San Francisco, California, Nov. 12, 2014 (GLOBE NEWSWIRE) -- Global CBM (Coal Bed Methane) market is expected to reach USD 17.31 billion by 2020, growing at a CAGR of 5.9% from 2014 to 2020. Unconventional CBM reserves, especially in coal-rich regions are increasingly gaining the spotlight as the industry strives for energy independence. Exploration and commercialization of unconventional hydrocarbon energy sources is 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.
The strict framework designed for extraction by various environmental agencies coupled with the highly capital intensive process is expected to be a key challenge for industry participants over the next six years.
Get More Details About CBM (Coal Bed Methane) Market: http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry
Further Key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global CBM market on the basis of application and region:
CBM Application Outlook (Volume, Bcf;
Revenue, USD Billion; 2012-2020)
• Power Generation
• Industrial
• Residential
• Commercial
• Transportation
Regional coverage of the database
includes:
• North America
• U.S.
• Canada
• Europe
• Russia
• Asia-Pacific
• China
• India
• Australia
• Indonesia
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