Coal Bed Methane is an unconventional form of natural gas that is found in coal seams. It is primarily extracted from bituminous and sub-bituminous coals. Coal bed methane can be efficiently used as a fertilizer with methane being a source of ammonia used in half of the world’s fertilizer market. Moreover, coal bed methane consists of over 90% methane and can be harvested independently of coal mining in some locations. The factors leading to growing demand of coal bed methane market includes greenhouse gas mitigation, increased safety and productivity in coal mining operations, and the possibility of greenhouse gas capture and storage.

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The global coal bed methane market is set to witness significant growth due to increasing focus on natural gas usage for energy consumption. Production of natural gas is witnessing significant growth, on account of the increasing focus on clean energy consumption. Clean bed methane has considerable potential as an abundant clean energy supply, to help replace other diminishing hydrocarbon reserves. Thus, coal bed methane is expected to supplement conventional natural gas supply, adding another environment-friendly component to the total energy mix. On the other hand, high initial capital commitment for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in evaluation of coal bed methane proposals hamper the coal bed methane market.

Key Players:

The key players of global coal bed methane market are Essar Oil (India), Reliance Power (India), Halliburton (US), Chevron (US), BP (UK), Weatherford (US), Arrow Energy (Australia), Blue Energy (Australia), Conocophillips (US), China United Coalbed Methane Co (China), Encana Corporation (Canada), Far East Energy Corporation (US), Santos (Australia), and Nexen Inc. (Canada), among others. (Germany), among others.

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Segmental Analysis:

The coal bed methane market has been segmented based on technology hydraulic fracturing, horizontal drilling, and CO2 sequestration. Hydraulic fracturing segment is leading the market owing to the technological advancements achieved in this technique coupled with its ease of use and will further complement the coal bed methane market during the forecast period especially in developed countries especially in Europe and North America, and government initiatives to mitigate greenhouse gas emission.

Regional Outlook:

Region wise, North America held the largest market share of the global coal bed methane market in 2017. North America region has some major players from the oil & gas industry and growing demand for sustainable fuel in US and Canada. The coal bed methane market would be mainly driven by creased focus on reducing the reliance on conventional sources of natural gas. In addition, significant natural gas production in countries such as India, China, Saudi Arabia, and others would also have a positive impact on the growth of coal bed methane market during the forecast period.

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