Bulletin
Investor Alert

Jan. 17, 2020, 3:42 a.m. EST

Coal Bed Methane Market Growth, Future Prospects And Competitive Analysis 2026 | Fortune Business Insights

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Jan 17, 2020 (The Expresswire) -- Top Players in Coal Bed Methane Market are BG Group, Clarke Energy, Arrow Energy, Santos Ltd, Deep Industries Limited, Origin Energy, Australia Pacific LNG, China United Coalbed Methane Corp., SGS, Epiroc, Oil and Natural Gas Corporation Limited, and Green Eastern Energy Corporation Limited

The increasing demand for clean energy sources is a key factor driving the coal bed methane market, says Fortune Business Insights in a report, titled “ Coal Bed Methane Market Size, Share and Global Trend by Extraction Technology (Horizontal Drilling, Hydraulic Fracturing, CO2 Sequestration), By Application (Power Generation, Chemical, Fertilizers, Others) and Geography Forecast till 2026.” The strict regulations for fossil fuels will contribute significantly to the market growth.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/coal-bed-methane-market-101314

According to the report, coal bed methane is recovered from underground coal resources during the mining operations. The extraction of coal bed methane is carried out using vertical and horizontal drilling into the coal seams and eliminating the water content of the seam gas.

Some of the Major Companies that are Present in the Global Coal Bed Methane Market are:

  • BG Group

  • Clarke Energy

  • Arrow Energy

  • Santos Ltd

  • Deep Industries Limited

  • Origin Energy

  • Australia Pacific LNG

  • China United Coalbed Methane Corp.

  • SGS

  • Epiroc

  • Oil and Natural Gas Corporation Limited

  • and Green Eastern Energy Corporation Limited among others.

Key Market Driver Clean energy source and low exploration costs

Key Market Restraint Economic cost of alternatives to the coal bed methane

The power generation segment is expected to witness healthy growth during the forecast period owing to the low penetration of coal bed methane as a feedstock in other applications. By extraction technology, the coal bed methane market is segmented into horizontal drilling, hydraulic fracturing or CO2 sequestration methods. The horizontal drilling method is expected to hold a significant share in the market owing to its other methods for the introduction phase in commercial uses.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/coal-bed-methane-market-101314

The report provides a comprehensive overview of the coal bed methane market trends and offers information on the industrial developments in the market. It also offers superior insights and provides relevant data, assisting investors and companies to benefit in the long run.

Development of Gas-Fired Power Plant in Botswana will Aid Growth

The plans of Botswana for the development of a coal-bed methane gas-fuelled power plant to beat electricity shortages will create growth opportunities for the market. It is further predicted the Botswana government initiative is geared towards facilitating the development of the gas industry in the country. Since the Southern African nation has a significant energy shortage and generally relies on imported power to meet its power requirements. Therefore, the development of the power plant will bode well for the market. In addition, the announcement of the Reliance Group for its production of coal bed methane block is expected to boost the coal bed methane market growth. For instance, Reliance Group announced its plans to start the production of coal bed methane from a coal bed methane block which was awarded to the company in the year 2006.

Moreover, the exploration cost of coal bed methane is less as compared to other gases. This factor will increase the exploration activities and hence create opportunities for the market.

Increasing Demand for Liquefied Natural Gas will Boost Growth in North America

The U.S holds a prominent share in the global coal bed methane production whereas, on the other hand, Canada holds a smaller share. Increasing demand for the liquefied natural gas is expected to boost growth in North America. The coal bed market in Europe is highly dependent on production in Russia, U.K, Germany, and Poland among other countries. Russia is expected to hold a significant share in the market owing to the increasing production capacities of the past. Asia Pacific is expected to provide lucrative growth opportunities for the market owing to the high demand for clean energy and LNG in the region. China, Australia, and India are expected to remain the key markets in Asia Pacific in the near future. Latin America and the Middle East and Africa have minimal production capacities of coal bed methane. However, the production rate in the region is expected to grow at a moderate rate during the forecast period. Thus the market in those regions will witness significant growth in the foreseeable year.

Ask for Customization https://www.fortunebusinessinsights.com/enquiry/customization/coal-bed-methane-market-101314

Key Segmental Overview:

1. By Extraction Technology

  • Horizontal Drilling

  • Hydraulic Fracturing

  • CO2Sequestration

2. By Application

  • Power Generation

  • Chemical

  • Fertilizers

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.