Global Global Coal Bed Methane (CBM) Market Growing at CAGR of 5.9%, Will Reach $17.31 Billion By 2020 : Grand View Research, Inc - FOX Carolina 21

Global Global Coal Bed Methane (CBM) Market Growing at CAGR of 5.9%, Will Reach $17.31 Billion By 2020 : Grand View Research, Inc

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GrandViewResearch.com has announced the addition of "Global Coal Bed Methane (CBM) Market Analysis And Segment Forecasts To 2020" Market Research report to their Database. View Full Report with TOC - http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry.

San Francisco, California (PRWEB) August 26, 2014

Global CBM (Coal Bed Methane) market is expected to reach USD 17.31 billion by 2020, growing at a CAGR of 5.9% from 2014 to 2020. Unconventional CBM reserves, especially in coal-rich regions are increasingly gaining the spotlight as the industry strives for energy independence. Exploration and commercialization of unconventional hydrocarbon energy sources are seen as a critical step by energy agencies, to stabilize the energy supply-demand gap in the coming years. With CBM being a pure natural gas form, producers and consumers also have the opportunity to obtain much needed carbon credits and tax incentives.

The strict framework designed for extraction by various environmental agencies coupled with the highly capital intensive process is expected to be a key challenge for industry participants over the next six years.

The report CBM (Coal Bed Methane) Market Analysis and Segment Forecasts to 2020, is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry

Request Free Sample of This Report at http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry/request

Further Key findings from the study suggest:

  • Global CBM production was 2,920.3 Bcf in 2013 and is expected to reach 4,667.4 Bcf by 2020, growing at a CAGR of 7% from 2014 to 2020.
  • Power generation and industrial applications dominated CBM usage, accounting for over 64% of global volumes in 2013, with the former expected to be the fastest growing CBM market, at an estimated CAGR of 8.5% from 2014 to 2020.
  • U.S. and Canada are the largest CBM producers, accounting for over 70% of global volume in 2013. U.S. CBM market revenues were estimated at USD 7.22 billion in 2013 and are exoected to grow at a CAGR of 5.4% from 2014 to 2020.
  • Asia Pacific is expected to be the most dynamic regional market, with significant unexplored reserves. China, India and Indonesia are expected to lead the Asian CBM industry. The Chinese Ministry of Land and Resources has already announced plans to produce 16 billion cubic meters of coal bed methane by 2015, while Indonesia has already audited 1,000 bcf net resources and has production target of over 15,000 bcf by 2020.
  • Key companies involved in CBM extraction include Arrow Energy, Dart Energy, Santos, PetroCHina and petronas.

Browse All Reports of This Category by Grand View Research at http://www.grandviewresearch.com/industry/conventional-energy

For the purpose of this study, Grand View Research has segmented the global CBM market on the basis of application and region:

  • CBM Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)
         Power Generation
         Industrial
         Residential
         Commercial
         Transportation

Regional coverage of the database includes:

  • North America
         U.S.
         Canada
  • Europe
         Russia
  • Asia-Pacific
         China
         India
         Australia
         Indonesia

Browse All Ongoing Reports by Grand View Research at http://www.grandviewresearch.com/ongoing-reports

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales(at)grandviewresearch(dot)com

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