Lewes, DE -- (SBWIRE) -- 01/08/2019 -- Global Coal Bed Methane (CBM) market will register a 6.2% CAGR in terms of revenue, reach US$ 20400 million by 2023, from US$ 14300 million in 2017.

CBM refers to methane that is found in coal seams. It is formed during the process of coalification, the transformation of plant material into coal. CBM is also known as virgin coal seam methane or coal seam gas. It is widely considered an "unconventional" source of natural gas. In the United States, CBM is a valuable resource that accounts for about 5 percent of total U.S. natural gas production annually.

CBM is natural gas. CBM is primarily methane – a colourless and odourless gas, found in coal deposits formed over millions of years from fallen trees and other plant matter. CBM also known as onshore 'unconventional' gas has developed into a key fuel source, helping to lower the global carbon emissions.

CBM has various advantages, such as new and less pollution energy with high calorific value, substantially reduce greenhouse gas emissions and so on. Many governments encouraged enterprises to produce the product. For example, in China, "Notice re Period of '13th Five-Year-Plan': Subsidies Granted to Development of Coalbed Methane"#),issued by the Chinese Ministry of Finance on 14 February 2016, the subsidy from central government for coalbed methane ("CBM") production under the "13th Five-Year Plan" will be increased 50% from RMB0.2 per cubic meter to RMB0.3 per cubic meter so as to boost the development of CBM industry.

Over the next five years, study projects that Coal Bed Methane (CBM) will register a 6.2% CAGR in terms of revenue, reach US$ 20400 million by 2023, from US$ 14300 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Coal Bed Methane (CBM) market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
CBM Wells
Coal Mines

Segmentation by application:
Power Generation
Industrial Fuel
Cooking Fuel
Vehicle Fuel
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Exxon Mobil(XTO Energy)
BP
ConocoPhillips
Australia Pacific LNG
Santos
Anglo Coal
Arrow Energy
Ember Resources
Encana
AAG Energy
G3 Exploration
Carbon Creek Energy
CONSOL Energy
Pioneer Natural Resources
GEECL
Gazprom
Shell (QGC)
Constellation Energy Partners

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Coal Bed Methane (CBM) consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Coal Bed Methane (CBM) market by identifying its various subsegments.
Focuses on the key global Coal Bed Methane (CBM) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Coal Bed Methane (CBM) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Coal Bed Methane (CBM) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 165 pages "Forecast of Global Coal Bed Methane (CBM) Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Coal Bed Methane (CBM) by Players, Coal Bed Methane (CBM) by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Coal Bed Methane (CBM) Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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