Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Coal Bed Methane Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Coal Bed Methane Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Coal
Bed Methane Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Coal Bed Methane Market is offered. In accordance with the report, the global
Coal Bed Methane Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Coal-Bed
Methane (CBM) is popularly known as Coal-Mine Methane (CMM), and Coal Seam Gas
(CGS). It is a kind of Natural gas derived from the coal beds. Now-a-days, it
is gaining momentum as a significant source of energy. Owing to the dearth of
hydrogen sulfide, CBM is identified as a sweet gas. CBM is found in a state
close to liquid, lining the matrix of the coal. The cleats of the coal also
comprise of free gas that can be saturated in association of water. CBM is not
a natural-gas condensate with a very little content of propane or butane and
some percentage of carbon dioxide.
Market Drivers
The
transition of the preference pattern of the consumers and the adoption of
non-traditional forms of power sources is fueling the growth of this market.
The surging dependence on CBM reduces the pressure on national power grids in
many developing countries.
Favorable
norms introduced by the government of different developed and developing
nations for the use of CBM as an alternative of the conventionally used power
sources is propelling the growth of this market. The governments of different
nations are also providing incentives for the use of methane gas.
The
rising environmental concern among the people coupled with the eco-friendly
nature of the CBM is providing an impetus to the further use of CBM as a source
of energy.
The
volatile prices of natural gases, oils and various other sources of power and
energy is indulging people to look out for cheap alternative sources of power
and energy. The price of CBM is moderate comparatively to the other
conventional forms of natural gases and energy sources which is thrusting the
growth of the coal-bed methane market.
Rapid
industrialization across developed and developing nations especially in the
Asia-Pacific region like India and China is charging the demand for power which
in turn is driving the demand for CBM and its market.
The
application of CBM is not only limited to power generation but also extended
towards the production of food and has acquired popularity as a fertilizer in
the world’s fertilizer market. Being used as a fertilizer because of its
ammonia content, it aids food production for the constantly soaring world
population. This factor is empowering the growth of the CBM market.
Market Restraints
The
initial capital investment required for exploration of the availability of CBM,
stimulation, water handling and drilling activities are exceptionally high and
hampering this market structure.
The
various other properties of CBM certifies it as a greenhouse gas and impedes
the growth of this market.
Upsetting
Groundwater level and the constantly reduction in the level of groundwater as a
result of siphoning out coalbed waters and the introduction of additives in
water is severely threatening the growth prospects in this market.
Opportunities
The
rising demand for power for industrialization and the skyrocketing number of
structuring industries coupled with the electrification of numerous rural
regions of the developing economies will generate power demand and provide
lucrative opportunities to this market.
The
broadening of the base of exploring and drilling activities coupled with the
employment in exploring and mining activities both directly and indirectly is
likely to set up a good set of circumstances for this market.
The
huge reserve of coal-bed methane comparatively to other power generating fossil
fuels the totality of which is not yet explored will increase the supply of CBM
and provide bankable opportunities to the coal-bed methane market.
Trends
The
Asia-Pacific region is expected to showcase significant growth in the coal-bed
methane market around an expected CAGR of 7.4% in the forecast period. This
growth can be attributed to the presence of large chunks and deposits od CBM
that had not yet been explored and the flourishing industrialization. The
constant economic development and GDP growth is assumed to fuel the
Asia-Pacific Region. The growth of the Asia-Pacific region is primarily
influenced by India, China, Indonesia and Australia. This region has a broad
base of demand and the popping up of new companies to meet this demand is
likely to raise the supply side. The North America market is also projected to
show coal-bed methane market development because the innovative ideas and the
expertise can not only benefit the itself but also provide global benefit.
Segment Covered:
This market
intelligence report on the global Coal Bed Methane Market encompasses market segments based on application,
technology, and country.
By Application
the global Coal Bed Methane Market has been divided into:
q Transportation
q Commercial
q Industrial
q Residential
By Technology the global Coal Bed
Methane Market has been divided into:
q CO2
Sequestration
q Horizontal
Drilling
q Hydraulic
Fracturing
By country/region,
the global Coal Bed Methane Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Reliance
Power
q Chevron
q China
United Coalbed Methane Co
q Arrow
Energy
q Blue
Energy
q Santos
q Nexan
Inc
q BP
q WeatherFord
q Far
Fast Energy Corporation
q Conocophilips
q Great
Eastern Energy Corporation
q Oil and
Natural Gas Corp
q Coal
India Ltd
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Coal Bed Methane Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Great Eastern Energy Corporation
By November
2018, GEECL CBM block held 6.63 Tcf shale resources. Only 1.7 Tcf of it could
be extracted. The company started the initial exploration work by the first
half of 2019.
Oil and Natural Gas Corp
By 2020, the
Coal-bed Methane blocks located at Jharkhand held by the Oil and Natural Gas
Corp of India is likely to initiate production.
Coal India Ltd
By May 2020,
Coal India Ltd invited bidders including Adani, Essar, Reliance to take part in
the Pre-bid meeting of the CBM project of Rs. 3750 Crore. The project is
supposed to be held in Revenue Sharing basis. The projects are at Jharia in
Jharkhand and Raniganj in West Bengal.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Coal Bed
Methane Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Coal Bed Methane Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Coal Bed Methane caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Coal
Bed Methane Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Coal Bed Methane Market
v
Identification
of key factors driving investment opportunities in the Coal Bed
Methane Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants