TechNavio recognizes the following companies as the key players in the Global Coal Bed Methane (CBM) Market: Arrow Energy Pty Ltd., BG Group plc, BP plc, Chevron Corp., Dart Energy Ltd., ExxonMobil Corp., and Royal Dutch Shell plc.
Commenting on the report, an analyst from TechNavio’s team said: “Over the years, there has been a tremendous increase in technological advancements in the Global CBM market, which has resulted in the higher extraction of CBM from major reservoirs across the world. These technological advancements include the CBM production mechanism, the development of techniques for accurate isothermic testing and determination of gas levels, the development of well log interpretation, and well simulation models. Also, huge investments are being made in R&D to improve the efficient recovery of CBM through horizontal drilling while reducing the lead time and cost. The overall volume of production as well as the cost and risk have significantly declined due to these rapid technological advancements in the industry. Therefore, it is expected that technological advancements will be one of the key trends propelling the growth of the Global CBM market during the forecast period.”
According to the report, one of the major drivers in this market is the shifting focus from conventional gas sources due to the depletion of fossil fuels. Governments across the globe are being forced to shift their focus to alternative sources of gas supply including CBM, which is propelling the growth of the Global CBM market.
Further, the report states that one of the major challenges confronting the market is the long dewatering period for CBM. The dewatering of a CBM well takes a lot of time and increases the overall cost of development of CBM wells.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-coal-bed-methane-cbm-market-2014-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report – Global Coal Bed Methane (CBM) Market 2014-2018
