The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Behind-the-Meter Energy Storage System-Global Market Insights and Sales Trends 2024
Synopsis
The global Behind-the-Meter Energy Storage System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Behind-the-Meter Energy Storage System in various end use industries. The expanding demands from the Residential, Industrial and Commercial,, are propelling Behind-the-Meter Energy Storage System market. Single-Phase Electric Power, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Three-Phase Electric Power segment is estimated at % CAGR for the next seven-year period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 137%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Behind-the-Meter Energy Storage System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Behind-the-Meter Energy Storage System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Behind-the-Meter Energy Storage System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Behind-the-Meter Energy Storage System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Behind-the-Meter Energy Storage System covered in this report include Dynapower, Raychem RPG, Apsystems, Blue Planet Energy, LG Chem, Darfon Electronics, Chint, Hoymiles and NEC Energy Solutions, etc.
The global Behind-the-Meter Energy Storage System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dynapower
Raychem RPG
Apsystems
Blue Planet Energy
LG Chem
Darfon Electronics
Chint
Hoymiles
NEC Energy Solutions
Yaskawa
Growatt
Avalon Battery
Global Behind-the-Meter Energy Storage System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Behind-the-Meter Energy Storage System market, Segment by Type:
Single-Phase Electric Power
Three-Phase Electric Power
Global Behind-the-Meter Energy Storage System market, by Application
Residential
Industrial
Commercial
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Behind-the-Meter Energy Storage System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Behind-the-Meter Energy Storage System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Behind-the-Meter Energy Storage System in various end use industries. The expanding demands from the Residential, Industrial and Commercial,, are propelling Behind-the-Meter Energy Storage System market. Single-Phase Electric Power, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Three-Phase Electric Power segment is estimated at % CAGR for the next seven-year period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 137%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Behind-the-Meter Energy Storage System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Behind-the-Meter Energy Storage System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Behind-the-Meter Energy Storage System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Behind-the-Meter Energy Storage System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Behind-the-Meter Energy Storage System covered in this report include Dynapower, Raychem RPG, Apsystems, Blue Planet Energy, LG Chem, Darfon Electronics, Chint, Hoymiles and NEC Energy Solutions, etc.
The global Behind-the-Meter Energy Storage System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dynapower
Raychem RPG
Apsystems
Blue Planet Energy
LG Chem
Darfon Electronics
Chint
Hoymiles
NEC Energy Solutions
Yaskawa
Growatt
Avalon Battery
Global Behind-the-Meter Energy Storage System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Behind-the-Meter Energy Storage System market, Segment by Type:
Single-Phase Electric Power
Three-Phase Electric Power
Global Behind-the-Meter Energy Storage System market, by Application
Residential
Industrial
Commercial
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Behind-the-Meter Energy Storage System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Behind-the-Meter Energy Storage System
1.1 Behind-the-Meter Energy Storage System Market Overview
1.1.1 Behind-the-Meter Energy Storage System Product Scope
1.1.2 Behind-the-Meter Energy Storage System Market Status and Outlook
1.2 Global Behind-the-Meter Energy Storage System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Behind-the-Meter Energy Storage System Market Size by Region (2018-2029)
1.4 Global Behind-the-Meter Energy Storage System Historic Market Size by Region (2018-2023)
1.5 Global Behind-the-Meter Energy Storage System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Behind-the-Meter Energy Storage System Market Size (2018-2029)
1.6.1 North America Behind-the-Meter Energy Storage System Market Size (2018-2029)
1.6.2 Europe Behind-the-Meter Energy Storage System Market Size (2018-2029)
1.6.3 Asia-Pacific Behind-the-Meter Energy Storage System Market Size (2018-2029)
1.6.4 Latin America Behind-the-Meter Energy Storage System Market Size (2018-2029)
1.6.5 Middle East & Africa Behind-the-Meter Energy Storage System Market Size (2018-2029)
2 Behind-the-Meter Energy Storage System Market by Type
2.1 Introduction
2.1.1 Single-Phase Electric Power
2.1.2 Three-Phase Electric Power
2.2 Global Behind-the-Meter Energy Storage System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Behind-the-Meter Energy Storage System Historic Market Size by Type (2018-2023)
2.2.2 Global Behind-the-Meter Energy Storage System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Behind-the-Meter Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Behind-the-Meter Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Behind-the-Meter Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Behind-the-Meter Energy Storage System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Behind-the-Meter Energy Storage System Revenue Breakdown by Type (2018-2029)
