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Coal Bed Methane Market By Application (Power Generation, Industrial, Residential, Commercial, Transportation) – Growth, Future Prospects & Competitive Analysis, 2016 – 2023

Published: | Report ID: 3595 | Report Format : PDF

Market Insights

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), coal bed gas, or coal seam gas (CSG). Advancements in technology have facilitated the production of coal bed methane on a commercial scale. Growing energy demand and depleting oil reserves are influencing oil producers to seek alternative sources of energy, such as shale gas, tight oil, and coal bed methane.

The coal bed methane market is expected to gain moderate growth with the growing application of natural gas in the manufacturing, residential, and automotive sectors. 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 the mitigation of greenhouse gases, therefore improving the safety of coal mining operations, and also earns carbon credits, which are factors expected to augment the growth of the 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 are anticipated to restrain the growth of the coal bed methane market during the forecast period (20216-2023).

North America is expected to be the largest region in the global coal bed market, which is anticipated to contribute the highest revenue share in the global coal bed market owing to the early adoption of various technologies for the exploration and production of coal bed methane on a commercial level. However, the segment has become mature and is projected to grow steadily over the forecast period (2016–2023). Asia Pacific is projected to be the second-largest region due to high coal reserves in the region coupled with increasing production of coal bed methane, especially in China, India, and Indonesia.

The global coal bed methane market is projected to be valued at US$ 3.2 billion by the end of 2016 and is expected to expand at a CAGR of 4.3% during the forecast period of 2016–2023.

Purpose of the Report

The purpose of this strategic research study titled “Global Coal Bed Methane Market: Growth, Future Prospects, Competitive Analysis, and Forecast, 2016–2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global coal bed methane market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Coal bed methane-producing companies
  • Oil and gas exploration and production companies
  • Downstream and midstream companies
  • Research Institutes

Overall, the research study provides a holistic view of the coal bed methane market’s growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above-mentioned factors.

On the basis of application, the global coal bed methane market is categorized into the following types:

  • Power Generation
  • Industrial
  • Residential
  • Commercial
  • Transportation

The oil and gas industry has witnessed a shift from conventional to non-conventional oil and gas production. Growing energy demand from various sectors such as manufacturing, transportation, residential, and commercial sectors and depleting oil reserves are influencing oil producers to explore non-conventional resources such as shale gas, tight oil, and coal bed methane to meet the demand. The coal bed methane market is gaining momentum with increasing application across various sectors.

On the basis of application, the global coal bed methane market can be segmented into power generation, industrial, residential, commercial, and transportation.

Among all applications, the industrial segment is anticipated to be the most dominant segment owing to the increasing demand for natural gas due to the growing demand for various consumer products. Following it, power generation is expected to be the second largest segment by virtue of natural gas from gas-based power plants due to increasing energy demand across the globe. The segment is projected to register significant growth over the forecast period (2016–2023).

On the basis of geography, the global coal bed methane market is segmented into the following categories:

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

The coal bed methane market is expected to witness significant growth over the forecast period due to increased exploration and production of natural gas from non-conventional reserves. Growing energy demand and a keenness to reduce emissions of greenhouse gases are expected to augment the growth of the global coal bed methane market.

The global coal bed methane market is segmented on the basis of geography. North America is expected to contribute the highest revenue share in the global coal bed methane market by the end of 2016 due to the early adoption of technologies to produce coal bed methane from coal beds. However, the segment has become mature and is anticipated to lose market share to Asia Pacific by 2023. Following it, Asia Pacific is anticipated to be the second-largest and fastest-growing region in the global coal bed methane market in 2016.

The growth of the segment is augmented by increasing exploration and production of coal bed methane in the major economies of the region, such as Australia, China, India, and Indonesia. High coal reserves and a willingness to reduce dependency on conventional fuel coupled with a favorable regulatory framework are anticipated to fuel the growth of the coal bed methane market in the region over the forecast period (2016–2023).

