation (Canada), Far East Energy Corporation (US), Santos
(Australia), and Nexen Inc. (Canada), among others. (Germany), among
others
Coal Bed Methane Market Segments Analysis:
Global coal
bed methane market has been segmented based on technology,
application, and region. Based on technology, the market is classified into
Hydraulic Fracturing, Horizontal Drilling, and CO2 sequestration. 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. The global
coal bed methane market is further segmented based on application, including
residential, industrial commercial, transportation, and others. Industrial
segment of the global coal bed methane market is estimated to register the
highest growth rate during the forecast period due to the increasing use of
coal bed methane as an alternate source to conventional natural gas.
Coal Bed Methane Market Regional Analysis:
Region wise, North America held the largest market
share of the global coal bed methane market in 2017. North America region has
some major players from the oil & gas industry and growing demand for
sustainable fuel in US and Canada. The coal bed methane market would be mainly
driven by creased focus on reducing the reliance on conventional sources of
natural gas. In addition, significant natural gas production in countries such
as India, China, Saudi Arabia, and others would also have a positive impact on
the growth of coal bed methane market during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the
global coal bed methane market, tracking twp market segments across five
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, and share for North America,
Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The
report also provides a forecast, focusing on the market opportunities for the
next five years for each region. The scope of the study segments the coal bed methane
market by its technology, application, and by region.
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