Coal Bed Methane Market Scope
Coal bed methane (CBM), an unconventional source natural gas, is naturally produced during the geologic process of converting plant material to coal (coalification). CBM has considerable potential as an abundant clean energy supply, to help replace other diminishing hydrocarbon reserves. For instance, India has the fifth largest proven coal reserves in the world and thus holds significant prospects for exploration and exploitation of CBM.
According to AMA, the Global Coal Bed Methane market is expected to see growth rate of 1.9%
Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global Coal Bed Methane market throughout the predicted period.
Arrow Energy Ltd. (Australia), BG Group PLC (United Kingdom), Santos Ltd. (Australia), Origin Energy Ltd. (Australia), BP PLC (United Kingdom), EnCana Corp. (Canada), Petronas (Malaysia), Metgasco Ltd. (Australia), China United Coal Bed Methane Corp. Ltd. (China), ConocoPhillips Company (United States), Bow Energy Ltd. (Indonesia), Black Diamond Energy (United States), Dart Energy Corporation (United States), Great Eastern Energy Corp. Ltd. (India) and Green Dragon Gas Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Halliburton Co (United States), Metgasco Ltd. (Australia), Reliance Power Limited (India) and Senex Energy Limited (Australia).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Coal Bed Methane market , by Application (Power Generation, Industrial Utilisation, Residential Utilisation, Commercial Utilisation and Transportation) and Region with country level break-up.
On the basis of geography, the market of Coal Bed Methane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The United Kingdom government owns the methane associated with coal and regulates the rights to the gas. The government passes its ownership to the licensee when methane is recovered. According to the United Kingdom department for business enterprise and regulatory reform, mine gas is considered a petroleum product, thus the regulation of rights did not rest with the Coal Authority.
- Increasing Need Sustainable Energy
- Growing Popularity has a Profound Impact on Upcoming Fossil Fuel-Based Power Projects Worldwide
- Surging Benefits to Coal Mining Industry Across the Globe
- Ongoing Natural Gas Pipeline Projects in Both Developed and Developing Economies
- Efforts to Diversify Fuel Mix
- Increasing Demand of Power Generation in Developing Economies
- Surging Focus on the Production of Natural Gas from Unconventional Reserves
- Huge Initial Capital Commitment for Well Drilling, Stimulation, and Water Handling
- Environmental Concerns In the Development of Coal Bed Methane
- High Dependency on Newer Technology and Development
Key Target AudienceCoal Bed Methane Miners, Technology Providers, Government Organisations, Power Generations Companies, End Users and Others