CBM(Coal Bed Methane) Market 2019 Global Analysis, Share, Trend, Key Players, Opportunities & Forecast To 2025

Introduction

Global CBM Market

Overview:

Natural Gas has gained traction over the past few years as the best alternative to the liquid fuels that are clean, environment-friendly reducing the carbon footprint, less environmental impact. In this scenario, CBM (Coal Bed Methane) has come up providing a clean source of fuel for increasing energy consumption needs. Natural Gas is evolving as the primary source of fuel replacing the crude oil with its penetration increasing into transportation and domestic applications market.

It’s estimated that recoverable unconventional sources of CBM are much larger than the conventional fuel sources. During the last ten years, many countries having huge coal reserves and are exploring and tapping this clean fuel source trapped beneath the coal seam. The technology currently used for extraction of CBM are horizontal drilling, combined with hydraulic fracturing is the predominant technology used for CBM extraction. The combination of these technologies has played a crucial role in increasing the production of unconventional gas in North America.

The Global CBM market was worth USD XX Billion in 2018 and is expected to reach USD XX Billion by 2026, at a CAGR of XX% during the forecast period 2019-2026.

CBM Market Dynamics:

Increased energy demand especially in the APAC region where developing countries like China, India, and Indonesia, which continuously growing the demand for energy at a rate of about 7-8% so as to maintain this growth rate they need around 7.1 btoe (billion tons of oil equivalent) in 2035, which accounts for 42% of the world's primary energy demand. To meet this demand, they need clean energy fuel where CBM natural gas best fits in.

Through 2030, China is expected to be the biggest spender on the energy resources. Major driving sectors for this growth in China is mainly from the transportation and domestic household market.

The main factor restraining in this market is the cost factor associated with this industry: high drilling cost and advanced new drilling techniques to recover CBM efficiently. In CBM drilling cost is estimated to account for 74.3% of the total cost for one cubic meter of CBM gas is produced that’s still a potential reason which is restraining the growth in this industry.

CBM Segmentation based on- Applications:

CBM market segmented based on applications usage is predominantly high in four sectors such as Industrial, Power Generation, commercial, transportation, and Residential. They are the primary consumers of the CBM natural gas.

The sectoral CBM market can be brought down further where 64% of CBM natural gas is primarily consumed by power generation, and industrial applications, out of which 35.3% of global CBM volumes are used for power generation alone, and this sector will see the fastest growth in demand for CBM until 2025.

Power generation sector is the primary consumer of Natural gas as it has no impact on our environment. Industrial applications come next in consuming natural gas as a cheap fuel compared to other conventional fuels. Transportation and Household sectors are the new emerging sectors where demand has grown tremendously over the past ten years, as major developing countries in the Asia Pacific region are shifting towards natural gas from conventional fuels. Residential market demand for CBM natural gas is driven by the transformation from earlier cooking food by burning wood and replaced by piped natural gas and cylinders.

Geographical Analysis:

Regarding region, North America is the largest market for CBM globally in the recent years. The growth of the CBM market in the North American region is driven primarily by the continuous growing demand for sustainable green fuel in the country supporting for their industries as well as heating purposes due to harsh cold climate faced by these regions countries during the most time of the year. In 2017 US CBM production was 277 million cubic meters of which were highest dominating in the CBM market. Canada follows in the global market, accounting for 62 million cubic meters of total production in 2017.

However, In the Asia Pacific growing drilling activities mainly in coal-rich countries, such as China, India, Indonesia, and Australia rising energy consumption is driving demand for the growth of CBM market in these countries as they are considering a gradual shift towards the clean CBM fuel rather than using the conventional fuels. The region is currently witnessing high GDP growth rates. GDP growth is leading to increasing demand for energy in the region. Especially, Indonesia has strong potential for CBM developments due to a very high reservoir quality of Coal reserves they are possessing. China, India, and Indonesia contain a vast amount of unproven reserves for CBM, which in turn has been attracting companies to invest in the region.

