Coal Bed Methane Market Report Scope and Research Methodology :
Our 2023-2029 forecast is built on rigorous analysis using 2022 as the base year. We’ve based our projections on real-world data and the contributions of key global players, considering trends from the past five years. We’ve also considered the exceptional year of 2020 and its regional impact, especially due to lockdowns.
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Coal Bed Methane Market Dynamics:
The report highlights the increasing demand for energy across various sectors, including residential, commercial, and industrial, and how consumer preferences for coal bed methane (CBM) as a cleaner energy source are evolving. The lower emissions of methane from conventional fuels and coal mining, coupled with CBM’s cost-efficiency, have propelled its market growth. Government initiatives to use environmentally friendly energy sources and methane gas have further contributed to the rise of the CBM market.
Coal Bed Methane Market Regional Insights:
The Asia Pacific region is anticipated to dominate the CBM market, growing at a CAGR of 7.49% from 2023 to 2029. In 2022, it already reached a value of USD 8.80 billion. This growth is attributed to the region’s extensive CBM assets utilization, corporate expansion, and increased CBM production. Notably, commercial CBM production is anticipated in countries such as Australia, China, and Canada.
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Coal Bed Methane Market Segmentation:
by Extraction
Technology Horizontal Drilling
Hydraulic Fracturing
CO2 Sequestration
by Application
Power Generation
Chemical
Fertilizers
Others
Coal Bed Methane Market Key Players:
1. Essar (Mumbai)
2. Reliance Industries Limited (Mumbai)
3. Arrow Energy (Australia)
4. Petro China Company (China)
5. Baker Hughes (US)
6. Petroliam Nasional Berhad (Germany)
7. G3 Exploration (China)
8. ConocoPhillips Company (US)
9. GEECL (India)
10. BG Group PLC (UK)
11. Blue Energy (Denmark)
12. BP PLC (UK)
13. China United CoalBed (China)
14. Santos (Australia)
15. Origin Energy Ltd (Australia)
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Table of content for the Coal Bed Methane Market includes:
Key Offerings:
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