Coal Bed Methane Market Will Show An Exponential CAGR 5.9% By 2025

 

Increasing gas pricing coupled with the rapid increase in industrialization across developed and emerging countries across the world are some other factors that are likely to propel the demand for coal bed methane.

 

Description

Coal Bed Methane Market: by Technology (Hydraulic Fracturing, Horizontal Drilling, and CO2 Sequestration), by Application (Residential, Industrial, Commercial, Transportation, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The coal bed methane market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the coal bed methane industry.

 

Coal Bed Methane Market Industry Overview:    

The coal bed methane market size is expected to reach USD 22.7 billion by 2025 and is expected to grow with a CAGR of 5.9% during the forecast period. Coal bed methane (CBM) is the natural gas found in most coal deposits. It is created during the coalification process, where plant material is converted into coal over millions of years. In addition, CBM consists of pure methane, which is a clean-burning fuel, which contains lesser impurities and requires minimal processing. It is considered eco-friendly than oil, coal, or even conventional natural gas. These benefits have augmented the growth of the coal bed methane market.

Factors Affecting the Coal Bed Methane Market over the Forecast Period:

• The increasing consumer demand for power across numerous sectors such as residential, industrial, and commercial is estimated to fuel the demand for coal bed methane across the globe
• Additionally, changing preferences to use eco-friendly power and to meet the increasing demand for electricity across the regions are keys factors that are projected to drive the growth of the coal bed methane market over the forecast period
• Increasing investment activities by significant players working in the target market for producing coal bed methane, coupled with policies introduced by numerous government agencies of emerging economies are some factors that will further fuel the market growth over the assessment period
• Increasing gas pricing coupled with the rapid increase in industrialization across developed and emerging countries across the world are some other factors that are likely to propel the demand for
• Coal bed methane can be efficiently used as a fertilizer, which is expected to create new opportunities in the global market

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Impact of COVID-19 on Coal Bed Methane Market: 

Due to COVID-19, the consumption of coal bed methane has considerably declined, backed by the reduced in the market of energy and power post the outbreak of the COVID-19 pandemic. Though, the continuous rise in the demand for eco-friendly products is expected to boost the growth of the coal bed methane market post-outbreak of the COVID-19 pandemic. Moreover, amidst the lockdown, the coal bed methane market has considerably decreased across the globe, which in turn, hamper the growth of coal bed methane market in 2020.  

Coal Bed Methane Market: Scope of the Report:

The report outlines the global coal bed methane market study based on technology and application

 Based on the technology, coal bed methane market has been segmented into:

• Hydraulic Fracturing
• Horizontal Drilling

Coal Bed Methane Market: Geographical Outlook:

The coal bed methane market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. In 2019, Asia Pacific held the largest share in the global coal bed methane market followed by Europe and Asia Pacific. Moreover, Asia Pacific is expected to grow with high CAGR over the forecast period due to increasing growth of chemical industry across the region.

Coal Bed Methane Market: Key Competitors 

The coal bed methane market is highly fragmented, with the presence of a large number of players across the globe. The key players operating in the global coal bed methane market include –

• Essar
• Reliance Industries Limited
• Arrow Energy Pty Ltd.
• PetroChina Company Limited
• Baker Hughes, a GE Company LLC
• G3 Exploration
• ConocoPhillips Company
• GEECL
• Halliburton
• bp p.l.c.
• Gazprom
• Pioneer Natural Resources Company
• Halliburton, Chevron
• Royal Dutch Shell
• Weatherford
• Dart Energy
• Santos
• ConocoPhillips
• Fortune Oil
• Encana Group
• Sydney Gas
• Green Dragon Gas
• Great Eastern Energy Petronas 

The coal bed methane market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs from primary interviews with industry experts. 

 

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