Competitive Analysis:

Industry players such as Arrow Energy, Dart Energy, Santos, PetroChina, and Petronas, are facing some crucial challenges in the recent years. As the growth of this industry is linked with prices of the natural gas, its prices are tumbling under USD 5 per MMBTU (Million Metric British Thermal Unit) from past many years which is tough for these players to extract out their investment cost involved into these high-end complex projects recovering out maximum non-conventional resources.

There is again a strict regulatory framework designed for these companies for extraction of these resources by various environmental agencies which get coupled with the highly capital intensive process is also a key challenge for industry players over the next ten years.

The competition in the market would be stiff, with the winners standing to gain significant rewards. Two companies Arrow Energy and BG Group currently account for half of the global CBM market, while the rest of the market sees stiff competition between companies such as Santos, Origin Energy, PetroChina, Great Eastern Energy, and Dart Energy (Acquired by iGas).

Key Takeaways:

• Exploration and commercialization of unconventional hydrocarbon energy sources are seen as a critical step by energy agencies, to stabilize the energy supply-demand gap in the coming years. With CBM being a pure natural gas form, producers and consumers also have the opportunity to obtain much-needed carbon credits and tax incentives.
• Its lower carbon emissions have seen it challenge coal, as its supporters tout its ability to run below carbon emissions regulation imposed in countries such as the US and Australia.

Why purchase the Report?

• This report provides deep insights into the Global CBM market opportunities lying ahead in this market.
• This report provides in-depth qualitative analysis of the Global CBM market its challenges, and various potential this market is having.
• Key industry analysis is provided in the report following the positioning, marketing of the top competitor companies within the market framework.
• This report presents the new trends, emerging destinations and various dynamics in the CBM market.

Who will buy the Report?

• Researchers/Scholars
• Academician
• Energy Companies
• Industry Players/Experts
• Drilling Equipment Provider
• Education & Research Institutes
• Service Providers/Buyers
• Equipment Suppliers/Buyers

Table of Contents

1. Global CBM Market-Methodology and Scope

    1.1. Research Methodology

    1.2. The scope of the Report

2. Introduction

    2.1. CBM(Coal Bed Methane)

    2.2. Chemical Composition of CBM

3. Global CBM Market-Key Trends & Developments

    3.1. Latest News and Updates

4. Global CBM Market-CBM Resources Analysis

    4.1. Total Proven Reserves

    4.2. Unproven/Potential Reserves

    4.3. Contingent Reserves

5. Global CBM Market-Industry Analysis

    5.1. CBM Market Drivers

    5.2. CBM Market Restraints

    5.3. CBM Opportunities

    5.4. Porter Five forces

6. Global CBM Market Segmentation- By Application

    6.1. Residential

    6.2. Commercial

    6.3. Industrial

    6.4. Power Generation

    6.5. Transportation

7. Global CBM Market-By Geographical Region

    7.1. North America

      7.1.1. United States

      7.1.2. Canada

      7.1.3. Mexico

      7.1.4. Rest of North America

    7.2. South America

      7.2.1. Brazil

      7.2.2. Argentina

      7.2.3. Rest of South America

    7.3. Asia Pacific

      7.3.1. China

      7.3.2. India

      7.3.3. Australia

      7.3.4. Rest of Asia Pacific

    7.4. Europe

      7.4.1. Russia

      7.4.2. Germany

      7.4.3. UK

      7.4.4. Rest of the Europe

    7.5. Rest of World

8. Global CBM Market-Company Profiles

    8.1. Arrow Energy

    8.2. Dart Energy

    8.3. Santos

    8.4. PetroChina

    8.5. Petronas

    8.6. BG Group

    8.7. Origin Energy

    8.8. Great Eastern Energy

    8.9. Oil and Natural Gas Corporation (ONGC)

    8.10. Essar Oil and Gas Exploration and Production Limited (EOGPL)

9. Global CBM Market-Competitive Landscape

    9.1. Mergers and Acquisitions

    9.2. Joint Ventures, Collaboration, & Contracts

    9.3. Key strategies adopted by major players

10. Global CBM Market-Appendix

    10.1. About Us

    10.2. Contact Us

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