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Coal Bed Methane Market Snapshot
2.1.1. Global Coal Bed Methane Market by Application, 2016
2.1.2. Global Coal Bed Methane Market by Geography, 2016
2.1.3. Market Drivers, Challenges and Future Prospects
3. Global Coal Bed Methane Market Dynamics
3.1. Market Overview
3.2. Production Cost Tear Down Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry

4. Global Coal Bed Methane Market Size (US$ Mn) (bcf), By Application, 2013 – 2023
4.1. Overview
4.1.1. Market Share Analysis by Application, 2015 vs 2023
4.1.2. Attractive Investment Proportion by Application
4.2. Power Generation
4.3. Industrial
4.4. Residential
4.5. Commercial
4.6. Transportation

5. Global Coal Bed Methane Market Size (US$ Mn) (bcf), By Geography, 2013 – 2023
5.1. Overview
5.1.1. Market Share Analysis by Geography, 2015 vs. 2023
5.1.2. Attractive Investment Proportion by Geography
5.2. North America Coal Bed Methane Market Analysis, 2013 – 2023
5.2.1. North America Coal Bed Methane Market Size (US$ Mn) (bcf), By Country, 2013 – 2023
5.2.1.1. U.S.
5.2.1.2. Canada
5.2.2. North America Coal Bed Methane Market Size (US$ Mn) (bcf) , By Application, 2013 – 2023
5.2.2.1. Power Generation
5.2.2.2. Industrial
5.2.2.3. Residential
5.2.2.4. Commercial
5.2.2.5. Transportation
5.3. Europe Coal Bed Methane Market Analysis, 2013 – 2023
5.3.1. Europe Coal Bed Methane Market Size (US$ Mn) (bcf) , By Country, 2013 – 2023
5.3.1.1. Russia
5.3.1.2. U.K
5.3.1.3. Rest of Europe
5.3.2. Europe Coal Bed Methane Market Size (US$ Mn) (bcf) , By Application, 2013 – 2023
5.3.2.1. Power Generation
5.3.2.2. Industrial
5.3.2.3. Residential
5.3.2.4. Commercial
5.3.2.5. Transportation
5.4. Asia Pacific Coal Bed Methane Market Analysis , 2013 – 2023
5.4.1. Asia Pacific Coal Bed Methane Market Size (US$ Mn) (bcf) , By Country, 2013 – 2023
5.4.1.1. Australia
5.4.1.2. China
5.4.1.3. India
5.4.1.4. Indonesia
5.4.1.5. Rest of Asia Pacific
5.4.2. Asia Pacific Coal Bed Methane Market Size (US$ Mn) (bcf) , By Application, 2013 – 2023
5.4.2.1. Power Generation
5.4.2.2. Industrial
5.4.2.3. Residential
5.4.2.4. Commercial
5.4.2.5. Transportation
5.5. Rest of World Coal Bed Methane Market Analysis , 2013 – 2023
5.5.1. Rest of World Coal Bed Methane Market Size (US$ Mn) (bcf) , By Application, 2013 – 2023
5.5.1.1. Power Generation
5.5.1.2. Industrial
5.5.1.3. Residential
5.5.1.4. Commercial
5.5.1.5. Transportation

6. Company Profiles
6.1. Competitive Dashboard
6.2. Key Players
6.2.1. Arrow Energy.
6.2.1.1. Business Description
6.2.1.2. Financial Information
6.2.1.3. Product Positions/Portfolio
6.2.1.4. Key Developments
6.2.2. BG Group
6.2.3. BAKER HUGHES
6.2.4. Dart Energy
6.2.5. BLUE ENERGY LTD
6.2.6. BP PLC
6.2.7. CONOCOPHILLIPS
6.2.8. CHINA UNITED COALBED METHANE CO
6.2.9. ENCANA CORP
6.2.10. Halliburton
6.2.11. FORTUNE OIL PLC
6.2.12. METGASCO LTD
6.2.13. ORIGIN ENERGY LTD
6.2.14. PETRONAS
6.2.15. NEXEN INC
6.2.16. Other Notable Players

