Coal Bed Methane (CBM) Global Market Report 2023

“Coal Bed Methane (CBM) Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on coal bed methane (cbm) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for coal bed methane (cbm)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The coal bed methane (cbm) market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: CBM Wells; Coal Mines

• 2) By Raw Materials: Natural gas; Coal

• 3) By Technology: Horizontal Drilling; Hydraulic Fracturing; CO2 Sequestration

• 4) By Application: Industrial; Power Generation; Transportation; Commercial; Residential

• Companies Mentioned: Arrow Energy Holdings Pty Ltd.; Baker Hughes Company; BP Plc.; Essar Group; G3 Exploration

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the coal bed methane (cbm) market are Arrow Energy Holdings Pty Ltd., Baker Hughes Company, BP Plc., Essar Group, G3 Exploration, Halliburton Company, Petroliam Nasional Berhad, Reliance Industries Limited, Royal Dutch Shell Plc., Santos Limited, The ConocoPhillips Company, PetroChina Company Limited, BG Group (Royal Dutch Shell PLC), Origin Energy, Chevron Corporation, Far East Energy Corporation, and Nexen Inc.

The global coal bed methane (CBM) market is expected to grow from $17.82 billion in 2022 to $18.82 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The coal bed methane (CBM) market is expected to grow to $22.97 billion in 2027 at a CAGR of 5.1%.

The coal bed methane (CBM) market consists of sales of secondary biogenic methane, thermogenic methane, residual thermogenic CO2 and heavy hydrocarbons. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Coal bed methane (CBM) refers to an uncommon variety of natural gas that is discovered in coal seams or deposits. It is a primary clean energy source of natural gas. CBM is created during the coalification process, which converts plant matter into coal.

Asia-Pacific was the largest region in the coal bed methane (CBM) market in 2022. The regions covered in the coal bed methane (CBM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of coal bed methane (CBM) are CBM wells and coal mines. A CBM well refers to any hole dug into the soil to search for or extract coal bed methane. The various raw materials used are natural gas and coal made with horizontal drilling, hydraulic fracturing, and CO2 sequestration technology that are used for industrial, power generation, transportation, commercial, and residential applications.

A considerable surge in electricity consumption around the world is significantly contributing to the coal bed methane (CBM) market. Electricity refers to a fundamental form of energy that may be observed in both positive and negative forms, that occurs naturally (lightning) or is manufactured (generator), and is expressed in terms of electron movement and interaction. Coal bed methane (CBM) is extensively used as a clean energy source for electricity generation. The rising electricity demand is likely to increase the demand for cleaner energy sources to produce more electricity with fewer carbon emissions. For instance, in January 2022, according to the Electricity Market Report shared by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the global electricity demand grew by 6% from 2020 to 2021. In terms of absolute growth, it was the highest annual gain ever (over 1500 TWh). Therefore, a considerable surge in electricity consumption around the world will drive the coal bed methane (CBM) market.

Government initiatives for clean energy sources of natural gas is expected to drive the coal bed methane (CBM) market going forward. Governments from various countries are putting their efforts into a clean energy source to deliver natural gas worldwide. These initiatives will provide a push towards coal bed methane which is a clean source of natural gas, driving significant demand for it. For instance, in October 2022, The Directorate General of Hydrocarbons (DGH), an India-based upstream regulator, announced the offering of 16 coal bed methane blocks and 26 oil and gas blocks in the ninth and most recent exploration licensing round of the nation. There are 26 oil and gas blocks in total, 15 of which are in ultra-deep water, 8 in shallow water, and 3 on land. They encircle a 223,000-square-kilometer area. Furthermore, in December 2021, the U.S. Department of Energy (DOE), an executive department of the U.S. federal government that oversees U.S. national energy policy, announced the allocation of $35 million for twelve projects aimed at creating technology to lower methane emissions in the oil, gas, and coal sectors. Reducing Emissions of Methane Every Day of the Year (REMEDY) is a program developed by the Advanced Research Projects Agency-Energy (ARPA-E) of the DOE to slash methane emissions in the United States significantly. Thus, the government initiatives for clean energy sources of natural gas will propel the growth of the coal bed methane (CBM) market.

In February 2022, ConocoPhillips, a US-based hydrocarbon exploration and production company acquired the majority stake in Australia Pacific LNG for $1.645 billion. The acquisition will give ConocoPhillips more control over its investments in Australia. Australia Pacific LNG is an Australia-based domestic gas company and a producer of coal bed methane.

The countries covered in the coal bed methane (CBM) market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The coal bed methane (CBM) market research report is one of a series of new reports from The Business Research Company that provides coal bed methane (CBM) market statistics, including coal bed methane (CBM) industry global market size, regional shares, competitors with a coal bed methane (CBM) market share, detailed coal bed methane (CBM) market segments, market trends and opportunities, and any further data you may need to thrive in the coal bed methane (CBM) industry. This coal bed methane (CBM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.