BTM(Behind The Meter) 시장 예측(-2030년) : 컴포넌트별, 용량별, 기술별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Behind The Meter (BTM) Market is accounted for $8.21 billion in 2024 and is expected to reach $77.06 billion by 2030 growing at a CAGR of 45.2% during the forecast period. Behind The Meter (BTM) refers to energy systems, typically renewable, that generates and store electricity on the consumer's side of the electricity meter. These systems enable consumers to produce and manage their own energy independently of the grid. BTM systems help reduce reliance on the utility grid by lowering electricity bills, increasing energy security, and minimizing grid congestion. This model supports a decentralized energy approach, fostering self-sufficiency and sustainability for residential, commercial, and industrial users.

According to the New York Independent System Operator (NYISO), New York's behind-the-meter solar capacity has surpassed 5,000 MW, marking a significant advancement toward the state's 2030 objective of achieving 10,000 MW in distributed solar energy.

Market Dynamics:

Driver:

Rising electricity costs

BTM solutions, such as solar panels, battery storage, and energy-efficient systems, allow users to generate and store their own electricity, minimizing the impact of fluctuating utility rates. By producing power on-site, consumers achieve long-term cost savings and greater price stability, particularly appealing in areas with high or unpredictable energy prices. This economic advantage makes BTM investments attractive for residential, commercial, and industrial sectors, boosting the overall market demand for BTM solutions.

Restraint:

Technical complexities

Technical complexities in the BTM arise from the integration of diverse energy sources, such as solar, batteries, and electric vehicles, requiring advanced energy management systems for optimization. BTM systems must balance fluctuating energy generation and demand, manage grid interactions, and ensure seamless operation during grid outages. These complexities necessitate specialized expertise for installation, maintenance, and real-time monitoring, increasing operational costs, further hampering widespread adoption and slowing overall market growth.

Opportunity:

Growing adoption of electric vehicles

EV charging significantly raises electricity consumption, often during peak times, leading to higher costs and grid strain. BTM systems, like solar panels combined with battery storage, allow EV owners to charge vehicles with self-generated power, reducing reliance on the grid and lowering electricity bills. Additionally, as EV adoption grows, more consumers seek resilient and sustainable energy sources, driving investment in BTM solutions to support eco-friendly and cost-effective vehicle charging directly at their premises.

Threat:

High upfront investment

High upfront investment in behind the meter (BTM) systems is due to the costs of advanced technology, including solar panels, battery storage, and combined heat and power (CHP) units, as well as installation, permitting, and grid integration expenses. These initial costs can be prohibitive, especially for residential and small commercial users, limiting wider adoption. This financial barrier slows the market's growth, as potential users may be deterred by long payback periods, despite the promise of long-term savings

Covid-19 Impact

Covid-19 significantly impacted the behind the meter (BTM) market, initially disrupting supply chains, delaying installations, and slowing project financing. However, as the pandemic highlighted the need for reliable, self-sustained energy, interest in BTM solutions like solar panels and energy storage grew. Remote work and increased residential energy demand further spurred consumer adoption. Government stimulus packages and incentives for clean energy have also boosted BTM investments, supporting a shift toward resilient, decentralized energy sources in the post-pandemic era.

The smart meters segment is expected to be the largest during the forecast period

The smart meters segment is predicted to secure the largest market share throughout the forecast period due to its real-time monitoring and management of energy consumption at the consumer level. They provide detailed insights into energy usage patterns, facilitate demand response programs, and enhance energy efficiency. By communicating with energy management systems, smart meters allow for automated control of energy resources, optimizing both cost savings and sustainability. This technology plays a critical role in integrating renewable energy sources and promoting energy conservation among consumers.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is anticipated to witness the highest CAGR during the forecast period. BTM systems in residential applications refer to energy generation and storage solutions located on the consumer's side of the utility meter. This includes solar panels, battery storage, and energy management systems that allow homeowners to generate, store, and optimize their energy usage. BTM solutions enhance energy independence, reduce electricity costs, and can provide backup power during outages. They also facilitate participation in demand response programs, contributing to grid stability and sustainability.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by rising electricity demand, supportive government policies, and increasing adoption of renewable energy. Countries like China, Japan, Australia, and South Korea lead in deploying BTM systems, especially rooftop solar and battery storage, due to high energy costs and government incentives. Additionally, advancements in energy storage and smart grid technologies support BTM expansion, aligning with regional goals for energy security and emissions reduction.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period fuelled by growing interest in energy independence, cost savings, and sustainability. The United States and Canada are key players, with strong adoption of BTM solutions like solar panels, battery storage, and combined heat and power (CHP) systems. Supportive policies, tax incentives, and net metering programs encourage residential, commercial, and industrial users to invest in BTM. The rise of electric vehicles and demand for resilient energy sources in response to extreme weather events further drive BTM growth across the region.

