Global Coal Bed Methane Market to Reach $4.3 Billion by 2023: Analysis By Application & Geography – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Global
Coal Bed Methane Market, 2016 to 2023” report has been added to Research
and Markets’ offering.

The Global Coal Bed Methane Market is expected to reach US$ 4.3 Bn by
2023, expanding at a CAGR of 4.3% between 2016 to 2023.

Coal bed methane refers to the extraction of natural gas from the coal
beds. Natural gas is generally present in the coal bed in the form of
methane. It is also known as coal-mine methane (CMM) or coal bed gas or
coal seam gas (CSG). Advancement in technology has facilitated the
production of coal bed methane on commercial scale. Growing energy
demand and depleting oil reserves influencing oil producer to seek
alternative source of energy such as shale gas, tight oil and coal bed
methane.

Coal Bed Methane market is expected to gain moderate growth with growing
application of natural gas into manufacturing, residential and
automotive sector. Oil deficit economies with high coal reserves are
looking to explore coal bed methane to reduce their dependency on
conventional oil and gas. Moreover, exploration of coal bed methane
helps in mitigation of greenhouse gases therefore improve the safety of
coal mining operations and also earns carbon credits are factors
expected to augment the growth of global coal bed methane market over
the forecast period.

However, environmental concerns over the usage of water for the recovery
of coal bed methane and high capital intensive projects of exploration
of coal bed methane is anticipated to restrain the growth of coal bed
methane market during the forecast period (20216-2023).

Companies Mentioned

• Arrow Energy.
• BG Group
• Baker Hughes
• Dart Energy
• Blue Energy
• BP Plc
• ConocoPhillips
• China United Coalbed Methane
• Encana Corp
• Halliburton
• Fortune Oil Plc
• Metgasco Ltd
• Origin Energy
• Petronas
• Nexen

Key Topics Covered:

1. Preface

2. Executive Summary

3. Global Coal Bed Methane Market Dynamics

4. Global Coal Bed Methane Market Size (US$ Mn) (Bcf), by Application,
2013 – 2023

5. Global Coal Bed Methane Market Size (US$ Mn) (Bcf), by Geography,
2013 – 2023

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/sjjdf4/global_coal_bed

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Related
Topics: Petrochemicals