List of Figures

Figure 1: Global Coal Bed Methane Market Revenue (US$ Mn) Forecast, 2016-2023
Figure 2: Global Coal Bed Methane Market YOY Growth Comparison, 2016-2023
Figure 3: Global Coal Bed Methane Market Share (%) Analysis Forecast, by Application, 2016-2023
Figure 4: Global Coal Bed Methane Market Investment Proportion by Application, 2016-2023
Figure 5: Global Coal Bed Methane Market YOY(%) Comparison by Geography, 2016-2023
Figure 6: Global Coal Bed Methane Market Share (%) Analysis, by Geography, 2016-2023
Figure 7: Global Coal Bed Methane Market Investment Proportion by Geography, 2016-2023
Figure 8: North America Coal Bed Methane Market Revenue (US$ Mn) Forecast by Country, 2016-2023
Figure 9: North America Coal Bed Methane Market Share Analysis by Country, 2016-2023
Figure10: North America Coal Bed Methane Market Investment Proportion by Country
Figure11: Europe Coal Bed Methane Market Revenue (US$ Mn) Forecast by Country, 2016-2023
Figure12: Europe Coal Bed Methane Market Share Analysis by Country, 2016-2023
Figure13: Europe Coal Bed Methane Market Investment Proportion by Country, 2016-2023
Figure14: Asia Pacific Coal Bed Methane Market Revenue (US$ Mn) Forecast by Country, 2016-2023
Figure15: Asia Pacific Coal Bed Methane Market Share Analysis by Country, 2016-2023
Figure16: Asia Pacific Coal Bed Methane Market Investment Proportion by Country, 2016-2023
Figure17: Rest of World Coal Bed Methane Market Revenue (US$ Mn) Forecast by Country, 2016-2023

List of Tables

Table 1: Global Coal Bed Methane Market Revenue (US$ Mn) Forecast, by Application, 2016-2023
Table 2: Global Coal Bed Methane Market Revenue (US$ Mn) Forecast, by Geography, 2016-2023
Table 3: North America Coal Bed Methane Market Revenue (US$ Mn) Forecast, by Country, 2016-2023
Table 4: North America Coal Bed Methane Market for Revenue (US$ Mn) Forecast, by Application, 2016-2023
Table 5: Europe Coal Bed Methane Market Revenue (US$ Mn) Forecast, by Country, 2016-2023
Table 6: Europe Coal Bed Methane Market for Revenue (US$ Mn) Forecast, by Application, 2016-2023
Table 7: Asia Pacific Coal Bed Methane Market Revenue (US$ Mn) Forecast, by Country, 2016-2023
Table 8: Asia Pacific Coal Bed Methane Market for Revenue (US$ Mn) Forecast, by Application, 2016-2023
Table 9: Rest of World Coal Bed Methane Market for Revenue (US$ Mn) Forecast, 2016-2023
Table 10: Rest of World Coal Bed Methane Market for Revenue (US$ Mn) Forecast, by Application, 2016-2023
Table 11: Arrow Energy: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 12 : BG Group PLC: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 13 : BAKER HUGHES Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 14 : Dart Energy: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 15 : BLUE ENERGY LTD .: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 16: BP PLC: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 17: CONOCOPHILLIPS: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 18: China United Coalbed Methane Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 19: ENCANA CORP.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 20: Halliburton.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 21: FORTUNE OIL PLC.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 22: METGASCO LTD.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 23: ORIGIN ENERGY LTD.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 24: PETRONAS.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)
Table 25: NEXEN INC.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; Key Developments)

Frequently Asked Questions

What is the size of Coal Bed Methane Market?

The market for Coal Bed Methane Market is expected to reach US$ 4.3 Bn By 2023.

What is the Coal Bed Methane Market CAGR?

The Coal Bed Methane Market is expected to see significant CAGR growth over the coming years, at 4.3%.

What is the Forecast period considered for Coal Bed Methane Market?

The report is forecasted from 2016 To 2023.

What is the base year considered for Coal Bed Methane Market?

The base year of this report is 2015.

Who are the major players in this market?

BLUE ENERGY LTD, CHINA UNITED COALBED METHANE CO, FORTUNE OIL PLC, METGASCO LTD, NEXEN INC are some of the major players in the global market.

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