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Report overview
The global Coalbed Methane (CBM) market was valued at US$ 18240 million in 2022 and is projected to reach US$ 25790 million by 2029, at a CAGR of 5.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
CBM refers to methane that is found in coal seams. It is formed during the process of coalification, the transformation of plant material into coal. CBM is also known as virgin coal seam methane or coal seam gas. It is widely considered an "unconventional" source of natural gas. In the United States, CBM is a valuable resource that accounts for about 5 percent of total U.S. natural gas production annually.
This report aims to provide a comprehensive presentation of the global market for Coalbed Methane (CBM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Coalbed Methane (CBM). This report contains market size and forecasts of Coalbed Methane (CBM) in global, including the following market information:
Global Coal Bed Methane (CBM) key players include Exxon Mobil(XTO Energy), ConocoPhillips, Australia Pacific LNG, Shell (QGC), etc. Global top four manufacturers hold a share about 40%.
USA is the largest market, with a share about 33%, followed by China and Canada, both have a share about 30 percent.
In terms of product, CBM Wells is the largest segment, with a share about 80%. And in terms of application, the largest application is Power Generation, followed by Industrial Fuel, Cooking Fuel, Vehicle Fuel.
We surveyed the Coalbed Methane (CBM) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Coalbed Methane (CBM) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Million Cubic Meters)
Global Coalbed Methane (CBM) Market Segment Percentages, by Type, 2022 (%)
Global Coalbed Methane (CBM) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Million Cubic Meters)
Global Coalbed Methane (CBM) Market Segment Percentages, by Application, 2022 (%)
Global Coalbed Methane (CBM) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Million Cubic Meters)
Global Coalbed Methane (CBM) Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Coalbed Methane (CBM) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Coalbed Methane (CBM) revenues share in global market, 2022 (%)
Key companies Coalbed Methane (CBM) sales in global market, 2018-2023 (Estimated), (Million Cubic Meters)
Key companies Coalbed Methane (CBM) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: