The global coal bed methane market was valued at USD 14.26 Billion in 2018 and is estimated to reach USD 21.77 Billion by 2026, expanding at a CAGR of approximately 5% during the period, 2020 – 2026. The growth of the market in the forecasted period is attributed to the shift in the focus of consumers to utilize more unconventional sources of energy, government's emphasis on protection of the environment and reduction in methane emissions when combined with coal mining and conventional fuels.

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The recoverable unconventional sources of gas such as Coal Bed Methane are more in volume than conventional sources and a significant part of it is still unexplored. Growth in extraction and exploration activities of coal bed methane is expected to drive the market. Out of the total cost of producing one unit of coal bed methane, a major cost is incurred in drilling. Roughly 75% of the total production cost is spent on drilling. The maximum percentage of the coal bed methane is acquired by pure methane in the eastern coalfield of the U.S. and the process of gas dehydration is carried out to remove moisture.

Market Trends, Drivers, Restraints, and Opportunities:

• The ability of Coal Bed Methane to be easily converted to petrol, ethanol or diesel is expected to drive the growth of the market.
• The need for clean energy and the encouragement of the same using government initiatives across the world is anticipated to boost the global coal bed methane market. For instance, the Chinese government recognized the value of CBM and decided to extensively produce it as a part of their five year plan.
• The ability to be a suitable alternative to conventional sources of energy and reduce the greenhouse emissions is expected to open avenues and boost the market's growth. The numerous applications of Coal Bed Methane which includes power generation, propelling of gas turbines and uses in the pharmaceutical industry is anticipated to drive the market.
• High set-up cost and initial investments for exploration and extraction activities is expected to hinder the growth of the market.
• Increase in utilization of shale gas as an alternative to Coal Bed Methane for various applications is anticipated to impede the market's growth
• The large unexplored reserves yet to be extracted is expected to be an opportunity for this market.

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Segments Covered in the Report:

The global coal bed methane market has been segmented on the basis of

By Technology:

• CO2 Sequestration
• Hydraulic Fracturing
• Horizontal Drilling

By Applications:

• Industrial
• Commercial
• Power Generation
• Transportation
• Residential

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Few Points of Table of Content:

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Coal Bed Methane Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Coal Bed Methane Market - Supply Chain

4.5. Global Coal Bed Methane Market Forecast

4.5.1. Coal Bed Methane Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Coal Bed Methane Market Size (000 Units) and Y-o-Y Growth

4.5.3. Coal Bed Methane Market Absolute $ Opportunity

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Coal Bed Methane Market Size and Volume Forecast by Type

5.3.1. Horizontal Drilling

5.3.2. Hydraulic Fracturing

5.3.3. Proppants

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type.

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Contact Information:

Name: Alex Mathews

Address: 500 East E Street, Ontario,

CA 91764, United States.

Phone No: USA: +1 909 545 6473 | IND: +91-7000061386

Email: [email protected]

Website: https://dataintelo.com