3 Behind-the-Meter Energy Storage System Market Overview by Application
3.1 Introduction
3.1.1 Residential
3.1.2 Industrial
3.1.3 Commercial
3.2 Global Behind-the-Meter Energy Storage System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Behind-the-Meter Energy Storage System Historic Market Size by Application (2018-2023)
3.2.2 Global Behind-the-Meter Energy Storage System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Behind-the-Meter Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Behind-the-Meter Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Behind-the-Meter Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Behind-the-Meter Energy Storage System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Behind-the-Meter Energy Storage System Revenue Breakdown by Application (2018-2029)
4 Behind-the-Meter Energy Storage System Competition Analysis by Players
4.1 Global Behind-the-Meter Energy Storage System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Behind-the-Meter Energy Storage System as of 2022)
4.3 Date of Key Players Enter into Behind-the-Meter Energy Storage System Market
4.4 Global Top Players Behind-the-Meter Energy Storage System Headquarters and Area Served
4.5 Key Players Behind-the-Meter Energy Storage System Product Solution and Service
4.6 Competitive Status
4.6.1 Behind-the-Meter Energy Storage System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Dynapower
5.1.1 Dynapower Profile
5.1.2 Dynapower Main Business
5.1.3 Dynapower Behind-the-Meter Energy Storage System Products, Services and Solutions
5.1.4 Dynapower Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.1.5 Dynapower Recent Developments
5.2 Raychem RPG
5.2.1 Raychem RPG Profile
5.2.2 Raychem RPG Main Business
5.2.3 Raychem RPG Behind-the-Meter Energy Storage System Products, Services and Solutions
5.2.4 Raychem RPG Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.2.5 Raychem RPG Recent Developments
5.3 Apsystems
5.3.1 Apsystems Profile
5.3.2 Apsystems Main Business
5.3.3 Apsystems Behind-the-Meter Energy Storage System Products, Services and Solutions
5.3.4 Apsystems Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.3.5 Blue Planet Energy Recent Developments
5.4 Blue Planet Energy
5.4.1 Blue Planet Energy Profile
5.4.2 Blue Planet Energy Main Business
5.4.3 Blue Planet Energy Behind-the-Meter Energy Storage System Products, Services and Solutions
5.4.4 Blue Planet Energy Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.4.5 Blue Planet Energy Recent Developments
5.5 LG Chem
5.5.1 LG Chem Profile
5.5.2 LG Chem Main Business
5.5.3 LG Chem Behind-the-Meter Energy Storage System Products, Services and Solutions
5.5.4 LG Chem Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.5.5 LG Chem Recent Developments
5.6 Darfon Electronics
5.6.1 Darfon Electronics Profile
5.6.2 Darfon Electronics Main Business
5.6.3 Darfon Electronics Behind-the-Meter Energy Storage System Products, Services and Solutions
5.6.4 Darfon Electronics Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.6.5 Darfon Electronics Recent Developments
5.7 Chint
5.7.1 Chint Profile
5.7.2 Chint Main Business
5.7.3 Chint Behind-the-Meter Energy Storage System Products, Services and Solutions
5.7.4 Chint Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.7.5 Chint Recent Developments
5.8 Hoymiles
5.8.1 Hoymiles Profile
5.8.2 Hoymiles Main Business
5.8.3 Hoymiles Behind-the-Meter Energy Storage System Products, Services and Solutions
5.8.4 Hoymiles Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.8.5 Hoymiles Recent Developments
5.9 NEC Energy Solutions
5.9.1 NEC Energy Solutions Profile
5.9.2 NEC Energy Solutions Main Business
5.9.3 NEC Energy Solutions Behind-the-Meter Energy Storage System Products, Services and Solutions
5.9.4 NEC Energy Solutions Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.9.5 NEC Energy Solutions Recent Developments
5.10 Yaskawa
5.10.1 Yaskawa Profile
5.10.2 Yaskawa Main Business
5.10.3 Yaskawa Behind-the-Meter Energy Storage System Products, Services and Solutions
5.10.4 Yaskawa Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.10.5 Yaskawa Recent Developments
5.11 Growatt
5.11.1 Growatt Profile
5.11.2 Growatt Main Business
5.11.3 Growatt Behind-the-Meter Energy Storage System Products, Services and Solutions
5.11.4 Growatt Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.11.5 Growatt Recent Developments
5.12 Avalon Battery
5.12.1 Avalon Battery Profile
5.12.2 Avalon Battery Main Business
5.12.3 Avalon Battery Behind-the-Meter Energy Storage System Products, Services and Solutions
5.12.4 Avalon Battery Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2018-2023)
5.12.5 Avalon Battery Recent Developments
6 North America
6.1 North America Behind-the-Meter Energy Storage System Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Behind-the-Meter Energy Storage System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Behind-the-Meter Energy Storage System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Behind-the-Meter Energy Storage System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Behind-the-Meter Energy Storage System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Behind-the-Meter Energy Storage System Market Dynamics
11.1 Behind-the-Meter Energy Storage System Industry Trends
11.2 Behind-the-Meter Energy Storage System Market Drivers
11.3 Behind-the-Meter Energy Storage System Market Challenges
11.4 Behind-the-Meter Energy Storage System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
