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

World News: . []

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

More news and information about Research and Markets

Published By:

Business Wire: 16:59 GMT Monday 17th July 2017

Published: .

Search for other references to "global" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2017. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us
 

Advertising on SPi News: Information For Advertisers