Global Coal Bed Methane Market Size, Trends & Analysis - Forecasts To 2026 By Application (Power Generation, Transportation, Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Coal Bed Methane Market: Insights
The global coal bed methane market is estimated to witness a significant CAGR during the forecast period (2020-2026). Coal Bed Methane can be used effectively as a fertilizer, with methane being a source of ammonia found in half of the world's fertilizer sector. It can readily be converted into petrol, diesel, or ethanol and can be stored in canisters or be used as a domestic fuel. Moreover, growing coal bed methane output is likely to boost NGLs and ethylene production during the forecast period. Coal bed methane (CBM) is a non-conventional source of natural gas (NG) generated from coal seams and deposits. However, safety environmental concerns and high capital investment in exploration and drilling activities are likely to hamper the market growth over the coming years.
Coal Bed Methane Market Size: By Application
Based on application, the global coal bed methane market is segmented into power generation, transportation, residential, commercial, and industrial. The power generation segment is expected to hold the largest market share in terms of revenue during the forecast period due to the increasing use of coal bed methane as an alternative to conventional natural gas. Furthermore, the commercial segment is expected to grow at a high CAGR due to several applications such as the manufacturing of LPG, gas engine services, propelling gas turbines and the availability of pharmaceutical and plastics sectors.
Coal Bed Methane Market Size: By Region
Based on region, the global coal bed methane market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia-Pacific region is expected to hold the largest market share in terms of revenue and is also expected to grow at a high CAGR during the forecast period due to unexplored reserves for coal bed methane and production of CBM.
Coal Bed Methane Market: Share & Competitor Analysis
Some of the key players operating in the coal bed methane market include: Arrow Energy Pty Ltd., PetroChina Company Limited, Essar, Reliance Industries Limited, Baker Hughes, a GE Company LLC, Gazprom, Petroliam Nasional Berhad (PETRONAS), Halliburton, BP PLC, G3 Exploration, ConocoPhillips Company, GEECL, and Pioneer Natural Resources Company, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Coal Bed Methane Market: By Application
Coal Bed Methane Market: By Region
The global Coal Bed Methane Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Coal Bed Methane Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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