Coal bed methane refers to the extraction of natural gas from the coal beds. Natural gas is generally present in the coal bed in the form of methane. It is also known as coal-mine methane (CMM) or coal bed gas or coal seam gas (CSG). Advancement in technology has facilitated the production of coal bed methane on commercial scale. Growing energy demand and depleting oil reserves influencing oil producer to seek alternative source of energy such as shale gas, tight oil and coal bed methane.
Coal Bed Methane market is expected to gain moderate growth with growing application of natural gas into manufacturing, residential and automotive sector. Oil deficit economies with high coal reserves are looking to explore coal bed methane to reduce their dependency on conventional oil and gas. Moreover, exploration of coal bed methane helps in mitigation of greenhouse gases therefore improve the safety of coal mining operations and also earns carbon credits are factors expected to augment the growth of global coal bed methane market over the forecast period. However, environmental concerns over the usage of water for the recovery of coal bed methane and high capital intensive projects of exploration of coal bed methane is anticipated to restrain the growth of coal bed methane market during the forecast period (2023-2030).
North America is expected to largest region in global coal bed market which is anticipated to contribute highest revenue share in global coal bed market owing to early adoption of various technologies for the exploration and production of coal bed methane on commercial level. However, the segment has become mature and projected to grow steadily over the forecast period (2023-2030). Asia pacific is projected to be the second largest region due to high coal reserves in the region coupled with increasing production of coal bed methane especially in China, India and Indonesia.
Global coal bed methane market is projected to be valued at US$ 3.8 Bn by the end of 2020 and is expected to expand at a CAGR of 4.3% during the forecast period 2023-2030.
Purpose of the Report
The purpose of this strategic research study titled “Global Coal Bed Methane Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2023 – 2030” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global coal bed methane market.
Target Audience
USP and Key Offerings
The report titled “Global Coal Bed Methane Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2023 – 2030” offers strategic insights into the coal bed methane market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on component, application and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading big data service providers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the coal bed methane market growth, offering market size and estimates for the period from 2020 to 2030, keeping in mind the above-mentioned factors.
Oil & gas industry has witnessed shift from conventional to non-conventional oil & gas production. Growing energy demand from various sectors such as manufacturing, transportation, residential and commercial sectors and depleting oil reserves influencing oil producer to explore non-conventional resources such as shale gas, tight oil and coal bed methane meet the demand. Coal bed methane market is gaining momentum with increasing application across various sectors.
On the basis of application, the global coal bed methane market can be segmented into power generation, industrial, residential, commercial and transportation
Among all applications, industrial segment is anticipated to be the most dominant segment owing to increasing demand for natural gas due growing demand for various consumer products. Followed by it, power generation is expected to be the second largest segment by virtue of natural gas from gas based power plant due to increasing energy demand across the globe. The segment is projected to register significant growth over the forecast period (2023-2030).
Coal bed methane market is expected to witness significant growth over the forecast period due to increasing exploration and production of natural gas from non-conventional reserves. Growing energy demand and keenness to reduce emission of greenhouse gases are expected to augment the growth of the global coal bed methane market.
Global coal bed methane market is segmented on the basis of geography. North America is expected to contribute highest revenue share in global coal bed methane market by end of 2020 due to early adoption of technologies to produce coal bed methane from coal beds. However, the segment has become mature and anticipated to lose its market share to Asia Pacific by 2030. Followed by it, Asia Pacific is anticipated to be the second largest and fastest growing regions in the global coal bed methane market in 2023. The growth of the segment is augmented by increasing exploration and production of coal bed methane in the major economies of the region such as Australia, China, India and Indonesia. High coal reserves, willingness to reduce dependency on conventional fuel coupled with favorable regulatory frame is anticipated to fuel the growth coal bed methane market in the region over the forecast period (2023-2030).
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Coal Bed Methane market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
