Coal Bed Methane Market Share

North American Market Statistics

North America industry is anticipated to account for largest revenue share by 2037. The rising adoption of green energy and low-cost fuels is estimated to drive the growth of the market. Stringent regulations from the government to reduce greenhouse gas emissions and rising concern for the environment are propelling the growth of the market. The growing applications of coal bed methane as diesel, gasoline, power generation, and compressed natural gas or biofuels are driving the market expansion in the region. Nearly 68% of the landfill gas energy projects in the United States that are functional are generating electricity as of 2023 data from Environment Protection Agency. Rising investment by the companies in the market region is driving the market size expansion. Also, the rising use of biofuels in the automobile industry to reduce air pollution from fossil fuels is anticipated to hike market growth.

APAC Market Analysis

Escalating demand for fertilizers in the region with growing agricultural land is expected to fuel the coal bed methane market growth. The rising usage of methane in the manufacturing of fertilizers is anticipated to promote growth opportunities in the region. Further, the need for clean bio-energy for cooking and heating is influencing the use of methane as biogas in many industries and household applications thereby estimated to hike the market growth. Nearly 32% of the primary energy consumption in India is generated from biomass and over 70% of the population in the country relies on it for energy sources as of 2021 Ministry of New and Renewable Energy.