Study: Coal Bed Methane Market Set to See Strong Growth

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Coal Bed Methane Market Growth, Trends Forecast
2017 2024
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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.

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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.

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• 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.

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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
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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.

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