Key players in the market

Some of the key players profiled in the Behind The Meter (BTM) Market include Honeywell International Inc., Johnson Controls, Schneider Electric, SunPower Corporation, Sonnen, Greensmith, JLM Energy, Panasonic Corporation, Tesla Energy, Clean Energy Storage Inc., Aquion Energy, Amp Energy, IHI Corporation, NextEra Energy, Enphase Energy, LG Chem, SimpliPhi Power, Generac Holdings Inc., AEG Power Solutions, Sonnenbatterie.

Key Developments:

In October 2024, Amp Energy announced the launch of a significant 15 MW behind-the-meter solar project for Siemens at its manufacturing facility in Ontario, Canada. This project aligns with Siemens' sustainability goals by providing clean energy directly to their operations, which is expected to significantly reduce carbon emissions associated with their manufacturing processes.

In August 2024, Aquion Energy launched its "Aqueous Hybrid Ion" (AHI) battery system designed specifically for BTM applications. These batteries are noted for their long cycle life and sustainable materials, making them ideal for residential and commercial energy storage. The AHI systems allow users to store solar energy generated during the day for use at night, enhancing energy independencesla's Update on Powerwall 3.

Components Covered:

• Backup Generators
• Communication Infrastructure
• Control Systems
• Smart Meters
• Sensors
• Inverters
• Power Management Systems
• Other Components

Capacities Covered:

• Small Scale (Up to 100 kW)
• Medium Scale (100 kW to 1 MW)
• Large Scale (Above 1 MW)

Technologies Covered:

• Solar Photovoltaic (PV)
• Energy Storage Systems (ESS)
• Combined Heat & Power (CHP)
• Demand Response Technologies
• Other Technologies

Applications Covered:

• Residential
• Commercial
• Industrial
• Institutional
• Agricultural
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Behind The Meter (BTM) Market, By Component

• 5.1 Introduction
• 5.2 Backup Generators
• 5.3 Communication Infrastructure
• 5.4 Control Systems
• 5.5 Smart Meters
• 5.6 Sensors
• 5.7 Inverters
• 5.8 Power Management Systems
• 5.9 Other Components

6 Global Behind The Meter (BTM) Market, By Capacity

• 6.1 Introduction
• 6.2 Small Scale (Up to 100 kW)
• 6.3 Medium Scale (100 kW to 1 MW)
• 6.4 Large Scale (Above 1 MW)

7 Global Behind The Meter (BTM) Market, By Technology

• 7.1 Introduction
• 7.2 Solar Photovoltaic (PV)
• 7.3 Energy Storage Systems (ESS)
• 7.4 Combined Heat & Power (CHP)
• 7.5 Demand Response Technologies
• 7.6 Other Technologies

8 Global Behind The Meter (BTM) Market, By Application

• 8.1 Introduction
• 8.2 Residential
• 8.3 Commercial
• 8.4 Industrial
• 8.5 Institutional
• 8.6 Agricultural
• 8.7 Other Applications

9 Global Behind The Meter (BTM) Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Honeywell International Inc.
• 11.2 Johnson Controls
• 11.3 Schneider Electric
• 11.4 SunPower Corporation
• 11.5 Sonnen
• 11.6 Greensmith
• 11.7 JLM Energy
• 11.8 Panasonic Corporation
• 11.9 Tesla Energy
• 11.10 Clean Energy Storage Inc.
• 11.11 Aquion Energy
• 11.12 Amp Energy
• 11.13 IHI Corporation
• 11.14 NextEra Energy
• 11.15 Enphase Energy
• 11.16 LG Chem
• 11.17 SimpliPhi Power
• 11.18 Generac Holdings Inc.
• 11.19 AEG Power Solutions
• 11.20 Sonnenbatterie