Coal Bed Methane Market research reports providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America.
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Coal Bed Methane Market – Overview
The global coal bed methane market is expected to grow at a 4.05% CAGR during the forecast period. Global coal bed methane market is expected to witness substantial growth during the forecast period owing to ongoing natural gas pipeline projects and increasing benefits to coal mining industry. For instance, developing economy of countries like India is driving demand for new sources of energy and thus coal bed methane is expected to supplement the gas supply. These factors would drive the coal bed methane market in the coming years.
The global coal bed methane market is projected to grow at a high rate during the forecast period, mainly due to the increasing adoption of coal bed methane as an alternative to electricity will lower the burden on the national power grids of developing countries. Market growth in this region can be attributed to countries such as China, Australia, and India are the key markets for cola bed methane in Asia Pacific. However, growing demand for sustainable fuel in the US and increased focus on reducing the reliance on conventional sources of natural gas would driver the coal bed methane market in the North America.
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Segmental Analysis
Global coal bed methane market has been segmented based on technology, application, and region. Based on technology, the market is classified into Hydraulic Fracturing, Horizontal Drilling, and CO2 sequestration. Hydraulic fracturing which leads the market, owing to the technological advancements achieved in this technique coupled with its ease of use and would further complement the coal bed methane market during the forecast period. The global coal bed methane market is further segmented based on application, including residential, industrial commercial, transportation, and others. Industrial segment of the global coal bed methane market is estimated to register the highest growth rate during the forecast period due to the increasing use of coal bed methane as an alternate source to conventional natural gas.
Key Players
The key players of global coal bed methane market are Essar Oil (India), Reliance Power (India), Halliburton (US), Chevron (US), BP (UK), Weatherford (US), Arrow Energy (Australia), Blue Energy (Australia), Conocophillips (US), China United Coalbed Methane Co (China), Encana Corporation (Canada), Far East Energy Corporation (US), Santos (Australia), and Nexen Inc. (Canada), among others. (Germany), among others.
North America is estimated to hold the largest share during the forecast period
Region wise, North America held the largest market share of the global coal bed methane market in 2017. North America region has some major players from the oil & gas industry and growing demand for sustainable fuel in US and Canada. The coal bed methane market would be mainly driven by creased focus on reducing the reliance on conventional sources of natural gas. In addition, significant natural gas production in countries such as India, China, Saudi Arabia, and others would also have a positive impact on the growth of coal bed methane market during the forecast period.
Brief TOC of Coal Bed Methane Market
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
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List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Coal Bed Methane Market Share, By Technology, 2017 (%)
Figure 9 Global Coal Bed Methane Market, By Technology, 2018-2023 (USD Million)
Continue….
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