Coal Bed Methane Market Key Manufacturers and Competitive Strategies

08 April 2019, The Global Coal Bed Methane (CBM) Market size is expected to witness steady growth over the forecast period. Shift from conventional energy sources like coal and natural gas to alternative energy is a major driving factor. Rising implementation of energy conservation strategies in developed nations is expected to further fuel expansion. Technological advancements and high energy demand is also anticipated to play a crucial role in rising demand for CBM.

Coalbed Methane

Rising power consumption in primary markets such as U.S., Canada, China, Russia, and Indonesia in light of growing manufacturing sectors is expected to promote use of CBM as energy source. Technological advancements for the introduction of new extraction processes such as hydraulic fracturing for producing CBM in U.S. and Canada is expected to open new opportunities over the years to come. Presence of large coal reserves in China, India, and Australia along with regulatory support to promote new investments in mineral processing is expected to ensure raw material access to CBM manufacturers. This factor is projected to positively influence market over the forecast period.

CBM is an alternative form of natural gas extracted from bituminous and sub-bituminous coals. It is processed as a feedstock to application segments including agriculture, power, petrochemicals, and Liquid Petroleum Gas (LPG). The gas is produced as a by-product of a geological process where a high level of pressure and temperature converts organic matter into coal beds.

Environmental and economic considerations are expected to remain a primary challenge for the industry in near future. Abundant availability of coal bed reserves paves the way for its processing for gas production among oil and gas market players. However, environmental impacts like high level of greenhouse gas (GHG) emissions from the production of CBM is expected to remain a concerning factor for new market entrants. In addition, high level of expenditure for processing CBM is estimated to induce price hike for the final product. This factor may challenge market participants over the forecast period.

North America is expected to remain one of the largest markets in the forthcoming years. Assertive outlook towards construction and automotive sectors in U.S. and Mexico in light of increasing domestic consumption is expected to boost usage of energy and petrochemicals. This trend is projected to fuel demand for coal bed methane as a feedstock for the production of power and petrochemicals.

However, increasing usage of shale gas as a feedstock for production of petrochemicals in the U.S. and Canada on account of rising awareness is expected to pose a substantial threat for coal bed methane industry. In addition, growing concerns over environmental effect associated with the usage of hydraulic fracturing are forecasted to remain a concerning factor for CBM manufacturers over the forecast period.

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High concentration of coal bed gas reserves in Bowen and Surat Basins of Australia in light of regulatory support to promote investments is expected to have a positive impact on market growth. In October 2015, Oil and Natural Gas Corporation (ONGC) announced to commencement of CBM production at USD 400 million in Bokaro and North Karanpura. In August 2012, China United Coalbed Methane Corporation announced its plan to spend USD 1.56 billion to produce coal bed methane as a part of a 30 year agreement. Initiatives, as mentioned above, by various oil and gas manufacturer, are expected to remain favorable factors for coal bed methane industry.

However, high market visibility of conventional sources including natural gas and crude oil in China, India, and Indonesia on account of their low processing cost as compared to unconventional counterparts is expected to have an adverse impact on growth over the forecast period. The robust presence of conventional energy sources in Middle East is projected to reduce the scope of demand for CBM in near future.

Key manufacturers in the global coal bed methane (CBM) market include Quick Silver Resources, Santos, Blue Energy Limited, Halliburton, Dart Energy Ltd., Baker Hughes Incorporated, BG Group, Fortune Oil PLC, Metagasco Limited, and Conoco Philips. The positive market outlook for automotive and construction sectors in China, India, and Brazil in light of increasing demand from end-use segments is expected to encourage industry participants to keep production units in the vicinity. The introduction of Open Acreage Licensing Policy (OALP) in India with effect from February 2015 along with provision of attractive tax benefits is expected to promote the investment in unconventional sources such as CBM over the next few years.

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Current Market Size of Energy Harvesting Market

12 March 2019, The Global Energy Harvesting Market size is poised to reach a significant value by 2025. The market is projected to gain momentum over the coming years as a result of rising need to reduce carbon footprints especially in the manufacturing sector. Growing inclination towards use of green and renewable energy systems is anticipated to drive the market. These systems can be used for running low power rating devices in various end-use markets including consumer electronics, building and home automation, automotive, and aerospace.

Stringent government regulations to reduce carbon footprints and on-going efforts to increase the usage of green energy are estimated to spur the growth of the market during the forecast period. Additionally, increased spending on home automation products and wearable devices is expected to stoke the growth of the market in the near future. For instance, in August 2017, the University of California developed a wearable device that harvests energy from human sweat. The device uses a biofuel cell, which reacts with lactic acid present in human sweat. On similar lines, in September 2017, Ulsan National Institute of Science and Technology (UNIST) developed a wearable device that can be installed on clothes. This device harvests energy from temperature difference between hot and cold sides of clothes.

Over the past few years, environmental agencies of Europe and North America have been encouraging public and private enterprises to leverage sustainable sources of energy to meet their requirements.

The commercial and residential sectors are the most promising application segments in the energy harvesting market. Increasing investments in the smart home sector and advancements in home automation are likely to promote the use of energy harvesting systems. For instance, in February 2017, Alta Devices developed a thin, lightweight, and flexible wearable solar cell. This solar cell harvests electrical energy from both indoor and outdoor light sources. Likewise, the National Center for Nanoscience and Technology developed a hybrid nanogenerator that can generate wind as well as solar power. This device is suitable for supplying power to smart cities as well as IoT devices.

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Triboelectric nanogenerators (TENGs) is an emerging technology in the healthcare sector. This technology harvests energy generated by repeated contact between two materials. Mr. Zhong Lin Wang, a material scientist and physicist, designed a small device for energy harvesting that can power medical devices, such as heart monitor. This technology is projected to open new avenues for market participants in the healthcare sector.

Increased spending on development of road and rail infrastructure is poised to provide growth opportunities to the market. Shifting consumer preference towards energy efficient products is anticipated to bode well for the market.

Asia Pacific is estimated to remain a lucrative destinations for market players on account of rising spending on energy conservation in countries such as Japan, China, and India. Furthermore, booming automotive, consumer goods, and construction sectors in these countries is likely to escalate the growth of the market in the near future.

Companies are taking collaborative measures to develop effective energy harvesting systems. For instance, in December 2016, Ilika announced a collaborative project with Sharp Laboratories and McLaren Applied Technologies. The objective of the project was to develop autonomous energy harvesting devices that can be used for a variety of applications in the automotive and healthcare sectors. Similarly, Fulham and EnOcean collaborated to launch Bluetooth mesh-enabled, wireless LED products. Fulham added self-powered wireless Easyfut switches from EnOcean to its new Bluetooth mesh lighting control ecosystem. This has enabled development of ready-to-use, maintenance free LED lighting application as Easyfit switches use the principle of energy harvesting.

Fujitsu Electronics Europe partnered with E-peas to expand its ultra-low-power linecard portfolio. Belgium’s E-peas developed solutions that support a wide range of power sources such as photovoltaic, vibration, thermal, or RF. Fujitsu’s AEM10940, AEM10941, and AEM30940 have a cold start capability at 380 mV input voltage and 11 μW of input power. In addition, the product is fitted with an ultra-low-power boost converter having an efficiency of up to 94.0% along with voltage references, circuitry, and LDO regulators.

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