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The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

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Coalbed Methane Market Size 2022-2026

The coalbed methane market share in South and Central America is expected to increase to USD 275.46 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.58%.

The demand for renewable energy sources and clean energy technologies is rising, driven by the need to transition away from fossil fuels. Energy innovation plays a crucial role in this shift, enabling more energy-efficient and decarbonized solutions. This includes the development of technologies to capture and purify methane and the optimization of smart grids to integrate renewable sources with traditional energy systems. At the same time, energy storage technologies are emerging as a necessary tool for the renewable energy transition, balancing intermittent energy sources like wind and solar with the reliability of traditional grids.

What will the Coalbed Methane Market Size in South and Central America be During the Forecast Period?

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The Coalbed Methane (CBM) market is growing as a key unconventional gas source, particularly for natural gas (NG) and liquefied petroleum gas (LPG) production. Extracted from coal seams, methane (CH4) can be utilized for electricity consumption, gas engine systems, and automotive vehicles, offering a cleaner alternative to traditional fuels. However, challenges like methane emissions, salinized water disposal, and coal damage must be managed effectively. Technological innovations in digital technology, horizontal drilling, and hydraulic fracturing have improved gas flow and extraction efficiency, reducing environmental impact. CBM also plays a role in carbon capture, offering a potential path toward carbon neutrality by replacing high-carbon fuels and supporting carbon credits initiatives. With rising gas prices, population growth, and increasing demand for eco-friendly energy, CBM's role in climate change mitigation, carbon sequestration, and net zero efforts is becoming increasingly significant.

Parent Market Analysis

Technavio categorizes the coalbed methane market in South And Central America as a part of the global coal and consumable fuels market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coalbed methane market in South And Central America during the forecast period.

Who are the Major Coalbed Methane Market Vendors in South and Central America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

Baker Hughes Co.
Centrais Eletricas Brasileiras SA
ConocoPhillips Co.
Igas Energy plc
Santos Ltd.
SGS SA
Shell plc

This statistical study of the coalbed methane market in South And Central America encompasses successful business strategies deployed by the key vendors. The coalbed methane market in South And Central America is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Baker Hughes Co. - The company is involved in offering Gaffney cline as the front fore company, which guides various other energy companies and governments to navigate economic and technical uncertainties and help clients across the hydrocarbon value chain to find the right solutions and business strategies for complex, multidisciplinary problems.
Baker Hughes Co. - The oilfield equipment segment includes a single point of contact service by providing reliable technology including subsea trees, manifolds, blowout preventers (BOPs), flexible risers, and advanced control systems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coalbed methane market in South And Central America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coalbed Methane Market Dynamics

The increase in demand for clean fuel is notably driving the coalbed methane market growth in South And Central America, although factors such as drawbacks associated with coalbed methane production may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coalbed methane industry in South And Central America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

The Coalbed Methane (CBM) market is a growing sector within the broader energy market, providing significant opportunities for energy generation and energy security. Methane gas extrac