Coal Bed Methane Market by Extraction Technology (Horizontal Drilling, Hydraulic Fracturing, CO2 Sequestration), by Application (Power Generation, Chemical, Fertilizers, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Coal Bed Methane Market size was valued at USD 19.78 USD Billion in 2023 and is projected to reach USD 29.55 USD Billion by 2032, exhibiting a CAGR of 5.9 % during the forecast period. Coal Bed Methane (CBM) is a type of natural gas extracted from coal seams. It exists in two forms: adsorbed onto the surface of the coal and dissolved in groundwater within the coal bed. Key features of CBM include its relatively clean-burning properties compared to other fossil fuels, its occurrence at shallow depths, and its presence in both unmined and mined coal deposits. CBM is used for various applications, such as generating electricity, providing residential and industrial heating, and serving as a feedstock for chemical processes. Additionally, CBM extraction can enhance coal mining safety by reducing the risk of gas explosions.
Extraction Technology:
Application:
This comprehensive market report provides an in-depth analysis of the Coal Bed Methane Market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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