Global Coal Bed Methane Market is Expected to Reach USD 15,318.9 Million in 2018: Transparency Market Research

Global Coal Bed Methane Market is Expected to Reach USD 15,318.9 Million in 2018: Transparency Market Research PR Newswire ALBANY, New York, October 23, 2012 ALBANY, New York, October 23, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com)" Coal Bed Methane Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast, 2010 - 2018", the global market for coal bed methane was estimated to be 2,932 bcf in 2010 which is expected to reach market volumes of 4,074.2 bcf by 2018, growing at a CAGR of 4.3% from 2013 to 2018. In terms of revenues, the market was estimated to be worth USD 12,607.4 million in 2010 which is expected to reach USD 15,318.9 million by 2018, growing at a CAGR of 3.2% from 2013 to 2018. Browse the full report at http://www.transparencymarketresearch.com/coal-bed-methane-market.html Major factors driving the global CBM market include focus towards decreasing the reliance on conventional gas sources and potential for green house gases mitigation. CBM is a pure form of natural gas and provides opportunities for producers to earn carbon credits. However, it is a long and capital intensive process and the long durations taken for dewatering are the major factors which are acting as the major barrier to the global market. The global market for CBM was led by North America sharing 78.9% of the market in 2011 followed by Asia Pacific and Europe.