Albany, NY -- (SBWIRE) -- 11/12/2014 -- In its market research report published recently, Transparency Market Research, a U.S. - based market intelligence firm states that the global coal bed methane market is expected to report an approximate value of US$ 18 billion by 2018. The report, titled ‘Coal Bed Methane Market - Global Industry Size, Market Share, Trends, Analysis, And Forecast 2010 - 2018,’ is now available for sale on the company’s website.

This market research report provides a comprehensive analysis of the global coal bed methane market which is witnessing high growth rate in the overall energy market. Coal bed methane is a type of natural gas which is found in the coal beds that are located deep within the earth’s surface. Coal bed methane is a renewable source of energy. In fact, coal bed methane is a by-product of the process of coalification and it mostly consists of pure methane in most of the fields.

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Thermogenic and Biogenic are the two main types of coal bed methane gases. Thermogenic coal bed methane gas is formed by the pressure and heat that is applied on coal. Whereas, biogenic coal bed methane gas is the result of the action of bacteria on coal. Coal bed methane generally undergoes minimal processing in most cases. Coal bed methane gas is mostly a pipeline quality gas, especially the biogenic form. Coal bed methane is extensively found in bituminous and sub-bituminous coal. These forms of coal exhibit superior permeability and less gas levels when compared to lignite coal which are inferior to bituminous and sub-bituminous coal. High quality coal has higher gas content and lower permeability.

The TMR report has segmented the global coal bed methane market on the basis of application and geography. The global coal bed methane market derives much of its demand from the commercial, industrial, transportation, residential, and power generation sectors. The global coal bed methane market is primarily driven by rising demand for unconventional sources of energy. These days, coal bed methane gas is being used extensively in place of crude oil since the latter is not a good source of clean energy. Natural gas or coal bed methane gas is emerging as the primary fuel in domestic application markets and transportation.

According to this report, in the next twenty five years, the coal bed methane gas market will almost be at par with the market for crude oil in the global energy platform. Geographically speaking, the largest share in the global coal bed methane market is held by North America. The coal bed methane market in North America is driven by factors like rising demand for sustainable sources of fuel. Rising rates of GDP in the Asia Pacific economies is driving the demand for energy in this area. It is thus expected, that in the near future coal rich countries like Indonesia, India, and China will drive the coal bed methane market in the Asia Pacific.

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This market research report has discussed the company profiles of some of the key players operating in the global coal bed methane market. The companies discussed in this report are Green Dragon Gas, Baker Hughes, Arrow Energy, Bg Group Plc, Great Eastern Energy, Conocophillips, Dart Energy Ltd, Petrochina, Encana Corp, Sydney Gas, Fortune Oil Plc, Queensland Gas, And Petroliam Nasional Berhad (Petronas).

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