Worldwide "Coal
Bed Methane (CBM) Market" 2020 Industry
research report covers the industry overview with Marketplace Size, Share,
Development, futuristic cost, earnings, demand and distribution data. Its vast
repository offers an analytical summary of the marketplace that can help to the
new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Coal Bed Methane (CBM) so
that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Coal
Bed Methane (CBM) industry. It will show how other players compete in the
global Coal Bed Methane (CBM) Market and explain the strategies you use to
differentiate yourself from other participants.
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Market Insight:
Global Coal Bed Methane
(CBM) Market is estimated to reach USD 17.3 billion by 2020, growing at a CAGR
of 5.9% from 2014 to 2020. Natural gas, the cleanest of all the fossil fuels is
a rapidly growing energy source and is gaining market share significantly.
Owing to its increasing applications for domestic and transportation use, it
has been evolving as one of the primary sources of global fuel.
Coal bed methane (CBM) is
also known as coal bed gas, coal-mine gas, or coal seam gas (CSG). Coal Bed
Methane market is estimated to gain moderate growth owing to its growing application
in manufacturing, residential, automotive sector. Shale gas and CBM are used as
alternatives for depleting oil reserves and increasing energy demand.
It is expected that natural
gas will be the highest demanded energy source in the near future. Depleting
conventional natural gas sources has shifted the market focus towards
unconventional gas sources like CBM, Shale gas and Tight Gas. These factors are
anticipated to boost demand for CBM in the next few years.
Moreover, it is expected
that availability of unconventional sources is much higher than conventional
natural gas sources. CBM production is projected to increase over the forecast
period owing to increased exploration and extraction of conventional natural
gas globally. By application of vertical drilling, the cost of producing one
cubic meter of CBM costs around USD 0.11. Drilling cost is approximately around
75% of total production of one cubic meter of CBM. Maintenance cost for
equipment and machinery costs nearly 6.8% of the total cost, while the
operational expenses goes to 5.4% of the total cost.
Application Insight:
The major application for
this segment includes industrial, power generation, commercial, Residential,
automotive sector and transportation. In 2013, over 64% of total production was
consumed by industries and power generation plants. Currently, power generation
is the most attractive investment sector globally owing to higher return on
investment. CBM can be converted into petrol, ethanol or diesel, can also be
stored in canisters for application of domestic or local fuels. The high
quality of gas recovered is suitable for replacing conventional natural gas in
power stations which include gas turbines and gas engines systems.
Regional Insight:
Globally, Canada and USA
are largest producers accounting for over 70% of total volume in 2013. Demand
for CBM in the region is largely driven by the increasing market for
sustainable fuel in U.S. and to reduce the reliance on conventional sources of
natural gas. The Asia Pacific region, owing to increasing drilling operations
mostly in coal-rich nations such as India, China, Australia, Indonesia is
expected to be the fastest growing CBM market globally.
Globally, CBM is extracted
from North America (US & Canada), Asia-Pacific (India, China, Indonesia,
Australia), Europe (Poland, South Africa, Russia, UK), and ROW (Colombia).
Competitive Insights:
Some of the leading market
players for CBM include Quick Silver Resources Inc., Baker Hughes Incorporated,
Santos, ConocoPhillips, Dart Energy Ltd., Fortune Oil PLC, Arrow Energy, and
Blue Energy Limited. Halliburton Co., Metgasco Ltd., Reliance Power Limited,
and Senex Energy Limited.
The other market players
are AGL Energy Ltd. Great Eastern Energy Corp. Ltd, Black Diamond Energy Inc.,
Metgasco Ltd., Senex Energy Ltd., and Reliance Power ltd.
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