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Jul 17, 2017 3:15 PM ET

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

iCrowdNewswire - Jul 17, 2017

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/dqgcp5/global_coal_bed

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Petrochemicals (https://www.researchandmarkets.com/categories.asp?cat_id=569&campaign_id=dqgcp5)

Via iCrowdNewswire
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