Press release
Behind-the-Meter Market Valued at US$ 5 Billion in 2021, Poised for Remarkable Growth
Behind - the - Meter Market
Behind-the-Meter (BTM) battery storage systems play a pivotal role in the electricity landscape, serving customers, transmission, and distribution entities. These storage capacities are broadly classified into two categories: behind-the-meter (BTM) and in front-of-the-meter (FTM). In the business, industrial, and residential segments, front-of-the-meter batteries are connected on the customer's side of the electricity meter, providing opportunities to reduce electricity costs. BTM battery storage systems, on the other hand, primarily aim to provide consumers with backup power during blackouts.
Based on end-use, BTM batteries come in various sizes, ranging from 3 kWh to 5 MW. These batteries are located at the customer's premises and are not accessible by distribution network providers. They store surplus energy generated by sources like solar panels, windmills, or power grids during periods of low power consumption. This stored energy can be utilized by the customer when electricity demand is high or returned to the distribution power system.
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Behind - the - Meter Market Dynamics:
Energy Demand Control and Cost Savings: BTM batteries are instrumental in helping customers reduce their electricity bills through energy demand control. They contribute to the efficient integration of variable power generation from renewable sources, releasing a higher share of sustainable energy into the grid. Factors such as lower upfront costs, favorable regulatory frameworks, and reduced soft costs like connection and empowerment charges are driving market growth. BTM batteries can save excess electricity generated by solar rooftop photovoltaic (PV) systems or supplied by the distribution power grid when electricity costs are low.
Impact on the Electricity Sector Transformation: The adoption of BTM battery storage systems has far-reaching benefits, including substantial cost savings and grid stability. For instance, the Poway Unified School District in California installed a 6 MWH BTM storage system, expected to save approximately USD 1.4 million during the forecast period by reducing demand fees.
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What is Behind - the - Meter Market Segmentation:
by Battery
• Lithium-ion Battery
• Lead Acid battery
• Others
by End-Use
• Residential
• Commercial
• Industrial
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Who are Behind - the - Meter Market Key Players:
• Honeywell International Inc.
• ESS, Inc.
• Stem. Inc.
• Johnsons Controls
• Schneider Electric
• SUN POWER
• Sonnen
• Greensmith
• JLM Energy
• Clean Energy Storage Inc.
• Mercedes-Benz
• AutoGrid
• SHARP
• ABB (Switzerland)
• GreenCharge.
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Behind - the - Meter Market Regional Insights:
The global BTM market is divided into 5 regions: North America, Europe, APAC, Middle East and Africa, & Latin America. Europe is anticipated to be the prominent area in the BTM battery market owing to its extensive implementation of sustainable energy policies. Improved environmental rules are also expected to limit the usage of diesel generators during blackouts. At a rapid rate, APAC is projected to be a largely compelling region.
Table of content for the Behind - the - Meter Market includes:
1. Global Behind - the - Meter Market: Research Methodology
1. Global Behind - the - Meter Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Behind - the - Meter Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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