Wednesday, January 16, 2013

Data Analytics for Consumer Heating and Cooling Systems Helps Generate Energy Savings, Reduce Runtime by up to 36%

New whitepaper addresses automation solutions that improve residential energy systems and benefit utilities, service providers, and consumers 

New consumer research from Parks Associates indicates 54% of U.S. broadband households own a programmable thermostat, which can be an effective tool in reducing energy costs, except only 44% of owners are confident it is programmed correctly. Parks Associates' new whitepaper “Residential Energy Savings through Data Analytics” addresses innovations in HVAC controls and strategies that leverage data analytics to improve energy efficiency and to reduce consumers’ energy bills.

The whitepaper, sponsored by EcoFactor, explores new knowledge-based approaches that analyze household data to provide the optimum balance between cost savings and consumer comfort. A data analytics solution can reduce the runtime for an HVAC system by 36% compared to the baseline condition. These new solutions can benefit utilities and consumers by maximizing performance of thermostats and homes, increasing cost savings, and optimizing demand-response programs.

Parks Associates research - Residential Energy Usage

“The HVAC industry has expended considerable time and effort into improving equipment performance, but the operation of devices like programmable thermostats is in the hands of consumers," said Tom Kerber, Director, Research, Home Controls and Energy, Parks Associates.  “Programming complexity and variability in personal schedules prevent many users from changing the set-point temperatures properly  and so they fail to capture significant potential savings.”

Heating and cooling are the largest component of the overall energy bill, but 54% of households with programmable thermostats do not program their thermostats to automatically change temperature set points throughout the day.

To download this whitepaper, go to www.parksassociates.com/energycontrol. For more information, visit www.parksassociates.com.

About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Smart Energy Summit: Engaging the Consumer, Connected Health Summit: Engaging Consumers, and Future of Video: OTT, Pay TV, and Digital Media.

http://www.parksassociates.com

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