ReportsnReports.com adds report Global Coal Bed Methane (CBM) Market 2014-2018 to its store.Global Coal Bed Methane market to grow at a CAGR of 3.5 percent over the period 2013-2018. One of the key factors contributing to this market growth is the shifting focus from conventional gas sources. The Global Coal Bed Methane market has also been witnessing rapid technological advancements. However, the long dewatering period for CBM could pose a challenge to the growth of this market.
Over the years, there has been a tremendous increase in technological advancements in the Global CBM market, which has resulted in the higher extraction of CBM from major reservoirs across the world. These technological advancements include the CBM production mechanism, the development of techniques for accurate isothermic testing and determination of gas levels, the development of well log interpretation, and well simulation models. Also, huge investments are being made in R&D to improve the efficient recovery of CBM through horizontal drilling while reducing the lead time and cost. The overall volume of production as well as the cost and risk have significantly declined due to these rapid technological advancements in the industry. Therefore, it is expected that technological advancements will be one of the key trends propelling the growth of the Global CBM market during the forecast period.
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According to the report, one of the major drivers in this market is the shifting focus from conventional gas sources due to the depletion of fossil fuels. Governments across the globe are being forced to shift their focus to alternative sources of gas supply including CBM, which is propelling the growth of the Global CBM market.
Further, the report states that one of the major challenges confronting the market is the long dewatering period for CBM. The dewatering of a CBM well takes a lot of time and increases the overall cost of development of CBM wells.Global Coal Bed Methane market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Coal Bed Methane market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space are Arrow Energy Pty Ltd., BG Group plc, BP plc, Chevron Corp., Dart Energy Ltd., ExxonMobil Corp., and Royal Dutch Shell plc.
Other vendors mentioned in the report are Aberdeen Drilling Management Ltd., Alkane Energy, BHP Billiton, Cathy Oil and Gas Ltd.,CBM Asia Development Corp, China United Coalbed Methane Corp., Constellation Energy Group, ConocoPhillips Co, Devon Energy Corp., Double Eagle Petroleum Co., Encana Corp., Essar Energy Plc, Gazprom, GDF Suez S.A, Green Dragon Gas, Penn Virginia Corp., Osaka Gas Co. Ltd., Sinopec, Storm Cat Energy Corp., Strait Oil & Gas Ltd, Tlou Energy, Total S.A., and Warren Resources Inc.
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Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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