The coal seam gas market is expected to gain formidable growth across the assessment period of 2017-2025 owing to the large-scale electricity need around the world. The booming population levels have led to an increase in the need for electricity. The demand for natural gas has also propelled considerably over the years. Thus, all these aspects will bring extensive growth prospects for the coal seam gas market.
- The rising investments in the coal seam gas market will prove to be a prominent growth factor. Investments from varied conglomerates and firms due to the increasing growth prospects will serve as a significant growth generator. Thus, these factors will invite exponential growth opportunities for the coal seam gas market.
- Research and development activities also have a pivotal part in the growth of the coal seam gas market. The players are engaged in these activities to discover new formulations and strategies. These strategies and formulations will help in increasing the revenues of the players in the coal seam gas market, eventually accelerating the growth cycle.
Global Coal Seam Gas Market: Overview
Coal seam gas is natural gas extracted from coal bed which generally consists water and gas. Coal seam gas is formed from decomposition and activities of organisms such as algae and plankton. It is combination of important fossil fuel, however, methane is the main and largest constituent of the coal seam gas. Mining of coal seam gas is conducted from the thousands of wells and pipelines, compressors, and numerous waste water treatment plants. Other unconventional methods are also used in the extraction. It has extensive applications in the electricity generation and production of fertilizers, plastics, and chemicals.
The global coal seam gas is segmented on the basis of method of exploration, application, and region. On the basis of method of exploration, the market is segmented in to hydraulic fracturing and horizontal drilling. On the basis of application, the market is segmented in to power generation, production of chemicals, and cooking gas.
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Global Coal Seam Gas Market: Drivers and Restraints
From past few years, demand for energy is increased significantly. In order to meet this demand power generation is increased exponentially. In addition, exhausting non-renewable energy sources are leading to search for alternative way of energy production. This is a key factor boosting adoption of coal seam gas for electricity generation which is propelling growth of the global coal seam gas market. Additionally, demand for natural gas for cooking purposes is increasing. According to report of the International Energy Agency, global demand for natural gas is expected to increase by 1.6% annually for next few years. While, coal seam gas is important source of the methane. Thus, adoption of coal seam gas as cooking gas is increased which is boosting growth of the coal seam gas market.
However, stringent regulations imposed on coal gas exploration and production activities is expected to hamper growth of the coal seam gas market.
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Global Coal Seam Gas Market: Geographical Segmentation
On the basis of region, coal seam gas market is segmented into North America, South America, Europe, Asia Pacific and Middle East & Africa. Of these, North America is expected to dominate the market owing to increasing activities of production through unconventional methods. The markets in the regions such as Asia Pacific and Europe are expected to expand with the fats pace owing to increasing production activities in the countries such as Australia and China from Asia Pacific and in some of the countries in the Eastern Europe. Additionally, the countries such as Brazil and Mexico from Latin America have started developing offshore development activities.
Global Coal Seam Gas Market: Competitive Landscape
The global coal seam gas market is highly consolidated as the major shares of the market are accounted by the three companies such as arrow energy, Origin Energy Limited, and Shell Global.
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