The global market for Behind-the-Meter Energy Storage System was estimated to be worth US$ 19100 million in 2023 and is forecast to a readjusted size of US$ 78050 million by 2030 with a CAGR of 23.0% during the forecast period 2024-2030
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 Scope
This report aims to provide a comprehensive presentation of the global market for Behind-the-Meter Energy Storage System, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Behind-the-Meter Energy Storage System by region & country, by Type, and by Application.
The Behind-the-Meter Energy Storage System market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Behind-the-Meter Energy Storage System.
Market Segmentation
By Company
Dynapower
Raychem RPG
Apsystems
Blue Planet Energy
LG Chem
Darfon Electronics
Chint
Hoymiles
NEC Energy Solutions
Yaskawa
Growatt
Avalon Battery
Segment by Type:
Single-Phase Electric Power
Three-Phase Electric Power
Segment by Application
Residential
Industrial
Commercial
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Behind-the-Meter Energy Storage System manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Behind-the-Meter Energy Storage System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Behind-the-Meter Energy Storage System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Behind-the-Meter Energy Storage System Product Introduction
1.2 Global Behind-the-Meter Energy Storage System Market Size Forecast
1.3 Behind-the-Meter Energy Storage System Market Trends & Drivers
1.3.1 Behind-the-Meter Energy Storage System Industry Trends
1.3.2 Behind-the-Meter Energy Storage System Market Drivers & Opportunity
1.3.3 Behind-the-Meter Energy Storage System Market Challenges
1.3.4 Behind-the-Meter Energy Storage System Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Behind-the-Meter Energy Storage System Players Revenue Ranking (2023)
2.2 Global Behind-the-Meter Energy Storage System Revenue by Company (2019-2024)
2.3 Key Companies Behind-the-Meter Energy Storage System Manufacturing Base Distribution and Headquarters
2.4 Key Companies Behind-the-Meter Energy Storage System Product Offered
2.5 Key Companies Time to Begin Mass Production of Behind-the-Meter Energy Storage System
2.6 Behind-the-Meter Energy Storage System Market Competitive Analysis
2.6.1 Behind-the-Meter Energy Storage System Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Behind-the-Meter Energy Storage System Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Behind-the-Meter Energy Storage System as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Single-Phase Electric Power
3.1.2 Three-Phase Electric Power
3.2 Global Behind-the-Meter Energy Storage System Sales Value by Type
3.2.1 Global Behind-the-Meter Energy Storage System Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Behind-the-Meter Energy Storage System Sales Value, by Type (2019-2030)
3.2.3 Global Behind-the-Meter Energy Storage System Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Residential
4.1.2 Industrial
4.1.3 Commercial
4.2 Global Behind-the-Meter Energy Storage System Sales Value by Application
4.2.1 Global Behind-the-Meter Energy Storage System Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Behind-the-Meter Energy Storage System Sales Value, by Application (2019-2030)
4.2.3 Global Behind-the-Meter Energy Storage System Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Behind-the-Meter Energy Storage System Sales Value by Region
5.1.1 Global Behind-the-Meter Energy Storage System Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Behind-the-Meter Energy Storage System Sales Value by Region (2019-2024)
5.1.3 Global Behind-the-Meter Energy Storage System Sales Value by Region (2025-2030)
5.1.4 Global Behind-the-Meter Energy Storage System Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Behind-the-Meter Energy Storage System Sales Value, 2019-2030
5.2.2 North America Behind-the-Meter Energy Storage System Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Behind-the-Meter Energy Storage System Sales Value, 2019-2030
5.3.2 Europe Behind-the-Meter Energy Storage System Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Behind-the-Meter Energy Storage System Sales Value, 2019-2030
5.4.2 Asia Pacific Behind-the-Meter Energy Storage System Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Behind-the-Meter Energy Storage System Sales Value, 2019-2030
5.5.2 South America Behind-the-Meter Energy Storage System Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Behind-the-Meter Energy Storage System Sales Value, 2019-2030
5.6.2 Middle East & Africa Behind-the-Meter Energy Storage System Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Behind-the-Meter Energy Storage System Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Behind-the-Meter Energy Storage System Sales Value
