LOS ANGELES, March 11, 2019 (GLOBE NEWSWIRE) -- QY Research has recently added a new report in its depository with the title, “Global Coal Bed Methane (CBM) Market Insights, Forecast to 2025,” for the anticipated period of 2019 and 2026. 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.
Global Coal Bed Methane (CBM) Market: Drivers and Restraints
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.
Global Coal Bed Methane (CBM) Market: Forecast by Application
On the basis of application segment, the market is segmented into residential, industrial, commercial, power generation, and transportation.
Global Coal Bed Methane (CBM) Market: Geographical Outlook
Countries such as US is likely to hold the largest part of present CBM extraction and has the potential in developing generation across the globe. The experience and innovation procured in the U.S. could be promptly applied across the globe. Australia is the most promising market for the CBM, where CBM or coal seam gas is a remarkable source to cater the demand for liquid natural gas in the market. Demand for liquid natural gas is expected to rise in the Asia-Pacific region due to the shifting of the growth to CBM as an alternative. Emerging economies such as Russia, India, and China have critical CBM stores that are likely to gain a growth in extraction by the year 2019.
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Global Coal Bed Methane (CBM) Market: Key Companies
Some of the key players operating into the global CBM market are Ember Resources, Exxon Mobil (XTO Energy), Arrow Energy, BP, Anglo Coal, ConocoPhillips, Santos, Australia Pacific LNG.
Anglo American Beats Core Profit with no Harm
The company announces its core earnings on February 28, 2019. According to the analyst, in the year 2019, the company’s share have risen around 14% and was trading down to 0.5%. In the year 2018, the firm’s earnings before interest, tax, depreciation, and amortization were $9.16 Bn and were up by 4% from $8.82 Bn a year ago. According to Refinitiv IBES data, the company has beaten the analyst average estimation of $8.7 Bn in the year 2018.
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