PUBLISHER: The Business Research Company | PRODUCT CODE: 1929023
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929023
Coal bed methane (CBM) is a unique type of natural gas found within coal seams or deposits. It serves as a key clean energy source of natural gas. CBM forms during the coalification process, in which plant material is transformed into coal.
Coal bed methane (CBM) primarily exists in two forms such as CBM wells and within coal mines. CBM wells encompass any excavated openings in the ground aimed at locating or extracting coal bed methane. The extraction process involves utilizing natural gas derived from coal through methods such as horizontal drilling, hydraulic fracturing, and CO2 sequestration technology. This resource finds application across industrial, power generation, transportation, commercial, and residential sectors.
Tariffs have impacted the coal bed methane market by increasing costs for imported drilling equipment, compressors, and gas processing units used in CBM development. These impacts have been more pronounced in emerging markets across Asia Pacific where equipment imports are common. Higher tariffs have raised project development costs and influenced investment timelines. However, tariffs have also encouraged local manufacturing of drilling equipment and service localization, strengthening domestic CBM development capabilities.
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.
The coal bed methane (cbm) market size has grown strongly in recent years. It will grow from $21.01 billion in 2025 to $22.13 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to demand for cleaner energy sources, early coal seam gas discoveries, development of drilling technologies, utilization of coal mine methane, government support for gas production.
The coal bed methane (cbm) market size is expected to see strong growth in the next few years. It will grow to $27.35 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising natural gas demand, focus on reducing coal mine emissions, advancements in extraction technologies, expansion of gas based power generation, integration with national gas infrastructure. Major trends in the forecast period include increasing development of cbm wells, rising adoption of horizontal drilling techniques, growing integration of cbm with gas grids, expansion of cbm power generation projects, increasing use of CO2 sequestration in cbm.
A significant increase in electricity consumption worldwide is driving growth in the coal bed methane (CBM) market. Electricity is a fundamental form of energy, naturally occurring (e.g., lightning) or generated (e.g., via generators), and is expressed through the movement and interaction of electrons. CBM is widely used as a cleaner energy source for electricity generation. As electricity demand rises, the need for low-carbon energy sources to produce power with reduced emissions also grows. For example, in July 2025, GOV.UK, a UK-based government organization, reported that electricity demand in 2024 remained broadly stable at 319.0 TWh, representing a 0.5% increase compared to 2023. Therefore, the global surge in electricity consumption is expected to propel the coal bed methane (CBM) market.
Leading companies in the coalbed methane (CBM) market are focusing on innovative solutions such as microbially enhanced coalbed methane (MECBM) technology to boost gas production, increase efficiency, and provide cleaner energy from coal seams. MECBM employs specialized microbes to break down coal's organic matter, producing more methane than conventional extraction methods while minimizing environmental impact and offering a near-renewable gas source. For example, in April 2025, Oil and Natural Gas Corporation (ONGC), an India-based integrated oil and gas company, along with partners including Oil India and TERI, introduced MECBM technology, which injects nutrient-rich solutions to activate microbial communities within coal seams. The technology has been successfully tested across more than a dozen wells compared with traditional CBM methods, enhancing methane recovery, improving production efficiency, and supporting sustainability goals in otherwise difficult-to-extract reservoirs.
In February 2025, Diversified Energy Company PLC, a U.S.-based energy firm, acquired Summit Natural Resources LLC for around $42 million. Through this acquisition, Diversified Energy aimed to expand its midstream infrastructure, boost cash flows from coal mine methane environmental credits, and strengthen its asset portfolio in the Southern Appalachia region. Summit Natural Resources LLC, also U.S.-based, specializes in operated natural gas properties and related pipeline infrastructure, including production assets that generate coal mine methane and associated environmental credit opportunities.
Major companies operating in the coal bed methane (cbm) market are PetroChina Company Limited, Tamboran Resources Limited, Comet Ridge Limited, Baker Hughes Company, Halliburton Company, Origin Energy Limited, Santos Limited, Western Gas Corporation, Far East Energy Corporation, Queensland Gas Company Ltd., Arrow Energy Holdings Pty Ltd., Great Eastern Energy Corporation Ltd., Metgasco Ltd., G3 Exploration Limited (G3E), China United Coalbed Methane Corporation Ltd., Essar Oil and Gas Exploration & Production Limited, Gazprom, Pioneer Natural Resources Company, ExxonMobil Corporation (via XTO Energy), Australia Pacific LNG, Ember Resources, Senex Energy Limited.
Asia-Pacific was the largest region in the coal bed methane (CBM) market share in 2025. The regions covered in the coal bed methane (cbm) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the coal bed methane (cbm) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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.
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.
Coal Bed Methane (CBM) Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses 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.
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, including technological disruption, regulatory shifts, and changing consumer preferences? 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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