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Global Coal Bed Methane Market Size, Share, Growth, Research: By Technology: Hydraulic Fracturing, Horizonal Drilling, CO2 Sequestration; By Application: Commercial, Residential, Industrial, Transportation, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028
Global Coal Bed Methane Market Outlook
The global coal bed methane market size stood at a value of around USD 16 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.30% to reach USD 23.08 billion by 2027.
Rising Applications of Hydraulic Fractioning Technique in the Oil and Gas Sector to Augment the Global Coal Bed Methane Industry
Hydraulic fractioning technique is witnessing a rise in application in the oil and gas sector to improve the efficiency of coal bed methane walls, which is driving the segment’s growth. In addition to this, the technique also increases the production output while having no effect on drinking water owing to the horizontal propagation of the fracs.
Meanwhile, the horizontal drilling segment is likely to gain traction in the forecast period in coal bed reservoirs which is further propelling the market growth. During the forecast years, increased research and development activities to understand the pattern of drilling, for a better understanding of gas content, permeability, and characteristics of desorption, are likely to provide impetus to the segment.
Asia Pacific Accounts for a Sizable Share in the Market for Coal Bed Methane
The coal bed methane market in the region is being driven by the favourable policies of governments encouraging the acceptance of CBM as a source to produce various downstream products. For instance, in India, a license was issued to automotive manufacturing companies to use CBM as a primary fuel to run automotive vehicles.
Europe is anticipated to witness a steady growth in the coming years owing to the strong foothold of major CBM manufacturing companies planning to increase their production capacities.
Market Segmentation
Coal bed methane, also known as marsh gas, is a natural gas in unconventional form of natural gas which is obtained from coal deposits and coal seams. It is procured through a process in which plant material is transformed into coal, known as coalification. It is widely used as an active energy source in various industries.
Based on technology, the market can be segmented into:
- Hydraulic Fracturing
- Horizonal Drilling
- CO2 Sequestration
By application, the coal bed methane market has been divided into:
- Commercial
- Residential
- Industrial
- Transportation
- Others
The regional markets for the product include the Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Increasing Demand Natural Gas Production to Boost the Growth of the Coal Bed Methane Industry
Coal bed methane is used as a clean energy source to produce natural gas. The increasing demand for natural gas in commercial and industrial sectors for applications such as cooking, heating, and providing electricity to residential and industrial structures, among others, is driving market growth. Stringent regulations of the government emphasising on utilising clean energy sources in sectors such as oil and gas and petrochemical, is further propelling the demand for coal bed methane.
Moreover, coal bed methane can generate power in a relatively cheaper way and is gaining traction across emerging economies to reduce the dependency on carbon. This factor is bolstering the market growth. Furthermore, coal bed methane is a crucial component in the production of fertilisers. Hence, the thriving agriculture industry around the world owing to the increasing number of consumers, is likely to aid the market in the forecast period.
Key Players in the Global Market for Coal Bed Methane
The report gives a detailed analysis of the following key players in the global coal bed methane market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Halliburton Company
- BP PLC
- China United Coalbed Methane Corp.
- Petroliam Nasional Berhad (PETRONAS)
- Santos Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Coal Bed Methane Market Analysis
8.1 Key Industry Highlights
8.2 Global Coal Bed Methane Historical Market (2018-2022)
8.3 Global Coal Bed Methane Market Forecast (2023-2028)
8.4 Global Coal Bed Methane Market by Technology
8.4.1 Hydraulic Fracturing
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Horizonal Drilling
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 CO2 Sequestration
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Coal Bed Methane Market by Application
8.5.1 Commercial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Residential
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Transportation
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Coal Bed Methane Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Coal Bed Methane Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Coal Bed Methane Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Coal Bed Methane Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Coal Bed Methane Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Coal Bed Methane Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Halliburton Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 BP PLC
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 China United Coalbed Methane Corp.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Petroliam Nasional Berhad (PETRONAS)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Santos Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Coal Bed Methane Market: Key Industry Highlights, 2018 and 2028
2. Global Coal Bed Methane Historical Market: Breakup by Technology (USD Million), 2018-2022
3. Global Coal Bed Methane Market Forecast: Breakup by Technology (USD Million), 2023-2028
4. Global Coal Bed Methane Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Coal Bed Methane Historical Market: Breakup by Application (USD Million), 2018-2022
6. Global Coal Bed Methane Market Forecast: Breakup by Application (USD Million), 2023-2028
7. Global Coal Bed Methane Historical Market: Breakup by Region (USD Million), 2018-2022
8. Global Coal Bed Methane Market Forecast: Breakup by Region (USD Million), 2023-2028
9. North America Coal Bed Methane Historical Market: Breakup by Country (USD Million), 2018-2022
10. North America Coal Bed Methane Market Forecast: Breakup by Country (USD Million), 2023-2028
11. Europe Coal Bed Methane Historical Market: Breakup by Country (USD Million), 2018-2022
12. Europe Coal Bed Methane Market Forecast: Breakup by Country (USD Million), 2023-2028
13. Asia Pacific Coal Bed Methane Historical Market: Breakup by Country (USD Million), 2018-2022
14. Asia Pacific Coal Bed Methane Market Forecast: Breakup by Country (USD Million), 2023-2028
15. Latin America Coal Bed Methane Historical Market: Breakup by Country (USD Million), 2018-2022
16. Latin America Coal Bed Methane Market Forecast: Breakup by Country (USD Million), 2023-2028
17. Middle East and Africa Coal Bed Methane Historical Market: Breakup by Country (USD Million), 2018-2022
18. Middle East and Africa Coal Bed Methane Market Forecast: Breakup by Country (USD Million), 2023-2028
19. Global Coal Bed Methane Market Structure
Key Questions Answered in the Report
In 2021, the global market for coal bed methane attained a value of nearly USD 16 billion.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 23.08 billion by 2027.
The market is estimated to grow at a CAGR of 6.30% between 2023 and 2028.
The major regions in the industry are the Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America.
The major drivers of the market include the thriving agriculture industry, rising applications of CBM in the commercial and industrial sector, and rising demand for CBM to generate power.
The rapid transition from using traditional fossil fuels for power generation towards CBM, owing to the cost-effectiveness is likely to be the key trends in the market.
Hydraulic fracturing, horizonal drilling, and CO2 sequestration are the different segments based on technology.
Commercial, residential, industrial, and transportation, among others is the segmentation of market based on application.
The major players in the industry according to the EMR report are Halliburton Company, BP PLC, China United Coalbed Methane Corp., Petroliam Nasional Berhad (PETRONAS), and Santos Limited, among others.
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