Behind the Meter (BTM) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

BTM batteries offer huge potential for the global residential, commercial and industrial sectors. BTM batteries can help consumers reduce their electricity bills and energy management. An increase in electricity demand will likely increase the demand for variable renewables in the grid and promote green energy. BTM batteries can help customers save on electricity bills by controlling energy demand. The largest share of sustainability change in the grid can be released by increasing demand flexibility. Combined BTM batteries can provide system support while reducing network overhead and high capacity. Lower upfront prices, the establishment of regulatory frameworks, and reduction of ancillary costs such as connection and authorization fees are the major aspects driving the market.

MARKET SCOPE

The "Global Behind the Meter (BTM) Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the behind the meter market with detailed market segmentation by battery, capacity, end user, and geography. The global behind the meter market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading behind the meter market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global behind the meter market is segmented on the basis of battery, capacity, and end user

•   Based on battery, the market is segmented into Lithium-ion Battery, Lead Acid battery, Others.
  
•   On the basis of capacity, the market is segmented into Up to 500 kW, Above 500 kW.
  
•   On the basis of end user, the market is segmented into Residential, Commercial, Industrial.
  

MARKET DYNAMICS

Drivers:

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•   Rising electricity demand is expected to drive demand for variable renewable energy on the grid and promote green energy.
  

Restraints:

•   On the other hand, the high costs associated with manufacturing are expected to hinder the market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19

In 2021, grid-connected battery storage systems were in decline. A total of 2.7 GW of grid-tied battery storage was installed globally in 2021, up from 3.7 GW in 2021. As the market was poised to reaccelerate in 2021, the outbreak of the global pandemic of COVID-19 and the ensuing economic shock meant that the near-term outlook for energy storage was significantly affected. The energy storage industry is still in the early stages of rapid development. Thus, the outbreak was expected to have a limited impact on the overall market development in 2021. Because the fundamental need for technology is the basis for a strong project pipeline and the existing strong growth curve, growth in 2021 and beyond will continue to accelerate. Around the world, the impact of the COVID-19 pandemic will be different. Despite severe economic challenges, the US will be the largest global market with an installation of just over 2 GW in 2021, with falling demand behind the meter and project delays in the meter market (FTM) pushing the 18% forecasts to be lowered.

MARKET PLAYERS

The reports cover key developments in the behind the meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from behind the meter market are anticipated to lucrative growth opportunities in the future with the rising demand for behind the meter in the global market. Below mentioned is the list of few companies engaged in the behind the meter market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the behind the meter market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   Honeywell International Inc.
  
•   ESS, Inc.
  
•   Stem. Inc.
  
•   Johnsons Controls
  
•   Schneider Electric
  
•   SUN POWER
  
•   Sonnen
  
•   Greensmith
  
•   JLM Energy
  
•   Clean Energy Storage Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Behind the Meter (BTM) Report Scope