Global Coal Bed Methane Market – Overview

Coal bed methane is a primary coal seam gas that is collected from unmined coal seams. These coal seams are then drilled down into releasing the associated gas which is extracted and can further be used to generate electricity. CBM can be used as a substitute for conventional natural gas in a wide variety of consumer and industrial applications. The porosity of coal bed reservoirs is usually very small, ranging from 0.1 to 10%. Coal bed methane market is essential in assisting food production rate thereby meeting the growing population needs. Essar Oil, a coal bed methane company is currently supplying 1 million cubic metre of the requisite gas to Matix Fertilizers and Chemicals.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7174

Prominent Players:

The key players of the global coal bed methane market are Baker Hughes (US), 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

Coal Bed Methane Market Segments 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.

Get Complete Report @ https://www.marketresearchfuture.com/reports/coal-bed-methane-market-7174

Coal Bed Methane Market Regional Analysis:

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.

Scope of the Report

This report provides an in-depth analysis of the global coal bed methane market, tracking twp market segments across five geographic regions. The report studies key players, 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. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the coal bed methane market by its technology, application, and by region.

View More Info @ https://on.mktw.net/2WspyqA

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]