Albany, New York (PRWEB) September 20, 2013
According to Transparency Market Research “Coal Bed Methane Market – Global Industry Size, Market Share, Trends, Analysis, and Forecast, 2010 – 2018″, the global market for coal bed methane was estimated to be 2,932 bcf in 2010 which is expected to reach market volumes of 4,074.2 bcf by 2018, growing at a CAGR of 4.3% from 2013 to 2018. In terms of revenues, the market was estimated to be worth USD 12,607.4 million in 2010 which is expected to reach USD 15,318.9 million by 2018, growing at a CAGR of 3.2% from 2013 to 2018.
Browse the full report with TOC at http://www.transparencymarketresearch.com/coal-bed-methane-market.html.
Major factors driving the CBM market include focus towards decreasing the reliance on conventional gas sources and potential for green house gases mitigation. CBM is a pure form of natural gas and provides opportunities for producers to earn carbon credits. However, it is a long and capital intensive process and the long durations taken for dewatering are the major factors which are acting as the major barrier to the global market.
The global market for CBM was led by North America sharing 78.9% of the market in 2011 followed by Asia Pacific and Europe. Asia Pacific is the fastest growing market for CBM growing at a CAGR of 7.3% from 2013 to 2018. The large amount of proven and unproven reserves in countries like China, India and Indonesia are propelling the growth of CBM market in the region. Also, the growing market for LNG (liquefied natural gas) is providing immense opportunities for the players in the global market.
The global CBM market by application was led by the industrial usage segment sharing 37.8% of the market in 2011, followed by power generation with 31% in the same year. Other applications of CBM include residential, commercial and transportation segments. Power generation was the fastest growing application segment growing at a CAGR of 4.5% from 2013 to 2018.
Some of the major players in the market include Dart Energy, Arrow Energy, Baker Hughes, BG Group, Far East Energy Corp, Queensland Gas, Sydney Gas, Sinopec, PetroChina and so on.
This report is designed for measuring the performance of global coal bed methane market. The report provides an in depth analysis of coal bed methane market in geographies like North America, Europe, Asia Pacific and Rest of the World with market volumes and revenues for each geography which are estimated from 2010 and forecasted till 2018.
As the U.S is the biggest market for coal bed methane, we have analyzed U.S. market for CBM separately. Along with it, the report also covers analysis of CBM market in China, Russia, India, Australia and Indonesia along with market volumes and revenues for each country from 2010 to 2018. Additionally, the report also covers in depth value chain analysis for coal bed methane market.
HydroPower Market : http://www.transparencymarketresearch.com/hydro-power-market.html
This research report also covers the applications for which CBM is currently being used. The report segments the application market for CBM as industrial, power generation, residential, commercial and transportation. The report includes in depth analysis for each of the application segment mentioned above with their revenues and volumes analyzed from 2010 and forecasted till 2018.
This report also provides company profiles of the major players in the coal bed methane market. Our company profile includes company and financial overview, strategies adopted by the companies and their recent developments which can help in assessing the competition in the market. Some of the major companies included in this report include Queensland Gas, Arrow Energy, Sydney Gas, BPI Industries, Dart Energy, Great Eastern Energy, Green Dragon Gas, PetroChina among some other companies. In order to provide our clients with best competition assessment we have included the company market share of major players operating in the global CBM market. In addition, this report also covers Porter’s five forces analysis for global CBM market.