Coal Bed Methane Market .pdf
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Global Coal Bed Methane Market -Analysis, Trends And
Forecasts, 2017 – 2024: Global Market Insights, Inc.
Global Coal Bed Methane Market size is forecast to grow at a high rate owing to the
growing demand of alternate energy sources coupled with rapid industrialization.
Increasing adoption of coal bed methane market as an alternative to electricity will
lower the burden on the national power grids of developing countries. Power outages
along with limited access to clean energy can be overcome by using this technology.
Largest CBM reserves in Africa found in the South African Development Community
(SADC), especially Zimbabwe can positively improve the economies and can reduce
imports thereby augmenting the coal bed methane market size.
CBM can be efficiently used as a fertilizer with methane being a source of ammonia
used in half of the world’s fertilizer market. Coal bed methane market is essential in
assisting food production rate thereby meeting the growing population needs. Essar,
a CBM based company is currently supplying 1 million cubic metre of the requisite
gas to Matix Fertilizers and Chemicals.
CBM can be readily converted into diesel, petrol or ethanol, recoverable CBM has
the ability to be stored in canisters or be used as a domestic fuel. Fischer-Tropsch
synthesis model has proved to be an efficient method to convert a mixture of carbon
monoxide and hydrogen into liquid hydrocarbons and numerous CBM by-products.
Having the potential to hold the demand of fossil fuels, coal bed methane market is
anticipated to show robust growth during the forecast timeframe. Increasing adoption
of unconventional energy sources owing to the need of clean energy will prove to be
a boon for CBM. Coal bed methane market has the potential to offer an alternative to
the conventional energy sources and can assist in reducing the greenhouse
emissions which can in-turn open new avenues for its business growth. For instance,
coal bed methane market has the potential to revolutionize Zimbabwe’s balance of
payment by reducing the import of petroleum products and fertilizers which accounts
for 32% of the country’s imports.
Coal bed methane market can be segmented by region, into North America, Europe
and Asia-Pacific, MEA and Latin America. North America led by the U.S. is currently
holding the largest share. The country has 10 major basins along with 48 producing
states, moreover unexplored reserves of Alaska will maintain the position of North
American industry during the forecast timeframe. Asia-Pacific and Europe will
witness a high growth rates owing to the large unexplored reserves in Russia,
Australia, China and India. MEA and Latin America is forecast to witness a moderate
growth. Lack of proper infrastructure could prove to be a hindrance in the
exponential growth of coal bed methane market by 2024.
Notable participants in coal bed methane market are Essar Oil, Reliance Power,
Halliburton, Chevron, Royal Dutch Shell, BP, Weatherford, Arrow Energy, Dart
Energy, Santos, PetroChina, ConocoPhillips, Fortune Oil, Encana Group, Sydney
Gas, Green Dragon Gas, Great Eastern Energy Petronas and Pioneer Natural
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