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Coal Bed Methane is expected to grow at a CAGR of roughly 9.9% over the next 5 years

Coal bed methane (CBM) is the natural gas found in most coal deposits. It is created during coalification process where plant material is converted in
joe zheng | 15.10.2018
New report published by Global Info Research which offers insights on the global Coal Bed Methane market.

Coal bed methane (CBM) is the natural gas found in most coal deposits. It is created during 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 require minimal processing. It is considered eco-friendly than oil, coal, or even conventional natural gas.

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Global Coal Bed Methane Market: Forecast by Type / Application / Region

This report focuses on the Coal Bed Methane in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The reduction in methane emissions associated with conventional fuels and coal mining, lower price of CBM compared to other unconventional natural gases, and generation of direct and indirect employment in the extraction of CBM drive the growth of global CBM market. However, the large initial capital commitment for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in evaluation of CBM proposals hamper the market growth. Key market players have adopted agreement as their key strategy to widen their brand portfolios and expand their market outreach.

The worldwide market for Coal Bed Methane is expected to grow at a CAGR of roughly 9.9% over the next five years, will reach 17600 million US$ in 2023, from 9960 million US$ in 2017, according to a new GIR (Global Info Research) study.

Global Coal Bed Methane Market: Key Players
Arrow Energy Holdings Pty Ltd.
Baker Hughes, Inc.
BG Group PLC.
Blue Energy Ltd.
BP PLC.
China United CoalBed Methane Corporation
Concophillips
Encana Corporation
Origin Energy Ltd.
Santos Ltd.
AGL Energy Limited
Bow Energy Ltd.
Black Diamond Energy, Inc.
Dart Energy Corporation
Great Eastern Energy Corp. Ltd.
Green Dragon Gas Ltd.
Halliburton Co
Metgasco Ltd.
Reliance Power Limited
Senex Energy Limited

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https://www.globalinforesearch.com/global-coal-bed-methane-market_p85831.html

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Related Information:
United States Coal Bed Methane Market 2018 Forecast to 2023
Europe Coal Bed Methane Market 2018 Forecast to 2023
North America Coal Bed Methane Market 2018 Forecast to 2023
Asia-Pacific Coal Bed Methane Market 2018 Forecast to 2023
China Coal Bed Methane Market 2018 Forecast to 2023
EMEA Coal Bed Methane Market 2018 Forecast to 2023
Global Coal Bed Methane Market 2018 Forecast to 2023

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