A recent market intelligence report that is published by Data Insights Partner on the global Coal Bed Methane Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Coal Bed Methane Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Coal Bed Methane Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Coal Bed Methane Market is offered. In accordance with the report, the global Coal Bed Methane Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Coal-Bed Methane (CBM) is popularly known as Coal-Mine Methane (CMM), and Coal Seam Gas (CGS). It is a kind of Natural gas derived from the coal beds. Now-a-days, it is gaining momentum as a significant source of energy. Owing to the dearth of hydrogen sulfide, CBM is identified as a sweet gas. CBM is found in a state close to liquid, lining the matrix of the coal. The cleats of the coal also comprise of free gas that can be saturated in association of water. CBM is not a natural-gas condensate with a very little content of propane or butane and some percentage of carbon dioxide.
The transition of the preference pattern of the consumers and the adoption of non-traditional forms of power sources is fueling the growth of this market. The surging dependence on CBM reduces the pressure on national power grids in many developing countries.
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Favorable norms introduced by the government of different developed and developing nations for the use of CBM as an alternative of the conventionally used power sources is propelling the growth of this market. The governments of different nations are also providing incentives for the use of methane gas.
The rising environmental concern among the people coupled with the eco-friendly nature of the CBM is providing an impetus to the further use of CBM as a source of energy.
The volatile prices of natural gases, oils and various other sources of power and energy is indulging people to look out for cheap alternative sources of power and energy. The price of CBM is moderate comparatively to the other conventional forms of natural gases and energy sources which is thrusting the growth of the coal-bed methane market.
Rapid industrialization across developed and developing nations especially in the Asia-Pacific region like India and China is charging the demand for power which in turn is driving the demand for CBM and its market.
The application of CBM is not only limited to power generation but also extended towards the production of food and has acquired popularity as a fertilizer in the world’s fertilizer market. Being used as a fertilizer because of its ammonia content, it aids food production for the constantly soaring world population. This factor is empowering the growth of the CBM market.
The initial capital investment required for exploration of the availability of CBM, stimulation, water handling and drilling activities are exceptionally high and hampering this market structure.
The various other properties of CBM certifies it as a greenhouse gas and impedes the growth of this market.
Upsetting Groundwater level and the constantly reduction in the level of groundwater as a result of siphoning out coalbed waters and the introduction of additives in water is severely threatening the growth prospects in this market.
The rising demand for power for industrialization and the skyrocketing number of structuring industries coupled with the electrification of numerous rural regions of the developing economies will generate power demand and provide lucrative opportunities to this market.
The broadening of the base of exploring and drilling activities coupled with the employment in exploring and mining activities both directly and indirectly is likely to set up a good set of circumstances for this market.
The huge reserve of coal-bed methane comparatively to other power generating fossil fuels the totality of which is not yet explored will increase the supply of CBM and provide bankable opportunities to the coal-bed methane market.
The Asia-Pacific region is expected to showcase significant growth in the coal-bed methane market around an expected CAGR of 7.4% in the forecast period. This growth can be attributed to the presence of large chunks and deposits od CBM that had not yet been explored and the flourishing industrialization. The constant economic development and GDP growth is assumed to fuel the Asia-Pacific Region. The growth of the Asia-Pacific region is primarily influenced by India, China, Indonesia and Australia. This region has a broad base of demand and the popping up of new companies to meet this demand is likely to raise the supply side. The North America market is also projected to show coal-bed methane market development because the innovative ideas and the expertise can not only benefit the itself but also provide global benefit.
This market intelligence report on the global Coal Bed Methane Market encompasses market segments based on application, technology, and country.
By Application the global Coal Bed Methane Market has been divided into:
By Technology the global Coal Bed Methane Market has been divided into:
q CO2 Sequestration
q Horizontal Drilling
q Hydraulic Fracturing
By country/region, the global Coal Bed Methane Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Reliance Power
q China United Coalbed Methane Co
q Arrow Energy
q Blue Energy
q Nexan Inc
q Far Fast Energy Corporation
q Great Eastern Energy Corporation
q Oil and Natural Gas Corp
q Coal India Ltd
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Coal Bed Methane Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Great Eastern Energy Corporation
By November 2018, GEECL CBM block held 6.63 Tcf shale resources. Only 1.7 Tcf of it could be extracted. The company started the initial exploration work by the first half of 2019.
Oil and Natural Gas Corp
By 2020, the Coal-bed Methane blocks located at Jharkhand held by the Oil and Natural Gas Corp of India is likely to initiate production.
Coal India Ltd
By May 2020, Coal India Ltd invited bidders including Adani, Essar, Reliance to take part in the Pre-bid meeting of the CBM project of Rs. 3750 Crore. The project is supposed to be held in Revenue Sharing basis. The projects are at Jharia in Jharkhand and Raniganj in West Bengal.
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Ø This study offers comprehensive yet detailed analysis of the Coal Bed Methane Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Coal Bed Methane Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Coal Bed Methane caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Coal Bed Methane Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Coal Bed Methane Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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