Battery storage systems are located at a different magnitude of the electricity environment as well as customers, transmission, and distribution. These storage capacities are mainly segregated into Behind- the-meter (BTM) or In front-of -the meter (FTM). In front-of-the meter battery are connected to the back of electricity meter in business, industrial, and residential sectors. They authorize electricity bill reductions. The main aim of the Btm Battery storage capacity system is to give the back-up capacity to customers on the condition of blackouts.
The magnitude of BTM batteries ranges from 3 kilowatts (Kw) to 5 megawatts (MW) rely upon the end-use. BTM battery is implemented at the customer’s place. It is not attainable to the distribution system supplier. These batteries store electricity exhausted by solar panels, windmills or, power Grids when electricity utilization is low. The stored electricity can be utilized by the customer on call or can be returned to the distribution power grid when electricity utilization is more.
Europe is estimated to be the dominant region in the Behind-the -Meter (BTM) Battery Market.
Europe is estimated to the dominant region in the Btm Battery Market as the region has high implemented support of sustainable energy. An increase in environmental rules is also estimated to control the utilization of diesel generators in the blackout condition. Asia Pacific is expected to be a largely captivating region at a quick pace in the area. Nations in Asia Pacific like Japan, China, and India are largely concentrating on sustainable energy sources as alternative sources of energy in order to reduce the tax on electricity. Demand for electricity has been rising in India and China due to the development of industrialization and population. North America is expected to report for an essential share of the BTM battery market in the forthcoming years.
Key players operating in the Behind the meter battery market includes ABB (Switzerland), AutoGrid, SUN POWER, Sonnen, JLM Energy, STEM, and GreenCharge, etc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Behind-The-Meter (BTM) Battery Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Behind-The-Meter (BTM) Battery Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Behind-The-Meter (BTM) Battery Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Behind-The-Meter (BTM) Battery Market.”
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The post Behind the Meter (BTM) Battery Market is estimated to grow from US$ XX Bn in 2019 to US$ XX Bn by 2027, at a CAGR 6%. appeared first on MAXIMIZE MARKET RESEARCH.
