Coal Bed Methane Market Size

Coal Bed Methane Market size was valued at USD 11.17 billion in 2024 and is expected to reach USD 19.07 billion by 2037, expanding at around 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of coal bed methane is assessed at USD 11.55 billion.

Increasing demand for coal bed methane is attributed to its eco-friendly nature compared to coal, oil, and other natural gases which is estimated to propel the market growth. According to the estimations, nearly 4 trillion cubic meters of natural gas were consumed across the world as of 2021.

 The rising need for power supply with a growing population and consumption rate in the industrial, commercial, and residential sectors is estimated to boost market growth. As per the Environmental Protection Agency 2023, about 532 operational landfill gas energy projects in the U.S. and 466 landfills are suitable for energy projects.