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Friday, 18 September 2015

Coal Bed Methane Market Analysis- Size, Share, Growth, Trends and Forecasts To 2020: Grand View Research


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.
http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry

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