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What are the latest figures on the coal bed methane (cbm) market’s size and projected CAGR?
The coal bed methane (CBM) market size has grown strongly in recent years. It will grow from $19.86 billion in 2024 to $21.11 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to energy security concerns, increasing natural gas demand, coal mining operations, government policies and incentives, environmental benefits.
The coal bed methane (CBM) market size is expected to see strong growth in the next few years. It will grow to $26.13 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to global transition to cleaner energy, technological advancements in extraction, growing focus on unconventional gas resources, energy independence initiatives, expansion of CBM infrastructure. Major trends in the forecast period include government initiatives and regulatory support, innovations in exploration and reservoir management, emergence of CBMs, investments in infrastructure for CBM distribution.
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How have varous drivers impacted the growth of the coal bed methane (cbm) market?
A considerable surge in electricity consumption around the world is significantly contributing to the coal bed methane (CBM) market. Electricity refers to a fundamental form of energy that may be observed in both positive and negative forms, that occurs naturally (lightning) or is manufactured (generator), and is expressed in terms of electron movement and interaction. Coal bed methane (CBM) is extensively used as a clean energy source for electricity generation. The rising electricity demand is likely to increase the demand for cleaner energy sources to produce more electricity with fewer carbon emissions. For instance, according to the U.S. Energy Information Administration, a US-based government administration, in 2022, total electricity end-use consumption in the U.S. increased by approximately 3.2% compared to 2021. Therefore, a considerable surge in electricity consumption around the world will drive the coal bed methane (CBM) market.
What are the primary segments of the coal bed methane (cbm) market?
The coal bed methane (CBM) market covered in this report is segmented –
1) By Type: CBM Wells, Coal Mines
2) By Raw Materials: Natural gas, Coal
3) By Technology: Horizontal Drilling, Hydraulic Fracturing, CO2 Sequestration
4) By Application: Industrial, Power Generation, Transportation, Commercial, Residential
Subsegments:
1) By CBM Wells: Vertical CBM Wells, Horizontal CBM Wells
2) By Coal Mines: Surface Coal Mines, Underground Coal Mines
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Which firms are leading the coal bed methane (cbm) market?
Major companies operating in the coal bed methane (CBM) market include PetroChina Company Limited, Royal Dutch Shell plc, British Petroleum Plc, Chevron Corporation, Tamboran Resources Limited, Reliance Industries Limited, Petroliam Nasional Berhad, ConocoPhillips Company, Comet Ridge Limited, Baker Hughes Company, Halliburton Company, Origin Energy Limited, AGL Energy Limited, Great Plains Energy Inc, Santos Limited, Western Gas Corporation, Far East Energy Corporation, Queensland Gas Company Ltd., Arrow Energy Holdings Pty Ltd., Great Eastern Energy Corporation Ltd., Central Petroleum Limited, Metgasco Ltd., G3 Exploration Limited (G3E), China United Coalbed Methane Corporation Ltd.
How will industry trends affect the trajectory of the coal bed methane (cbm) market?
Major companies in the coal bed methane (CBM) market are focusing on product launches, such as a trial for the continuous injection of Coal Bed Methane (CBM) into a Blast Furnace. Continuous injection of Coal Bed Methane (CBM) refers to the uninterrupted introduction of CBM gas into a system or process, such as blast furnaces in steel production, aiming to enhance efficiency and reduce environmental impact. For instance, in January 2022, Tata Steel Limited, an India-based multinational steel-making company, initiated a ‘first-of-its-kind in the world’ trial for continuous injection of Coal Bed Methane (CBM) in Blast Furnace to reduce emissions. This trial aims to reduce the coke rate by 10 kg/them and consequently cut 33 kg of CO2 per ton of crude steel. This pioneering initiative not only provides valuable insights into coke rate reduction but also demonstrates the potential of CBM as an injectant in the steel industry, marking a significant advancement in the CBM market and contributing to more sustainable steel production.
Which geographic trends are shaping the coal bed methane (cbm) market, and which region has the highest market share?
The countries covered in the coal bed methane (cbm) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Coal Bed Methane (CBM) Market Report 2025 Offer?
The coal bed methane (cbm) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Coal bed methane (CBM) refers to an uncommon variety of natural gas that is discovered in coal seams or deposits. It is a primary clean energy source of natural gas. CBM is created during the coalification process, which converts plant matter into coal.
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