Global coal bed methane market is segmented by fracturing fluids into water requirement, chemical additive requirement, proppant requirement); by applications into residential, commercial, industrial, power generation and transportation and by regions.
CBM or coal-bed methane, coal bed gas, coal seam gas CSG, or coal-mine methane (CMM) is a natural form of gas that is extracted from coal beds. The gas is sent to central gas station or gas gathering station which is further sent to refineries by removing impurities or removing water cut percentage after the drilling and production stage of coal bed methane.
Unlike other natural gases extracted from conventional reservoirs, CBM contains few heavier hydrocarbons such as propane or butane, but it does not contain natural-gas condensate. It often contains varied percentage of carbon dioxide components.
Market Size & Forecast
The global coal bed methane market is anticipated to expand at a robust CAGR of 9.82% during the forecast period i.e. 2018-2027. Asia Pacific is expected to hold the largest share in the overall market of coal bed methane over the forecast period which can be attributed to the increased support from government on low carbon emission techniques and growing energy demand in various domestic and industrial applications. Additionally, rising competition amongst the key players and increased innovative R&D solutions for optimal utilization of energy from produced methane gas is also expected to drive the growth of market in future. With strengthened environmental rules and regulations against the pollution produced by conventional method of generating electricity in Europe is also expected to boost the growth of market in future. Additionally, countries such as UK, Germany and Italy with increased adoption of natural gases with low carbon emission is also expected to showcase a tremendous market growth in future.
Growth drivers
Increase in demand for energy in various industrial sectors is further expected to grow in future which is estimated to support the growth of the market. Additionally, increased initiatives and government support for emission control has led to high demand for drilling CBM fields which is one of the supporting factors to hone the growth of the market over the forecast period.
Additionally, the development of CBM fields in Asia pacific, especially in Australia with good amount of methane gas is estimated to propel the market growth in upcoming years.
Challenges
One of the challenging key factorshampering the growth of the global coal bed methane market is the availability of substitutes in large proportion with low environmental issues.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’sfive force model. This report also provides the existing competitive scenario of some of the key players of the global coal bed methane market which includes company profiling ofQuick Silver Resources Inc., Baker Hughes Incorporated, Santos, ConocoPhillips, Dart Energy Ltd., Fortune Oil PLC, Arrow Energy, and Blue Energy Limited. Halliburton Co., Metgasco Ltd., Reliance Power Limited, and Senex Energy Limited and other prominent players.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global coal bed methane market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
For more info visit our blog at: https://www.researchnester.com/reports/coal-bed-methane-market/1342