Global Coal Bed Methane (Cbm) Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Global Coal bed Methane (CBM) Market Size, Market

Share, Application Analysis, Regional Outlook, Growth,

Trends, Competitive Scenario And Forecasts, 2012 To 2020

Industry Insights

Increasing natural gas demand owing to its ecofriendly existence has led to the development of

unconventional reserves such as coalbed methane (CBM). Shift in trend towards adoption of cleaner

fuels in power generation and in transportation industry as an alternative to coal and petroleum

products has been the major factor for the growth of natural gas demand.

Depleting conventional oil & gas reserves has led to the shift in exploration of unconventional reserves

such as shale, CBM and tight gas. According to BP Energy Outlook 2030, natural gas is anticipated to

have demand at par with crude oil in the global energy basket. This increase in demand for natural gas

coupled with developing unconventional gas reserves is expected to be a major driving factor for CBM

market over the next six years.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Growing E&P activities globally is also expected to have a positive impact on the market growth.

Increasing environmental hazards related to petroleum crude and coal along with favourable regulatory

scenario for unconventional reserves is anticipated to augment market growth. Increasing global natural

gas trading and rising gas prices has further led to feasible extraction of CBM in Australia and China. This

is further supported by the development of horizontal drilling and fracturing technologies.

Increasing groundwater contamination in coal basins due to CBM extraction has put the market under

several environmental regulations. This is expected to have a negative impact on the market growth.

The CBM market growth is also restrained by its high cost of...