6.3 United States
6.3.1 United States Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.3.2 United States Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.4.2 Europe Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.5.2 China Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.5.3 China Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.6.2 Japan Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.7.2 South Korea Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.8.2 Southeast Asia Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Behind-the-Meter Energy Storage System Sales Value, 2019-2030
6.9.2 India Behind-the-Meter Energy Storage System Sales Value by Type (%), 2023 VS 2030
6.9.3 India Behind-the-Meter Energy Storage System Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Dynapower
7.1.1 Dynapower Profile
7.1.2 Dynapower Main Business
7.1.3 Dynapower Behind-the-Meter Energy Storage System Products, Services and Solutions
7.1.4 Dynapower Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.1.5 Dynapower Recent Developments
7.2 Raychem RPG
7.2.1 Raychem RPG Profile
7.2.2 Raychem RPG Main Business
7.2.3 Raychem RPG Behind-the-Meter Energy Storage System Products, Services and Solutions
7.2.4 Raychem RPG Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.2.5 Raychem RPG Recent Developments
7.3 Apsystems
7.3.1 Apsystems Profile
7.3.2 Apsystems Main Business
7.3.3 Apsystems Behind-the-Meter Energy Storage System Products, Services and Solutions
7.3.4 Apsystems Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.3.5 Blue Planet Energy Recent Developments
7.4 Blue Planet Energy
7.4.1 Blue Planet Energy Profile
7.4.2 Blue Planet Energy Main Business
7.4.3 Blue Planet Energy Behind-the-Meter Energy Storage System Products, Services and Solutions
7.4.4 Blue Planet Energy Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.4.5 Blue Planet Energy Recent Developments
7.5 LG Chem
7.5.1 LG Chem Profile
7.5.2 LG Chem Main Business
7.5.3 LG Chem Behind-the-Meter Energy Storage System Products, Services and Solutions
7.5.4 LG Chem Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.5.5 LG Chem Recent Developments
7.6 Darfon Electronics
7.6.1 Darfon Electronics Profile
7.6.2 Darfon Electronics Main Business
7.6.3 Darfon Electronics Behind-the-Meter Energy Storage System Products, Services and Solutions
7.6.4 Darfon Electronics Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.6.5 Darfon Electronics Recent Developments
7.7 Chint
7.7.1 Chint Profile
7.7.2 Chint Main Business
7.7.3 Chint Behind-the-Meter Energy Storage System Products, Services and Solutions
7.7.4 Chint Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.7.5 Chint Recent Developments
7.8 Hoymiles
7.8.1 Hoymiles Profile
7.8.2 Hoymiles Main Business
7.8.3 Hoymiles Behind-the-Meter Energy Storage System Products, Services and Solutions
7.8.4 Hoymiles Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.8.5 Hoymiles Recent Developments
7.9 NEC Energy Solutions
7.9.1 NEC Energy Solutions Profile
7.9.2 NEC Energy Solutions Main Business
7.9.3 NEC Energy Solutions Behind-the-Meter Energy Storage System Products, Services and Solutions
7.9.4 NEC Energy Solutions Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.9.5 NEC Energy Solutions Recent Developments
7.10 Yaskawa
7.10.1 Yaskawa Profile
7.10.2 Yaskawa Main Business
7.10.3 Yaskawa Behind-the-Meter Energy Storage System Products, Services and Solutions
7.10.4 Yaskawa Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.10.5 Yaskawa Recent Developments
7.11 Growatt
7.11.1 Growatt Profile
7.11.2 Growatt Main Business
7.11.3 Growatt Behind-the-Meter Energy Storage System Products, Services and Solutions
7.11.4 Growatt Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.11.5 Growatt Recent Developments
7.12 Avalon Battery
7.12.1 Avalon Battery Profile
7.12.2 Avalon Battery Main Business
7.12.3 Avalon Battery Behind-the-Meter Energy Storage System Products, Services and Solutions
7.12.4 Avalon Battery Behind-the-Meter Energy Storage System Revenue (US$ Million) & (2019-2024)
7.12.5 Avalon Battery Recent Developments
8 Industry Chain Analysis
8.1 Behind-the-Meter Energy Storage System Industrial Chain
8.2 Behind-the-Meter Energy Storage System Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Behind-the-Meter Energy Storage System Sales Model
8.5.2 Sales Channel
8.5.3 Behind-the-Meter Energy Storage System Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Dynapower
Raychem RPG
Apsystems
Blue Planet Energy
LG Chem
Darfon Electronics
Chint
Hoymiles
NEC Energy Solutions
Yaskawa
Growatt
Avalon Battery
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*If Applicable.