MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Coal Bed Methane Market by Application (Industrial, Power Generation, Transportation, and Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Forecast to 2028.”, which offers a holistic view of the coal bed methane market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be over US$ 70 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.
Coal Bed Methane (CBM) also called as coalbed gas, Coal Seam Gas (CSG), or Coal-mine Methane (CMM) is a form of natural gas that trapped in carbon structure of coal seams or coal deposits and extracted from coal beds. CMB is formed during the process of coalification and transformation of plant material into coal. Vertical and horizontal wells are used to develop CBM resources.
Browse the full “Global Coal Bed Methane Market By Application (Industrial, Power Generation, Transportation, And Others), and Region – Global Forecast to 2028” report at https://marketresearch.biz/report/coal-bed-methane-market/
Global Coal Bed Methane Market Dynamics
Increasing consumption of power for various applications in industrial, commercial, and residential sectors across the globe, and consumer preference towards use of coal bed methane for power generation to meet the ever-increasing demand for electricity. These are the major factors expected to drive growth of the global coal bed methane market over the forecast period.
Increasing emission of methane from conventional fuel and shifting focus of industries towards the use of unconventional energy are some of the other major factors expected to drive growth of the global coal bed market. In addition, rising concerns toward environmental issues such as an increase in carbon-di-oxide level and earning carbon credits is also anticipated to fuel growth of the global coal bed market.
Moreover, favorable government policy framework in developing countries for exploration and exploitation of unconventional hydrocarbons is another factor expected to boost growth of the global market to a certain extent.
Furthermore, government initiatives towards the use of unconventional resources worldwide is another factor expected to propel growth of the target market over the forecast period.
However, high capital investment for exploration and drilling activities is a key factor may restrain growth of the global coal bed market over the forecast period. In addition, stringent environmental regulations regarding methane extraction is another factor expected to hamper growth of the global coal bed methane market over the forecast period to a certain extent.
The ongoing trend observed in the target market is increasing research and development activities for development of innovative products and rising merger and acquisitions activities for improving company’s product portfolio and presence across the globe are some other factors expected to support growth of the target market over the forecast period.
Increasing investments and development of new plans by governments in order to cater ongoing gas demand are among some of the major factors expected to support growth of the global market, which in turn is expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Coal Bed Methane Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global coal bed methane market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global coal bed methane market is expected to expand at a CAGR of 5.4% over the forecast period.
Global Coal Bed Methane Market: Segmental Snapshot
The market report has been segmented on the basis of application and region. The application segment is further bifurcated into industrial, power generation, transportation, and others. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By application: The power generation segment accounted for highest revenue share contribution as compared to other application segments, and is expected to register a CAGR of over 5.3% between 2019 and 2028.
By Region: The North America coal bed methane market accounted for the highest share in terms of revenue in the global coal bed methane market in 2018. The Asia Pacific is expected to register the highest CAGR of over 5.8% between 2019 and 2028.
Global Coal Bed Methane Market: Competitive Analysis
The research report on the global coal bed methane market include profiles of some of major companies such Santos Limited, Quicksilver Resources Inc., Baker Hughes, a GE Company, LLC, Royal Dutch Shell Plc (BG Group Limited and Arrow Energy Holdings Pty Ltd.), Blue Energy Pty Ltd., Halliburton Company, IGas Energy plc, Fortune Oil plc, ConocoPhillips Company, and Metgasco Limited.
The Global Coal Bed Methane Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global coal bed methane market for 2018–2028.
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