SAN FRANCISCO, July 2, 2015 /PRNewswire/ --
Global CBM (Coal Bed Methane) market is expected to reach
USD 17.31 billion by 2020, growing at
a CAGR of 5.9% from 2014 to 2020. Unconventional CBM reserves,
especially in coal-rich regions are increasingly gaining the
spotlight as the industry strives for energy independence.
Exploration and commercialization of unconventional hydrocarbon
energy sources is seen as a critical step by energy agencies, to
stabilize the energy supply-demand gap in the coming years. With
CBM being a pure natural gas form, producers and consumers also
have the opportunity to obtain much needed carbon credits and tax
incentives.
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Browse full research report with TOC on
"Coal Bed Methane (CBM) Market Analysis By Application
(Industrial, Power Generation, Residential, Commercial and
Transportation) And Segment Forecasts To 2020"
at:
http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry
The strict framework designed for extraction by various
environmental agencies coupled with the highly capital intensive
process is expected to be a key challenge for industry participants
over the next six years.
Further key findings from the study suggest:
- Global CBM production was 2,920.3 Bcf in 2013 and is expected
to reach 4,667.4 Bcf by 2020, growing at a CAGR of 7% from 2014 to
2020.
- Power generation and industrial applications dominated CBM
usage, accounting for over 64% of global volumes in 2013, with the
former expected to be the fastest growing CBM market, at an
estimated CAGR of 8.5% from 2014 to 2020.
- U.S. and Canada are the
largest CBM producers, accounting for over 70% of global volume in
2013. U.S. CBM market revenues were estimated at USD 7.22 billion in 2013 and are expected to grow
at a CAGR of 5.4% from 2014 to 2020.
- Asia Pacific is expected to be
the most dynamic regional market, with significant unexplored
reserves. China, India and Indonesia are expected to lead the Asian CBM
industry. The Chinese Ministry of Land and Resources has already
announced plans to produce 16 billion cubic meters of coal bed
methane by 2015, while Indonesia
has already audited 1,000 bcf net resources and has production
target of over 15,000 bcf by 2020.
- Key companies involved in CBM extraction include Arrow Energy,
Dart Energy, Santos, PetroCHina and petronas.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/conventional-energy
For the purpose of this study, Grand View Research has
segmented the Coal Bed Methane (CBM) Market on
the basis of application and region:
- CBM Application Outlook (Volume, Bcf; Revenue, USD Billion;
2012-2020)
- Power Generation
- Industrial
- Residential
- Commercial
- Transportation
- Regional coverage of the database includes:
- North America
- Europe
- Asia-Pacific
- China
- India
- Australia
- Indonesia
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http://www.grandviewresearch.com/industry-analysis/oil-and-gas-separation-market
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http://www.grandviewresearch.com/industry-analysis/enhanced-oil-recovery-eor-market
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