Global Coal Bed Methane Market is expected to grow at a robust CAGR
Global Coal Bed Methane
Market is expected to grow owing to a rising use of CBM in cement production
industry along with its usage in steel industries for power generation throughout
the forecast period.
According to TechSci
Research report, “Coal Bed
Methane Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Coal Bed Methane Market is
expected to register robust growth during the forecast period. The increasing
power demand from various end-user sectors, such as commercial, domestic, and
industrial, coupled with the growing preference for coal bed methane (CBM) as a
power generation source to meet the rising energy needs of these sectors, are
the key drivers expected to propel the global coal bed methane (CBM) market
during the forecast period. The global energy demand continues to rise,
propelled by population growth and economic progress. CBM presents a
significant opportunity to fulfill this demand, especially in regions abundant
with coal reserves. CBM enables the diversification of energy sources. As
nations strive for cleaner-burning fuels to mitigate carbon emissions, CBM can
play a pivotal role in transitioning from coal to natural gas for power
generation and industrial applications. CBM
boasts a cleaner combustion profile compared to coal, with reduced greenhouse
gas emissions and pollutants such as sulfur dioxide (SO2) and nitrogen oxides
(NOx). This renders it an appealing solution to address environmental concerns
and achieve emissions reduction targets.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Global Coal Bed Methane Market."
Based on technology, the Horizontal Drilling segment is
expected to dominate the market during the forecast period. Horizontal drilling
offers safety advantages by reducing the need for drilling rigs and wellheads
on the surface, thereby minimizing the risk of accidents associated with
drilling operations. Furthermore, horizontal wells can be drilled at angles
that provide safer access to the coal seams, reducing the need for personnel to
work near the wellhead. Although horizontal drilling may initially require a
higher investment than vertical drilling due to its complexity, it often leads
to more cost-effective CBM operations in the long term. The increased resource
recovery and well productivity result in higher revenues, which can offset the
initial drilling and completion costs. Continuous technological advancements
have further improved horizontal drilling techniques in the CBM market.
Innovations in drill bits, downhole tools, and drilling fluids have enhanced
drilling efficiency, enabling longer horizontal sections and better reservoir
access. Horizontal drilling may be subject to specific regulatory requirements,
particularly concerning well spacing and environmental impact assessments. It
is crucial for CBM operators to comply with these regulations to ensure
responsible drilling practices and minimize environmental impact. In
conclusion, horizontal drilling is a critical technique in the Global Coal Bed
Methane (CBM) Market. It enables enhanced resource recovery, increased well
productivity, reduced surface disturbance, mitigation of water resource
impacts, improved safety, cost-effective operations, and ongoing technological
advancements. Its application has transformed CBM extraction by maximizing
methane production while minimizing environmental and operational risks.
Based on type, CBM Wells segment
is projected to dominate the market throughout the forecast period. products. Dewatering
wells are utilized to lower the groundwater level within the coal seam,
facilitating the release of methane gas. These wells typically operate prior to
or concurrently with production wells. Monitoring wells are strategically
positioned around CBM production areas to evaluate groundwater levels, water
quality, and potential environmental impacts. They play a crucial role in
monitoring the effectiveness of dewatering activities and ensuring compliance
with regulations. Dewatering is essential to minimize water influx into
production wells, which can impede methane extraction. Horizontal wells are
drilled horizontally through the coal seam, allowing for increased methane
recovery by exposing a larger surface area of the coal to the wellbore.
Directional wells combine elements of both vertical and horizontal drilling,
enabling access to multiple coal seams from a single wellbore while minimizing
surface disturbance. Directional wells are employed when geological conditions
necessitate access to multiple coal seams. Horizontal drilling proves
particularly effective in deeper and thicker coal seams. The lifecycle of a CBM
well typically encompasses drilling and completion, dewatering (if necessary),
methane production, ongoing monitoring, and eventual well abandonment in
conformity with regulatory requirements.
Key market players in the
Global Coal Bed Methane Market are:-
- Arrow Energy Holdings Pty
Ltd.
- Baker Hughes Company
- BP PLC
- Essar Group
- Halliburton Company
- Petroliam Nasional Berhad
(PETRONAS)
- Reliance Industries Limited
- Royal Dutch Shell plc
- Santos Limited
- The ConocoPhillips Company
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“North America is expected
to be the dominating region during the forecast period. CBM competes with shale
gas in the energy landscape of North America. Shale gas production has
experienced significant growth in the region as a result of the shale
revolution. CBM operators must strive to compete with shale gas in terms of
cost-efficiency and market share. North America's role in the Global Coal Bed
Methane (CBM) Market is characterized by its abundant CBM reserves,
technological advancements, mature market, export potential, environmental and
social considerations, and competitive landscape.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Coal Bed Methane Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (CBM Wells and Coal Mines), By
Technology (Horizontal Drilling, Hydraulic Fracturing and CO2 Sequestration), By
Application (Power Generation, Residential, Commercial, Industrial and
Transportation), By Region, Competition 2018-2028,” has evaluated the future growth
potential of Global Coal Bed Methane Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Coal Bed Methane Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel:
+13322586602
Email:
[email protected]
Website:
www.techsciresearch.com