Global Coal Bed Methane market will reach 21.77 billion US$ by the end of 2026

Publisher: QYResearch
Published Date: 2019/8/21

Some of the factors such as rising government expenditure on environmental protection, shifting focus of consumers towards the use of unconventional sources of energy, and the decreasing methane emissions coupled with coal mining and conventional fuels that lowers the cost of CBM are expected to propel the growth of the global market for coal bed methane in the years to come.

However, the difficulty in valuation of recoverable volumes in an estimation of CBM proposals and the high cost of capital investment in stimulation, water handling, and well drilling are some of the factors that hamper the growth of the market during the projected period.

According to the report, the global bed methane market is likely to boost at US$ 21.77 Bn by the end of 2026 from US$ 14.26 Bn in the year 2018. The market is likely to register a healthy CAGR of 6.19% during the forecasted period.

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