Coal Bed Methane Market Segmentation:
Application Segment Analysis
The power generation segment is estimated to register a significant market share during the forecast period. The methane gas extracted is used to burn turbines in the power generation industry which produces electricity and thereby propelling the market segment growth. This type of power generation is less expensive and reduces greenhouse gas emissions which are attracting consumers to the coal bed methane market.
The coal bed methane market from commercial segment will hold a substantial share by 2035 owing to the rising applications of coal bed methane in various industries such as gas stations, turbines, liquid petrol gas, biofuel, plastic, and pharmaceuticals. Other commercial uses of methane gas include rocket fuel prepared by combining it with oxygen which is also estimated to drive the market segment growth.
Our in-depth analysis of the market includes the following segments:
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