Aug 11, 2017   SOURCE: BusinessWire

Coal Bed Methane Market by Application - Global Opportunity Analysis and Industry Forecast, 2017-2023 - Research and Markets

The "Coal Bed Methane Market by Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to Research and Markets' offering.

The global coal bed methane market is expected to reach $17,956 million by 2023 from 9,089 million in 2016, registering a CAGR of 9.0% from 2017 to 2023.

Coal bed methane (CBM) is produced in association with coal beds/coal seams. CBM reserves are located wherever large deposits of coal are found. It is formed through organic decomposition and adheres to the many surfaces of the coal until it is released through natural or man-made processes.

Conventional CBM extraction is achieved by dewatering and reducing the pressure in the coal bed, such that the adsorbed methane is released from the porous coal surface.

The reduction in methane emissions associated with conventional fuels and coal mining, lesser price of CBM compared to other unconventional natural gases, and generation of direct and indirect employment in the extraction of CBM drive the global coal bed methane market growth.

However, the large initial capital requirement for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in evaluation of CBM proposals hamper the market growth.

Moreover, reduction in the water management costs in CBM extraction projects is expected to be a key challenge for the market growth.

The global coal bed methane market is segmented based on application and geography. The application segment is classified into industrial, power generation, transportation, commercial, and residential. Geographically, it is analyzed across North America, Europe, and Asia-Pacific.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Coal Bed Methane Market, By Application

Chapter 5 Coal Bed Methane Market, By Geography

Chapter 6 Company Profiles

Companies Mentioned

  • Arrow Energy Holdings Pty Ltd.
  • Baker Hughes Inc.
  • BG Group PLC.
  • Blue Energy Ltd.
  • BP PLC.
  • China United Coal Bed Methane Corporation
  • Concophillips
  • Encana Corporation
  • Origin Energy Ltd.
  • Santos Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/kvw392/coal_bed_methane