Coal Bed Methane Market Is Expected To Grow Owing To Enhanced Demand In End-use Industries Till 2020: Grand View Research, Inc.

San Francisco, July 13, 2016 (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.

By : globenewswire.com

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