Global Coal Bed Methane (CBM) Market Growth 2023-2029
CBM refers to methane that is found in coal seams. It is formed during the process of coalification, the transformation of plant material into coal. CBM is also known as virgin coal seam methane or coal seam gas. It is widely considered an "unconventional" source of natural gas. In the United States, CBM is a valuable resource that accounts for about 5 percent of total U.S. natural gas production annually.
LPI (LP Information)' newest research report, the “Coal Bed Methane (CBM) Industry Forecast” looks at past sales and reviews total world Coal Bed Methane (CBM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Coal Bed Methane (CBM) sales for 2023 through 2029. With Coal Bed Methane (CBM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Coal Bed Methane (CBM) industry.
This Insight Report provides a comprehensive analysis of the global Coal Bed Methane (CBM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Coal Bed Methane (CBM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Coal Bed Methane (CBM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Coal Bed Methane (CBM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Coal Bed Methane (CBM).
The global Coal Bed Methane (CBM) market size is projected to grow from US$ 17340 million in 2022 to US$ 25230 million in 2029; it is expected to grow at a CAGR of 25230 from 2023 to 2029.
Global Coal Bed Methane (CBM) key players include Exxon Mobil(XTO Energy), ConocoPhillips, Australia Pacific LNG, Shell (QGC), etc. Global top four manufacturers hold a share about 40%.
USA is the largest market, with a share about 33%, followed by China and Canada, both have a share about 30 percent.
In terms of product, CBM Wells is the largest segment, with a share about 80%. And in terms of application, the largest application is Power Generation, followed by Industrial Fuel, Cooking Fuel, Vehicle Fuel.
This report presents a comprehensive overview, market shares, and growth opportunities of Coal Bed Methane (CBM) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CBM Wells
Coal Mines
Segmentation by application
Power Generation
Industrial Fuel
Cooking Fuel
Vehicle Fuel
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Exxon Mobil(XTO Energy)
BP
ConocoPhillips
Australia Pacific LNG
Santos
Anglo Coal
Arrow Energy
Ember Resources
Encana
AAG Energy
G3 Exploration
Carbon Creek Energy
CONSOL Energy
Pioneer Natural Resources
GEECL
Gazprom
Shell (QGC)
Constellation Energy Partners
Key Questions Addressed in this Report
What is the 10-year outlook for the global Coal Bed Methane (CBM) market?
What factors are driving Coal Bed Methane (CBM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Coal Bed Methane (CBM) market opportunities vary by end market size?
How does Coal Bed Methane (CBM) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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