March 28, 2020
Coal Bed Methane

Coal Bed Methane Market | Target Size US$ 4.3 Bn by 2023 at a CAGR of 4.3%

The Global Coal Bed Methane Market is expected to reach US$ 4.3 Bn by 2023, expanding at a CAGR of 4.3% between 2016 to 2023.

Market Insights

Coal bed methane refers to the extraction of natural gas from the coal bed. In general, natural gas is present in the coal bed in the form of methane. It is also known as coal-mining methane (CMM) or coal bed gas or coal seam gas (CSG). Advances in technology have facilitated the production of coal bed methane on a commercial scale. Growing energy demand and depleting oil reserves are influencing oil producers to seek alternative energy sources such as shale gas, tight oil and coal bed methane.

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The market for Coal Bed Methane is expected to grow moderately with the growing use of natural gas in the manufacturing, residential and automotive sectors. Deficit oil economies with high coal reserves are looking to explore coal bed methane to reduce their dependence on conventional oil and gas. In addition, the exploration of coal bed methane helps reduce greenhouse gas emissions and therefore improves the safety of coal mining operations and also generates carbon credits, which are expected to increase the growth of the global coal bed methane market over the forecast period. However, environmental concerns over the use of water for the recovery of coal bed methane and high-capital intensive coal bed methane exploration projects are expected to restrict the growth of the coal bed methane market during the forecast period (2026-2023).

Competitive Insights:

Global coal bed methane is segmented on the basis of application and geography. By application, industrial segment is projected to be the most dominant segment. Increasing energy demand coupled with various regulatory policies over emission of greenhouse gas is expected to fuel the growth of the segment over the forecast period. Followed by it, power generation segment is anticipated to be the second largest segment due to increasing demand for natural gas from gas based power plant.

Overall, global coal bed methane market for oil & gas industry is projected to register moderate growth over the forecast period (2016-2023).

On the basis of application, global coal bed methane market is categorized into following types:

  • Power Generation
  • Industrial
  • Residential
  • Commercial
  • Transportation

On the basis of geography, the global coal bed methane market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Rest of Asia Pacific
  • Rest of World

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Coal bed methane producing companies
  • Oil & Gas exploration and production companies
  • Downstream & Midstream Companies
  • Research Institutes

USP and Key Offerings

  • Current and future market trends to validate the forthcoming attractive markets within oil & gas industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Key Trends:

  • Merger & Acquisition
  • Development of new techniques

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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