The modern-day document posted via Report Ocean, titled “Coal Bed Methane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global coal bed methane market is expected to reach $17,956 million by 2023 from 9,089 million in 2016, registering a CAGR of 9.0% from 2017 to 2023. Coal bed methane (CBM) is produced in association with coal beds/coal seams. CBM reserves are located wherever large deposits of coal are found. It is formed through organic decomposition and adheres to the many surfaces of the coal until it is released through natural or man-made processes. Conventional CBM extraction is achieved by dewatering and reducing the pressure in the coal bed, such that the adsorbed methane is released from the porous coal surface.
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The reduction in methane emissions associated with conventional fuels and coal mining, lesser price of CBM compared to other unconventional natural gases, and generation of direct and indirect employment in the extraction of CBM drive the global coal bed methane market growth. However, the large initial capital requirement for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in evaluation of CBM proposals hamper the market growth. Moreover, reduction in the water management costs in CBM extraction projects is expected to be a key challenge for the market growth.
The global coal bed methane market is segmented based on application and geography. The application segment is classified into industrial, power generation, transportation, commercial, and residential. Geographically, it is analyzed across North America, Europe, and Asia-Pacific.
In 2016, North America occupied the largest market share, followed by Asia-Pacific. North America is expected to dominate the global CBM market by 2023, though substantial growth is expected in the emerging countries, such as, China, India, and Indonesia.
The prominent players in the global coal bed methane market have strategically focused on expansion and agreements as their key strategies to gain significant market share.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends, emerging estimations, and dynamics throughout the coal bed methane market.
In-depth analysis of CBM market is conducted and estimations for key segments between 2016 and 2023 are provided.
The driving and restraining factors for the market growth are provided.
CBM market share for all segments with respect to each geography is provided.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the CBM industry trends.
The key players profiled are as follows:
Arrow Energy Holdings Pty Ltd.
Baker Hughes, Inc.
BG Group PLC.
Blue Energy Ltd.
BP PLC.
China United Coal Bed Methane Corporation
Concophillips
Encana Corporation
Origin Energy Ltd.
Santos Ltd.
The other players in the value chain include
AGL Energy Limited
Bow Energy Ltd.
Black Diamond Energy, Inc.
Dart Energy Corporation
Great Eastern Energy Corp. Ltd.
Green Dragon Gas Ltd.
Halliburton Co.
Metgasco Ltd.
Reliance Power Limited
Senex Energy Limited
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KEY MARKET SEGMENTATION
BY APPLICATION
Industrial
Power Generation
Transportation
Commercial
Residential
BY GEOGRAPHY
North America
U.S.
Canada
Europe
UK
Germany
France
Russia
Czech Republic
Poland
Asia-Pacific
China
Australia
India
Indonesia
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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