Global Coal Bed Methane Market Overview
Coal bed methane market accounted for USD 124.41 million in 2020 and is estimated to be USD 288.63 million by 2030 and is anticipated to register a CAGR of 8.9%.
Coal bed methane (CBM) is a form of natural gas and content of coal deposit or coal seams. Coal bed methane is formed by the process of coalification and is recovered from underground coal after, during, and before mining operation. Coal bed methane consists of pure methane, which is used as clean-burning fuel and it contains lesser impurities and requires minimal processing. This coal bed methane is considered eco-friendly than oil, coal, or even conventional natural gas. It is an unconventional form of natural gas found in coal deposits or coal seams. It is a clean energy source of natural gas. The controversy surrounding coal bed methane extraction has to do with the use of water during the process and its impact on global climate change. It involves pumping of large volumes of waters out of coal seams to reduce the hydrostatic pressure and proliferate the gas.
Global Coal Bed Methane Market Drivers & Restraints
Rising demand of natural gas
Coal Bed Methane market is expected to drive the market owing to growing application of natural gas into manufacturing, residential and automotive sector. Increasing emission of methane from conventional fuel and lower price of coal bed methane compared to other unconventional natural gases are expected to propel the growth of global coal bed methane market. Increasing exploration and extraction of coal bed methane on a global scale is expected to drive coal bed methane production over the forecast period. This leads to growth of the coal bed methane market. In addition, increasing concern about environmental issues such as increase in carbon-di-oxide level and earning carbon credits are other factors estimated to fuel growth of the global coal bed market. However, risk involved in the extraction of methane from coal bed hinders the global coal bed market.
However, the dewatering of coal bed methane well consumes a lot of time, increasing the overall cost of its development which is a major challenge to this market leads to hamper of the growth of global coal bed methane market.
Global Coal Bed Methane Market Segmentations & Regional Insights
Coal bed methane market is segmented based on application, technology and region.
On the basis of application, the coal bed methane market is segmented into residential, commercial, industrial, power generation, and transportation. On the basis of technology, the target market is segmented into exploration and drilling, fracturing fluid, enhanced coal bed methane recovery, and potential impact of advancement.
Regional Insights:
On region the global coal bed methane market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to account for largest market share in terms of revenue owing to presence of oil and gas industries, presence of leading coal methane extractors. Europe market accounts for the second largest revenue share in the global coal bed methane market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is estimated to have the fastest growth in terms of revenue, owing to rising environment related concerns, industries opting to unconventional energy, in emerging economies in this region. Along with being a large demand center, Asia Pacific is also emerging as a large supply center for unconventional gas resources including Coal bed methane. China, India, and Indonesia contain huge number of unproven reserves for coal bed methane which in turn has been attracting companies to invest in Asia Pacific.
Coal Bed Methane Market Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Application- Residential, Commercial, Industrial, Power Generation, and Transportation By Technology– Exploration and Drilling, Fracturing Fluid, Enhanced Coal Bed Methane Recovery, and Potential Impact of Technology Advancement |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the coal bed methane market report based on application, technology and region.
Coal Bed Methane Market, By Region:
- North America
- Canada
- U.S.
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Coal Bed Methane Market Competitive Landscape & Key Players
The key players operating in the coal bed methane market includes Reliance Power Ltd., Baker Hughes Incorporated, Encana Corporation, Origin Energy Ltd., Blue Energy Limited, Halliburton AS, Dart Energy Ltd., Fortune Oil PLC, ConocoPhillips Company, and Metgasco Limited.
Reliance Power Ltd:
Reliance industries had started commercial production from its CBM block at Sohagpur in Madhya Pradesh and aims to scale up output to emerge as one of the largest producers of unconventional natural gas in India.
Global Coal Bed Methane Market Company Profile
- Quick Silver Resources Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Baker Hughes Incorporated
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BG Group Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arrow Energy Holdings Pty Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Blue Energy Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Halliburton AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dart Energy Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fortune Oil PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ConocoPhillips Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Metgasco Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
FAQs
Coal Bed Methane Market report segments the market on the basis of application, technology, and region.
Coal bed methane market is driven by growing application of natural gas into manufacturing, residential and automotive sector.
North America accounted for major share in terms of revenue in the global coal bed methane market.
The leading players operating in the Coal Bed Methane Market includes Reliance Power Ltd., Baker Hughes Incorporated, Encana Corporation, Origin Energy Ltd., Blue Energy Limited, Halliburton AS, Dart Energy Ltd., Fortune Oil PLC, ConocoPhillips Company, and Metgasco Limited.