Tech World Herald - Coal Bed Methane Market To Endure With CAGR Of 5.4% By 2026

Coal Bed Methane Market To Endure With CAGR Of 5.4% By 2026

Newsdesk 8/7 11:50

Coal Bed Methane (CBM) also called as coalbed gas, Coal Seam Gas (CSG), or Coal-mine Methane (CMM) is a form of natural gas that trapped in carbon structure of coal seams or coal deposits and extracted from coal beds. CMB is formed during the process of coalification and transformation of plant material into coal. Vertical and horizontal wells are used to develop CBM resources.

The first five-year cumulative revenue (2019?2023) is projected to be over US$ 70 Bn, which is expected to increase significantly over the latter part of the five-year forecast period. The global coal bed methane market is expected to be valued at nearly US$ 13 Bn in 2019, and is expected to register a CAGR of 5.4%.

Increasing emission of methane from conventional fuel and shifting focus of industries towards the use of unconventional energy are some of the other major factors expected to drive growth of the global coal bed market. In addition, rising concerns toward environmental issues such as an increase in carbon-di-oxide level and earning carbon credits is also anticipated to fuel growth of the global coal bed market.

Furthermore, government initiatives towards the use of unconventional resources worldwide is another factor expected to propel growth of the target market over the forecast period.

Global Coal Bed Methane Market: Market Forecast

The comprehensive research report comprises a complete forecast of the global coal bed methane market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global coal bed methane market is expected to expand at a CAGR of 5.4% over the forecast period.

Global Coal Bed Methane Market: Segmental Snapshot

The market report has been segmented on the basis of application and region. The application segment is further bifurcated into industrial, power generation, transportation, and others. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By application: The power generation segment accounted for highest revenue share contribution as compared to other application segments, and is expected to register a CAGR of over 5.3% between 2019 and 2028.

By Region: The North America coal bed methane market accounted for the highest share in terms of revenue in the global coal bed methane market in 2018. The Asia Pacific is expected to register the highest CAGR of over 5.8% between 2019 and 2028.

Click Here To Request The Sample Copy Of This Research 

Global Coal Bed Methane Market: Competitive Analysis

The research report on the global coal bed methane market include profiles of some of major companies such Santos Limited, Quicksilver Resources Inc., Baker Hughes, a GE Company, LLC, Royal Dutch Shell Plc (BG Group Limited and Arrow Energy Holdings Pty Ltd.), Blue Energy Pty Ltd., Halliburton Company, IGas Energy plc, Fortune Oil plc, ConocoPhillips Company, and Metgasco Limited.


Pressmeddelandet skickades med Mynewsdesk

Till pressmeddelandet

Teckenstorlek

Tipsa

Blogga

Skriv ut




LÅNEFÖREMEDLARE:



ALLA LÅN:




- låna pengar snabbt?
- lån utan uc?
- lån med betalningsanmärkning?

Beställ årsredovisningar gratis!

Ekonomi Nyheter .se - Innehåll

 

 

 

 

DMCA.com Protection Status