The global coal bed methane market size was valued at USD 16 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5% from 2021 to 2027. The changing preference to use coal bed methane as a power source to meet the growing demand for electricity across residential, industrial and commercial and regions is a key factor expected to drive the overall coal bed methane market over the forecast period. Coal bed methane (CBM) is an unconventional form of natural gas (NG) obtained from coal beds and sediments. It is formed during coalification and is usually extracted underground after the coal mining process.
A full report of Coal Bed Methane Market available at https://www.orionmarketreports.com/coal-bed-methane-market/20549/
The key players profiled in the report include, Arrow Energy Holdings Pty Ltd., Baker Hughes, Inc., BG Group PLC., Blue Energy Ltd., BP PLC., China United CoalBed Methane Corporation, Concophillips, Encana Corporation, Origin Energy Ltd., and Santos Ltd.
Coal Bed Methane Market Segmentations
By Application
• Industrial
• Power Generation
• Transportation
• Commercial
• Residential
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
