Coal Bed Methane Market size: 2021 Trends, Global Analysis with Focus on Opportunities, Growth Potential & Forecast 2025
Market Highlights Coal bed methane is a primary coal seam gas that is collected from unmined coal seams. These coal seams are then drilled down into releasing the associated gas which is extracted and can further be used to generate electricity. CBM can be used as a substitute for conventional natural gas in a wide variety of consumer and industrial applications. The porosity of coal bed reservoirs is usually very small, ranging from 0.1 to 10%. Coal bed methane market is essential in assisting food production rate thereby meeting the growing population needs. Essar Oil, a coal bed methane company is currently supplying 1 million cubic metre of the requisite gas to Matix Fertilizers and Chemicals. Based on technology, the market is segmented as hydraulic fracturing, horizontal drilling, and CO2 sequestration. Hydraulic fracturing segment is leading the market owing to the technological advancements achieved in this technique coupled with its ease of use and will further compl...