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Study: Coal Bed Methane Market Set to See Strong Growth

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Coal bed methane market can be segmented based on application comprising of industrial, commercial, transportation, power generation and residential. – PowerPoint PPT presentation

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Title: Study: Coal Bed Methane Market Set to See Strong Growth


1
Coal Bed Methane Market Growth, Trends Forecast
2017 2024
2
Global Market Scenario of Coal Bed Methane
industry
  • 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.

3
Continue.....
  • CBM can be efficiently used as a fertilizer with
    methane being a source of ammonia used in half of
    the worlds 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.

4
  • 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
    Zimbabwes balance of payment by reducing the
    import of petroleum products and fertilizers
    which accounts for 32 of the countrys imports.
  • Favorable government initiatives towards use of
    unconventional resources will propel the coal bed
    methane market during the forecast timeline.
    Government of China, on recognizing the value of
    CBM, inducted the development in the Five-Year
    Plan which requires the country to produce 50
    billion m3 of CBM by 2020. Similarly, Government
    of India allotted 31 development blocks for the
    exploration and production of CBM thereby
    propelling the industry.


5

Latest Research Report On Coal Bed Methane (CBM)
Market Report _at_ http//bit.ly/2nysrFa
Request Table Of Contents of this report_at_
http//bit.ly/2nRKvf8
6
Regional Analysis

  • 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.

7
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